Sep 30 2008

Session Time: Tue Sep 30 00:00:00 2008

[07:59] {magoo} morning
[08:05] {Threei} Good morning
[08:05] {magoo} vad:)
[08:10] {Threei} T. BOONE PICKENS: BELIEVES A BAILOUT DEAL WILL HAPPEN ON THURSDAY, THE DROP IN THE DJIA HAS BEEN SOBERING
[08:10] {Threei} - We will face another crisis in energy soon, we already pay about $700B a year for foreign oil.
[08:11] {Threei} guy becomes plain annoying
[08:30] {magoo} what u stalking vad?
[08:31] {Threei} just looking around so far
[08:31] {Threei} too unclear what happens next
[08:31] {Threei} C...
[08:31] {Threei} VLNC...
[08:33] {Onix} Good morning all
[08:33] {Threei} Onix :)
[08:40] {Threei} Raven... checked on a sky this morning?
[08:40] {dino} gm all
[08:40] {Threei} falling? holding?
[08:40] {Threei} dino :)
[08:41] {Raven} some light fog
[08:41] {Threei} light?
[08:41] {Threei} wow
[08:41] {Raven} {-----------. checking radar
[08:42] {Raven} clouds to the west ... rain may occur today
[08:42] {Threei} OK... as long as sky is still up there
[08:42] {Raven} bring the umbrella
[08:45] {Threei} Bush on TV
[08:47] {Raven} that'll be a big help
[08:48] {Threei} PRESIDENT BUSH: THIS IS NOT THE END OF THE LEGISLATIVE PROCESS, WHAT MATTERS IS THAT WE GET A LAW AT THIS CRITICAL MOMENT
[08:48] {Threei} - The reality is that we are in an urgent situation, with consequences worsening day by day. If US continues on this course, the economic damage will be painful and lasting.
[08:48] {Threei} - There's no question the $700B amount is a large amount of money. But the economy depends on decisive action from Congress.
[08:53] {peterg} Morning all
[08:54] {Threei} peter :)
[09:09] {dino} hmmmmmmmmm
[09:09] {dino} probabilities
[09:09] {Threei} what about them?
[09:10] {GeoArb} gm
[09:10] {Threei} Geo :)
[09:11] {magoo} R
[09:11] {magoo} A
[09:11] {magoo} V
[09:11] {magoo} E
[09:11] {magoo} N
[09:11] {magoo} an oldie but gooodie
[09:11] {dino} thinking out loud.
[09:11] {dino} gap open up?
[09:12] {cosmo} backs possibly
[09:12] {cosmo} banks
[09:13] {cosmo} not probable tho
[09:13] {dino} ddm?
[09:14] {dino} qld?
[09:14] {dino} sso?
[09:14] {Raven} M aaaa GGGGGGGGGG ooooo OOOOOOOOOOOOOOOOOOOOOO !
[09:15] {dino} sm l ddm .67, will let it move around a bit
[09:18] {fernp} Good morning all
[09:18] {cosmo} lets hope
[09:18] {Threei} fern :)
[09:20] {dptl} good morning all
[09:20] {Threei} dp :)
[09:25] {Threei} I don't have clear play for opening
[09:25] {Threei} looking
[09:28] {cosmo} ASML: Significant Progress in EUV Lithography Program; Reveal
[09:28] {cosmo} Roadmap that Extends Semiconductor Manufacturing to 11 Nanometers and Beyond
[09:29] {magoo} pop...drop..pop...drop....
[09:29] {magoo} there vad
[09:29] {Threei} sop, long POP and short DROP?
[09:29] {esemde} good morning
[09:29] {esemde} you sure called yesterday right Vad
[09:30] {Threei} ese :)
[09:30] {Threei} ty
[09:31] {Threei} watching C
[09:32] {magoo} watching rimm
[09:32] {Threei} broke out too fast
[09:32] {Threei} .20 break was the idea but wanted some more consolidation before the break
[09:33] {peterg} rimm bouncing ball
[09:33] {Threei} pullback should be buyable
[09:33] {Threei} .20 break again
[09:34] {Threei} stop under .10
[09:35] {Threei} stop to .14
[09:36] {GeoArb} hmm in .21 half out .32
[09:36] {Threei} hesitates too long for my taste
[09:36] {GeoArb} .34
[09:36] {Threei} not bad Geo, that's playing safe
[09:36] {GeoArb} was 1:1
[09:36] {Threei} yup
[09:36] {Threei} .15 held on this pullback, so stop is trailed right
[09:37] {Threei} stop to .19 now
[09:37] {Threei} half out .39
[09:37] {Threei} risk is minimal here
[09:37] {Threei} out
[09:37] {Threei} .17
[09:38] {dino} c l .15
[09:38] {Onix} ty Vad, i got 15c in C
[09:38] {dino} stop .96
[09:38] {Threei} :)
[09:38] {Threei} good entry dino
[09:39] {dino} lucky
[09:39] {Threei} if you say so
[09:39] {Threei} ugh WB
[09:41] {magoo} ouyt .41 TY vad C
[09:41] {Threei} welcome
[09:42] {GeoArb} sheesh maggo
[09:42] {GeoArb} you left the scalper ranks
[09:43] {dino} c stop to .49
[09:43] {Threei} magoo hateth stinkin' scalpers
[09:43] {dino} out +.34 ty vad
[09:43] {Threei} :)
[09:43] {magoo} :)
[09:45] {GeoArb} consumer conf at 10?
[09:45] {Threei} SEPT CHICAGO PURCHASING MANAGER'S INDEX: 56.7 V 53.0E
[09:45] {hawkfan4} yes geo
[09:46] {GeoArb} so magoo ... did you partial or all in all out?
[09:46] {magoo} all out
[09:46] {magoo} always
[09:46] {GeoArb} nice
[09:46] {magoo} i look to reload pullbks if stiull like it
[09:46] {GeoArb} i was carefull after being a coqboy yesterday
[09:47] {GeoArb} ooooh
[09:47] {GeoArb} cowboy
[09:47] {magoo} gotta remember too...magoo in other plays so can't be waiting around
[09:47] {GeoArb} heheh true
[09:48] {magoo} i flipped bidu and rimm at same time as that
[09:48] {magoo} to fast to post unfortunately
[09:48] {GeoArb} yup
[09:48] {GeoArb} nice drop c
[09:48] {magoo} goota just "feel"them]
[09:49] {dino} ddm stopped -.52 thats messed up
[09:50] {Threei} PREVIEW: SEPT CONSUMER CONFIDENCE DUE OUT AT 10AMET
[09:50] {Threei} - consensus expectation: 55.0e v 56.9 prior
[09:50] {magoo} OY
[09:50] {magoo} cant be good number
[09:50] {Threei} so, expectation is that confidence is just half inch above baseboard
[09:52] {GeoArb} no correlation between oil and market now
[09:53] {GeoArb} CL tanking
[09:53] {Threei} no, other worries took over
[09:53] {Threei} oil retreated far enough to stop being major factor
[09:53] {GeoArb} true
[09:53] {Threei} and financial worries are overpowering
[09:56] {peterg} rbr dirty harry's question: Well, punk, do you feel lucky???
[09:57] {dino} lol
[09:58] {cosmo} CNXT hod = 3.94
[09:58] {cosmo} fwiw
[09:59] {GeoArb} what I find interesting is that despite bailout failure financials didnt make new lows
[10:00] {Threei} SEPT CONSUMER CONFIDENCE: 59.8V 55.0E
[10:00] {Threei} - prior revised from 56.9 to
[10:00] {Threei} - no revision to prior 56.9
[10:00] {magoo} sheesh
[10:00] {GeoArb} confidence increased?
[10:00] {Threei} hehe
[10:01] {esemde} l BRCM .82
[10:02] {Threei} Long Setup: WB 2.78
[10:02] {esemde} stop .69 full lot
[10:03] {Threei} this pullback will show the stop level
[10:03] {Threei} under .60 invalidated as breakout
[10:03] {esemde} bouncing around like a rabit
[10:06] {Threei} C is running again
[10:06] {magoo} l rimm .3
[10:06] {magoo} here
[10:07] {Threei} my stop .65 on WB for now
[10:08] {magoo} rimm stop 63.88
[10:08] {magoo} in small
[10:08] {esemde} stop to .80
[10:08] {dino} fcx sm l .50
[10:09] {Threei} MP SECURITIES RAISED RIMM TO MARKET OUTPERFORM FROM MARKET PERFORM
[10:09] {Threei} - pre-open
[10:10] {magoo} stopped
[10:10] {magoo} figures
[10:10] {Threei} WB half out .93
[10:10] {Threei} stop to .79
[10:11] {Threei} offering balance 3.05
[10:11] {magoo} out here vad .93 TY
[10:11] {magoo} FL
[10:11] {Threei} :)
[10:12] {magoo} l rimm AGAIN .33
[10:12] {dino} fwlt sm l .25
[10:12] {Threei} out
[10:12] {GeoArb} out
[10:12] {Threei} nice and easy
[10:12] {Threei} stop never jeopradized
[10:12] {GeoArb} sheer magnificence vad
[10:12] {Threei} that's my middle name, yeah
[10:12] {GeoArb} vad SM G
[10:13] {magoo} offer
[10:13] {magoo} OUT .75
[10:13] {Threei} US SENATE MAJORITY LEADER REID: BAILOUT PACKAGE MUST MOVE FORWARD AND 'BLAME GAME' MUST END
[10:13] {Threei} {XLF}
[10:13] {esemde} out BRCM ..02
[10:13] {magoo} i knew it..stop neede to be in 70 area
[10:13] {Onix} ty Vad, i got $52 in WB
[10:13] {Threei} good one ese
[10:13] {GeoArb} wow WB
[10:13] {Threei} onix :)
[10:13] {esemde} +20 ....i'm outta here all see ya tomorow
[10:13] {Threei} take care ese, good job
[10:13] {Threei} vene, vidi, visi
[10:14] {esemde} ya played that one by the books
[10:14] {Threei} or howevere it's spelled
[10:14] {Threei} wow
[10:15] {Threei} that's way beyond what I expwcted from WB
[10:15] {GeoArb} veni vidi vici
[10:15] {Threei} yeah, ty
[10:15] {hawkfan4} out wb .19, beauty vad, and i do mean that ;)
[10:15] {Threei} uh oh
[10:15] {GeoArb} i pulled 250 buccks out of that
[10:15] {Threei} nothing's wrong with that
[10:16] {magoo} oh u did? GOOD JOB, BUT
[10:16] {GeoArb} 2 lots
06[10:16] * magoo slaps GeoArb around a bit with a large trout
[10:16] {GeoArb} why magoo why?
[10:16] {magoo} just because
[10:16] {GeoArb} ok
[10:16] {Threei} Long Setup: C .52 if stays above .40
[10:16] {dino} lol, and gj geo
[10:17] {Threei} (VZ) VENEZUELA PRES CHAVEZ: OIL PRICE COULD SETTLE BETWEEN $80-90/BARREL
[10:17] {dino} out fcx .90, +.40
[10:18] {Onix} in C .52
[10:19] {magoo} wheres u target vad?C
[10:20] {Threei} offering half .63
[10:20] {magoo} ok .6267
[10:20] {Threei} ugh
[10:20] {Threei} stop to .45 meanwhile
[10:21] {Threei} don't want to give anything back
[10:21] {Threei} willing to get shaken out rather than risk profits
[10:22] {magoo} out flat
[10:22] {GeoArb} out about 10 cents
[10:22] {GeoArb} not sure
[10:22] {magoo} red bar QQQ
[10:22] {GeoArb} on i min?
[10:23] {GeoArb} yup see it thanks magoo
[10:23] {Threei} held by fingertips
[10:24] {Onix} i got scared & took my stop @ .47
[10:24] {Threei} .47 is non-indicative... just noize
[10:25] {magoo} yup..had full tho
[10:25] {Threei} half out .64
[10:25] {magoo} and good day going
[10:25] {Threei} scalpers feel free to take full
[10:25] {magoo} but still.................................
06[10:25] * magoo slaps Threei around a bit with a large trout
[10:25] {GeoArb} yeah took it before as wasnt sure
[10:26] {GeoArb} TY vad
[10:26] {GeoArb} its been a good day
[10:26] {Threei} welcome guys
[10:26] {GeoArb} (jinxed)
[10:26] {peterg} locate jinx removal tool on lower right
[10:26] {Threei} rofl
[10:26] {Threei} good one peter
[10:27] {magoo} top left here petergLOL
[10:27] {peterg} different models, different placement
[10:27] {dino} fwlt stop to flat
[10:27] {dino} out
[10:29] {Threei} fast drop WB
[10:30] {dino} amzn sm s .25
[10:31] {Threei} offering C balance .79
[10:32] {dino} stop is hod
[10:32] {Threei} out
[10:32] {GeoArb} vads getting greedier by the day
[10:33] {GeoArb} soo his out will be 5 dollars apart
[10:33] {Threei} greed is my middle name
[10:33] {GeoArb} soon
[10:33] {hawkfan4} you could change your nick to Twog
[10:33] {Onix} I thought it was yeah?
[10:34] {GeoArb} wow C
[10:34] {dino} stopped amzn
[10:36] {dino} ups l .02
[10:41] {dino} amzn s .75 last try
[10:46] {dino} amzn stopped
[10:48] {Threei} Russian exchanges are halted again
[10:49] {Threei} if it goes like this, the most valuable people over there will be ones having enough pull to share information on when exchanges open for 5 minutes
[10:49] {Onix} whow
[10:50] {Onix} not what younow buy who you know
[10:52] {GeoArb} i thought that was everywhere
[10:52] {GeoArb} just variance in degrees
[10:52] {Onix} so true
[10:52] {Threei} "aristocracy by money is replaced by the aristocracy by pull"
[10:52] {Threei} or however you spell that
[10:53] {Threei} Chaeron missed everything again :(
[10:53] {Chaeron} Good morning all
[10:53] {GeoArb} hey chaeron
[10:53] {Chaeron} all except your lesson on aristocracy...
[10:53] {GeoArb} yeah today was saaweeet
[10:54] {Chaeron} so all done then?
[10:54] {GeoArb} vad seems to have dozed off
[10:54] {Chaeron} (natural state for him geo :))
[10:55] {Threei} lol
[10:55] {Threei} permanent too
[10:55] {hawkfan4} Now here's a market guru's prediction i can get my head around: Alan Farley
[10:55] {hawkfan4} The Other Black Swan
[10:55] {hawkfan4} 9/30/2008 10:20 AM EDT
[10:55] {hawkfan4} With the distinct aura of "100-year flood" and "black swan event" oozing through the financial markets, I'm going to extend those analogies and go out on a limb here.
[10:55] {hawkfan4} The Cubs will win their first World Series in 90 years.
[10:55] {hawkfan4} Now back your your regularly-scheduled market crash.
[10:55] {Chaeron} it's a compliment Vad... take it as you are so good, you can trade even THIS market in your sleep
[10:55] {Threei} rofl
[10:56] {Threei} correction chaeron... I can trade ONLY in my sleep
[10:56] {Chaeron} ah :)
[10:56] {dptl} got to go .......have a good rest of the day:)
[10:56] {Threei} take care dp
[10:56] {Chaeron} bye dp... I'll take it from here
[10:57] {dptl} :)....ty ..it's all yours now:)
[10:58] {GeoArb} heh
[10:58] {dino} bidu v sm s 7.35
[10:58] {GeoArb} so now we have to handle vad's trading in shifts?
[10:58] {magoo} sh riumm jhere
[10:59] {magoo} .50
[10:59] {dino} srcl?
[10:59] {Threei} lovely one mags
[11:01] {magoo} out .93 here
[11:01] {magoo} TY vad
[11:02] {magoo} easy button
[11:03] {peterg} tks mags;
[11:03] {magoo} what u get? in .50 out .93 here
[11:04] {magoo} when i call rimm aapl only go 300 shares ok?
[11:04] {magoo} wiggle room
[11:07] {GeoArb} c forming a wedge
[11:08] {GeoArb} interesting'
[11:09] {GeoArb} CME raising futures margins for index products
[11:09] {GeoArb} http://www.cme.com/clearing/rmspan/pbadv/Chadv08251.html
[11:10] {GeoArb} anyone dabbles in these instruments?
[11:11] {hawkfan4} i play the minis, and the guitar
[11:11] {GeoArb} heheh
[11:18] {magoo} sh rimm here 67
[11:20] {magoo} stop .44
[11:21] {Threei} feels like market dump is coming
[11:21] {magoo} wait .58
[11:23] {magoo} 1:1 anyway
[11:26] {dino} gotta hop, cov. bidu .15 +1.20
[11:27] {magoo} out not working
[11:31] {magoo} mkt strong...trtaders getting in front of expected decision on thurs friday to approve bill
[11:31] {magoo} then prob sell the news
[11:32] {magoo} its harder to short than go long today
[11:33] {magoo} chirp in vads
[11:33] {Threei} yup
[11:33] {Threei} C continues
[11:35] {peterg} as doth rimm
[11:35] {Threei} this becomes sad:
[11:35] {Threei} T. BOONE PICKENS: 1 YEAR FROM NOW OIL WILL BE NEAR $150/BARREL - CNBC
[11:35] {GeoArb} my issue is i dont trust oil prices until after the election
[11:36] {Threei} I don't trust opinion of a person who is losing when oil drops
[11:36] {GeoArb} true that
[11:36] {Threei} and issues one bullish call after another, repeatedly proven wrong
[11:37] {Threei} he may be brilliant in zillion ways, but on this issue his judgment is clouded
[11:37] {magoo} hes gonna ruin his rep here
[11:37] {peterg} T. is not a trader but a wildcatter, no?
[11:37] {peterg} different challenges, methinks
[11:38] {patience} he has a fund peter
[11:38] {Threei} in red big this year
[11:39] {peterg} what, a mutual?
[11:39] {patience} he has 46 percent interest in company which runs 2 hedge funds
[11:40] {patience} 1 billion energy related hedge fund
[11:40] {peterg} ah so
[11:40] {peterg} I think he should make barbecue grills and compete with George Foreman
[11:43] {Threei} something's driving MS
[11:43] {Threei} watching for pullback
[11:45] {Threei} {MS} what's pullback?
[11:51] {GeoArb} pullback vad?
[11:51] {Threei} too small for confident entry
[11:52] {Threei} thing about pullbacks on finnies these days is,
[11:53] {Threei} thanks to absense of short covering they are deeper and more violent than usual
[11:53] {GeoArb} ok
[11:53] {Threei} so I want much more pronounced pullback for entry
[11:53] {Threei} otherwise it's just too risky, can get caught in severe selloff easy
[11:54] {GeoArb} ES at overnight highs almost
[11:55] {Threei} C just won't quit
[12:07] {Threei} quite interesting take on rescue plans:
[12:07] {Threei} http://www.hussmanfunds.com/wmc/wmc080929.htm
[12:16] {Threei} WB
[12:16] {Threei} BALANCE SHEET AMPLY SUPPORTS WACHOVIA'S OPERATING SUBSIDIARIES
[12:20] {magoo} up or down mkt here vad
[12:21] {Threei} too early
[12:21] {Threei} just uncertain at this point
[12:24] {Threei} Long Setup: WB 3.01
[12:24] {Threei} .89 stop
[12:33] {GeoArb} so for something like this vad... you go multiple lots right?
[12:37] {Threei} yes, within my risk tolerance
[12:37] {GeoArb} of course... type one scalp
[12:37] {Threei} right
[12:37] {GeoArb} (i revised)
[12:42] {Threei} half out .06
[12:42] {Threei} too unclear, want to cut risk down
[12:44] {Threei} stop to .99
[12:46] {Threei} offering balance .15
[12:47] {Threei} out
[12:48] {Threei} anyone took this one?
[12:48] {Threei} or I might just as well go sleep?
[12:48] {GeoArb} me
[12:48] {GeoArb} 10 cents
[12:48] {GeoArb} TY
[12:48] {Threei} :)
[12:48] {hawkfan4} nice vad, me too, thx
[12:48] {GeoArb} was in late and out early
[12:49] {GeoArb} but 2 lots made things nice :)
[12:57] {Threei} CITIGROUP COMMENTS ON WB, NOTES THAT IT IS COMMITED TO CONDUCTING THE TRANSACTION, CONTINUES TO OPERATE NORMALLY
[12:57] {Threei} {C}
[12:59] {GeoArb} 20.f5 quadruple top C hehe
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
[13:00] {Threei} sigh
[13:00] {GeoArb} hey dave
[13:00] {magoo} sigh
[13:00] {laserdave1} hey guys
[13:00] {magoo} DCC dave
[13:00] {laserdave1} o sorry mags
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
[13:00] {magoo} there u go:)
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
[13:01] {GeoArb} mymy he shows up with trouts twirling
[13:08] {laserdave1} i have taken so much abuse from these guys Geo
[13:08] {laserdave1} they punish me
[13:08] {GeoArb} yeah i have seen that
[13:08] {laserdave1} so a lil pay back once in awhile is nice
[13:08] {GeoArb} its all love
[13:08] {laserdave1} feels real good
[13:08] {laserdave1} lol
[13:08] {GeoArb} lol
[13:08] {Threei} yeah dave... but the real question is, was any of that abuse undeserved
[13:08] {laserdave1} no sir
[13:09] {Threei} there you go :)
[13:09] {GeoArb} we should run a study on how agressively lasertave flashed the trout
[13:09] {GeoArb} vs how much he killed in the ,arket
[13:09] {GeoArb} i suspect there is a correlation
[13:09] {laserdave1} i loves the abuse......why u think i am always such a bad boy?
[13:09] {Threei} WB heated battle here
[13:10] {Threei} not sure I want to participate
[13:10] {Threei} no single stop in two days, and what days
[13:10] {Threei} don't want uncertain fights
[13:12] {Threei} if you feel like trying, it seems likely to revisit .25 high
[13:12] {Threei} and mostl likely break higher
[13:13] {GeoArb} is that a flashing green call vad?
[13:14] {Threei} it's just what I said... my feeling for it is above, and I personally am not taking this trade
[13:14] {GeoArb} :)
[13:14] {Threei} too laborous for me after many much easier trades
[13:14] {Threei} consider it me exercising my crystal ball
[13:17] {Threei} CITIGROUP HAS REPORTEDLY INITIATED A HALT IN EMPLOYMENT OF BROKERS AT WACHOVIA- UNCONFIRMED REPORT
[13:18] {Threei} .25
[13:19] {GeoArb} hmmm this was an easy button
[13:19] {Threei} and higher
[13:19] {Threei} crystal ball is fine
[13:19] {GeoArb} anyone partake?
[13:21] {Threei} CONGRESSIONAL AIDE: RECEIVING A LOT OF CALLS IN FAVOR OF BAILOUT BILL FROM CONSTITUENTS
[13:21] {Threei} yeah? wasn't it like 99% calls against it?
[13:21] {GeoArb} he didnt talkk about the "lotter" calls against
[13:22] {GeoArb} new grammer..... little lots lotter
[13:22] {GeoArb} (ok i need lunch)
[13:22] {Threei} lol
[13:23] {GeoArb} ya know what i love about all this.?
[13:23] {GeoArb} my POS mortgage broker is out of a job
[13:24] {GeoArb} last I heard... he was selling theatre tickets
[13:24] {magoo} what bank is POS?
[13:24] {GeoArb} heheheh
[13:24] {GeoArb} piece of %^#^%
[13:25] {GeoArb} term of endearment
[13:25] {magoo} gotcha
[13:25] {GeoArb} i remember he got so pissed of at me when i insisted on reading the docs i was signing
[13:25] {Threei} heh
[13:26] {GeoArb} "trust me"
[13:26] {Threei} can you blame him? all those 15 minutes you took from him while reading is 3 new suckers he could get to sign
[13:26] {GeoArb} i took 2 hrs
[13:26] {GeoArb} ES broke high
[13:27] {GeoArb} oil broke 100
[13:27] {Threei} there you go
[13:27] {Threei} you just stole a lot of his business by tying him up for that long
[13:27] {GeoArb} the stealing was all him trust me
[13:28] {GeoArb} its funny that now credit is getting tighter banks aer phasing out independent mortgage brokers
[13:28] {Threei} crisis was approaching... he had to get as many bodies as possible while they were warm
[13:28] {GeoArb} not enouight pieces of pies left
[13:28] {Threei} and here you are, reading fine print
[13:28] {GeoArb} lol
[13:29] {GeoArb} es and oil both at daily highs
[13:29] {GeoArb} wrd
[13:30] {Threei} not really
[13:30] {Threei} new paradigm
[13:30] {GeoArb} pray tell
[13:31] {Threei} oil is not a major worry anymore, it doesn't rule the market direction,
[13:31] {Threei} instead, oil is moving up when there are signs of economy doing better
[13:31] {Threei} and drops when things look bleak, on demand destruction worries
[13:32] {Threei} this dynamic will work for a while
[13:32] {GeoArb} makes sense vad
[13:32] {Threei} then, I suspect, oil is oing to get hit but completely other things
[13:32] {Threei} ...going to get hit by...
[13:33] {Threei} namely, by the structure of its futures trading
[13:33] {Threei} which in a sense is a bubble on its own
[13:33] {GeoArb} well now Es is 6% margin
[13:33] {GeoArb} we get 10%
[13:34] {GeoArb} not much sense going to futures
[13:34] {GeoArb} 5-10 depending
[13:34] {Threei} where huge derivatives structure is overhanging relatively small underlying market
[13:34] {Threei} and when this thing unravels...
[13:35] {peterg} Any info on redemptions from hedge funds today?
[13:38] {GeoArb} decent up day today
[13:38] {GeoArb} i had thought sideways
[13:44] {Threei} C .76 worth a try
[13:44] {Threei} if stays above .65
06[13:56] * Threei kicks C in the rear with steel-toed heavy duty army boots
[13:57] {Threei} ummm... did I mix the sides?
[13:57] {Threei} was that the front?
06[13:59] * Threei is turning C around and repeating kick
[14:00] {GeoArb} comeon vad
[14:00] {GeoArb} i bank there
[14:00] {GeoArb} now ill be thinking about that when i go to atm
[14:00] {GeoArb} tch tch
[14:00] {Threei} lol
[14:00] {GeoArb} enh i am out
[14:01] {Threei} OK, this seems to be the right side
[14:01] {GeoArb} will trade in non lunch time
[14:01] {GeoArb} 3 cents
[14:02] {GeoArb} es looking ready to fall IMO
[14:03] {dino} .
[14:03] {GeoArb} vad made me too much money so am in profit protection mode
[14:04] {dino} gj
[14:04] {Threei} good idea
[14:16] {Threei} half out C .89
[14:17] {GeoArb} just like vad
[14:17] {GeoArb} squeezed blood from a stone
[14:17] {Threei} lol
[14:17] {GeoArb} you in IRS vad? :)
[14:18] {Threei} part time only
[14:20] {GeoArb} i will accept my trouts right about now
[14:20] {Threei} HOUSE SPEAKER PELOSI AND SENATE MAJORITY LEADER REID STATE THEY ARE CONFIDENT CONGRESS WILL PASS A RESPONSIBLE BAILOUT BILL
[14:20] {dino} rcrc sm l .75
[14:24] {Threei} got that half back at .74
[14:24] {Threei} offering it .85
[14:24] {Threei} out
[14:24] {Threei} lol
[14:25] {Threei} WB??
[14:26] {dino} srcl sm l .71
[14:26] {Threei} that was funny on C
[14:26] {GeoArb} yup
[14:27] {GeoArb} squeezing stone truely
[14:28] {Threei} if the stone is sqeezable...
[14:28] {Threei} remember G. gekko's answer to "why do you qwant to wreck this company?"
[14:28] {Threei} "because it's wreckable, alright??"
[14:29] {Threei} offering second half at 20.01
[14:29] {Threei} 21.01
[14:31] {GeoArb} i guess this was a patience grasshopper lesson
[14:32] {Threei} I can pretend that too... but the truth is, it was deep sleep
[14:33] {Threei} out .98
[14:33] {Threei} whatever... why do I fight for 3 cents
[14:40] {dino} out srcl +.20
[14:44] {dino} zion drop
[14:51] {dino} sm dxd l .10
[15:12] {Threei} sharp down WB
[15:23] {dino} dxd stopped -.37
[15:35] {Threei} US TREASURY SEC PAULSON: CREDIT MARKET PROBLEM CONTINUE, STRONG ACTION NEEDED - CONF CALL WITH AMERICAN BANKER'S ASSOCIATION
[15:36] {dino} amzn sm s .97
[15:40] {dino} stopped. calling it a day. i can't trade these big up days for sh#t
[15:41] {Threei} sorry dino
[15:41] {Threei} it's my kind of market
[15:41] {Threei} can do no wrong
[15:41] {dino} not your fault. had to leave for a couple hours, and just generally sucked
[15:42] {dino} when i check my records, the big open and continue days are some of my worst
[15:42] {dino} i am simply an idiot
[15:42] {Threei} usually not my favorites either
[15:42] {Threei} but this one worked fine
[15:42] {dino} gj
[15:43] {GeoArb} yeah good day
[15:43] {GeoArb} didnt get greedy took what vad gave me hehehh
[15:44] {GeoArb} except for the C
[15:45] {dino} gj geo
[15:45] {dino} my mind is wired for dis-belief
[15:47] {GeoArb} i hear you
[15:47] {GeoArb} every time i take what he plays..... i get paranoid about what ifs
[15:47] {GeoArb} what if he retires
[15:47] {GeoArb} etc etc
[15:48] {Threei} ummm
[15:48] {Threei} right in the middle of the play?
[15:48] {GeoArb} no at the end
[15:48] {GeoArb} lol
[15:48] {Threei} leaving you with no instructions on exit?
[15:48] {Threei} must be scary thought
[15:48] {GeoArb} not really
[15:48] {GeoArb} its the cumulative effect aht will hurt
[15:48] {Threei} OK, let me assure you,
[15:48] {GeoArb} not play by play
[15:49] {Threei} if I do, I'll make sure I leave the detailed description for each unfinished trade {G}
[15:49] {GeoArb} if I knew the genesis API as well as some i know
[15:49] {GeoArb} i would conspire with laserdave and hooks your entries and exits with mine
[15:49] {GeoArb} lol
[15:50] {GeoArb} now thats real authotrading
[15:50] {dino} rumors of suspending mark to market
[15:50] {GeoArb} really?
[15:50] {patience} doug kass on realmoney said it at 2:34 pm
[15:51] {GeoArb} so mark to fantasy?
[15:51] {dino} kass-man on real$
[15:51] {dino} its' a tough thing. if i had to mark to market my real estate, hmmmm
[15:52] {dino} as there is not much market
[15:52] {GeoArb} how much is real money sub patience?
[15:53] {patience} haven't a clue, it just goes through credit card
[15:53] {Threei} which is not real money {G}
[15:53] {dino} same here
[15:53] {GeoArb} you have it too dino?
[15:53] {dino} i think 79$
[15:54] {dino} y
[15:54] {dino} for years
[15:54] {patience} vad, was today a light volume day because of jewish holiday?
[15:54] {Threei} I guess
[15:55] {Threei} usually is
[15:55] {GeoArb} ok thanks
[15:55] {GeoArb} ok is 99 now
[15:56] {Threei} a month??
[15:56] {GeoArb} year
[15:56] {Threei} whew
[15:56] {Threei} lol
[15:56] {GeoArb} if it ws a month i fdont think they would let their cards be charged without noticing.
[15:57] {dino} acwx
[15:58] {Threei} Ok guys, thank you all
[15:58] {GeoArb} thanks
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {dino} out rcrc .95 +.20

Sep 29 2008

Session Time: Mon Sep 29 00:00:00 2008

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

Sep 26 2008

Session Time: Fri Sep 26 00:00:00 2008

[08:19] {magoo} morning
[08:19] {Threei} good morning
[08:20] {magoo} hi boss
[08:20] {Threei} you know the world ends today or Monday, right?
[08:20] {magoo} so partty like its 1999?
[08:21] {magoo} u see RIMM?
[08:21] {Threei} yeah, just don't want you to miss out on all the fun you can have until sky falls
[08:21] {Threei} yup
[08:22] {magoo} this mkt is unbelievable
[08:23] {magoo} holy crap...just saw AAPL
[08:27] {Threei} some of firesale prices are unbelieavable
[08:27] {Threei} look at DELL
[08:27] {Threei} NVDA
[08:30] {Threei} Q2 FINAL GDP PRICE INDEX: 1.1% V 1.2%E
[08:30] {Threei} CORE PCE Q/Q: 2.2% V 2.1%E
[08:30] {Threei} *Q2 FINAL GDP ANNUALIZED: 2.8% V 3.3%E; PERSONAL CONSUMPTION: 1.2% V 1.7%E
[08:32] {Threei} FRE
[08:32] {Threei} RETAINED MORTGAGE PORTFOLIO FELL TO $760.9B IN AUG FROM $798.2B IN JULY
[08:32] {Threei} WHITE HOUSE REITERATES THAT THE FINANCIAL SYSTEM IS UNDER "REAL STRESS," REQUIRES FINAL RESCUE LEGISLATION
[08:36] {cosmo} TIBX: ... to big to fail .... i think
[08:37] {Threei} lol
[08:37] {cosmo} :)
[08:38] {Threei} I really need Raven to come in and tell me whether the sky is falling
[08:40] {cosmo} hmmm...me too
[08:42] {Raven} Looks sunny here
[08:42] {Raven} 56.7F
[08:42] {Raven} nice sky
[08:42] {magoo} miserable rain here in north east
[08:42] {Threei} and that's how we know you do not live on Wall Street :)
[08:42] {Raven} correct
[08:43] {cosmo} so.. is that good?
[08:43] {Raven} depends on what the meaning of "good" is
[08:44] {cosmo} checking...
[08:44] {hawkfan4} morning. i'm wearing a helmet today to protect myself from the falling sky
[08:44] {Threei} that sounds like a very good idea for today hawk
[08:46] {cosmo} ...always wear your helmet...
[08:46] {Threei} if Deal or No deal headlines continue today, at some point market is going to become insensitive to it and just wait for the resolution
[08:47] {hawkfan4} we are all children of the resolution
[08:48] {Threei} rofl
[08:48] {Threei} where is peter
[08:48] {Threei} he is going to love this one
[09:00] {Onix} Good morning everyone
[09:00] {Threei} onix :)
[09:01] {Threei} PRESIDENT BUSH TO MAKE STATEMENT ON BAILOUT PLAN AT 9:35AM EST
[09:01] {magoo} onix:)
[09:02] {GeoArb} gm
[09:02] {Threei} Geo :)
[09:04] {dino} gm all
[09:05] {Threei} dino :)
[09:05] {Onix} dino :)
[09:07] {dino} wamu no more
[09:08] {Threei} yeah, another one bites the dust
[09:08] {GeoArb} good to be jamie dimon
[09:08] {dino} going to own everything i guess
[09:10] {dptl} good morning all
[09:10] {Threei} dp :)
[09:12] {Onix} dp :)
[09:19] {Threei} be back in 5
[09:19] {fernp} Good morning all
[09:21] {Onix} fern :)
[09:23] {Threei} fern :)
[09:25] {Threei} with Bush speaking in 5 after market opening, what is poor peasant to do but wait
[09:25] {esemde} morning
[09:25] {Threei} ese :)
[09:26] {Threei} let's be careful, we are hinged on WH version of Deal or No deal
[09:26] {GeoArb} wh?
[09:26] {Threei} deal goes through, buy everything in sight
[09:26] {Threei} well almost
[09:26] {Threei} whote house
[09:26] {Threei} white
[09:26] {Threei} no deal, buy QID
[09:27] {dino} strange time to talk
[09:27] {hawkfan4} no kidding, 5 minutes after open
[09:27] {GeoArb} there ought to be a law
[09:28] {GeoArb} only during market lunchtime
[09:29] {dino} gl all
[09:30] {dino} john mccain has got the republicans together to vote it, guess
[09:31] {Threei} RIMM nose dive
[09:32] {dino} wb
[09:32] {esemde} TIBX
[09:33] {dino} idiots, lets downgrade rimm after it falls 22 pts
[09:33] {hawkfan4} value added
[09:34] {dino} yeah its only -50% from high, way to go
[09:35] {dino} tough when there are no shorts to cover
[09:35] {esemde} was rimm on the no short list
[09:35] {Threei} no
[09:36] {magoo} most techs avail short
[09:36] {esemde} yup....dino...the market regulators are gonna find out one day with some company how deep a stock can fall without covering shorts....
[09:37] {GeoArb} gold at highs
[09:37] {Threei} well, where is President
[09:37] {hawkfan4} my plan for the government would be to short the futures, then come out and say "no deal"
[09:38] {GeoArb} feels good to say that eh vad?
[09:38] {GeoArb} :)
[09:38] {Threei} lol
[09:38] {dino} agree es
[09:38] {peterg} morning all
[09:38] {Threei} peter :)
[09:38] {peterg} what am I going to love?
[09:38] {peterg} beside all of you
[09:38] {GeoArb} wierd
[09:38] {peterg} aaaaghghg
[09:38] {peterg} i give up and accept you anyway
[09:38] {Threei} [08:46] {Threei} if Deal or No deal headlines continue today, at some point market is going to become insensitive to it and just wait for the resolution
[09:38] {Threei} [08:47] {hawkfan4} we are all children of the resolution
[09:39] {GeoArb} thanks
[09:39] {Threei} here is Bush
[09:40] {esemde} ...children of the resolution eh!!!.....Vad resolution?
[09:41] {Threei} that's it?
[09:41] {dino} all that waiting for that? sheesh
[09:41] {hawkfan4} well that sure clears things up
[09:41] {GeoArb} thats @#@# it?
[09:41] {GeoArb} great motivation
[09:41] {magoo} i feel much better
[09:42] {GeoArb} i feel inspiration taking me over
[09:42] {GeoArb} didnt really move the market
[09:43] {GeoArb} RIMM tanking
[09:43] {magoo} wheres support RIMM vad?
[09:43] {magoo} 70?
[09:44] {Threei} can't tell
[09:44] {Threei} kind of uncharted territory
[09:45] {Threei} not here
[09:45] {Threei} most likely one more leg down
[09:46] {Threei} here it comes
[09:47] {dino} l wbPs .20
[09:47] {GeoArb} gld spiked
[09:49] {Threei} Long Setup: FRE .91, if holding above .80, stop .79
[09:50] {GeoArb} washed all my sins from yesterday in GLD
[09:51] {Threei} Long Setup: PAAS 25.11 if stays above 25
[09:52] {Threei} half lot probably
[09:52] {Threei} this tock has mean streak in it
[09:53] {Threei} invalidated as breakout
[09:55] {Threei} EPT FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 70.3 V 70.8E
[09:55] {Threei} - 1 yr median inflation expectations at 4.3% v 4.8% in Aug
[09:55] {Threei} - 5 yr median inflation expectations at 3.0% v 3.2% in Aug
[09:56] {Threei} where do they measure confidence, I want to know
[09:56] {GeoArb} michigan?
[09:56] {esemde} long VRTX .87 pullback 1/2
[09:57] {esemde} out VRTX .15
[09:58] {esemde} cool....didn't think i'd get that
[09:58] {Threei} good entry
[09:58] {Threei} well desrved profit
[09:58] {esemde} + .27
[09:58] {esemde} It's the dino in me coming out!!!
[10:00] {dino} 3gj
[10:01] {dino} the markets are saying screw washington, we rally w/o them
[10:01] {magoo} dino would say "nobody deserves nuttin"
[10:01] {Threei} FED'S BULLARD: SEES SUBSTANTIAL DOWNSIDE RISKS DUE TO MARKETS, SEES EVIDENCE OF COST PASS THROUGH
[10:01] {esemde} what the heck is that....cost pass through?
[10:04] {GeoArb} HMY vad?
[10:05] {GeoArb} little latte
[10:05] {GeoArb} heheh late
[10:05] {esemde} i'll take a latte...
[10:05] {esemde} what is cost pass through? anyone have an answer for that
[10:06] {esemde} VRTX off to the races
[10:06] {Threei} FRE over 1:1
[10:06] {cosmo} plumbing terminology ese?
[10:07] {Threei} out 3K FRE 2.05, +.14
[10:07] {Threei} 2K left
[10:07] {magoo} dam.,.missed it..thats where we have discussed vad i need a second notice
[10:07] {Threei} offering 2.15, stop 1.99
06[10:07] * magoo slaps Threei around a bit with a large trout
[10:07] {Threei} huh?
[10:07] {magoo} [10:07] {magoo} dam.,.missed it..thats where we have discussed vad i need a second notice
[10:07] {Threei} it even had Geo's favorite flashing light
[10:08] {magoo} i was following others
[10:09] {GeoArb} thatnks vad
[10:09] {Threei} you got it geo?
[10:09] {GeoArb} will you be happy if i say yes?
[10:09] {Threei} hmmm... my natural inclination is to say I don't care... but that's just because I am generally mean
[10:09] {GeoArb} heheh
[10:09] {Threei} :)
[10:10] {hawkfan4} lol
[10:10] {GeoArb} i had it on my 2nd LII then got distracted
[10:10] {GeoArb} what i need is a buy stop
[10:10] {dino} been a distraction week here
[10:10] {Threei} what's the problem... you can have it
[10:10] {dino} should lock the door
[10:10] {GeoArb} how in laser?
[10:11] {Threei} OMS module
[10:11] {GeoArb} got it
[10:11] {GeoArb} you use that
[10:11] {GeoArb} ?
[10:11] {Threei} no
[10:11] {GeoArb} heh
[10:12] {esemde} cra....missed AMGN at .92
[10:12] {GeoArb} i am still aglow about GLD so life is all rosy
[10:12] {Threei} also, there is a module Stock Alerts
[10:12] {Threei} where you can set some kind of alert when your stock hits certain price
[10:13] {GeoArb} looking into it
[10:15] {magoo} yeah vcad.....but does his executions make the gun "click"sound like us?
[10:16] {GeoArb} i have that for a few month now
[10:16] {GeoArb} and its a shutter click
[10:17] {magoo} no its not..its a gun click..u got the wrong one then {he he}
[10:17] {Threei} BAILOUT PACKAGE DRAFT HAS NOW ESTABLISHED A FINANCIAL STABILITY BOARD - CNBC
[10:17] {GeoArb} heheh
[10:17] {dino} sometimes it sounds like a drive by shooting at magoo's office
[10:17] {GeoArb} whats up wit osk?
[10:17] {magoo} roflol
[10:18] {hawkfan4} 26-Sep-08 10:10 ET In Play Oshkosh Truck announces improved EPS and debt reduction expectations for Q4 (9.47 -0.02) : Co announces that it expects to report EPS for its Q4 at or above the higher end of its previously announced EPS estimate range of $0.50-0.65 (vs $0.59 First Call consensus)
[10:18] {GeoArb} nice jump
[10:18] {GeoArb} sudden but nice
[10:19] {Threei} just played with Stock Alert Module
[10:19] {Threei} it works
[10:19] {GeoArb} so whats the gtilink mod vad?
[10:19] {Threei} no idea
[10:20] {GeoArb} how does the stock alert work.... right or left click not working for me
[10:20] {GeoArb} mas OSK
[10:20] {Threei} while window is highlighted, click button Properties
[10:21] {Threei} row under main menu, 4th from the right
[10:21] {GeoArb} got it
[10:21] {GeoArb} TY
[10:23] {GeoArb} tch tch
[10:23] {GeoArb} cant short osk
[10:24] {GeoArb} anyone else?
[10:25] {Threei} RIMM
[10:25] {Threei} .50 break long
[10:26] {Threei} too deep dive
[10:26] {Threei} invalidated as break
[10:27] {magoo} was that 74.50?
[10:27] {Threei} (CA) CANADIAN MINT REPORTEDLY NOT PLANNING ON SUSPENSION OF GOLD BULLION SALES IN LIGHT OF RECENT INCREASED DEMAND
[10:27] {Threei} {USD/CAD GLD}
[10:27] {dino} rimm sm l .34
[10:27] {Threei} hmmm
[10:27] {magoo} 10:25] {Threei} .50 break long
[10:27] {magoo} [10:26] {Threei} too deep dive
[10:33] {Threei} FRE
[10:33] {Threei} TO SELL $1B OF 3-MONTH AND $1B OF 6-MONTH BILLS
[10:34] {dino} seems liquidity is easing, fre, jpm, etc
[10:35] {Threei} US AND RUSSIA HAVE REACHED AN AGREEMENT ON A NEW UN RESOLUTION ON IRAN - UK ENVOY
[10:38] {dino} rimm stopped -.50
[10:45] {Threei} nothing is moving really
[10:46] {cosmo} IDEV ?
[10:46] {cosmo} 3.80 hod
[10:46] {Threei} yeah... FDA approval earlier
[10:54] {GeoArb} any comment on sjm vad?
[10:54] {Threei} .50 would be nice long trigger if not those sudden drops
[10:55] {Threei} 10:40 and 10:53
[10:55] {Threei} capable of nasty shakeouts
[10:55] {GeoArb} yeah a bit nasty
[10:55] {dino} dji wants green
[10:56] {dino} there
[10:56] {Threei} Sen reid on TV
[10:56] {Threei} "we are going to get it done"
[10:56] {Threei} that was the spike
[10:57] {Threei} US SENATOR REID: RESCUE BILL WILL BE FINISHED AND WILL REMAIN IN SESSION AS LONG AS NECESSARY
[10:57] {Threei} {XLF}
[10:57] {Chaeron} Good morning everybody...
[10:57] {Threei} chaeron :)
[10:58] {GeoArb} ahh chaeron you missed a killer fre play
[10:58] {Chaeron} w00h00!... I mean WaMu!... I mean... doh!
[10:58] {GeoArb} (you and everybody)
[10:58] {Chaeron} dang... ok, what's next Geo?
[10:58] {Threei} I don't know how you manage to miss it... color alert, slow stock, alerted well in advance
[10:58] {dino} nwpx
[10:59] {GeoArb} howabout flying to la and a slap on the head?
[10:59] {Chaeron} can just drive there in 45 min
06[10:59] * Chaeron slaps GeoArb around a bit with a large trout
[10:59] {GeoArb} hehehe
[10:59] {esemde} hmmm just reading about RIMM....I knew it was a Canadian company to start with but I didn't realise they were still based in Waterloo Ontario.....thought they had moved to the US.
[11:00] {dino} us exchange
[11:00] {esemde} sure is taking a bru...all beating today
[11:01] {dino} yeah, and to think only growing at a 77% rate
[11:01] {GeoArb} lets call it the goog phone effect
[11:01] {esemde} ya net income jumped up 72% 2nd qtr
[11:02] {cosmo} IDEV may test 3.80...soon. needs to hold 3.50
[11:02] {dino} this market is just screwed up
[11:04] {hawkfan4} wondering if shorts will cover not wanting to be short going into the weekend with the deal announcement hanging out there
[11:04] {Threei} didn't happen yesterday on the close
[11:05] {Threei} HOUSE REPUBLICAN LEADER BOEHNER HAS REPORTEDLY NAMED ROY BLUNT AS MAIN NEGOTIATOR IN RESCUE PACKAGE TALKS
[11:05] {hawkfan4} true
[11:08] {dino} yippie
[11:08] {Threei} REPORTEDLY HOUSE REPUBLICANS HAVE AGREED TO NEGOTIATE OVER THE RESCUE PLAN
[11:08] {Threei} here we go again
[11:08] {Threei} reportedly deal is close
[11:08] {Threei} reportedly no deal is close
[11:08] {dino} bounce 300 up
[11:09] {dino} down 300
[11:09] {dino} rep[ortedly they don't know
[11:10] {dino} pins and needles
[11:10] {dino} needles and pins
[11:10] {dino} the happy man
[11:10] {dino} is the man that grins
[11:10] {Chaeron} wish I was a Congressman... "ok guys, lets go long the market and release that we're really, really close to a deal... then we'll sell and go short and say someone screwed up the deal and have to start over..."
[11:11] {Threei} you are such cynic
06[11:11] * dino slaps Chaeron around a bit with a large trout
[11:11] {Chaeron} been called worse :)
[11:11] {magoo} just remember this.............the ealry bird may indeed get the worm.....BUT, the second mouse always gets the cheese
[11:11] {Chaeron} now coming from dino, that hurt :)
[11:11] {Threei} and that worm is often planted for the bird by hawk
[11:12] {Threei} SEC'S COX: ANNOUNCES END OF CONSOLIDATED SUPERVISED ENTITIES (CSE) PROGRAM FOR BANKS
[11:12] {Threei} hmm?
[11:12] {dino} you always have to bring hawk in
[11:12] {Threei} I need translation
[11:12] {Threei} lol
[11:12] {dino} read: it did not work, ditch it
[11:13] {Threei} I don't even know what that was before they ended it
[11:13] {Threei} so I guess no need to learn now, right?
[11:13] {dino} relative employment agency
[11:19] {hawkfan4} house republicans coming back to the table at 11:30 et cnbc
[11:19] {Threei} lol
[11:19] {Threei} so what
[11:19] {Threei} they'll just disagree again
[11:19] {Threei} then agree
[11:20] {Threei} then disagree
[11:20] {hawkfan4} washington dc's flying circus
[11:20] {Threei} unfrikinbelieavble
[11:20] {Threei} and I hope I spelled it ereight, before peter has heart attack
[11:20] {GeoArb} wEIrd
[11:21] {Threei} he is somewhat wierd this way, yeah :)
[11:21] {Threei} oops
[11:21] {Threei} sorry... I did spell it right this time
[11:21] {Threei} ugh... trying againb
[11:21] {Threei} did NOT
[11:23] {Chaeron} "I before E except after C, unless it's weird..."
[11:24] {Threei} great... now I don't know receive or recieve
[11:26] {Threei} in case you really wondered:
[11:26] {Threei} MCCAIN WILL PARTICIPATE IN TONIGHTS DEBATE IN MISSISSIPPI - AIDE
[11:28] {GeoArb} that wasnt too smooth
[11:28] {dino} must mean deal is done
[11:30] {Threei} or hope to get it done is lost
[11:32] {dino} hmmm, didn't think of that.
[11:35] {Chaeron} and you call me a cynic
[11:36] {esemde} otta here have a great weekend everyone....
[11:36] {Chaeron} bye ese!
[11:36] {esemde} CCCCHHH baby!!!!see ya
[11:36] {Threei} take care ese
[11:36] {Chaeron} lol
[11:36] {esemde} see ya vad
[11:47] {Threei} WHITE HOUSE: NO REASON TO BELIEVE A BAILOUT DEAL CAN NOT BE FINISHED BY MONDAY
[11:48] {magoo} mccain back on for debate tonite..makes me think deal is done
[11:48] {Chaeron} [08:28] {Threei} or hope to get it done is lost
[11:49] {Threei} now tell me,
[11:49] {Threei} is it any wonder magoo is missing my calls?
[11:49] {dino} lol
[11:49] {magoo} u know..dino sent me on lunch run
[11:49] {magoo} just got back
[11:49] {Chaeron} my point exaclty
[11:50] {magoo} he buy if i fly
[11:51] {dino} pretty good hero
[11:51] {Threei} US HOUSE REPORTEDLY APPROVES TAX CREDITS FOR WIND AND SOLAR COMPANIES
[11:52] {dino} yesterday wasn;t that
[11:54] {peterg} allright im back and see you have been talking about me and my efforts to improve your characdters via spelling.
[11:54] {peterg} i have an agreement in principle with geo to cease and desist....maybe
[11:55] {Threei} just so you know what you are up against, peter
[11:55] {Threei} raven tried for many years
[11:55] {Chaeron} now, he's silent s a ninja
[11:56] {Threei} tghe only result is, his spelling became a bit, ummm
[11:56] {GeoArb} i could use dragon dictate but my accent will make it worse :)
[11:56] {peterg} well, the spelling impulse dies a slow and painful death before freedom is achieved
[11:58] {magoo} wierd peter
[11:59] {GeoArb} i have decided not to use 1 or e
[11:59] {GeoArb} word
[11:59] {Threei} amazing how narrowly locked market is
[12:00] {peterg} wrd
[12:00] {peterg} the market is wrd--back in hr
[12:12] {Raven} hopeless
[12:13] {Threei} true
[12:14] {Chaeron} hi Raven... good to see you aain
[12:14] {Chaeron} again
[12:14] {Raven} Chaeron :)
[12:14] {Threei} REP HOYER: HOPEFUL THAT THERE WILL BE AN AGREEMENT "BY THE END OF THE WEEKEND" - CNBC INTERVIEW
[12:14] {Threei} - Clarifies that he hopes to reach agreement by "Sunday at 6pm" EST
[12:15] {Threei} don't you hate it... they reach agreement over weekend, we face huge gap
[12:15] {Chaeron} ok... everyone pack up... we're done here for the day
[12:15] {Threei} rendering things untradeable
[12:15] {Threei} at least at the open
[12:16] {Raven} just hold over the weekend and get the benefit of the gap
[12:16] {Raven} only decision is long or short
[12:17] {Threei} there you go :)
[12:17] {Raven} refer any questions to Chaeron ...
[12:17] {Threei} you bet on agreement, and they don't reach it
[12:17] {Threei} Dow opens 3K lower
[12:18] {Chaeron} thanks Raven }{
[12:18] {Raven} np
[12:18] {Threei} chart wise, QID is buy on 53 break
[12:18] {Threei} how reliable it is...
[12:19] {GeoArb} nice firm call vad hehehe
[12:19] {Threei} who knows
[12:20] {Raven} cosmo knows
[12:20] {Threei} - A second economic stimulus bill would not help the economy. The best way to stimulate the economy is to pass the rescue passage.
[12:23] {Raven} well, this is boring ... think I'll take a shower ... sweaty hike today ...
[12:30] {Threei} A $56B ECONOMIC STIMULUS PACKAGE FAILS TO PASS THE US SENATE
[12:30] {Threei} good
[12:31] {Chaeron} good it didn't pass or that Raven's taking a shower?
[12:31] {Threei} lol
[12:42] {Threei} SENATOR GREGG: CONGRESS MUST STAY IN SESSION UNTIL A DEAL IS DONE ON THE FINANCIAL RESCUE (GREGG IS THE LEAD NEGOTIATOR FOR SENATE REPUBLICANS ON THE BAILOUT BILL)
[12:42] {Threei} - Senator minority leader McConnell: both presidential candidates agree that something must be done to help restore confidence in the financial market{XLF}
[12:42] {Threei} something?
[12:42] {Threei} like, rain dance?
[12:43] {Threei} I mean, it took them how long to agree that something must be done?
[12:44] {Threei} do you have this feeling, as if you were being led by hand through the forest, blindfolded... and suddenly found out your leader was blind?
[12:45] {hawkfan4} definitely, so sad
[12:46] {GeoArb} i heard a great quote somewhere
[12:46] {GeoArb} the efficacy of a rain dance is all based on timing it right
[12:46] {Threei} lol
[12:48] {GeoArb} rimm orderly selling
[12:53] {hawkfan4} RIMM .86, stop .49 small
[12:53] {hawkfan4} .76
[12:55] {hawkfan4} 1/2 out
[12:56] {Threei} good one
[12:56] {hawkfan4} stop .99
[12:56] {hawkfan4} thx :)
[12:57] {dino} gj
[12:58] {hawkfan4} thx, out rest
[12:58] {hawkfan4} just a tad whippy out there
[12:58] {Threei} HOUSE MINORITY LEADER BOEHNER: CONGRESSIONAL NEGOTIATORS MUST CONSIDER REPUBLICAN PROPOSAL SERIOUSLY
[12:59] {GeoArb} what does that men?
[12:59] {GeoArb} mean
[12:59] {GeoArb} are dems negotiating among themselves again?
[13:02] {Threei} and we are happy why exactly?
[13:02] {hawkfan4} Boehner on tv talking about getting the deal done
[13:03] {Threei} then why are unhappy next second?
[13:04] {Threei} sorry... I know I am too curious
[13:04] {GeoArb} nice climb tdc
[13:05] {hawkfan4} sold off when he said that the republicans would not vote for a plan that uses tax money to bail out wall street, or something to that effect. Protecting the american taxpayers stuff
[13:06] {Threei} amazing... market tries to decode every word
[13:11] {Threei} IBKR
[13:11] {hawkfan4} 13:10 IBKR Interactive Brokers trading halted - news pending (20.42 )
[13:11] {Threei} HALTED: NEWS PENDING
[13:12] {Threei} hmmm
[13:12] {Threei} buyout? or problems?
[13:12] {GeoArb} noooooooooooooo
[13:12] {GeoArb} my money sniff
[13:12] {hawkfan4} uh oh, i pray for buyout
[13:12] {Threei} really hope it's a buyout
[13:12] {GeoArb} nah i am good
[13:12] {Threei} hat would boost markets greatly
[13:12] {GeoArb} wayyyy beneath sipc
[13:12] {Threei} any kind of problems surfaced there will be real killer
[13:14] {Threei} if it's a good news and it opens up, AMTD and ETFC are likely sympathy plays
[13:23] {cosmo} ETFC hod = 3.47
[13:23] {cosmo} just in case...
[13:24] {hawkfan4} 13:24 IBKR Interactive Brokers announces preliminary financial estimates for the quarter, sees Q3 EPS of $0.55-0.65 vs $0.47 First Call consensus; approves share repurchase program of up to 8 mln shares (14.80 -0.47) -Update-
[13:25] {Threei} how does this warrant halt?
[13:25] {Threei} quite trivial
[13:25] {GeoArb} your source hawk?
[13:25] {hawkfan4} briefing.com
[13:25] {GeoArb} TY
[13:25] {GeoArb} how much is briefing nowadays?
[13:25] {cosmo} its the season....
[13:25] {Chaeron} geeesh...
[13:26] {GeoArb} thats the once chaeron
[13:26] {GeoArb} one
[13:27] {hawkfan4} 300 / year geo
[13:27] {GeoArb} not bad at all
[13:27] {GeoArb} any reason for preference over TTN?
[13:27] {hawkfan4} nah, didn't know about ttn when i got it
[13:27] {GeoArb} oh ok
[13:28] {hawkfan4} TTN ususally gets things out faster than briefing though. Vad's ususally got stuff before i do
[13:29] {GeoArb} i tried briefing trader once and compared to briefing platinum
[13:29] {GeoArb} trader is a few mins faster... i thought that wasnt right
[13:29] {cosmo} platinum plans arnt what they used to be
[13:30] {GeoArb} heh
[13:30] {GeoArb} still halted
[13:32] {Threei} my guess is, there was so little reason to halt it in a forst place, they just forgot to unhalt it now
[13:32] {GeoArb} lol
[13:36] {GeoArb} what?????? chaeron did you know this?
[13:36] {GeoArb} http://www.msnbc.msn.com/id/26893010/
[13:39] {Chaeron} no... dang....
[13:39] {GeoArb} thats just *&^^&*& up
[13:41] {GeoArb} anyone knows how to open a genesis account thru dubai?
[13:42] {Threei} huh?
[13:42] {GeoArb} no taxes
[13:42] {Threei} lol
[13:42] {GeoArb} so i called my local congressman's house about a tree root that has water standing on my road....
[13:42] {GeoArb} they calculated and told me I am in line for 2010
[13:43] {GeoArb} well his office
[13:43] {GeoArb} i pay 8k a year in property taxes.......
[13:43] {GeoArb} sheesh
[13:44] {Chaeron} cmon down to OC Geo, we'll have a blast
[13:44] {GeoArb} less taxes there?
[13:44] {GeoArb} :)
[13:44] {Chaeron} than LA? yup
[13:44] {GeoArb} cant move yet... wife works in westlake village
[13:44] {Chaeron} and cheaper gas and more
[13:45] {GeoArb} the commute will kill her
[13:45] {GeoArb} i plan too.....i hate the valley
[13:45] {GeoArb} p.s. ill move to dcc and stop polluting the main room
[13:47] {GeoArb} chaeron dcced
[13:50] {GeoArb} ibkr back
[13:50] {GeoArb} 3.5 jump
[13:50] {Threei} watch if AMTD shows following
[13:57] {Threei} nah
[13:57] {Threei} didn't even try to return to day high
[13:58] {Threei} who said where what again?
[14:00] {magoo} are we in anything?
[14:00] {GeoArb} i am in wcrx
[14:00] {Threei} yes
[14:00] {GeoArb} .8 break
[14:00] {Threei} in deep coma
[14:02] {GeoArb} wrcx stalled :(
[14:11] {Threei} some life should appear close to eod I'd think
[14:12] {magoo} vad..THE ?
[14:12] {GeoArb} sheesh there is no THE stock
[14:12] {Threei} really no idea at this point
[14:12] {Onix} "they" stopped short selling the other day, did "they" forbid all trading now?
[14:13] {Threei} lol
[14:13] {Threei} sure feels like that
[14:13] {magoo} gun to head vad
[14:13] {Threei} ok... up
[14:13] {Threei} SEC STATE RICE: A NEW UN RESOLUTION ON IRAN WILL SEND SIGNAL THAT THE WESTERN POWERS ARE UNITED
[14:17] {Threei} WB active
[14:20] {Chaeron} .35 long?
[14:21] {Threei} nah
[14:21] {Threei} I'd prefer pullback
[14:22] {Threei} deeper selloff and entry for bounce
[14:34] {GeoArb} not again
[14:35] {GeoArb} YHOO Ticking higher on takeover chatter circulating (related TWX )
[14:36] {GeoArb} YHOO Ticking higher on takeover chatter circulating (related TWX )
[14:36] {GeoArb} YHOO Ticking higher on takeover chatter circulating again
[14:36] {GeoArb} - Venturebeat.com reports MSFT may seek to buy a combined Yahoo and AOL if Yahoo absorbs AOL (related TWX )
[14:36] {GeoArb} sorry
[14:52] {Threei} here comes deeper selling on WB
[14:58] {Threei} somweone should tell Moddy that WM is no more
[14:58] {Threei} they ay stop rating them
[15:03] {Threei} maybe little but still consolation: just imagine how active Monady is going to be
[15:03] {GeoArb} vad... tell us a joke pls
[15:03] {Threei} huh?
[15:03] {GeoArb} then i know i am still connected in the room
[15:03] {GeoArb} :)
[15:03] {Threei} I don't even know what that word means
[15:04] {Threei} WB
[15:04] {GeoArb} wrd
[15:04] {Threei} new low is likely
[15:04] {Threei} and oanic selloff
[15:04] {Threei} panic too
[15:06] {Threei} here we go
[15:07] {GeoArb} so ummm how does this happen without short selling
[15:07] {Threei} one more leg down
[15:07] {Threei} desirably under 8
[15:09] {magoo} u in?
[15:10] {Threei} this is not a play that can be called in time
[15:10] {Threei} trades too fast
[15:11] {Threei} you get a feel for a bounce or stay away
[15:13] {Threei} all I can do on this kind is to give a general idea of a play
[15:14] {magoo} yup
[15:15] {Threei} the way WB trades makes you think it's being perceived as next WM
[15:15] {Threei} peter... did I spell that one right?
[15:16] {Threei} hey, look who popped up:
[15:16] {Threei} FORMER FED CHAIR GREENSPAN: URGING IMMEDIATE ACTION ON FINANCIAL TURMOIL, ASSET PURCHASES DO IN ACTUALITY WORK, GOVT ONLY SOLUTION TO PROBLEM
[15:16] {Threei} {XLF}
[15:16] {Onix} ty for WB Vad, i went in & out quick-like for 34c
[15:16] {Threei} cool beans Onix
[15:16] {GeoArb} long or short onix?
[15:16] {Threei} can I have a hummer for whack-a-mole?
[15:16] {Onix} long
[15:17] {Threei} ever Greenspan appearance makes me feel like whacking his head as soon as it appears from the hole
[15:17] {Threei} what short geo...
[15:17] {Threei} it's ON THE LIST
[15:17] {GeoArb} ooooh
[15:17] {GeoArb} sorry
[15:17] {GeoArb} the list to go belly up?
[15:17] {Threei} pretty much
[15:18] {GeoArb} maaan i want so good miso ramen right now
[15:18] {GeoArb} sudden urge
[15:18] {Threei} isn't the way they trade over last week the best proof that shorts do not cause downward pressure
[15:18] {GeoArb} oil basing on high
[15:19] {Threei} can't believe they stoop that low to show public that they do something
[15:19] {Threei} because it's impossible for me to believe that they don't understand market mechanics to such degree
[15:20] {GeoArb} have you met em vaD?
[15:20] {GeoArb} internet is a series of tubes
[15:20] {Threei} what does internet have to do with it?
[15:20] {Threei} decision is made by SEC
[15:21] {GeoArb} i meant politicians and the kinda comments they make
[15:21] {Threei} apparently under prerssure from govt
[15:21] {GeoArb} heard the latest from democraps...ooops
[15:21] {GeoArb} they want a transaction tax per trade
[15:22] {Threei} yeah
[15:22] {Threei} another bunch of bright bulbs
[15:22] {magoo} ptretty good spike here
[15:25] {magoo} petty good spike here i say
[15:25] {dino} what are you trying to say
[15:26] {Threei} I am really interested to find out what magoo thinks of spike here
[15:26] {dino} he thinks its' petty
[15:27] {magoo} ching ching
[15:30] {GeoArb} so ijust got a pic of vads office
[15:30] {GeoArb} :D
[15:30] {GeoArb} http://www.elitetrader.com/vb/showthread.php?s=&threadid=113476&perpage=40&pagenumber=3
[15:30] {GeoArb} at the end
[15:33] {Threei} nah, this one is more current:
[15:33] {Threei} http://realitytrader.com/vad/h.jpg
[15:33] {GeoArb} not the commode one !!!!
[15:33] {GeoArb} yyup
[15:33] {magoo} similar to pic u have of my home vad lol
[15:35] {hawkfan4} that would probably be a good office chair to have monday if they don't pass this bill over the weekend
[15:35] {Threei} no kidding
[15:35] {GeoArb} i am gonna have an extra pair of drawers for monday just in case
[15:35] {Threei} 'and pampers
[15:36] {GeoArb} ummmmm vad what are drawers?
[15:37] {Threei} is it a trick question?
[15:37] {GeoArb} just wondering if we have a lost in translation moment here
[15:38] {Threei} frequent situation with me
[15:41] {Threei} look at FED
[15:41] {hawkfan4} yikes
[15:43] {Threei} no shorts eh?
[15:45] {magoo} oh..um..ptretty good spike here
[15:48] {magoo} vad..u working monday?
[15:48] {Threei} working?
[15:48] {Threei} you are kidding
[15:49] {magoo} in here
[15:49] {Threei} it's pure unadultered fun
[15:49] {magoo} u had fun today?
[15:49] {Threei} hey... I made money
[15:49] {Threei} how is it not fun
[15:49] {magoo} me too
[15:49] {peterg} ditto
[15:49] {magoo} well..i worked hard for mine
[15:49] {Threei} why do you ask about monday?
[15:50] {magoo} rosh hash
[15:50] {Threei} is it some canadian holiday I don't know about?
[15:50] {peterg} roshashana
[15:50] {Threei} oh
[15:50] {Threei} got it
[15:50] {peterg} jewish ny
[15:50] {Threei} yeah
[15:50] {Threei} well... show you how observant I am
[15:50] {Threei} lol
[15:50] {magoo} well..observe thissssssssss
06[15:51] * magoo slaps Threei around a bit with a large trout
[15:51] {cosmo} dont you sell on that day?
[15:51] {Threei} no idea
[15:51] {cosmo} no.... buy...?
[15:51] {magoo} like sell rosh and buy hanuka correct?
[15:51] {cosmo} something...
[15:51] {Threei} WB
[15:51] {Threei} CEO SENDS MEMO TO STAFF
[15:51] {magoo} OH OH
[15:52] {Threei} huh?
[15:52] {Threei} and memo says what?
[15:52] {magoo} lions and tigers and bears..oh my
[15:52] {cosmo} have a nice weekend?
[15:52] {magoo} u 2 bud
[15:52] {Threei} and don't forget to clean up your desks?
[15:54] {peterg} aapl spike \
[15:55] {Threei} CEO REPORTEDLY SENDS A MEMO TO EMPLOYEES, OPTIMISTIC ABOUT US ACTIONS TO ASSIST MARKETS
[15:55] {Threei} - Remarks on Wamu, noting its resolution was 'smooth'
[15:55] {Threei} uh oh
[15:55] {peterg} ?
[15:56] {Threei} well, wamu may have been not the worst turn of events for employees
[15:56] {Threei} but for shareholders, not so much
[15:58] {Threei} mags
[15:58] {magoo} yes
[15:58] {Threei} notice, even uunder gun at my head, I answered your THE ? correctly
[15:59] {magoo} u know..thats why i ask..and i used the info to make some cake
[15:59] {Threei} WB in talks with Citigroup
[15:59] {magoo} so..always answer seriously...i tend to use it into bell
[16:00] {Threei} Ok guys, thank you all
[16:00] {Threei} have a good weekend
[16:00] {Threei} see you all for a very interesting Monday
[16:00] {peterg} thanks, see you mondaday
[16:00] {hawkfan4} cya all
[16:01] {dptl} have a good weekend all
[16:01] {dino} popping
[16:01] {dino} wb

Sep 25 2008

Session Time: Thu Sep 25 00:00:00 2008

[08:20] {magoo} morning
[08:20] {Threei} Good morning
[08:21] {magoo} eriely quiet this morn
[08:21] {Threei} where?
[08:22] {magoo} mkts?
[08:22] {hawkfan4} good morning
[08:23] {Threei} hawk :)
[08:23] {magoo} MS moving
[08:23] {magoo} morn hawkster
[08:23] {Threei} FRE is too
[08:23] {hawkfan4} morn mags :)
[08:24] {magoo} rep kanjorsky on cnbc..basically a done deal
[08:25] {Threei} I just don't see how they can kill it
[08:25] {Threei} plunge USA and world into depression?
[08:25] {magoo} risk is great on short side ramp
[08:26] {magoo} friday..aapl reversed 11 points
[08:26] {magoo} bidu reversed 65 points
[08:26] {Threei} if you watched Pres address yesterday... how did it go?
[08:27] {hawkfan4} geesh. i don't think i traded BIDU all year. last year was my #1 stock
[08:27] {Threei} well, are you better or worse for abandoning it?
[08:28] {magoo} i did not
[08:28] {hawkfan4} like everything else, just lost it's readability for me
[08:28] {magoo} i actually been playing it everyday for the month of sept
[08:29] {magoo} im making good $$ on it...yesterday made 1700 on it
[08:29] {hawkfan4} i watched, i thought for president knucklehead it was a decent speech. he explained things pretty well, didn't sugarcoat anything
[08:29] {magoo} but ive found..can only take max 200 shares to avoid the rinse
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 493K V 450KE;
[08:30] {Threei} CONTINUING CLAIMS: 3.542M V 3.510ME
[08:30] {Threei} - Prior Initial Jobless Claims from 455K to 461K
[08:30] {Threei} - Prior Continuing Claims revised from 3.478M to 3.479M
[08:30] {magoo} and if it goes bad best to cut no more than 400 down..look to catch bounce much much lower or short..gotta be real fast..lay out exits
[08:31] {Threei} AUG DURABLE GOODS ORDERS: -4.5% V -1.9%E; EX-TRANSPORTATION: -3.0% V -0.5%E
[08:31] {Threei} - prior Durables revised from 1.3% to 0.8%
[08:31] {Threei} - prior Ex Transportation revised from 0.7% to 0.1%
[08:31] {magoo} i mentioned it to vad yesterday...got an exit point higher than ever sww on lev 2
[08:31] {Threei} CSUN
[08:31] {Threei} SIGNS MONOCRYSTALLINE SUPPLY DEAL WITH WUXI GUOFEI
[08:31] {Threei} - Supplying Wuxi Guofei with 10 MW of monocrystalline cells each year, starting from 2009 through 2015, and China Sunergy will receive an advance payment after the signing of the Agreement.
[08:31] {Threei} - Financial terms were not disclosed.
[08:32] {hawkfan4} cool beans, nice mags. i'm gonna give it a look again. Futes up 16, aapl only up .30. wierd
[08:34] {magoo} careful with it hawk, taken me much time and $$ to play it....best to play off its extreemes too, as it sh high, look for bounce
[08:35] {magoo} it follows QQQQ somewhat
[08:36] {hawkfan4} ah, ok. i used to play it 100-300 shrs max. usually 100. crazy spready mover.
[08:38] {hawkfan4} vad, do you ever trade the futures anymore?
[08:39] {Threei} not really
[08:40] {Threei} QID sometimes, as a proxy
[08:44] {Threei} http://www.telegraph.co.uk/news/worldnews/europe/russia/3074454/Russia-to-ban-Simpsons-and-South-Park.html
[08:44] {Threei} The move comes as MPs are also considering the compulsory introduction of patriotism classes in all Russian schools.
[08:45] {hawkfan4} oh boy
[08:45] {hawkfan4} now if they ban Family Guy, that's when we're in big trouble
[08:47] {Threei} well...
[08:47] {Threei} Prosecutors also alleged, without elaborating, that The Simpsons and Family Guy violate the rights of children.
[08:47] {Threei} there you go :)
[08:47] {magoo} they better not ban the new 90210
[08:48] {hawkfan4} lol
[08:48] {magoo} embarerased to admit..thats what i watched instead of dubya
[08:48] {hawkfan4} i need the diet plan that those girls are on
[08:50] {magoo} i just wish girls looked and dressed like that when i was 18
[08:53] {hawkfan4} FRE/FNM nice pullbacks
[08:55] {esemde} morning......
[08:55] {Threei} ese :)
[08:56] {magoo} es
[08:57] {esemde} just trying to get a sense of the conversation....whats this about the simpsons and Russia
[08:58] {hawkfan4} [07:44] {Threei} http://www.telegraph.co.uk/news/worldnews/europe/russia/3074454/Russia-to-ban-Simpsons-and-South-Park.html
[08:59] {cosmo} TMTA pre mkt high = 17 fwiw
[08:59] {fernp} Good morning all
[09:00] {Threei} fern :)
[09:00] {Onix} Good morning pilgrims
[09:00] {Threei} they are looking to sell, coosmo
[09:00] {Threei} Onix :)
[09:01] {cosmo} oh
[09:01] {Threei} signed two agreements with Intel
[09:01] {Threei} probable suitor I'd think
[09:02] {magoo} onix:)
[09:02] {cosmo} sell to their customer....makes sense
[09:05] {Threei} (FR) FRENCH ECONOMY MIN LAGARDE: ALL EU COUNTRIES WILL BE AFFECTED BY THE US FINANCIAL CRISIS
[09:06] {Threei} I have one question to both pres candidates: who the hell would want this job NOW?
[09:06] {cosmo} mel gibson?
[09:09] {dino} gm all
[09:10] {Threei} dino :)
[09:11] {magoo} vad, does this russian ban mean that homer, bart and family cannot travel to russia?
[09:11] {Threei} I guess
[09:12] {magoo} heres the scenario....everyone expects BIG ramp up if releif is approved...is that too obvios...OR, is it self fullfilling?
[09:13] {magoo} package approved and mkt goes down hatrd would hurt the most
[09:13] {magoo} but, mkt down already as in oversold
[09:13] {Threei} hmmm... where were you two days ago?
[09:13] {magoo} huh?
[09:13] {dino} last thursday and friday big ramp, +700 give or take, give all back this week so far. it is thursday again. watch dji 11483-10,400, new range
[09:14] {Threei} [08:34] {Threei} let me describe how I see the current situation in the market and my idea of what is coming
[09:14] {Threei} [08:34] {Threei} I believe the market is working the process of bottoming these days. Bottom, however, is a process rather than event.
[09:14] {Threei} [08:34] {Threei} In last week's explosion market kind of showed its hand - made it too obvious that rescue plan is what it wants to put the bottom in and reverse.
[09:14] {Threei} [08:35] {Threei} Things can't be that obvious and easy - market is always trying to go with as few people on board as possible.
[09:14] {Threei} [08:35] {Threei} When I ask myself "if I were a market, what would I do to fool those who decided they figured me out?", my scenario comes out as following:
[09:14] {dino} sell the rips
[09:14] {Threei} [08:35] {Threei} 1. While the rescue plan is being discussed, retreat and plant as much doubt as possible
[09:14] {Threei} [08:35] {Threei} 2. When the plan is adopted, spike briefly luring "reflexive players" in
[09:14] {Threei} [08:35] {Threei} 3. Drop sharply, possible making new low, shake out hopefuls as violently and rudely as possible
[09:14] {Threei} [08:36] {Threei} 4. Rally from there as fast as posssible, leaving new believers minimal chance for entry and make them chase.
[09:14] {Threei} [08:36] {Threei} 5. Now that credit crisis ceased to be THE worry, start looking for new worries or recycling old ones (USD, oil etc), but do it in a context of new bull market.
[09:14] {Threei} and guess what... you were right there:
[09:14] {Threei} [08:40] {magoo} interesting vad
[09:15] {Threei} early onset of Alzheimer? :)
[09:15] {magoo} holy crap..after "huh" went for cup-o-joe and whammo
[09:15] {hawkfan4} lol
[09:17] {magoo} well, lets try to det more specific...approval ramp last more than one day?
[09:19] {dptl} good morning all
[09:19] {Threei} dp :)
[09:20] {Threei} as it stands now, I doubt it magoo
[09:20] {dino} thursday and fri, fri close 100 off peak, down big mon, tues......and there you have it
[09:20] {Threei} a lot depends on what happens between now and bailout being adopted
[09:20] {dino} thursday friday ramp big 600 pts combined
[09:21] {dino} watch 11483 for index shorts, imo
[09:21] {esemde} Thats an interesting paper Vad...The Telegraph...is it a rag or legit?
[09:22] {Threei} motly just news
[09:22] {Threei} mostly
[09:23] {magoo} so dino...a ramp tomorrow and next day friday
[09:24] {magoo} oh shit..todays thurs{thought it was wef}
[09:32] {Threei} CNBC'S LISEMAN: THE TOTAL BAILOUT PACKAGE WILL REMAIN AT $700B, HAS BEEN TALK OF SETTING ASIDE BANKRUPTCY PROVISIONS DEMANDED BY DEMOCRATS
[09:34] {Threei} Long Setup: MS half lot, .85 trigger if holding above .70
[09:35] {Threei} invalidated, bounce candidate under .50
[09:36] {Threei} don't be in a rush, let it stabilize to jump in
[09:36] {Threei} first strength from here
[09:37] {peterg} good morning; ok no simpsons in russia
[09:37] {Threei} ugh... and we can't short this
[09:37] {esemde} SQNM at .40 if it stays above .00
[09:37] {Threei} HOUSE MAJORITY LEADER HOYER: PASSAGE OF THE BAILOUT PACKAGE IS POSSIBLE IN THE NEAR TERM, "MAYBE TODAY"
[09:37] {Threei} hi peter
[09:38] {Threei} anyone caught MS?
[09:38] {magoo} missed
[09:38] {Threei} me too
[09:38] {esemde} long SQNM .43
[09:39] {Onix} in @.69 sold @.86 ty
[09:39] {Threei} :)
[09:39] {Threei} round 2 is coming
[09:39] {esemde} 3/4 lot
[09:40] {magoo} in .33
[09:40] {Threei} got .24
[09:40] {esemde} out SQNM .73 +.32
[09:40] {Threei} 24.24
[09:41] {esemde} Out .75 sorry
[09:41] {hawkfan4} nice es
[09:41] {esemde} tks
[09:41] {Threei} out +1
[09:41] {Threei} wtg ese
[09:41] {magoo} out .22
[09:41] {Onix} wtg!
[09:41] {magoo} almost point
[09:41] {esemde} Vad's even nicer
[09:41] {Threei} yup
[09:41] {magoo} TY
[09:41] {Threei} welcome sir
[09:41] {magoo} easy button
[09:42] {Threei} no way to call exact entry on such setups, either you get a feel for it or stay away
[09:42] {Threei} general idea is to let extreme selloff play itself out and jump on a first strength
[09:43] {dino} sm l amzn .30
[09:45] {magoo} might give us rd 3 vad
[09:45] {esemde} b stop L CTXS .01
[09:46] {Threei} mags, this time around I would rather play 24 break
[09:46] {Threei} if stays above 23.80
[09:47] {Threei} nice AMZN dino
[09:47] {magoo} in 04 vad
[09:47] {Threei} out half MS
[09:47] {magoo} out .23
[09:47] {Threei} stop to .95
[09:48] {magoo} full out
[09:48] {magoo} oops
[09:48] {Threei} offering balance at .55
[09:48] {magoo} reload near 24
[09:48] {Threei} "even if I am greedy, it's very sincere"
[09:49] {dino} out amzn .75, +.45
[09:50] {esemde} sincerely greedy......I like that in a trader.......good quality to have
[09:50] {magoo} dino greediest trader i know lol
[09:50] {Threei} stop to 24.09, no lose teritory
[09:50] {magoo} rubbing off on vad
[09:50] {esemde} I'll say!!
[09:50] {Threei} direct hit
[09:50] {hawkfan4} Vad, is there a way to create a script so that every time dino's name comes up i say good job?
[09:50] {Threei} a bit too soon
[09:51] {magoo} io gotta start hangin with ya longer
[09:51] {Threei} lol hawk
[09:51] {esemde} long CTXS .01
[09:51] {magoo} but..yrs and years of vad yelling "magoo...u out yet??magoo...get out!"
[09:51] {esemde} 1/2
[09:51] {dino} lol hawk
[09:51] {hawkfan4} :)
[09:51] {Threei} but I also tell you: if you feel strong momo, partial
[09:51] {Threei} don't get full out
[09:52] {esemde} stop .80
[09:52] {magoo} funny though..vad, my change
[09:53] {Threei} OK, I am officially an idiot
[09:53] {Threei} on first morning FRE dive under 2 got 5K at .98
[09:54] {Threei} sold 2.10
[09:54] {Threei} sigh
[09:55] {hawkfan4} i'm with you vad, kept FNM overnight from .81, and am still looking at my order to sell it at 2.29 that i never entered
[09:56] {Threei} well... your angle of idiocy is more profitable than mine
[09:56] {esemde} out CTXS .98 -.03
[09:56] {esemde} ....blasted phones ringin
[09:56] {hawkfan4} lol, i'm a slightly happier idiot
[09:57] {dino} pcln sm l .75
[09:58] {Threei} RIMM
[09:59] {dino} same here es, distractions
[09:59] {Threei} 98 break long
[09:59] {Threei} if stays above .80
[10:00] {Threei} AUG NEW HOME SALES: 460K V 510KE, -11% M/M
[10:00] {Threei} - prior revised from 515K to 520K
[10:01] {magoo} got rIMM .99
[10:02] {esemde} Ok back L Gild .75
[10:03] {esemde} 1/2, .60 stop
[10:03] {peterg} took my .18 from RIMM thanks
[10:03] {magoo} missed ,44 exit
[10:04] {magoo} stop .80 here
[10:04] {magoo} dammit
[10:05] {GeoArb} gm
[10:06] {magoo} good stop anyway
[10:06] {Threei} hi Geo
[10:06] {Threei} mags, yes, but
[10:06] {magoo} geo:)
[10:06] {Threei} firat, entry was somewhat compromized by losing .80,
[10:07] {magoo} well..itt worked..i saw .29
[10:07] {Threei} while it's a bit arbitrary, in a sense that it's not necessary makes entry forbidden,
[10:07] {magoo} judst petered out
[10:07] {Threei} it does call for quick exit
[10:07] {Threei} it went as high as .39
[10:07] {Threei} which is almost 1:2
[10:07] {magoo} i was out there .44
[10:07] {esemde} out GILD .96
[10:07] {esemde} + .21
[10:08] {Threei} wtg ese
[10:08] {peterg} Principia Tradiamos
[10:08] {esemde} tks.....
[10:08] {Threei} what happened?
[10:08] {esemde} who what whre?
[10:08] {magoo} huh?
[10:08] {Threei} market explosion
[10:08] {esemde} where?
[10:09] {Threei} ahh
[10:09] {Threei} CONGRESSMAN FRANK: HOUSE AND SENATE DEM'S HAVE AGREED ON A BILL, NOW NEGOTIATING WITH REPUBLICANS
[10:09] {Threei} but that's not the problem
[10:09] {esemde} oh ya...look at Gild
[10:09] {Threei} dems were agree to it
[10:09] {magoo} whatta we doooooooooooooooooooo
[10:09] {magoo} lol
[10:09] {Threei} it's reps who had most reservations
[10:09] {magoo} AAAAAHHHHHHHHHHHHHHHHHHH
[10:09] {magoo} HHHHHHHHELPPPPP
[10:09] {magoo} BY BUY BUY
[10:09] {Threei} there comes help:
06[10:09] * Threei slaps magoo around a bit with a large trout
[10:10] {magoo} ty vad..i NEEDE that
[10:10] {Threei} always
[10:10] {peterg} careful
[10:10] {esemde} mags your hot this morning baby!!!!!hot!!!!
[10:10] {peterg} its a jungle out there
[10:10] {magoo} i am
[10:10] {peterg} remember vads theory; theyll sucker you in, then crush you
[10:11] {esemde} must be...
[10:11] {esemde} Vad just wacked you with a trout
[10:11] {magoo} i got real lucky..hit bidu 69.19 1 sec before xpllosion to exit 271.25
[10:11] {Threei} you all remember the plan for bailout pass, right?
[10:11] {magoo} HUH?
[10:11] {GeoArb} no
[10:11] {Threei} sigh
[10:12] {Threei} scroll up then
[10:12] {magoo} could u paste it??
[10:12] {peterg} Big Rinse Comin
[10:12] {Threei} 9:14
[10:12] {Threei} scroll up and don't make me work twice
[10:12] {GeoArb} replay doesnt go that far back :(
[10:12] {Threei} trice actually
[10:13] {Threei} grrr
[10:13] {Threei} go to trading log then
[10:13] {Threei} Sept 23
[10:13] {GeoArb} ok :( will do at end of day
[10:13] {GeoArb} heheheh ok
[10:14] {Threei} WHITE HOUSE ADVISOR LAZEAR: DON'T THINK THE DEAL IS DONE BUT WE ARE MAKING PROGRESS ON THE BAILOUT PACKAGE
[10:15] {Threei} - hopeful something can be announced shortly
[10:15] {esemde} is that driving the market
[10:15] {dino} it will be, grandstanding thats all
[10:16] {Threei} I think so too
[10:16] {Threei} no alternative
[10:16] {Threei} yes ese
[10:17] {dino} fwlt sm l .49, ilmn sm l .01
[10:18] {cosmo} CRAI healing ... i think
[10:18] {cosmo} spreads not friendly...
[10:18] {esemde} nice move by GILD up a buck from where i had gotten in
[10:19] {magoo} i hope announcement not afterhrs
[10:19] {magoo} BIG gap up hard to trade
[10:20] {magoo} CNBC news
[10:20] {dino} magoo afterhours ar bar
[10:23] {magoo} now thats deflationary dino
[10:24] {esemde} outta here all...am not liking tues and Thurs...see you tomorow
[10:24] {magoo} bye es:)
[10:24] {peterg} ese!
[10:24] {Threei} take care ese
[10:26] {Threei} REP. SHERMAN (D): IF THE BAILOUT BILL DOES NOT PASS THIS WEEKEND, IT WILL NOT LIKELY PASS IN ITS CURRENT FORM
[10:26] {GeoArb} not again!!!!!
[10:27] {GeoArb} YHOO Ticks to session highs on vague chatter of renewed talks with Microsoft
[10:27] {dino} out fwlt .13, +.65
[10:27] {fernp} gj dino
[10:28] {Onix} good one dino
[10:28] {dino} ty
[10:28] {Onix} i'm in ilmn @ .97
[10:29] {dino} ok, need a bit of irish luck
[10:30] {Threei} GM
[10:30] {Threei} ANNOUNCES $370 MILLION INVESTMENT FOR NEW SMALL ENGINE MANUFACTURING IN NORTH AMERICA
[10:30] {Threei} bigger and faster turns into smaller and slower
[10:30] {Threei} new paradigm
[10:30] {GeoArb} smaller and greener
[10:30] {GeoArb} marketing vad
[10:32] {GeoArb} whats up with gold...
[10:32] {GeoArb} tanking
[10:32] {Threei} good
[10:37] {Threei} US HOUSE REPUBLICAN LEADER BACHUS: HOUSE IS NOT CLOSE TO A DEAL ON THE RESCUE DEAL
[10:37] {Threei} rofl
[10:37] {magoo} crap..retarded
[10:37] {GeoArb} why do they have to keep making statements?
[10:37] {dino} they should all just shut up
[10:38] {GeoArb} thank you dino
[10:38] {Chaeron} you mean and concentrate on the matter at hand? you give them too much credit.... Good morning all
[10:38] {GeoArb} hey chaeron
[10:39] {dino} they already know the deal and the vote, just looking for free publicity
[10:39] {Chaeron} hi Geo
[10:39] {magoo} chairBROILbaby
[10:39] {Chaeron} heheh magoo :) gotten a Threei trout so far this morning?
[10:39] {magoo} i believe i have
[10:40] {magoo} have i vad?
[10:40] {Chaeron} here... have another -
[10:40] {Chaeron} haha... made you duck
[10:40] {GeoArb} tch tch
[10:40] {magoo} i was he he
[10:41] {magoo} im like"whats taking him so lomng?"
[10:43] {cosmo} CRAI cup&handle fyi
[10:43] {cosmo} 29.30 hod
[10:46] {dptl} got to go....have a good day all:)
[10:46] {Threei} take care dp
[10:46] {Threei} FRE just won't wuit
[10:46] {Threei} quit
[10:47] {Threei} Obama is speaking on CNN... global education fund
[10:48] {Threei} malaria community
[10:48] {Threei} very important topic right now
[10:48] {magoo} how does he know everything about everything?
[10:49] {GeoArb} he say the abyss and studied up i guess
[10:49] {GeoArb} single family food stamp child
[10:49] {GeoArb} lololol
[10:49] {GeoArb} not the answer i guess
[10:50] {Threei} ECB'S GONZALEZ PARAMO: GLOBAL ECONOMY NEGATIVELY AFFECTED BY THE RECENT FINANCIAL TURMOIL
[10:50] {Threei} no, really???
[10:50] {magoo} ya think?
[10:50] {dino} kids used to tease him and call him b.o.
[10:50] {GeoArb} hahahahahaha
[10:50] {hawkfan4} geesh, profound
[10:51] {Chaeron} my girlfriend went to school with him in HI... her brother too... THEY'RE not voting for him
[10:52] {GeoArb} too self obsessed?
[10:52] {Threei} US HOUSE PELOSI: PLEASED WITH PROGRESS ON RESCUE PLAN DISCUSSIONS
[10:52] {Threei} {XLF}
[10:52] {Threei} I am crying here
[10:52] {GeoArb} NQ flat
[10:52] {Chaeron} why, I said "Hawaii"?
[10:52] {GeoArb} GC flat
[10:52] {GeoArb} CL flat
[10:52] {dino} sndk drop
[10:52] {GeoArb} ZB flat
[10:52] {Threei} lol
[10:52] {Threei} that too chaeron
[10:53] {Threei} but mostly about this neverending barrage
[10:53] {Threei} deal is close - no deal is close
[10:54] {magoo} isnt that a tv show? deal or no deal?
[10:54] {Threei} that one is better
[10:54] {Threei} a lot of pretty girls in skimpy outfits
[10:54] {dino} wynn v sm l .65, wide jumpy
[10:54] {GeoArb} i feel brave today and will take metrolink to downtown
[10:55] {Chaeron} best of luck Geo
[10:55] {Threei} ABK maybe ready for some recovery
[10:55] {GeoArb} lol chaeron
[10:56] {GeoArb} bonds/gold/spy/oil
[10:56] {GeoArb} all flatlined
[10:58] {dino} ilmn stopped
[11:00] {Threei} ABK on the move
[11:00] {Threei} FRE too
[11:00] {magoo} wheres entry?
[11:00] {Threei} pullback only
[11:00] {Threei} too sharp spike
[11:01] {Threei} 3.35 - 3.40 area is closest support
[11:03] {Threei} sharp down FRE
[11:03] {Threei} another mouth opened wide on CNBC?
[11:04] {hawkfan4} don't think so
[11:05] {Threei} if you took ABK around .45, stop .34
[11:06] {dino} fwlt l .68
[11:14] {Threei} yikes FRE
[11:14] {Threei} now what?
[11:14] {Threei} reps say no deal?
[11:15] {Threei} or paulson opened case with 1 million?
[11:16] {magoo} vad, we should have a gasmeplan for what to do immediately if IF announce approval
[11:16] {magoo} like a stock list
[11:16] {Threei} US PRESIDENTIAL CANDIDATE OBAMA: PROGRESS HAS BEEN MADE ON TARP, DEAL MAY BE NEAR
[11:16] {Threei} - These comments echo those of House Speak Pelosi
[11:18] {Threei} techs are likely to benefit as a group, mags
[11:18] {magoo} shes whispering in his ear and giving him the wink wink
[11:18] {Threei} finniesa, not as a gropu... it's going to be selectively among them
[11:19] {Threei} MS is likely to benefit
[11:19] {Threei} speaking of MS
[11:19] {Threei} forms C&H
[11:19] {Threei} .30 breakout
[11:20] {Threei} if takes it, half lot long
[11:20] {hawkfan4} cnbc saying deal is close
[11:20] {Threei} HOUSE SPEAKER PELOSI: WHITE HOUSE HAS AGREED TO THE PRINICPAL DETAILS OF THE BAILOUT PLAN
[11:21] {peterg} Does that mean we're near a deal?
[11:21] {magoo} bush on cnbc
[11:21] {Threei} did White House ever object?
[11:22] {Threei} heck, it's their plan
[11:22] {Chaeron} frickin' posturing
[11:23] {Threei} stop under .10, MS
[11:24] {Threei} MS half out, scalpers take profit
[11:25] {Threei} stop to .25, offer the balance at .85
[11:30] {Threei} anyone?
[11:31] {magoo} sorry missed
[11:31] {GeoArb} missed :(
06[11:31] * Threei goes back to monastery
[11:33] {dino} bye bye bye bye bye
[11:35] {Threei} but of course:
[11:35] {Threei} REP. BOEHNER: NO BIPARTISAN BAILOUT DEAL HAS BEEN REACHED YET
[11:36] {hawkfan4} heh, u said Boehner
[11:36] {dino} obviously
[11:36] {dino} lol
[11:37] {dino} betcha barny frank likes him
[11:38] {hawkfan4} lol
[11:38] {GeoArb} tch tch
06[11:41] * Chaeron slaps dino around a bit with a large trout
[11:41] {Chaeron} that's a first... me slapping dino :)
[11:41] {magoo} hes gay correct?
06[11:41] * Chaeron slaps magoo around a bit with a large trout
[11:41] {magoo} he just seems like pigman
[11:41] {Chaeron} magoo... you been under a rock? And yes, Clay Aiken is gay too... ok? Caught up now?
[11:42] {magoo} dammm..clays gay??
[11:42] {Chaeron} roflol
[11:42] {GeoArb} no gaydar eh magoo?
[11:42] {magoo} next you'll tell me vads gay
[11:42] {Threei} how did I get dragged into your guttery discussions??
[11:43] {Chaeron} http://www.nytimes.com/2008/09/25/arts/television/25arts-CLAYAIKENOFI_BRF.html
[11:43] {Threei} I am in monastery for the last 12 min, remember?
[11:43] {magoo} cellabit?
[11:43] {Threei} hmmm
[11:43] {Chaeron} no he's long at the moment
[11:43] {magoo} can not spell that one lol
[11:43] {Threei} I am afraid I didn't think it through
[11:44] {GeoArb} "long"
06[11:44] * Chaeron slaps GeoArb around a bit with a large trout
[11:44] {Chaeron} :)
06[11:44] * magoo slaps GeoArb around a bit with a large trout
[11:44] {GeoArb} sheesh my trout isnt working
[11:44] {GeoArb} ok that was wrong
[11:45] {Chaeron} very
[11:45] {GeoArb} hmm no right click on mirc wierd
[11:45] {dino} lol
[11:45] {magoo} geo...u have anything that actually worx?
[11:45] {GeoArb} OKKKKKK
[11:45] {magoo} oh oh
[11:46] {Threei} OK... how did I get myself involved with you guys
[11:46] {GeoArb} sudden wierd spike
[11:46] {Threei} WHITE HOUSE: NOT CLEAR WHETHER OR NOT A TARP DEAL CAN BE REACHED BY 4PM, DEAL MAY BE REACHED AFTERWARDS, PROGRESS HAS BEEN MADE
[11:46] {Threei} - Note: The meeting between the White House and Congressional leaders is scheduled for around 4pmET.
[11:46] {peterg} haven
[11:46] {Chaeron} well, Vad, you put up a site and said "All misfits that want to make great $$$ apply here"
[11:46] {magoo} well..from past posts..we are a room of idiots..anrd u posted today you are such an idiot..do the marth
[11:47] {peterg} my influence is useless; everyone wants to spell weird wierd
[11:47] {Threei} chaeron... I never thought it wlould be taken that literally
[11:47] {Chaeron} I was first in line
[11:47] {magoo} second here
[11:47] {magoo} dino third
[11:48] {GeoArb} HEY
[11:48] {GeoArb} english is a foreign language for me
[11:48] {Threei} obviously no deal during market hours can be expected
[11:48] {magoo} we distracted geo..successfully avoided fish
[11:48] {GeoArb} i mean american
[11:48] {peterg} You, geo, you are the professor
[11:48] {Threei} not good from point of view of readable movements
[11:48] {Threei} let's diminish our expectations to scalps
[11:48] {peterg} what, r u aussie?
[11:48] {peterg} nz?
[11:48] {GeoArb} "south asian"
[11:49] {magoo} just what i posted vad...afterhours..big gap..not good
[11:49] {Threei} foreign? you are lucky geo, I don't know it at all
[11:49] {Threei} I type russian words in latin letters
[11:49] {peterg} we are all foreign
[11:49] {GeoArb} there are two languages... american and queniee
[11:49] {Threei} somwetimes people around pretend they understand
[11:49] {GeoArb} no one knows where english is
[11:50] {peterg} english be world tongue
[11:50] {GeoArb} (ok i made queenie up)
[11:50] {peterg} Im likin pijjen englsh
[11:50] {peterg} Love language in aruba
[11:50] {GeoArb} of course yo do peter
[11:51] {GeoArb} vad........
[11:51] {peterg} queenslaqnd austrailaiaiala
[11:51] {GeoArb} please may I make some money?
[11:51] {peterg} good idea
[11:51] {Threei} kscuse me
[11:51] {GeoArb} my scanners are frozen
[11:51] {Threei} you haven't yet?
[11:51] {GeoArb} i missed MS :(
[11:52] {Threei} how many calls did I make today and how many of them are worked?
[11:52] {GeoArb} was in late
[11:52] {GeoArb} :(
[11:52] {Threei} have worked
[11:52] {GeoArb} i apologize...
[11:52] {GeoArb} magoo say somethign !!!!!
[11:52] {Threei} nope... too late
06[11:52] * Threei slaps GeoArb around a bit with a large trout
[11:52] {GeoArb} no intervention at all
[11:56] {magoo} hows this??
06[11:56] * magoo slaps GeoArb around a bit with a large trout
[11:56] {magoo} brb
[11:56] {GeoArb} (wounded)
[11:56] {GeoArb} ok genuine Q
[11:57] {GeoArb} what do you guys do at times like this?
[11:57] {GeoArb} clip nails? brush teeth?
[11:57] {GeoArb} i am having trouble sitting on hands
[11:57] {GeoArb} specially the guys who dont post?
[11:58] {GeoArb} even dino not posting trades today
[11:59] {Chaeron} Magoo... dcc
[12:01] {dino} these big gap opens don't really fit my style geo. so i am heating up chicken wings
[12:02] {GeoArb} ok dino
[12:02] {peterg} got lots of alternatives in my office in downtown
[12:02] {GeoArb} like?
[12:02] {GeoArb} downtown where peter?
[12:02] {peterg} minneapolis
[12:02] {GeoArb} ok
[12:03] {peterg} read, do business,
[12:03] {GeoArb} ok so you dont trade exclusively
[12:04] {peterg} nope, not at all
[12:04] {peterg} cant
[12:04] {dino} real estate spec. and trading. they are out to put an end to me, a i am a speculator
[12:05] {GeoArb} yeah tough times right now
[12:05] {peterg} we want dino to live!
[12:05] {dino} lol
[12:06] {GeoArb} talking about speculations dcc pls dino
[12:06] {dino} ok
[12:08] {Threei} US CHAMBER OF COMMERCE: NOT CHANGING ECONOMIC FORECAST, STILL EXPECT A MILD RECESSION
[12:08] {Threei} hey, mild recession looks very rosy forecast at this point
[12:11] {magoo} back
[12:14] {Threei} you left?
[12:15] {dino} if he doesn't stop jumping around, i'm going to throw something
[12:15] {GeoArb} chicken wins?
[12:15] {dino} y
[12:15] {GeoArb} oil spike
[12:15] {GeoArb} on highs now
[12:15] {dino} wow
[12:18] {magoo} or a shoe maybe?
[12:18] {GeoArb} didnt wm get downgraded again?
[12:19] {dino} i see n.korea wants to open the nuclear area again, now that they received their free food and oil
[12:22] {Threei} sure... they get rewarded for doing certain thing, they want to repeat it
[12:22] {Threei} pavlov's dogs proved the concept
[12:23] {dino} same thing will happen in spring
[12:24] {Threei} AIG woke up again for some reason
[12:26] {Threei} US HAS REPORTEDLY SUSPENDED CONSULAR SERVICES IN PAKISTAN
[12:28] {Threei} REPORTEDLY IRAN IS UNDERTAKING A LARGE-SCALE REORGANIZATION OF DEFENSE MINSTRY AND THE REVOLUTIONARY GUARDS
[12:29] {GeoArb} ummmmm
[12:29] {Threei} they rename it to Offense ministry?
[12:29] {GeoArb} any good news vad?
[12:29] {Threei} yes
[12:29] {Threei} Green party of Canada suggested to rename Military Depratment into Department of Peace
[12:29] {GeoArb} i am thinking od cancelling ttn and saving 50 bucks
[12:30] {GeoArb} vad's hard at work anyway
[12:30] {peterg} More news: I had the fresh lasagna smothered in meat sauce today; very good indeed
[12:31] {peterg} lunch in the midwest
[12:31] {hawkfan4} out 2/3 FNM +.89 from yesterday
[12:31] {GeoArb} nice hawk
[12:31] {hawkfan4} thx
[12:31] {GeoArb} how big if i may ask...... uncertain times for me to hold overnight
[12:31] {dino} lol peter, and i settled for bar-b-q chicken wings
[12:32] {hawkfan4} had 3300 shrs
[12:32] {GeoArb} wooooo
[12:32] {GeoArb} impressive
[12:32] {dino} gj hawk, gutsy
[12:32] {peterg} gotta love that; both wings and hawks shares
[12:32] {hawkfan4} yep, thx. it was a bit uncomfortable
[12:36] {dino} then stand up
[12:37] {hawkfan4} lol :)
[12:37] {Threei} lol
[12:46] {Threei} GREENBERG INTENDS TO ENGAGE IN OPEN-MARKET AIG STOCK SALES
[12:46] {Threei} what does it mean?
[12:46] {Threei} he intends to sell?
[12:46] {Threei} buy?
[12:47] {dino} means nothing
[12:47] {hawkfan4} From amended SC 13D filing: The Reporting Persons presently intend to engage in open-market sales of shares of Common Stock for liquidity and other purposes. Such sales may be made at such times, in such amounts and at such prices as each of the Reporting Persons may in its sole discretion determine. Such sales may, individually or in the aggregate, materially decrease the percentage of the outstanding Common Stock of the Issuer beneficia
[12:47] {Threei} that's one more way to look at it
[12:48] {dino} :)
[12:49] {dino} magoo intends to engage in open market trades of bidu
[12:51] {dino} what does it mean?
[12:53] {Threei} SENATOR DODD: DEMOCRATS AND REPUBLICANS HAVE REACHED AGREEMENT ON THE PRINCIPALS OF THE BAILOUT BILL
[12:53] {Threei} {SPY TLT}
[12:57] {Threei} - Hopes that Congress will be able to act within days to pass the legislation.
[12:57] {Threei} - Rep. Frank: We are on track to pass the bailout bill, negotiators have agreed on some provisions of the plan.
[12:57] {GeoArb} its all about ceo paychecks
[12:57] {Threei} yep:
[12:57] {Threei} BUSH ADVISOR HENNESSEY: EXECUTIVE PAY PROVISIONS WILL LIKELY BE PART OF FINAL AGREEMENT
[12:57] {GeoArb} or else they would be done a week ago
[12:58] {Threei} my favorite part is paulson's argument:
[12:58] {GeoArb} put some limits.... on worst case the ones who seserve it will go to dubai :)
[12:58] {Threei} without nice salaries not all compnaies will be on board
[12:58] {Threei} wtf?
[12:58] {Threei} they don't need a bailout then, let them fail
[12:58] {GeoArb} yeah i really want to see the ceo who doesnt get on board to protect his paycheck
[12:58] {GeoArb} and burns his company
[12:59] {Threei} that's preposterous
[12:59] {Threei} even more preposterous the fact that he really said that
[12:59] {GeoArb} what happenned to the risk part of reward?
[12:59] {GeoArb} socialists
[13:00] {GeoArb} my logic is if te ceo is that good get bailout and pay cut then leave and see what open market pays for you
[13:02] {Threei} SENATOR BENNETT: EXPECTS AGREEMENT ON BAILOUT PLAN THAT CAN PASS CONGRESS AND BE SIGNED BY PRESIDENT BUSH
[13:02] {GeoArb} hows that news?
[13:02] {Threei} hey
[13:02] {Threei} I don't write them
[13:02] {GeoArb} can you imagine the job of the person who types all this
[13:02] {GeoArb} one frustated guy
[13:03] {GeoArb} ok something is out
[13:04] {hawkfan4} press conference on cnbc right now
[13:06] {dino} i want to buy some of these "distressed houses"
[13:07] {Threei} can I have Al Gore's distressed house?
[13:07] {GeoArb} i want the mccain 9
[13:07] {magoo} only if u assume his electric bill vad
[13:07] {GeoArb} exaactly
[13:07] {GeoArb} isnt ecactly "green"
[13:07] {Threei} nope, he will pay it, out of his extreme green consciousness
[13:07] {magoo} thats my point
[13:07] {Threei} and he will by carbon offsets
[13:08] {GeoArb} i really think gore made out like a bandit
[13:08] {GeoArb} richer than bush many times over now
[13:08] {GeoArb} green my ##$%#
[13:15] {Threei} no respect for Nobel prise winner
[13:15] {cosmo} so... is it good to have a distressed house right now?
[13:15] {GeoArb} comon vad...
[13:16] {Threei} wait... that prise lost right for respect since it was awarded to Arafat
[13:16] {GeoArb} thank you
[13:17] {dino} agree vad
[13:17] {dino} terrorist bastard
[13:17] {GeoArb} correction
[13:18] {GeoArb} rich terrorist bastard
[13:18] {Threei} Cash Levels in Money Market Funds are at historic levels
[13:18] {Threei} The chart shows the ratio of money market fund assets to the market value of the S&P 500. The ratio is now nearly as high as it was in 1982, the start of the great 1982-2000 bull market.
[13:18] {dino} hmmm
[13:18] {cosmo} lets do it
[13:20] {GeoArb} so do we know what NYFIX is?
[13:20] {cosmo} well, not first hand
[13:21] {GeoArb} you on laser cosmo?
[13:21] {Threei} Fixer-upper in New York?
[13:21] {cosmo} nope
[13:21] {GeoArb} 10:12:18 ADMIN7 --} (All): NYFIX having issues streetwide. We are calling to mass cancel.
06[13:21] * laserdave1 slaps Threei around a bit with a large trout
[13:21] {GeoArb} heheh dave
[13:21] {Threei} awww
[13:21] {Threei} and I was watching for him to appear
[13:21] {laserdave1} haha in knwo
06[13:22] * magoo slaps laserdave1 around a bit with a large trout
[13:22] {dino} what are you guys talking about?
[13:22] {GeoArb} some ecn having issues
[13:23] {dino} ok
[13:25] {Threei} it's not ECN
[13:26] {Threei} it's one of routes for NYSE listed
[13:26] {Threei} dave can shed more light
[13:26] {GeoArb} dave?
[13:26] {Threei} I for one simply use ISLD for listeds
[13:26] {GeoArb} how about nasdaq?
[13:26] {Threei} same
[13:26] {GeoArb} and amex?
[13:26] {Threei} same
[13:26] {Threei} look at MS
[13:27] {Threei} at FRE
[13:27] {Threei} at AIG
[13:27] {Threei} at QID
[13:27] {Threei} what is there that you couldn't hit with ISLD, route out checked?
[13:27] {Threei} FRE fell of a cliff
[13:28] {GeoArb} wierd price action
[13:29] {GeoArb} ok nyfix is a dark pool for pan euro cash equities
[13:29] {GeoArb} http://www.thinkliquidity.com/
[13:30] {dino} as opposed to a bright pool?
[13:31] {GeoArb} heheh
[13:35] {dino} hod
[13:37] {dino} sm dxpe .00
[13:39] {Threei} AIG
[13:39] {Threei} REPORTEDLY EXECUTIVE SAYS COMMERCIAL INSURANCE UNITS WORLDWIDE ARE NOT FOR SALE
[13:40] {GeoArb} ncie MS spike
[13:45] {GeoArb} daid ya play that dino?
[13:45] {GeoArb} did ya
[13:46] {dino} no
[13:46] {Threei} MS is half long here with .25 stop if market starts upticking
[13:47] {magoo} if market starts upticking
[13:49] {Threei} rather bounce cadnidate now
[13:50] {Threei} WSJ: CONGRESS HAS REACHED A 'TENTATIVE' AGREEMENT ON TARP BILL, FULL $700B WILL BE APPROVED BUT WITH INSTALLMENTS, $250B AVAILABLE IMMEDIATELY
[13:53] {dino} idiots
[13:53] {GeoArb} ?
[13:54] {dino} installments, markets won't like that imo
[13:54] {cosmo} is this the NY fix?
[13:54] {GeoArb} hehehe good one cosmo
[13:54] {Threei} and it'smeaningless
[13:54] {cosmo} :)
[13:57] {dino} cbbo
[13:58] {Threei} FRE nosedive
[14:03] {peterg} not naming names, but I will be forced to slap some with fish unless proper spelling of weird is accepted and used; it is WEird, not WIerd, OK???
[14:03] {GeoArb} word
[14:03] {Threei} hmmm
[14:04] {GeoArb} i confess that i spell english fonetically
[14:04] {Threei} fish blackmail
[14:04] {magoo} ibefore e except after c
[14:04] {peterg} and sometimes w
[14:04] {GeoArb} sheesh
[14:05] {dino} touchy peter?
[14:05] {peterg} wildly
[14:05] {peterg} working on it
[14:05] {GeoArb} http://en.wikipedia.org/wiki/Wierd
[14:05] {dino} lol
[14:06] {peterg} good
[14:06] {peterg} so is word, but not the one we like here, in the sense of strange
[14:07] {Threei} US TREASURY: FOCUS TO MAKING SURE THAT THE FINAL APPROVED PACKAGE IS IN FACT EFFECTIVE
[14:08] {peterg} goodo
[14:08] {Threei} FED'S EVANS: AN EXTREME LACK OF CONFIDENCE HAS CHARACTERIZED THIS CREDIT MESS
[14:08] {peterg} good-O
[14:08] {peterg} british usage
[14:10] {dino} out fwlt at .10, +.41
[14:10] {peterg} nice
[14:11] {GeoArb} 27 on MS seems a line in the sand
[14:11] {Threei} unless market drops more
[14:11] {dino} took all afternoon
[14:12] {peterg} working for your moneyh
[14:14] {Threei} (RU) PM PUTIN: RUSSIA IS PREPARED TO EXAMINE COOPERATION WITH VENEZUELA IN THE NUCLEAR ENERGY SECTOR
[14:14] {GeoArb} what???
[14:14] {GeoArb} just what we need
[14:14] {peterg} cuban missle crisis all over again soon
[14:15] {GeoArb} MS shat its &*%^%
[14:15] {magoo} mkts falling
[14:16] {dino} glts
[14:17] {Threei} UPDATE: SOME REPUBLICANS SAYING THEY STILL HAVE NOT SIGNED OFF ON THE BAILOUT BILL
[14:17] {Threei} - House Minority Leader Boehner says they have not reached an agreement yet, but looks forward to working out the details - MSNBC
[14:18] {Threei} mama
[14:18] {Threei} look FRE
[14:18] {hawkfan4} geez FRE
[14:20] {magoo} unreal vad
[14:21] {GeoArb} fnm too
[14:21] {GeoArb} i thought no one could short
[14:21] {Threei} US REP FRANK: BANKRUPTCY ASPECTS OF BILL STILL A POINT OF CONTENTION, REITERATES WSJ REPORT THAT A 'TENTATIVE' AGREEMENT WAS IN FACT REACHEDD
[14:22] {Threei} was I right siting on a sideline or what
[14:22] {hawkfan4} holy moses
[14:22] {Threei} US HOUSE REPUBLICANS HAVE REPORTEDLY PROVIDED A MORTGAGE INSURANCE PLAN AS ALTERNATIVE TO TARP
[14:22] {Threei} {FNM FRE}
[14:23] {peterg} bounce?
[14:23] {hawkfan4} Vad, now your exit looks pretty good :)
[14:23] {Threei} lol
[14:23] {Threei} no idea peter
[14:23] {Threei} this is not your normal trading
[14:24] {peterg} nope
[14:24] {GeoArb} anyone swinginf for the fences?
[14:24] {Threei} for feces rather
[14:24] {GeoArb} hehehe
[14:24] {magoo} what IS normal?and whos to say?
[14:24] {GeoArb} wo... philosophical
[14:26] {Threei} jeez
[14:28] {Threei} can you believe this action on superthick cheap stocks?
[14:29] {Threei} CLNE
[14:29] {Threei} TICKING HIGHER AFTER FILING DISCLOSES LARGES HOLDER T BOONE PICKENS HAS ACQUIRED 300K+ SHARES
[14:29] {laserdave1} fre so sick
[14:30] {peterg} mkn $ in it
[14:30] {peterg} there, in the black at last thanks FRE
[14:31] {Threei} so, how do they drop that much in absence of short?
[14:31] {Threei} that was rhetorical question
[14:34] {dino} gtls l .85
[14:41] {Threei} you will laugh but
[14:41] {Threei} REP. CANTOR: DOES NOT SEE WIDESPREAD SUPPORT FOR BAILOUT AMONG REPUBLICANS
[14:42] {Threei} Cantor is the deputy republican whip in the House, responsible in part for tallying party support for bills under consideration.
[14:47] {magoo} vad..its time for my ?
[14:48] {Threei} down... unless they say bill has passed
[14:48] {Threei} or almost passed
[14:48] {Threei} or will almost pass
[14:49] {Threei} SEN SHELBY: WILL VOTE AGAINST BAILOUT PACKAGE IF FOREIGN BANKS ARE INCLUDED
[14:50] {magoo} rimm been a reliable tanker of late
[14:52] {Threei} FEELS IT IS BEING RUSHED, BUT SOMETHING WILL GET DONE
[14:52] {Threei} - Notes that many economists are against the bill as it stands now
[14:52] {dino} rimm earnings tonight fwiw
[14:52] {dino} what do economists know, they said all was well last month
[14:53] {Threei} lol
[14:53] {Threei} that's a very fine point
[14:53] {dino} isn't that what bernie is?
[14:56] {dino} asking for 1/4 of 1% transaction tax on all trades in rescue bill
[14:57] {dino} german foreign minister calls for international ban on speculative short selling
[14:57] {dino} the world has gone mad
[15:03] {GeoArb} wow aig
[15:03] {GeoArb} such a clean chart
[15:11] {magoo} blast off it feels
[15:13] {Threei} FNM CEO: UNCLEAR WHETHER OR NOT TREASURY CAPITAL WILL BE NECESSARY
[15:25] {Threei} nice recovery CEDC today
[15:25] {Threei} I bet traders all over the world are buying their product
[15:28] {Threei} AIG orderly selling... nice to see, women and children first to exit
[15:28] {Onix} lol
[15:31] {Threei} wow
[15:31] {Threei} now what?
[15:32] {hawkfan4} drink? punt?
[15:33] {Threei} not nice now, sharp elbows everywhere
[15:35] {Threei} with decision possibly made after hours, market doesn't want to commit to anything
[15:36] {dino} if any shorts are left, you'd think they wouldn't want to remain short overnight
[15:36] {Threei} I know I wouldn't
[15:39] {Threei} yet look at all the selling
[15:41] {Threei} FRE/FNM is Ride of the Day
[15:47] {peterg} ve must shtopp ziz szhort szelllink now
[15:47] {Threei} magoo's spirit possessed peter's body
[15:47] {dino} lol
[15:47] {peterg} 2 4 1
[15:48] {peterg} i zink ve haff zimilar zpiritz
[15:48] {Threei} we may need exorsist here
[15:48] {peterg} korrekt
[15:48] {Threei} exorcist too
[15:49] {peterg} vad du zhou zink, magster man?
06[15:49] * Threei is looking for his decoder ring
[15:49] {peterg} wjat dp you think?
[15:49] {Threei} yes
[15:49] {peterg} me too
[15:50] {Threei} or I should say, eqzaktly
[15:50] {peterg} djez
[15:51] {fernp} got to go. see you all tomorrow. good evening
[15:51] {Threei} take care fern
[15:51] {dino} dxpe stopped
[15:51] {Threei} OK guys, I am done
[15:51] {Threei} put a fork in me
[15:52] {Threei} thank you all, have a good evening, see you tomorrow
[15:52] {GeoArb} SO RUMOURS ARE
[15:52] {GeoArb} THAT EVERYONE IS GOING TO SHORT THIS RALLY TOMORROW
[15:52] {GeoArb} oops

Sep 24 2008

Session Time: Wed Sep 24 00:00:00 2008

[08:20] {Threei} WARREN BUFFET: BETTING ON THE US GOV'T TO "DO THE RATIONAL THING" REGARDING HIS INVESTMENT IN GS - CNBC INTERVIEW
[08:20] {Threei} - Notes the Paulson plan is far from perfect, but it is necessary.
[08:20] {Threei} - Suggests financial markets were on the brink of collapse last week, believes they "couldn't take another week like that." Says last week will look like a "Nirvana" if the Government does not act. Situation remains very very dangerous says Buffett.
[08:20] {Threei} - Calls the $50B money market support package an important move.
[08:26] {magoo} morning..was booted out last half hour yesterday
[08:27] {Threei} morning
[08:27] {Threei} yeah, there was some disgusting latency
[08:35] {Threei} 09/23/08 05:00pm
[08:35] {Threei} [SQNM] Sequenom, Inc Reports more positive results for Down Syndrome test
[08:35] {Threei} - Among the data presented, Sequenom's test demonstrated complete concordance with clinical results (no false positives and no false negatives) in both first and second trimester samples (over 200 samples announced today and in excess of 400 prospective samples to-date).
[08:36] {Threei} trades over 52 week high
04[08:43] -} [magoo] PING
[08:43] {Threei} [08:43] [magoo PING reply]: 0secs
[08:43] {Threei} looks fine today
[08:43] {Threei} whatever storm hit internet yesterday, it's passed
[08:49] {pita} morning all
[08:49] {Threei} pita :)
[08:50] {hawkfan4} good morning
[08:51] {Threei} hawk :)
[08:51] {magoo} news FSLR vad?
[08:52] {hawkfan4} 08:44 Solar tax credit renewals get green light from Senate - CNET News.com
[08:52] {Threei} yeah
[08:52] {Threei} 17B in tax breaks
[08:52] {magoo} moving it
[08:52] {Threei} for industry, not FSLR alone :)
[08:53] {Threei} whole sector is gapping
[08:53] {magoo} ENER up 6
[08:53] {Threei} SQNM
[08:53] {Threei} PRICE TARGET RAISED TO $32 FROM $23 AT OPPENHEIMER; MAINTAINS OUTPERFORM RATING
[08:54] {Threei} Lazard assigned 44 earlier
[08:54] {Threei} FRE seems to be aiming for 2 eh?
[08:57] {esemde} good morning
[08:57] {Threei} ese :)
[08:58] {esemde} hmmmm whats going on with FRE...residual value of some sort
[09:00] {esemde} my solar screen is big time Green....
[09:00] {Threei} yup tax credit renewal
[09:01] {fernp} Good morning all
[09:01] {Threei} fern :)
[09:01] {esemde} fern
[09:07] {Threei} T. Boone Pickens admitted to losing at least $1 billion so far for his hedge fund investors this year
[09:07] {hawkfan4} ouch
[09:07] {Threei} remember his endless high targets for oil?
[09:08] {Threei} stubbornly instisting that it goes back to 15, then to 200
[09:08] {Threei} 150 that was
[09:08] {peterg} morning
[09:08] {Threei} peter :)
[09:09] {esemde} 1 billion.....
[09:09] {Threei} I opined that he was mistaken and blinded by his own preconcieved opinions
[09:09] {esemde} he predicts that there will be an increase and he looses 1 billion...whats with that?
[09:09] {Threei} and got couple e-mails mocking my comment along the lines "you ahgainst pickens/"
[09:10] {dino} gm all
[09:10] {Threei} dino :)
[09:10] {esemde} dino
[09:11] {Onix} good morning all
[09:11] {Threei} onix :)
[09:11] {Threei} ese... he is long... oil is dropping...
[09:12] {esemde} still long........
[09:13] {esemde} so basically he's lost 1 billion for the 10 billion he's made
[09:14] {peterg} saw his book yesterday; First Billion is the Hardest
[09:15] {peterg} lks good for 82
[09:15] {peterg} did not read
[09:21] {dptl} good morning all
[09:21] {esemde} dp!!!!
[09:22] {dptl} :)

[09:27] {Threei} dp :)
[09:30] {pita} dumped me too, alternate didn't work, but all's well now
[09:30] {Threei} Long Setup: SQNM 25 break small shares
[09:31] {esemde} waiting for pullback in eslr
[09:31] {Threei} too deep SQNM
[09:32] {Threei} Long Setup: AKNS 5.20 break if holding above 5
[09:33] {magoo} in AKNS .25
[09:35] {magoo} nasty spread
[09:35] {Onix} in AKNS @ 5.21
[09:36] {Threei} Long Setup: ICON 14.40 half lot
[09:37] {Threei} invalidated'
[09:39] {Threei} SQNM is back
[09:45] {Threei} AKNS stopped
[09:45] {magoo} akns stopped
[09:45] {Threei} too bad... was perfectly positioned to go to 6
[09:47] {Threei} wow AIG
[09:47] {Threei} what happened there
[09:48] {Onix} stopped akns
[09:48] {Threei} don't see any news
[09:48] {Threei} FRE hard selling too
[09:52] {Threei} WHITE HOUSE ECON ADVISOR LAZEAR: PLANNING TO REMAIN UNTIL LEGISLATIVE AND PLANNING OF RESCUE PLAN HAS BEEN COMPLETED EVEN THOUGH PLANNED TO RESIGN FROM POSITION LAST WEEK
[09:52] {Threei} can't believe FRE volatility
[09:53] {Threei} FRE
[09:53] {Threei} SELLS $2B OF 1 MONTH BILLS AT A YIELD OF 2.65%
[09:54] {Threei} Long Setup: FMCN .50 break if stays above .20
[09:54] {Threei} half lot
[09:57] {esemde} might the market Vad FMCN
[09:57] {esemde} might need....the market
[09:58] {dino} ilmn sm l .50 trig
[09:58] {esemde} Nope....was wrong there
[09:58] {Threei} if takes that .60 offer, 32 should be easy
[09:59] {Threei} {FMCN} what .60 offer?
[09:59] {Threei} over 1:1
[10:00] {esemde} good call Vad......
[10:00] {Threei} half out .88
[10:00] {Threei} FMCN
[10:00] {Threei} HEARING TAKEOVER CHATTER CIRCULATING
[10:00] {Threei} ummmm
[10:00] {magoo} out here .91 TY vad
[10:00] {Threei} welcome
[10:00] {Threei} AUG EXISTING HOME SALES: 4.91M V 4.94ME (-2% M/M)
[10:00] {Threei} - prior revised from 5.00M to 5.02M
[10:00] {Threei} - Total months of supply: 10.4 v 11.2 m/m (11.2 months was highest on record)
[10:01] {Threei} FED CHAIRMAN BERNANKE: DOWNSIDE RISKS TO THE US ECONOMY REMAIN, INFLATION SHOULD MODERATE BUT SIGNIFICANT RISKS REMAIN
[10:01] {Threei} - Commercial real estate financing is much tighter
[10:02] {Threei} let's take 32 FMCN... can you?
[10:03] {magoo} should i reload?
[10:03] {Threei} risky as hell here
[10:03] {Threei} if loses .50 leave it alone
[10:04] {Threei} if takes 32, take small shares
[10:04] {magoo} i gotta praise laser system
[10:04] {Threei} and when I say I mean small
[10:04] {Threei} not your 5K
[10:04] {magoo} i just filled out bidu 268.20
[10:04] {magoo} never saw it and it was at 266 area
[10:05] {Threei} dark pools? :)
[10:05] {magoo} laid out and WOW ...OUT it was :)
[10:05] {Threei} I had such fill premarket on FRE
[10:05] {magoo} best executions ive ever seen
[10:05] {Threei} put 3K for sale at 1.93 from scalp entry
[10:05] {Threei} got hit without Level 2 quotes going there
[10:05] {dino} ddm sm l .70
[10:06] {Threei} let me repeat the question FMCN... can you?
[10:09] {Threei} {FMCN} can I?... heh!!
[10:11] {Threei} my stop for the balance is trailed to .75
[10:11] {Threei} it held .80 on last pullback before the break
[10:13] {dino} ddm stopped -.38
[10:14] {Threei} stop to .95
[10:14] {Threei} don't weant to let too much slip away
[10:14] {magoo} nice read vad
[10:14] {Threei} too greedy maybe... what's wrong with +.70 - .80 I had? :)
[10:15] {magoo} u been hangin with magoo too much
[10:16] {Threei} nwever a good thing... dino told me that
[10:16] {magoo} im the "rocking horse winner" remember?
[10:16] {dino} it's true, no good can come from hanging w/magoo
[10:16] {Threei} lol
[10:16] {magoo} always fun until things come crashing in tho
[10:17] {dino} -6%
[10:17] {magoo} what..your acct dino?
[10:17] {Threei} IRANIAN ENERGY MIN: IN DISCUSSIONS WITH EUROPEAN PARTNER FOR DEVELOPMENT OF PIPLELINE FROM IRAN TO EUROPE
[10:18] {magoo} there just gonna use piupe to lert suicide bombers crawl thru it
[10:18] {dino} since fri. highs
[10:20] {esemde} testing the waters 1/2 lot of ESLR here .22
[10:22] {esemde} and the boat floats....
[10:23] {esemde} should pullack a little will add another 1/2 lot
[10:24] {esemde} waited for those 2 big red volume spikes Vad so apptly talks about in his book
[10:24] {esemde} this is text book!!!!
[10:25] {Threei} I have a book?
[10:25] {GeoArb} yeah really?
[10:26] {GeoArb} what page ese?
[10:26] {esemde} with your name on it sir!!
[10:26] {esemde} i'll find that page....just a moment
[10:27] {Threei} frikin SQNM fooled me
[10:27] {esemde} starting page 95
[10:29] {esemde} am long averge full lot .30 ESLR
[10:29] {Threei} CBO: BAILOUT COST WILL EVENTUALLY COST SUBSTANTIALLY 'LESS' THAN THE $700B FIGURE DUE TO GOVT SALE OF ASSETS ACQUIRED DURING PROCESS
[10:29] {Threei} {XLF}
[10:29] {Threei} that's what I thought too
[10:30] {Threei} IF they don't ma\ngle the process
[10:30] {Threei} which they are likely to do, lol
[10:31] {dino} clhb drop
[10:33] {dino} if they get them at .60 on the buck, over a couple years they could make alot of money.
[10:33] {dino} clhb sm l .99
[10:33] {dino} the gov't will become what they hate....flippers
[10:36] {Threei} you know
[10:36] {Threei} I don't mind as long as they are good at it, lol
[10:37] {dino} same thoughts, unfortunately w/gov't it most likely will not work
06[10:37] * Threei kicks FMCXN in the rear with heavy duty steel-toed army boots
[10:38] {dino} but i know lots of people waiting to buy these
[10:38] {Threei} yeah, since when goverments were effective at anything
[10:41] {Threei} US SEN REID: BAILOUT PLAN MUST BE DONE RIGHT, NOTES THAT IT CAN TAKE UNTIL THE ELECTION
[10:41] {Threei} huh?
[10:41] {magoo} that is NOT good
[10:42] {Threei} DOE CRUDE: -1.5M V -2.5ME; GASOLINE: -5.9M V -3.8ME; DISTILLATES: -4.2M V -1.5ME; UTILIZATION: 66.7% V 78.7%E
[10:42] {Threei} *API Inventory:
[10:42] {Threei} - Crude Inventories: -91K
[10:42] {Threei} - Gasoline: -2.1M
[10:42] {Threei} - Distillate: -1.7M
[10:43] {Threei} OK
[10:43] {Threei} I am out FMCN
[10:43] {Threei} +.97
[10:43] {Threei} maybe has more in it but feels like getting tired
[10:43] {Threei} or it's me who is
[10:44] {Chaeron} Good morning all... see I missed a few..... any left?
[10:44] {Threei} no chaeron... sorry
[10:44] {Chaeron} ok... see you later :)
[10:44] {GeoArb} heheheh...... i just realized vad meant break of LAST .50
[10:44] {GeoArb} not this one
[10:44] {Onix} ty for FMCN Vad, i got 27c
[10:44] {Threei} were hurried to take it all before your coming
[10:44] {Chaeron} see you did a good job at it
[10:44] {GeoArb} serves me right to wake up late
[10:45] {dino} no scalps for you, two months
[10:45] {Threei} onix :)
[10:45] {GeoArb} i still got 13 cents
[10:45] {Onix} ty also for SQNM i got 48c
[10:45] {Threei} really?
[10:45] {Threei} I missed it completely
[10:45] {Threei} it invalidated first setup, spiked too sharply into resistance,
[10:45] {Threei} then retreated again
[10:46] {Threei} then I stopped watching it, and it sneaked past me, lol
[10:46] {Onix} actually got 28c on first 200 shares & 48c on second 200
[10:46] {esemde} is this message getting through.....power went out in my house
[10:46] {dino} gj
[10:47] {Threei} yes ese
[10:47] {dino} yes es
[10:47] {GeoArb} thats funny ese....
[10:47] {GeoArb} you being a solr guy
[10:47] {GeoArb} solar
[10:47] {dino} use bottles for messages
[10:47] {esemde} tks....my son plugged in 4 electric heaters......bang
[10:47] {GeoArb} winter in canada already?
[10:47] {dino} heaters? why?
[10:47] {Threei} ese, Costco sells solar panel that is supposed to provide backup
[10:48] {Threei} $300 or something like that
[10:48] {Threei} argh FMCN
[10:48] {esemde} good question.....one never knows what goes through the mind of a 7 year old
[10:48] {GeoArb} true that
[10:48] {dino} now i understand
[10:49] {esemde} ya thanks Vad........very funny....
[10:49] {Threei} not a joke
[10:49] {Threei} was looking at it with interest myself
[10:50] {esemde} i may go and looo at those......
[10:51] {Threei} cosmo even found it online
[10:52] {dino} well, cosmo can find anything
[10:52] {esemde} if ESLR takes off i may go and look at them
[10:52] {Chaeron} get a hotdog while you're there :) good stuff
[10:53] {magoo} RIMM ought to catch up
[10:53] {hawkfan4} i prefer the popcorn and cherry slushies from Target myself
[10:53] {Threei} ese, you got today's Time Colonist?
[10:54] {Threei} FED'S BERNANKE: MARKETS REQUIRE CONFIDENCE THAT THE BAILOUT PLAN WILL PROVIDE SUFFICIENT POWER, SHOULD NOT BE DONE IN 'DRIBS AND DRABS' - Q&A
[10:54] {Threei} - Bernanke is again deflecting the proposal by Senator Schumer to start with $150B in funding and to revisiting it further bailout funding early next year.{XLF}
[10:55] {GeoArb} hmmm cherry slushies... how come i missed that
[10:56] {dino} i think they should start with 3 gazillion
[10:57] {Threei} yeah, why play small
[10:57] {dino} dr. evil could fix this
[10:57] {Threei} rofl
[10:57] {Threei} just what I thought 1 second ago
[10:57] {dino} we just need a "lazer"
[10:58] {dino} magoo can play fat bastard
[10:58] {Threei} they with those billions are like dr evil charging 'One111... Million.... dollars!!!"
[10:58] {GeoArb} any response magoo?
[10:58] {dino} lol
[10:58] {dino} he's occupied
[10:58] {GeoArb} bucket of chicken?
[10:59] {GeoArb} fmcn
[10:59] {Threei} uhhu
[10:59] {dino} lol
[10:59] {Threei} it;s where I thought of selling it before I lost patience
[10:59] {GeoArb} yup
[11:00] {esemde} hey Vad.....don't get the times communist....can pick it up though
[11:00] {Threei} oh well... even with that selling price I got it was above my usual
[11:00] {Threei} if you have a chance, ese,
[11:00] {esemde} whats in it....
[11:00] {Threei} have a look at photo and tag line at Classifieds page
[11:01] {Threei} Ben:
[11:01] {Threei} - The number of firms that were "too big to fail" is excessive and needs to be reduced.
[11:01] {Threei} - Credit is being impaired by "fire sale pricing."
[11:01] {Threei} - Insists he is not advocating the gov't overpay for assets.
[11:01] {Threei} - Any taxpayer loss would be "much less" than $700B.
[11:01] {Threei} - Serious concerns remain about the plan's impact on the budget.
[11:01] {esemde} gonna give me a hint....
[11:01] {Threei} ah come on... I want you to be pleasantly surprized
[11:02] {esemde} Ohkee dokeee........
[11:03] {Threei} for the rest of you...
[11:03] {Threei} ese, don't look
[11:03] {Threei} http://www.flickr.com/photos/36948132@N00/2734565512/
[11:03] {Threei} this photo of mine is published in today's paper
[11:03] {GeoArb} thats a nice pic ad
[11:03] {GeoArb} almost artistic
[11:04] {GeoArb} (cant even get a trout these day)
[11:04] {Threei} lol
06[11:05] * magoo slaps GeoArb around a bit with a large trout
[11:05] {hawkfan4} wow Vad, that's a great pic
[11:05] {magoo} AND U DINO........................
06[11:05] * magoo slaps dino around a bit with a large trout
06[11:05] * magoo slaps dino around a bit with a large trout
06[11:05] * magoo slaps dino around a bit with a large trout
[11:05] {Threei} ty hawk
[11:06] {dino} out clhb .42, +.43
[11:06] {Threei} Short Setup: RIMM as close to 98 as you can get
[11:06] {magoo} vad, in pic..whos that hanging a moon 3rd deck down left side of smoker stacks??
[11:07] {GeoArb} fmcn interesting frop
[11:07] {GeoArb} d
[11:08] {Threei} stop above 98.10
[11:08] {magoo} got .93
[11:08] {dino} isn't rimm one of the "new" finacials like ibm
[11:09] {dino} ibm do not short list
[11:09] {Threei} RIMM is available
[11:11] {Threei} FED'S BERNANKE: BAILOUT PLAN IS NOT A STIMULUS PLAN, BUT IF IT HELPS THE ECONOMY RECOVER, FED MAY HAVE TO RAISE RATES SOONER THAN EXPECTED
[11:11] {magoo} covered .63 here TY BOSS
[11:11] {Threei} you are so impatient
[11:11] {magoo} its like u and u me
[11:12] {Threei} good scalping footwork
[11:12] {magoo} im writing a book too
[11:12] {Threei} too?
[11:12] {Threei} who else is?
[11:13] {magoo} but video of me trading is questionable at this time...dino says video of me smashing phone..flipping out of chair..getting hit by flying objects{dino there throwing them} not gonna cut it
[11:14] {dino} not so sure magoo, cable may run it
[11:14] {Threei} yeah, I had to cut out a few episodes of mine too
[11:14] {Threei} half out RIMM
[11:14] {Threei} .50, +.42
[11:15] {Threei} bidding 97.15 for the balance, stop 98.01
[11:15] {magoo} if IF it keeps falling..aapl good short
[11:15] {magoo} not convinced tho
[11:16] {Threei} market strenghtened a bit
[11:16] {Threei} but if it loses that .51 bid
[11:16] {Threei} should drop hard and fast
[11:16] {Threei} lost
[11:17] {Threei} and dropped
[11:18] {Threei} CBO: IF A BAILOUT IS NOT PASSED, A MELTDOWN COULD OCCUR ON SCALE OF THE GREAT DEPRESSION
[11:18] {magoo} aapl fell too
[11:18] {Threei} IMF'S STRAUSS-KAHN: SEES SUBPRIME LOSSES RISING TO $1.3T VERUS $1.1T PRIOR VIEW
[11:18] {magoo} vad, could we make good money here in a great depression??
[11:19] {Threei} as if I lived in one
[11:19] {magoo} i thought u ran a room in tghe last one
[11:19] {Threei} rent for an hour room?? :)
[11:19] {dino} not w/o short capability
[11:20] {Threei} stop to .55 RIMM
[11:20] {dino} these guys are idiots, just get rid of mark to market
[11:20] {magoo} get rid of marky-mark...what he do?
[11:23] {hawkfan4} Vad, FNM 1.80 break scalp?
[11:23] {Threei} looks like
[11:24] {GeoArb} wow thick
[11:24] {Threei} these two are toughie
[11:24] {magoo} vad, now u need to double cover your RIMM short stop and ride it up
[11:24] {Threei} scalp type 1
[11:25] {Threei} not sure mags
[11:25] {Threei} I'll skip it
[11:26] {Threei} GMAC REPORTEDLY MOVING TOWARDS FURTHER REDUCTION OF RISK IN AUTO FINANCING AND MORTGAGES
[11:26] {Threei} they'll stop financing vehicles?
[11:26] {Threei} that would reduce risk
[11:32] {Threei} FNM workwed for 5 cents
[11:38] {GeoArb} hey i had a Q for laser users.....
[11:38] {GeoArb} american users ahem...
[11:39] {GeoArb} do the same stuff as retail during taxes or th llc changes things
[11:39] {GeoArb} i have never done it before
[11:39] {dino} ask magoo
[11:39] {GeoArb} magoo chaeron?
[11:39] {GeoArb} off course all advice disclaimers are respected
[11:40] {magoo} dcc geo
[11:41] {GeoArb} dcced
[11:41] {Threei} should have reshorted RIMM .50 break
[11:41] {peterg} hey geo, if you find out something, let me know
[11:41] {dino} should've bought a sub for lunch
[11:42] {GeoArb} lol
[11:42] {Threei} look partners page on our website guys
[11:42] {GeoArb} i saw that.....
[11:42] {Threei} there is a lonk to tax advisors
[11:42] {Threei} link
[11:43] {Threei} 97 - 91.15 RIMM
[11:43] {Threei} break of the range is p[lay
[11:43] {Threei} with stop on the other end of the range of course
[11:45] {Threei} nope, no worky
[11:47] {Threei} FNM is moving slowly
[11:47] {GeoArb} so you had what 5 lots?
[11:47] {Threei} yes
[11:47] {GeoArb} wow its thick
[11:48] {Threei} that's what type 1 scalp is
[11:48] {GeoArb} okkkkkk
[11:48] {Threei} thick stocks, huge liquidity, small movements
[11:48] {GeoArb} if its in the book i missed it
[11:48] {Threei} it's in scalping course
[11:48] {GeoArb} oops
[11:49] {GeoArb} {- will refer again
[11:49] {dino} new lows
[11:53] {esemde} Have a great rest of the day all.....
[11:53] {Threei} take care ese
[11:53] {esemde} see ya vad....will pick up the paper
[11:53] {Threei} :)
[11:54] {magoo} es:)
[12:04] {Threei} new highs FRE/FNM
[12:12] {GeoArb} .
[12:12] {hawkfan4} ..
[12:12] {Threei} more sweeping for chaeron
[12:14] {Threei} FED'S BERNANKE: IT IS IMPORTANT FOR CONGRESS TO OVERSEE THE TREASURY BAILOUT PLAN, BUT CONCERNED THAT TOO MANY DETAILS WRITTEN INTO THE BILL WOULD LIMIT FLEXIBILITY TO CARRY OUT ITS GOALS
[12:14] {dino} colm sm l .00
[12:14] {GeoArb} details like no folden parachutes for screwing up?
[12:17] {dino} y
06[12:20] * laserdave1 slaps Threei around a bit with a large trout
06[12:20] * laserdave1 slaps Chaeron around a bit with a large trout
06[12:20] * Threei slaps laserdave1 around a bit with a large trout
06[12:20] * magoo slaps laserdave1 around a bit with a large trout
06[12:20] * laserdave1 slaps magoo around a bit with a large trout
06[12:21] * Chaeron slaps laserdave1 around a bit with a large trout
[12:21] {GeoArb} wo he came swinging
[12:21] {Threei} don't you love the silent battle
[12:21] {laserdave1} i know only to enter this room with a loaded gun
[12:24] {Threei} SQWNM makes me cry
[12:27] {GeoArb} how about now vaD?
[12:37] {Threei} ?
[12:37] {Threei} 12:36pm [SIRF] Ticks higher on speculation that its GPS chip is used in the new G1 smartphone with Google's Android software
[12:43] {Threei} market is going to do nothing until paulson plan is resolved one way or another
[12:49] {dino} ofix
[12:49] {Threei} US SEN SCHUMER: SEES LITTLE CHANCE THAT MANY LAWMAKERS WILL VOTE AGAINST ANY RESCUE PLAN
[12:56] {GeoArb} zzzzzzzz
[12:57] {GeoArb} qqqq flatlined
[12:57] {GeoArb} gld too
[12:57] {Threei} 12:43] {Threei} market is going to do nothing until paulson plan is resolved one way or another
[12:58] {magoo} doesn't mean i can't do this...............
06[12:58] * magoo slaps Threei around a bit with a large trout
[12:58] {Threei} hmmm
[12:58] {Threei} I need to ponder my response
[12:58] {Threei} wait
[12:58] {Threei} I don't
06[12:58] * Threei slaps magoo around a bit with a large trout
[12:59] {magoo} now why u gotta go and do that?:)
[12:59] {Threei} lol
06[13:02] * dino slaps magoo around a bit with a large trout
06[13:02] * laserdave1 slaps magoo around a bit with a large trout
[13:03] {magoo} now see what u started vad
[13:03] {Threei} argh
[13:03] {laserdave1} hey Vad is there a way for me to program this to automatically slap Magoo every 15 mniutes?
[13:03] {magoo} vads best pirate imitation there
[13:04] {laserdave1} :)
[13:04] {magoo} roflol
[13:04] {laserdave1} will be interesting when we meet for the first time in person who is holding the bigger trout
[13:05] {laserdave1} lol
[13:05] {GeoArb} hmmm is there a hidden pun
[13:05] {Threei} now, that's a very personal matter youi touch on, dave
[13:05] {magoo} he he....first annual vad trading room cruise
[13:05] {GeoArb} "touch on" ??? vad
[13:06] {Threei} US TREASURY'S PAULSON: A RESCUE PLAN WAS STUDIED OVER PERIOD OF MONTHS, HOPED IT WOULD NOT BECOME NECESSARY; DID ENCOMPASS SMALL BANKS AS WELL AS LARGER INSTITUTIONS
[13:06] {laserdave1} market just got a bi tperky
[13:06] {laserdave1} not sure why
[13:06] {magoo} oh oh...now hes lying
[13:08] {Threei} now?
[13:09] {Threei} sqnm...
[13:11] {magoo} dam..was gonna call rimm long
[13:19] {Threei} CNBC REPORTS THE BAILOUT PACKAGE WILL INCLUDE SOME PAY CURBS - CITES REPUBLICAN SOURCES
[13:21] {Threei} feels like market spike is coming
[13:24] {GeoArb} nice vad
[13:24] {dino} here it comes
[13:24] {Threei} if you grabbed RIMM at the beginning, it's about 60 cents
[13:31] {Threei} CNBC SOURCES NOW SAYING ITS EARLIER REPORT ABOUT THE BUSH ADMINISTRATION MAKING CONCESSIONS ON EXECUTIVE PAY CURBS IN THE BAILOUT PACKAGE ARE NOT TRUE
[13:31] {Threei} lol
[13:33] {GeoArb} heard this joke
[13:33] {GeoArb} Paulson and Bernanke, the two bald guys, put their heads together and made and ass out of themselves.
[13:33] {Threei} woohooo
[13:34] {Threei} there are people on this planet with sense of humor inferior to mine
[13:34] {GeoArb} heheh
[13:34] {dino} roflol
[13:39] {Threei} US TREASURY REPORTEDLY STILL NEGOTIATING ON EXECUTIVE COMPENSATION ISSUES AND OTHERS - UNCONFIRMED REPORT
[13:40] {GeoArb} paulson isnt exactly unbiased
[13:40] {Threei} hahaha
[13:40] {GeoArb} he is only worth 500 mill
[13:41] {dino} out colm .53, +.53
[13:41] {Threei} wtg
[13:43] {dino} ty
[13:43] {dino} out ilmn .99, +.49
[13:43] {GeoArb} wow dino
[13:43] {GeoArb} good day
[13:43] {Threei} it's dino
[13:43] {Threei} every day is a good day
[13:44] {dino} didn't do much, but they are finally moving
[13:44] {dino} c'mon afam
[13:48] {dino} vrtx
[13:53] {dino} amzn
[13:54] {dino} sm risky s vrtx .05
[13:55] {dino} bstop hod
[13:59] {Threei} hey, I have alternative to paulson plan
[13:59] {Threei} let banks fail if they can't make it,
[14:00] {Threei} use those 700B to replace their credit directly to companies and consumers who need it
[14:01] {Threei} WSJ: CONGRESS CONSIDERING APPROVAL OF RESCUE PACKAGE EITHER IN PARTIAL OR CONDITIONAL FORM
[14:09] {Threei} Short Setup: AMZN .34
[14:09] {Threei} stop over .50
[14:12] {Threei} half out
[14:12] {Threei} scalpers havenice 30 cents here
[14:13] {Threei} feel free to cover here
[14:13] {Threei} 50 cents
[14:13] {Threei} and more if you are exceptionally gredy
06[14:14] * Threei slaps magoo around a bit with a large trout
[14:15] {Onix} good call AMZN ty Vad
[14:15] {Threei} welcome kind sir
[14:19] {Threei} PIMCO'S BILL GROSS: NOTES THAT BAILOUT PLAN COULD RETURN 10-15% TO THE GOVT - CNBC COMMENTS
[14:20] {dino} vrtx bstop to .99
[14:22] {dino} cov .89, +.16
[14:23] {dino} amzn sm l .00 risky
[14:27] {dino} trow
[14:28] {magoo} vad..my normal question ghere??
[14:28] {magoo} VVVVVVAAAAAAAAAADDDDDDDDDDDDDD
[14:29] {Threei} I am thinking!!
[14:29] {Threei} first, tell me whether you took AMZN
[14:30] {GeoArb} no :(
[14:30] {GeoArb} gaught caught in a reboot
[14:30] {Threei} yeah, I saw... magoo?
[14:30] {magoo} we are missing the run as i wait here
[14:31] {GeoArb} you saw? (geo shivers as he is being monitored.....)
[14:32] {Threei} dunno mags... doesn't look convincing to me
[14:32] {Threei} feels like dowen is more likely
[14:33] {dino} .
[14:33] {dino} ugh cyber crash
[14:33] {GeoArb} hmm
[14:34] {magoo} was just bumped out room vad
[14:34] {Threei} grrr
[14:40] {magoo} u dont have to kick me out of room because i ask a question of u lol
[14:40] {Threei} I don't?
[14:40] {Threei} but that's my usual MO
[14:42] {dino} frustration incorprated
[14:42] {magoo} u did it top me yesterday
[14:43] {dino} amzn quote?
[14:44] {Threei} 70.75
[14:44] {magoo} i refuse to tell him
[14:44] {dino} untrusting
[14:48] {magoo} AAPL short bossman
[14:48] {peterg} now?
[14:49] {magoo} risky..if IF mkt falkls it will
[14:49] {magoo} not in yet
[14:49] {magoo} ill call if i do
[14:49] {peterg} chk
[14:49] {magoo} was asking vad
[14:50] {peterg} chk
[14:50] {Threei} .50 break mags
[14:50] {Threei} if stays under .75
[14:50] {magoo} nned mkt help
[14:50] {Threei} as always
[14:50] {Threei} goes without saying
[14:51] {Threei} TREASURY'S PAULSON: BAILOUT LEGISLATION MUST ADDRESS EXECUTIVE COMPENSATION
[14:51] {Threei} jeez
[14:51] {Threei} guy wants revolution?
[14:52] {dino} just had one, gov't took over banks, investment houses, auto industry and changed the rules on speculators
[14:52] {magoo} sh 100 sh bidu .15
[14:52] {magoo} 272 .15
[14:52] {dino} and real estate too
[14:52] {magoo} aapl good now
[14:52] {Threei} AMZN 1:1
[14:52] {Threei} and more
[14:54] {magoo} out bidu here 1 point
[14:55] {magoo} die aapl
[14:56] {Threei} McCain says wants to suspend campaign
[14:56] {Threei} headed back to DC to work on crisis
[14:56] {magoo} what
[14:56] {GeoArb} what?
[14:56] {peterg} man of action
[14:56] {Threei} saggests Obama to do the same
[14:57] {GeoArb} what exactly will a man who wants dereg do?
[14:57] {GeoArb} in fact both men?
[14:57] {GeoArb} this is more fun http://www.msnbc.msn.com/id/26856896/
[14:58] {magoo} i am short aapl .04
[14:58] {magoo} lookingh for 10 points
[14:59] {Threei} geo, you shorted AMZN this time?
[14:59] {Chaeron} 52wk range: 2.14- 8.18
[14:59] {Chaeron} Local.com Corporation provides paid-search advertising services to local and national businesses on the Internet in the United States and Europe.
[14:59] {GeoArb} ahm..... didnt see the flashing red
[14:59] {Chaeron} ooops sorry
[14:59] {Chaeron} wrong window
06[15:00] * magoo slaps Chaeron around a bit with a large trout
[15:00] {Threei} hmmm... wasting perfect calls here, I see
[15:00] {GeoArb} no no vad
[15:00] {Chaeron} http://www.breitbart.com/article.php?id=D93D8Q000&show_article=1
[15:00] {magoo} any magoo followers?
[15:01] {magoo} 50 cent aapl
[15:01] {GeoArb} sheesh
[15:01] {magoo} gonna be a point
[15:02] {GeoArb} i had a sound alert on vad's chats..... and sound was off.... not a good day
[15:02] {Threei} [14:32] {Threei} dunno mags... doesn't look convincing to me
[15:02] {Threei} [14:32] {Threei} feels like dowen is more likely
[15:03] {Threei} US PRESIDENTIAL CANDIDATE MCCAIN HAS REPORTEDLY CALLED FOR A DELAY IN DEBATE IN ORDER TO ADDRESS MARKET BAILOUT ISSUES
[15:03] {Threei} - Reports have McCain suspending his campaign until these issues have been addressed
[15:03] {GeoArb} ok sound alert working now
[15:03] {magoo} coivered aapl here .50 plus .54
[15:03] {magoo} thats why i ask vad..seriously...u have a good feel..u just don't know it and play it he he
[15:03] {Threei} too late geo... I am deeply offended by being commonly ignored, suspending all calls untill McCain unsuspends his campaign
[15:04] {GeoArb} ooooh
[15:04] {magoo} 14:58] {magoo} i am short aapl .04
[15:04] {Threei} even magoo who asked about AMZN, didn't take it, lol
[15:04] {GeoArb} i thought he did
[15:04] {Threei} nope, he took AAPL
[15:04] {magoo} nah..
[15:13] {GeoArb} .
[15:16] {Chaeron} ..
[15:16] {magoo} ...
[15:18] {magoo} sh rimm 04
[15:19] {magoo} cover here .59
[15:19] {magoo} EASAY BUTTON
[15:21] {Onix} ty for AMZN Vad, i took another 32c
[15:21] {Threei} :)
[15:21] {Threei} GOLDMAN ANALYST NOTES THAT PROTECTION OF FINANCIAL STOCK SHORT SELLING HAS LED TO A SHORT TERM POSITIVE FOR EXCHANGE STOCKS (TIMING UNCERTAIN)
[15:21] {Threei} - Notes trending in higher volume may lead to higher than anticipated Q3 earnings
[15:26] {Threei} Sen Barton says Paulson plan is DOA
[15:31] {Threei} TREASURY SEC PAULSON: "I'M NOT SEEKING EXTRAORDINARY POWERS"
[15:31] {Threei} - Notes that oversight and transparency are necessary under plan
[15:33] {magoo} vad..u running a trading room or are u a news reporter? {as magoo runs for cover}
[15:33] {GeoArb} ooooooh
06[15:33] * Chaeron slaps magoo around a bit with a large trout
[15:33] {Chaeron} allow me
[15:33] {Threei} that's it... now you've done it
[15:33] {magoo} roflol
06[15:33] * Threei removes himself to a very very remote monastery
06[15:33] * Threei removes himself to a very very remote monastery in Tibet
[15:33] {GeoArb} nuyork?
06[15:34] * Threei removes himself to a very very remote monastery in Tibet without wireless connection
[15:34] {GeoArb} PIMCO'S EL ERIAN URGES THE PASS OF RESCUE PACKAGE AS MARKETS ARE 'DETERIORATING RAPIDLY'
[15:34] {Threei} PIMCO'S EL ERIAN URGES THE PASS OF RESCUE PACKAGE AS MARKETS ARE 'DETERIORATING RAPIDLY'
[15:34] {Chaeron} greeeeeeaaaaaat........ Well, magoo... make a call.... better be good.... oh and I want the latest headlines.... and tax advice :))
[15:34] {GeoArb} hahaha
06[15:35] * Threei removes himself to a very very remote monastery in Tibet without wireless connection in order to do intensive navel-gazing and soul-seraching
[15:35] {GeoArb} so now soul lives in navel?
06[15:36] * Threei removes himself to a very very remote monastery in Tibet without wireless connection in order to do intensive navel-gazing and soul-searching, and among souls he intends to sought out magoo's one will be decisively kept out of list
[15:37] {magoo} HEY
06[15:37] * Threei returns from monastery for just one minute to do this:
06[15:37] * Threei slaps magoo around a bit with a large trout
06[15:39] * magoo slaps peterg around a bit with a large trout
06[15:39] * magoo slaps Onix around a bit with a large trout
06[15:39] * magoo slaps laserdave1 around a bit with a large trout
06[15:39] * magoo slaps jmb around a bit with a large trout
06[15:39] * magoo slaps hawkfan4 around a bit with a large trout
06[15:39] * magoo slaps GeoArb around a bit with a large trout
06[15:39] * magoo slaps frankc around a bit with a large trout
06[15:39] * magoo slaps dptl around a bit with a large trout
06[15:39] * magoo slaps dino around a bit with a large trout
06[15:39] * magoo slaps cosmo around a bit with a large trout
[15:39] {Chaeron} }{
06[15:39] * magoo slaps Chaeron around a bit with a large trout
06[15:39] * magoo slaps brian3579 around a bit with a large trout
06[15:39] * magoo slaps Raven around a bit with a large trout
06[15:39] * magoo slaps Threei around a bit with a large trout
[15:39] {GeoArb} i see he is going reverse alphabetical
[15:40] {magoo} mkts losing it here
[15:40] {Threei} and likely to do so till end of day
[15:41] {Threei} RIMM is going to lose 95 I believe
[15:41] {magoo} people gonna just thro in the towel
[15:42] {Threei} short into this bounce
[15:42] {Threei} got .44
[15:42] {Threei} .55 stop
[15:43] {magoo} constant beating...even when i was young boy...vad took off a day from beating me
[15:43] {Threei} lol
[15:45] {Threei} covered half RIMM
[15:45] {Threei} .25 and .27
[15:46] {magoo} u a rimm geniusd vad
[15:46] {magoo} ditch that pos uaua
[15:46] {Threei} if it goes under 95
[15:46] {GeoArb} hear hear
[15:47] {Threei} UAUA was very good to us for quite a while
[15:47] {Threei} just outlived itself
[15:47] {dino} these end of day sell-offs are getting bad
[15:47] {Threei} SENATE REPUBLICAN LEADER: EXECUTIVE COMPENSATION RESTRICTIONS SHOULD BE IN FINAL BAILOUT BILL
[15:49] {Chaeron} hey... if these newly siezed cos MAKE $$$ in the future and we bail them out, do we get a check like profit sharing?
[15:49] {Threei} uhhu
[15:49] {Threei} US HOUSE PASSES BILL FUNDING GOVERNMENT THROUGH MARCH 2009
[15:49] {GeoArb} ummmm
[15:49] {Chaeron} Palin did it in Alaska...
[15:49] {GeoArb} not us
[15:50] {GeoArb} alaska is a welfare state
[15:50] {Chaeron} CA is too
[15:50] {Chaeron} :)
[15:50] {GeoArb} alaska has no state tax no sales tax
[15:51] {GeoArb} and they get yearly checks
[15:51] {Threei} and the place is beautiful
[15:51] {Threei} oops... that's irrelevant
[15:52] {GeoArb} flat for the day
[15:52] {GeoArb} +150
[15:52] {GeoArb} sniff
[15:53] {Threei} that's 50K a year
[15:54] {GeoArb} i am just sad cuz you expect more from me vad heheheheh
[15:54] {Threei} they don't pass that bill, that'll be high end of earnings
[15:54] {dino} indeed
[15:54] {GeoArb} i will beome and illegal alian and work in canada
[15:55] {GeoArb} i guess i cant do grammer in canada
[15:55] {dino} i don't want to know of your illegal activities
[15:55] {Chaeron} I can't associate with felons
[15:55] {GeoArb} heyheyhey
[15:55] {Threei} CNBC'S GASPARINO: NOTES HIS SOURCES TELL HIM SOME SORT OF RESTRICTION ON EXECUTIVE PAY WILL BE INCLUDED IN THE FINAL BAILOUT BILL
[15:55] {Threei} - Speculates the final bill may break the $700B allotment into two pieces.
[15:55] {GeoArb} i am only a felon if i get caught
[15:55] {Chaeron} how come HE can speculate? :))
[15:56] {Threei} any hint that bill is likely to pass, market explodes
[15:56] {cosmo} which way?
[15:56] {Threei} I think they need to ban CNBC for a while
[15:56] {Threei} ex vs. im, cosmo...
[15:56] {GeoArb} anyone watches bloomie here?
[15:56] {Chaeron} explode = up.... implode = down
[15:56] {dino} isn't bush speaking tonight? maybe already passed in back room deal
[15:57] {Threei} anyone thinks it's a very bad idea to have Bush to sell this plan?
[15:58] {hawkfan4} more like everyone
[15:58] {Threei} thought so
[15:58] {Threei} well guys, shaped up as a ery nice day
[15:58] {Threei} a few quite sizeable wins
[15:58] {dino} whats to sell, the public doesn't vote on it
[15:58] {magoo} yes..ty boss
[15:59] {Threei} true dino...
[15:59] {peterg} never quite got it together, but tmo is another day
[15:59] {Threei} I gather there is a serious outcry though
[15:59] {GeoArb} yeah
[15:59] {magoo} well..and politicians listen
[15:59] {peterg} vs dumbhead salvage plan
[15:59] {Threei} reps get a lot of feedback
[15:59] {Threei} 99% is negative
[15:59] {Threei} "stop bailing wall street, bail people"
[15:59] {peterg} sell junk, then buy it back; make em rich 2x
[16:00] {dino} i struggled a bit too pete, happens.
[16:00] {peterg} slightly incoherent
[16:00] {peterg} still
[16:00] {peterg} sober as judge
[16:00] {peterg} how sober is that?
[16:00] {Threei} hmmm
[16:00] {Threei} depends on p[articular judge I guess
[16:00] {peterg} fine, really
[16:00] {GeoArb} thanks guys
[16:00] {peterg} thanks all; gnight
[16:01] {Threei} take care all, see you tomorrow
[16:01] {hawkfan4} nite all, thx vad
[16:01] {magoo} WAITTTTTTTTTTTTT
06[16:01] * magoo slaps Threei around a bit with a large trout
[16:01] {dino} gn all, up but below target
[16:01] {Chaeron} oh, I thought you were going to extend trading hours magoo
[16:01] {Threei} tyoo late, I wasn't there anymore mags
[16:02] {peterg} thks dino; c u tmo
[16:03] {magoo} dammit..he he

Sep 23 2008

Session Time: Tue Sep 23 00:00:00 2008

[08:05] {Threei} CNBC'S GASPARINO DISCUSSES ONGOING NEGOTIATIONS AROUND THE TREASURY'S BAILOUT PACKAGE
[08:05] {Threei} - still believes the deal gets done but suggests Treasury will have to continue to make concessions in order to get "Main Street" on board
[08:12] {esemde} good morning vad
[08:13] {Threei} ese :)
[08:13] {hawkfan4} good morning
[08:13] {esemde} mornin hawk
[08:13] {Threei} hawk :)
[08:14] {hawkfan4} es, vad :)
[08:24] {esemde} bought a new laptop yesterday.....macbookpro....should eventually solve my computor problems around here once i learn to use it Vad
[08:24] {Threei} Mac?
[08:24] {esemde} yes
[08:24] {Threei} never used any of those
[08:24] {Threei} I am PC guy... :)
[08:24] {esemde} me either
[08:25] {esemde} but have to because just about the entire recording industry are using them
[08:26] {Threei} oh, I see
[08:26] {esemde} steep learning curve coming
[08:27] {esemde} I had the oddest thought the other day while on the golf course
[08:28] {esemde} was thursty...and so started thinking about dp's gift to you....
[08:28] {Threei} rofl
[08:28] {esemde} might be the funniest thing i've ever seen
[08:29] {magoo} morning
[08:29] {Threei} magoo :)
[08:29] {esemde} mags!!!!!
[08:30] {magoo} oh oh...too much cafe"
[08:34] {Threei} let me describe how I see the current situation in the market and my idea of what is coming
[08:34] {Threei} I believe the market is working the process of bottoming these days. Bottom, however, is a process rather than event.
[08:34] {Threei} In last week's explosion market kind of showed its hand - made it too obvious that rescue plan is what it wants to put the bottom in and reverse.
[08:35] {Threei} Things can't be that obvious and easy - market is always trying to go with as few people on board as possible.
[08:35] {Threei} When I ask myself "if I were a market, what would I do to fool those who decided they figured me out?", my scenario comes out as following:
[08:35] {Threei} 1. While the rescue plan is being discussed, retreat and plant as much doubt as possible
[08:35] {Threei} 2. When the plan is adopted, spike briefly luring "reflexive players" in
[08:35] {Threei} 3. Drop sharply, possible making new low, shake out hopefuls as violently and rudely as possible
[08:36] {Threei} 4. Rally from there as fast as posssible, leaving new believers minimal chance for entry and make them chase.
[08:36] {Threei} 5. Now that credit crisis ceased to be THE worry, start looking for new worries or recycling old ones (USD, oil etc), but do it in a context of new bull market.
[08:38] {Threei} US PRESIDENT BUSH: CONFIDENT IN BIPARTISANSHIP COOPERATION WITH MARKET RESCUE PLAN BILL
[08:40] {magoo} interesting vad
[08:40] {Threei} we will see how it develops... :)
[08:41] {Threei} intuitively, does such scenario ring true with you?
[08:42] {esemde} Old market adage....from stock market almanac...market bottoms are made in quiet....market tops in violence....
[08:42] {esemde} anytruth to that ?
[08:42] {magoo} `absolutely....u thought of it...but thats how i would bet it to play out
[08:42] {magoo} see..market needs to hurt the masses
[08:42] {magoo} your scenario would do that
[08:43] {cosmo} rescue me ...sheesh
[08:43] {esemde} I don't have to think about it.....I just follow Vad blindly...thats my strategy
[08:43] {Threei} lol
[08:51] {esemde} man........just want to sink a couple of thousand shares into a bunch of solar stocks.......ala ESLR, CSIQ{SOLF and a few more and just sit on them
[08:51] {Threei} why solars?
[08:52] {Threei} it's an honest question
[08:52] {esemde} just the ones with good balance sheets.......and because it's the wave of the future
[08:53] {Threei} even with oil dropping (as I believe it will unless rescue package totally kills USD)?
[08:53] {esemde} this last go around has damaged oils reputation.......
[08:54] {esemde} it take a shock in my mind to get populations to think
[08:54] {cosmo} like 'free' energy?
[08:54] {magoo} see..im with vad here..mkt doesn't respond that way...its obvious solars are the future so they remain beaten up
[08:54] {esemde} about half the people on my staff at school are looking for alternative means of transportation
[08:55] {cosmo} thinking is the best way to travel...
[08:55] {esemde} if thats just my staff you gotta figure that could be the same all over......
[08:57] {esemde} this was a shock to people.......and anyone with a reasonable amount of IQ"S will start to think about alternatives
[08:57] {Threei} true
[08:57] {Threei} I just don't know how viable alternatives are at this point
[08:57] {Threei} solars are still unsustainable without govt subcidies
[08:58] {esemde} ala Detroit electric...could be it's time
[08:58] {esemde} i would agree with that vad
[08:59] {esemde} Wind energy ....that another big one....powers about 1/8th of Denmark
[09:00] {esemde} those plants are springing up all over the US and Great Briton now
[09:00] {pita} morning all
[09:00] {esemde} pita
[09:00] {pita} ese
[09:01] {peterg} morning
[09:01] {Threei} pita, peter :)
[09:01] {Threei} replay is working, right?
[09:01] {peterg} interesting hypothesis or vision, vad; sounds right to me
[09:01] {peterg} yes
[09:01] {Threei} :)
[09:01] {peterg} makes sense. Of course just after I parked cash in bond fund
[09:09] {peterg} ese, you got a mac?
[09:09] {peterg} it will worki for room, but not compatible with a lot of trading programs
[09:09] {peterg} I have mac with parallels, a windows simulation & laser dsnt work on it.
[09:09] {cosmo} COMS pre mkt high = 2.39 fwiw
[09:09] {peterg} I think you have another broker so might be fine.
[09:11] {GeoArb} gm
[09:12] {Threei} Geo :)
[09:13] {esemde} hi peter yes
[09:13] {esemde} thats my plan is to run windows on it as well....
[09:14] {esemde} but was thinking of using Boot Camp as oppose to parrelles
[09:15] {esemde} parallels
[09:17] {peterg} that works
[09:17] {esemde} do you like it peter?
[09:18] {peterg} was just thinking where is computer that operates on voice command
[09:18] {peterg} I think after a year with mac, I am still more familiar with windows.
[09:18] {esemde} really....
[09:18] {GeoArb} vad dcc pls...
[09:18] {peterg} My son can rip through problems on mac like nothing Iv ever seen,
[09:18] {Threei} we have testimony by paulson coming
[09:18] {peterg} so I think it is what you are used to.
[09:18] {dptl} good morning all
[09:19] {Threei} dp :)
[09:19] {esemde} i ned it for recording and video editing ...stuff like that
[09:19] {Threei} I believe market will react on the tone of that
[09:19] {Onix} good morning all
[09:19] {peterg} thats all mac ese
[09:19] {esemde} onix
[09:19] {Threei} overall, expecting kind of repeat of yesterday's swampy action
[09:20] {Threei} until and unless something definite appears in rescue plan discussion
[09:20] {Threei} onix :)
[09:20] {peterg} swampy
[09:21] {Threei} geo?
[09:22] {GeoArb} sorry got kicked out
[09:22] {Threei} FRE is creeping toward 1
[09:22] {GeoArb} paged again
[09:23] {dino} gm all
[09:23] {Threei} dino :)
[09:24] {esemde} domino....I mean...dino
[09:24] {esemde} sorry that was Van Morrison......got confused
[09:24] {Threei} why is WM selling into basement?
[09:25] {Threei} hawk, are you out of AIG?
[09:25] {hawkfan4} not 100%
[09:26] {Threei} but protected profits
[09:26] {hawkfan4} definitely, yesterday. just holding some for bigger move
[09:26] {Threei} wtg
[09:27] {Threei} late joiners, please scroll up to the beginning and read my forecast for the market developments
[09:27] {magoo} ok
[09:27] {Threei} will shape up our framework
[09:27] {GeoArb} comon... repost it vad !!!!!
[09:28] {Threei} no... it's a contest of who is lazier
[09:28] {GeoArb} sheesh
[09:28] {Threei} and I never lost such contest
[09:29] {GeoArb} the replay.....
[09:29] {peterg} I win!
[09:29] {fernp} Good morning all
[09:30] {Threei} fern :)
[09:31] {Threei} SENATOR DODD: THE CURRENT PLAN WOULD DO NOTING TO STOP CEOS FROM DUMPING TOXIC ASSETS ON TAXPAYERS
[09:31] {Threei} {XLF}
[09:32] {Threei} wow FRE
[09:32] {Threei} who would have thought this thig was still alive and kicking
[09:32] {esemde} are my quotes wrong.....I have ndx down 65 and comp down 80
[09:32] {Threei} COMP up 14
[09:33] {esemde} thats what my chart looks like
[09:35] {esemde} whats the indu doing vad?
[09:35] {esemde} up or dn
[09:35] {Threei} up
[09:35] {esemde} 16?
[09:35] {magoo} vad..rimm bounce somewwhere
[09:35] {Threei} WM spike
[09:35] {Threei} grrr
[09:36] {Threei} liked 3 break and couldn't find guts to call
[09:36] {magoo} l rimm smalkl .20
[09:37] {Threei} COIN
[09:37] {Threei} late
[09:38] {Threei} don't chase it but of pulls back to/under .50, should be interesating
[09:38] {Threei} spread is wide, try to bid it
[09:40] {Threei} SEN SHELBY: MARKET RESCUE PLAN 'CODIFIES' THE APPROACH IT HAS TAKEN TO RECENT CRISES IN ITS AD HOC MANNER
[09:40] {Threei} I'll need an interpreter for this one
[09:40] {magoo} stopped rim .88
[09:41] {magoo} had .57 missed exit
[09:41] {Threei} WM pullback scalp
[09:41] {dino} fdx sm l .51
[09:41] {Threei} 3.22 long
[09:41] {Threei} if stays above .15
[09:42] {Threei} .14 stop
[09:43] {dino} simply means sen shelby has a dictionary on his desk
[09:43] {magoo} in wm
[09:44] {Onix} in WM @ .22
[09:45] {dino} celg sm l .30
[09:45] {Threei} monsrous move FRE?FNM
[09:46] {Threei} WM stopped
[09:46] {Onix} stopped wm
[09:47] {Threei} REVIEW: JULY HOUSE PRICE INDEX DUE OUT AT 10AMET
[09:47] {Threei} **consensus expectation: -0.2%e v 0.0% prior
[09:48] {magoo} out wm
[09:48] {magoo} gotta be fast today with scalps
[09:49] {Threei} [09:19] {Threei} overall, expecting kind of repeat of yesterday's swampy action
[09:49] {Threei} [09:20] {Threei} until and unless something definite appears in rescue plan discussion
[09:49] {Threei} one correction is probably needed on finnies
[09:49] {Threei} since there are no shorts on them, their pullbacks are deeper than usual
[09:50] {Threei} let's try to do it this way:
[09:50] {Threei} when chart says time to enter, let's wait for one more dump
[09:50] {magoo} u mean we gotta wait until dino runs into restroom?
[09:50] {dino} lol
[09:50] {Threei} too much to consider...
[09:50] {Threei} lol
[09:51] {hawkfan4} lol
[09:51] {Threei} if you took COIN on pullback, stop is under .35
[09:51] {dino} out fdx .91, +.40
[09:52] {Threei} wtg
[10:00] {dino} ty
[10:00] {Threei} SEPT RICHMOND FED MANUFACTURING: -18 V -12E
[10:00] {Threei} yikes
[10:00] {Threei} housing index now
[10:01] {Threei} probably more important to market than manufacturing
[10:01] {Threei} JULY HOUSE PRICE INDEX M/M: -0.6% V -0.2%E
[10:01] {Threei} double yikes
[10:01] {Threei} lol, market got so accustomed to bad news, it doesn't even blink
[10:02] {Threei} let's try and put together list of probable beneficiaries of rescue plan
[10:02] {Threei} my candidates so far are
[10:02] {Threei} FRE/FNM
[10:02] {Threei} AIG
[10:02] {Threei} feel free to add
[10:02] {dino} politicians, investment bankes, ceo's, etc
[10:03] {Threei} oh, of course
[10:03] {Threei} lol
[10:03] {Threei} but we can't buy and sell them for profit
[10:03] {Threei} or can we
[10:03] {GeoArb} its called lobying
[10:03] {dino} politicians maybe
[10:03] {Threei} we have no cause
[10:04] {Threei} we are too lazy
[10:04] {Threei} geo won't even scroll up to read my (brilliant) forecast for the market action
[10:05] {dino} fdx sm l wide .60
[10:05] {Threei} good boy COIN
[10:06] {GeoArb} i did i did
[10:06] {Threei} if you took .52, you are up easy and cool 20 cents
[10:07] {dino} out celg .90, +.50
[10:08] {hawkfan4} nice
[10:09] {Threei} US SEN SCHUMER: RESCUE PACKAGE BILL WILL NOT BE LOADED WITH EXTRAS, AND CONGRESS WILL ACT SOON
[10:10] {Threei} look at friking WM
[10:10] {dino} thx hawk
[10:11] {Threei} dino, you see ENER?
[10:11] {dino} no, but i will
[10:11] {dino} ouch
[10:11] {Threei} along your alley, it seems
[10:11] {dino} gap around 60
[10:14] {Threei} I really hate to say it... but FRE/FNM could be worth a try for more than scalp
[10:15] {Threei} quite sustainable buying
[10:15] {Threei} I don't have reliable read on this kind
[10:15] {Threei} in terms of exact entries
[10:16] {dino} ener v sm l .01, wide risky
[10:19] {Threei} Long Setup: UAUA .27
[10:19] {Threei} stop under .10
[10:21] {dino} out ener 63.03, +1.02 ty 3i
[10:21] {Threei} welcome sir
[10:21] {Threei} had all markings of your kind of play
[10:22] {dino} ffiv spike
[10:22] {magoo} how come only dino allowed to take those??
[10:22] {dino} balls magoo
[10:22] {Threei} sorry ags
[10:22] {Threei} rules are rules
[10:22] {Threei} dino's play is dino's play
[10:22] {GeoArb} hmmm rules on balls
[10:23] {GeoArb} oh ok
[10:23] {dino} lol
[10:24] {Threei} let's trail UAUA stop to .14
[10:25] {Threei} FRE non-stop
[10:26] {Threei} if anyone jumped on it, I'd out here
[10:27] {Threei} sorry for not very specific calls on this kind guys
[10:27] {Threei} I am usually much more precise
[10:27] {Threei} but this kind during this uncertain times makes it more of gut plays than technicals
[10:28] {Threei} trail UAUA to under .20 and look to exit or partial on a spike 'over .40
[10:28] {hawkfan4} have FNM from yesterday .868 {ducks}
[10:28] {Threei} how did I know that...
[10:28] {dino} lol, gj
[10:28] {Threei} you have this streak in you, lol
[10:28] {hawkfan4} :) thx
[10:29] {Threei} UAUA does these disgusting teleportations
[10:29] {Threei} have your order in
[10:29] {Threei} then it can hit it on spike
[10:29] {dino} denny crane
[10:35] {dino} qsii
[10:36] {dino} ener double bottom
[10:37] {dino} v sm l .01 again
[10:39] {GeoArb} whats up with uaua?
[10:39] {GeoArb} all over
[10:39] {Threei} that's how it trades lately
[10:39] {dino} stop to b/e
[10:40] {dino} ener stopped flat
[10:43] {Threei} AIG started the shakeout process
[10:44] {Threei} considering how severe pullbacks are I wouldn't be shocked to see it drpping as far as 5 before recovery
[10:44] {magoo} it would be pretty demoralizing if this mkt goes red
[10:45] {Threei} it can do it easily
[10:45] {Threei} remember, according to my "plan", we are in rinsing stage
[10:45] {Threei} market is more concerned with getting rid of early longs thatn anything else
[10:46] {magoo} what u do? have mkt over for shiskabob and conversation ?
[10:46] {dino} banks losing it
[10:47] {Threei} look at FRE
[10:48] {Threei} quite sever setback
[10:48] {Threei} severe
[10:49] {dino} ensg
[10:53] {peterg} who bought it at .86?
[10:53] {peterg} fess up
[10:53] {peterg} was it me?
[10:53] {peterg} No;
[10:55] {Threei} RIMM
[10:55] {Threei} awww
[10:55] {Threei} late
[10:55] {Threei} 98 break was what I had in mind :(
[10:55] {Chaeron} Good morning all...
[10:55] {Threei} chaeron :)
[10:55] {Chaeron} magoo, you got RIMM in time? Hi Threei
[10:55] {magoo} nah
[10:56] {Threei} gave second chance
[10:56] {dino} ener v sm l .81 risky
[10:56] {Threei} be quick to take profit who got it
[10:59] {Threei} US TSY PAULSON: TREASURY NEEDED THE BAZOOKA IN ORDER TO DEAL WITH FRE AND FNM
[11:00] {Threei} nice imagery
[11:03] {Threei} - Notes the GSE rescue was an example of broad authorities working as they should.
[11:03] {Threei} - these comments were off-script from the text of Paulson's prepared remarks.
[11:04] {Threei} FDIC'S BAIR: BANKING SYSTEM IS DOING 'WELL' DESPITE RECENT TURMOIL
[11:04] {Threei} oh cool
[11:06] {Threei} Ben is speaking now
[11:07] {peterg} what he say?
[11:07] {dino} syut
[11:07] {Threei} ugh... I can't type that fast :)
[11:07] {dino} he says: "baseball been very good to me"
[11:07] {peterg} rofl
[11:08] {dino} old sat. night live
[11:08] {peterg} are our campadres too young to rbr?
[11:08] {peterg} like yesterday
[11:08] {peterg} 4 me
[11:09] {magoo} l aapl small here
[11:12] {dino} ener stopped -.55 v sm
[11:13] {dino} rinsed
[11:14] {magoo} out aapl .85, +51
[11:14] {dino} gj
[11:14] {peterg} tks mags,
[11:15] {magoo} fairly easy
[11:15] {peterg} ..58
[11:15] {magoo} your welcome
[11:17] {peterg} actually, +.68, ty
[11:17] {magoo} beat me
[11:17] {magoo} it went a point from entry
[11:17] {peterg} never
[11:20] {pita} happy hunting - gotta go.......
[11:22] {dino} ensg sm l .45
[11:30] {Threei} ben: I am a college professor, I never worked on Wall Street
[11:30] {dino} ener v sm l .40
[11:30] {Threei} FED CHAIRMAN BERNANKE: MARKETS WOULD DETERIORATE WITHOUT THE ADDITION OF THIS MARKET RESCUE PLAN - Q&A
[11:30] {Threei} - Notes that the size of the plan is necessary in order to be 'adequate' as a resolutuon
[11:30] {Threei} - Says that if the valuation of assets is accurate, then it is possible recover most of the value of assets over a period of time, and the taxpayer should be mostly unharmed
[11:30] {Threei} - Feels that jobs may be lost if the markets do not function properly{
[11:31] {dino} gapping
[11:39] {dino} why the worry about losing steve jobs
[11:41] {magoo} vad, it seems UAUA no longer connected to uso fwiw
[11:42] {magoo} appx .70 cent drop uso with no response
[11:45] {Threei} TREASURY SECRETARY PAULSON: URGING CENTRAL BANKS AROUND THE WORLD TO ADOPT SIMILAR PLANS TO THE US BAILOUT
[11:45] {Threei} yes mags
[11:45] {Threei} more like moving with NQ now
[11:46] {magoo} sorry to wake u up he he
[11:47] {Threei} lol
[11:48] {GeoArb} off to work
[11:48] {GeoArb} cheers
[11:48] {magoo} bye geo
[11:50] {dino} cya geo
[11:55] {Threei} [10:43] {Threei} AIG started the shakeout process
[11:55] {Threei} [10:44] {Threei} considering how severe pullbacks are I wouldn't be shocked to see it drpping as far as 5 before recovery
[11:56] {Threei} how about that?
[11:56] {hawkfan4} great call
[11:57] {Threei} ty
[11:58] {magoo} why didn't u call it short?
[11:58] {dino} ener stopped too hard
[11:59] {Threei} guess why mags
[11:59] {Threei} 3 attempts
[12:01] {dino} spwr spike
[12:02] {Threei} range is defined now, 5 - 5.20
[12:02] {Threei} 5.21 long acordingly... desirably if consolidates a bit tighter so stop would be not that wide
[12:04] {Chaeron} Times Online September 23, 2008 CEO murdered by mob of sacked Indian workers Corporate India is in shock after a mob of sacked workers bludgeoned to death the chief executive who had dismissed them from a factory in a suburb of Delhi.
[12:09] {dino} wow
[12:10] {Threei} is it a sign of things to come?
[12:13] {dino} dogs and cats living together in sin, is the sign
[12:13] {dino} ask ghost busters
[12:15] {Threei} hawk, you are partialling out FRE, right?
[12:15] {hawkfan4} yes, i sold more than half at 1.37
[12:15] {dino} gj
[12:15] {hawkfan4} thx
[12:15] {dino} i still think they wipe out the common
[12:15] {Threei} cool beans
[12:16] {Threei} quite possible dino
[12:16] {Threei} I just don;t think it'll happen nearest days
[12:16] {Threei} they have their hands full
[12:16] {Threei} and FRE/FNM issue ceased to be immediate fire to put out right now
[12:17] {dino} what better time than when you can't short it, but who knows
[12:18] {Threei} yeah, no way I would commit to them for longer timeframe
[12:22] {Threei} WM started its shake
[12:23] {Threei} with this one it's even more dangerous
[12:23] {dino} ener seems to have a range going 590-60.60
[12:23] {Threei} oil is dropping nicely
[12:24] {Threei} what a show it did yesterday on Oct contract
[12:26] {dino} nue sm l .00
[12:37] {Threei} .long rimm 98.10 if stays above 87.90
[12:37] {Threei} 97.90
[12:37] {Threei} Long Setup: RIMM 98.10 if stays above 97.90
[12:37] {Threei} there... got it right
[12:38] {Threei} useless though, invalidated
[12:38] {Threei} becomes a bounce candidate
[12:40] {Threei} mags, ready?
[12:40] {magoo} yes
[12:41] {Threei} quick dive under 97
[12:41] {Chaeron} what's the call???
[12:42] {Threei} or break of .25
[12:42] {Threei} if doesn't lose 97
[12:42] {Threei} but it should
[12:44] {dino} nue stopped -.38
[12:44] {Threei} in
[12:44] {Threei} stop under .80
[12:45] {Threei} 1:1 is easy
[12:45] {Threei} want more though
[12:46] {dino} v sm risky, ener l .02
[12:48] {Threei} offering half RIMM at .55
[12:48] {Threei} getting greedy I guess
[12:50] {Threei} out half
[12:51] {Threei} offering the balance at .95
[12:51] {magoo} out here .78 TY vad
[12:51] {Threei} welcome sir
[12:51] {magoo} i like when u read rimm with me
[12:52] {dino} dxpe
[12:53] {Threei} ah come on... 2 cents shy?? :)
[12:54] {Threei} I take it hearing doesn't go very well for paulson-the-bazooka-carrier?
[12:56] {Threei} +.91 on second half
[12:56] {Threei} was worth the wait
06[12:57] * magoo slaps Threei around a bit with a large trout
[12:57] {Threei} oh great
[12:57] {Threei} I find nice play, give it to him blow by blow, and what do I get in return
[12:57] {Threei} not halibut
[12:57] {Threei} not even salmon
[12:57] {Threei} loausy trout
06[12:58] * Threei is sniffing
[12:58] {magoo} weell..
[12:59] {Threei} US TREASURY'S PAULSON: MONEY MARKET BACKSTOP SHOULD NOT BE PERMANENT
[12:59] {Threei} {FII LM BK}
[12:59] {dino} gj
[12:59] {Threei} no kidding... permanent backstop is not even socialism
[12:59] {Threei} pure highway robbery
[12:59] {dino} out ener slipped .55 +.53
[13:01] {Threei} sharp dive market
[13:01] {Threei} MS
[13:01] {Threei} AIG
[13:01] {Threei} SUSPENDS DIVIDEND ON COMMON STOCK
[13:02] {Threei} MS bounce candidate
[13:03] {Threei} needs more selling for me to feel more confident
[13:06] {dino} fast drop
[13:06] {Threei} that's more like it
[13:06] {Threei} ideally, closer to 25.5
[13:09] {dino} ensg stopped .15, -.30
[13:09] {Threei} not really liking it here
[13:09] {Threei} if it's a bottom, I'll miss it
[13:09] {peterg} ms bounce?
[13:09] {Threei} yeah
[13:11] {Threei} AIG
[13:11] {Threei} NAIC CHIEF: HOLDERS OF AIG POLICIES ARE 'SAFE'
[13:12] {Threei} if I were policy holder, I'd run scared out of my mind after this reas'surance
[13:14] {Threei} LARGE HOLDERS REPORTEDLY EXPECT TO RECEIVE NOTICE ON FINANCIAL POSITION OF COMPANY LATER TODAY - UNCONFIRMED REPORT
[13:14] {Threei} - Reminder there were reports earlier of a meeting of Top holders and the discussion prospects for accepting US Govt deal
[13:17] {magoo} vad, rememnber my comment earlier on going red
[13:18] {magoo} not good here
[13:20] {Threei} you commented anything earlier today?
[13:20] {magoo} sure
[13:20] {Threei} I just wanted to ask whether anyone seen magoo
[13:20] {Threei} rare case when I haven't heard from him throughout the whole day
[13:20] {dino} -4.3% dji since fri high
[13:21] {dino} ilmn sm l .00
[13:22] {peterg} world's biggest idiot, me, made +3.00 on apple short I didn'
[13:23] {peterg} t know I had. Taking day off for zen meditation
[13:23] {Threei} wow
[13:23] {Threei} lol
[13:23] {dino} lol, better lucky than good,
[13:23] {peterg} right, thks
[13:23] {Threei} well, take it as a sign fron high above:
[13:23] {magoo} roflol
[13:23] {Threei} you are supposed to be a trader
[13:23] {Threei} don't fight your destiny
[13:23] {magoo} u should start a trading room for idiots
[13:23] {peterg} I likethat
[13:24] {Chaeron} harsh mags :)
[13:24] {Threei} lord, gave me power to keep silent
[13:24] {Threei} because you know, oh lord, I have so many combcks to that for magoo
[13:25] {Threei} what, no trout? :)
[13:25] {Threei} magoo is not here apparently
[13:25] {Threei} but seriously peter... congratulations
[13:25] {Threei} klittle luck never hurts
[13:26] {dino} luck is a part of it, imo
[13:26] {peterg} thanks--gotta get lunch
[13:29] {Threei} nice bounce MS
[13:29] {Threei} I want a membership in room for idiots
[13:29] {dino} you already are
[13:30] {magoo} u are running the room vad lol
[13:30] {Threei} hehe
[13:30] {Threei} oops... hehe is wrong reaction
[13:31] {Threei} righteous indignation is right one
[13:31] {Threei} and...
06[13:31] * Threei slaps magoo around a bit with a large trout
[13:31] {Threei} wow MS
[13:31] {Threei} what a drop
[13:34] {hawkfan4} Kentucky senator just said that he was frightened to the point of near panic because he doesn't think the plan will work. a real confidence booster
[13:35] {Threei} no kidding
[13:35] {dino} 5%
[13:35] {Threei} he has any thoughts on why it may or may not work, aside of his lack of intestinal fortitude?
[13:36] {dino} the panic is because he's afraid the public will blame him and not vote him back in
[13:37] {Threei} now, that must be a truly scary thought
[13:37] {dino} what will i do, i'm not qualified for anything
[13:38] {Chaeron} run for office
[13:38] {Threei} senator who doesn't want to flip burgers... imagine that
[13:38] {cosmo} maybe he could join our room?
[13:38] {magoo} u idiot cos he he
[13:39] {magoo} when l;aser logs in...lets all call dave an.u guessed it..............IDIOT lol
[13:39] {Threei} not me
[13:40] {Threei} I still haven't gotten a wire from last withdrawal;
[13:40] {Threei} not going to risk it
[13:40] {magoo} oh shit...im the idiot
[13:42] {cosmo} idiots will inherite the earth
[13:43] {cosmo} MNKD may have life still
[13:45] {cosmo} needs to hold 4.60
[13:50] {dino} celg sm l .70
[13:57] {Threei} SPEAKER OF HOUSE PELOSI: MAKING PROGRESS ON THE BAILOUT BILL
[13:57] {Threei} you feel relief?
[13:58] {cosmo} i would never admit to that...
[14:00] {Threei} US HOUSE REPORTEDLY PASSES 312-112 ON CREDIT CARD BILLING RULES OPPOSED BY BUSH ADMINISTATION
[14:00] {Threei} FED BUYS SECURITIES OUTRIGHT TO ADD TO PERMANENT RESERVES
[14:00] {Threei} {TLT}
[14:01] {dino} there's your ppt
[14:01] {dino} they are admitting it
[14:02] {cosmo} they?
[14:02] {Threei} THEY
[14:02] {Threei} AMZN
[14:02] {Threei} HEARING PIPER JAFFRAY MAKING CAUTIOUS COMMENTS (TIMING UNCERTAIN)
[14:02] {Threei} lol
[14:02] {Threei} for how long AMZN exists, Pipr hates then
[14:02] {Threei} them
[14:02] {Threei} always downgrades, wanrs etc
[14:03] {dino} "they", plunge protection team
[14:03] {cosmo} hmm...them
[14:04] {magoo} who???
[14:04] {cosmo} MNKD.... should hold 4.65
[14:04] {Threei} FED'S BERNANKE: US CREDIT RATING IS AFFECTED BY ALL WE DO, UNSURE HOW THE RATING AGENCIES OPERATE
[14:04] {dino} us
[14:04] {cosmo} needs to hold 4.60
[14:05] {Threei} ben's losing it
[14:05] {Threei} ok, can't help it:
[14:05] {Threei} Long Setup: FRE .25 if stays above .20
[14:05] {Threei} NY FED: REPORTEDLY PLANS TO PURCHASE GSE DISCOUNT NOTES TODAY
[14:05] {Threei} {FRE FNM}
[14:06] {dino} call him bernie
[14:06] {Threei} as in "good job bernie"?
[14:07] {dino} more like "weekend at bernie's"
[14:07] {Threei} lol
[14:07] {cosmo} he's a real figure head...
[14:10] {cosmo} bernie, that is...
[14:11] {dino} :)
[14:12] {Threei} NY FED: REPORTEDLY PLANS TO PURCHASE GSE DISCOUNT NOTES TODAY; BUYING AGENCY NOTES MATURING BETWEEN OCT 2008 AND JULY 2009
[14:12] {Threei} - purchases to close at 2:30pmET{FRE FNM}
[14:12] {Threei} I don't know what it means for common, if anything
[14:16] {dino} typically nothing, bondholdeers would own company
[14:17] {Threei} FRE 1;1
[14:17] {dino} bondholders wipe out common, then issue new
[14:34] {Threei} SENATOR DODD: DRAFT LEGISLATION FROM TREASURY IS UNACCEPTIBLE IN CURRENT FORM
[14:34] {Threei} party pooper
[14:34] {magoo} l aa[pl .50
[14:34] {Threei} SENATOR SHELBY: WE WILL NOT RUBBER STAMP THE TREASURY PLAN
[14:38] {dino} l
[14:38] {magoo} out .91 FAST
[14:38] {dino} .
[14:38] {magoo} .
[14:38] {dino} out celg .30, +.70
[14:38] {magoo} am i here??
[14:39] {Threei} ummm
[14:39] {dino} .60 i mean
[14:40] {Threei} .70 was good enough dino
[14:41] {magoo} so mkt should NOT like this correct?
[14:42] {Threei} ?
[14:42] {Threei} do we have a server problem?
[14:42] {magoo} am i here?
[14:42] {Threei} let's see
06[14:42] * Threei slaps magoo around a bit with a large trout
[14:43] {magoo} kkep hearing "disconnected"
[14:44] {Threei} wierd
[14:44] {Threei} onvious problem somewhere, half of the room gone
[14:44] {Threei} and not getting ping response on you
[14:46] {magoo} i keep hearing the room message"disconnected"
[14:46] {Chaeron} .
[14:48] {magoo} yup
[14:49] {Threei} market is spiking
[14:49] {Threei} MS break of .,70 should be good for a scalp
[14:50] {Threei} too deep pullbacl
[14:50] {Threei} bounce candidate rather
[14:50] {peterg} no ping, but here
04[14:51] -} [peterg] PING
[14:51] {Threei} ping replies are very long
[14:51] {peterg} about 3 min disconnect ping
[14:51] {peterg} maybe sniper takes em out one at a time
[14:51] {Threei} [14:46] [magoo PING reply]: 2mins 11secs
[14:52] {peterg} no maybe 13 min no ping
[14:52] {Threei} [14:48] [Chaeron PING reply]: 1min 50secs
[14:52] {Threei} -----------
[14:52] {peterg} 3i, repeat after me: weird, not wierd; weird, not wierd
[14:52] {Threei} lol
[14:53] {Threei} 14:52] [peterg PING reply]: 1min 46secs
[14:54] {peterg} yes, weird
[14:54] {peterg} weirdly long
[14:55] {peterg} any theory?
[14:55] {Threei} server or route somewhere

[15:28] {Threei} sheesh
[15:29] {Threei} got dumped
[15:29] {dino} got booted, anyway out celg +.60 at .30, out ilmn .45, +.45
[15:29] {Threei} gj
[15:32] {Threei} look at ABK from the day when shorts were banned
[15:34] {dino} down, like most banks
[15:34] {GeoArb} anyone else have loging issues?
[15:35] {GeoArb} loking at the numbers i guess yes
[15:35] {Threei} yes geo
[15:36] {dptl} have a good evening all :)
[15:36] {dino} yes geo
[15:37] {Threei} take care dp
[15:37] {GeoArb} just when i was going to short aig 50k shares
[15:37] {Threei} wait till Oct 3
[15:44] {Threei} so far, point 1 of my forecast is being fulfilled
[15:46] {dino} ener approaches lod
[15:46] {Threei} market cascading down
[15:47] {Threei} ummm... can anything cascade up?
[15:49] {Threei} magoo was right on red close... whereever magoo is
[15:50] {Threei} hawk... you holding any of those finnies overnight?
[15:50] {hawkfan4} just a little of aig and fnm, teeny
[15:50] {Threei} OK... as long as they can't hurt you badly
[15:51] {hawkfan4} nah, and i might dump if they drop from here, or after hours
[15:51] {dino} magoo's slacking
[15:51] {Threei} in a strange twist of logic,
[15:51] {Threei} this dump may actuaally help convince lawmakers
[15:53] {Threei} easy force-feedback loop
[15:53] {Threei} package announced, market explodes
[15:53] {Threei} they procrastinate, market dumps
[15:54] {GeoArb} now thats just blackmail
[15:54] {Threei} and you would put it pass whom? :)
[16:00] {Threei} thank you all
[16:01] {Threei} have a good evening, see you tomorrow for the next act of drama
[16:01] {hawkfan4} cya all
[16:03] {dino} thx all, gj
[16:07] {GeoArb} thanks guys I am off

Sep 22 2008

Session Time: Mon Sep 22 00:00:00 2008

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

Sep 19 2008

Session Time: Fri Sep 19 00:00:00 2008

[08:19] {magoo} morning
[08:20] {tomg} morning
[08:21] {magoo} tom
[08:21] {tomg} u able to log in to laser magoo?
[08:21] {magoo} no, was gonna ask u
[08:22] {Threei} morning
[08:22] {tomg} nope
[08:22] {Threei} called dave yet?
[08:22] {tomg} no
[08:22] {magoo} morn vad...no, just got in
[08:22] {magoo} can u get in vad?
[08:22] {Threei} please do mags, I don't want to wake up family by phone talk
[08:22] {Threei} no
[08:23] {Threei} massive gap up
[08:24] {Threei} just how timely was yesterday's warning not to have any shorts overnights
[08:24] {magoo} left message on his cell now vad...do u have home phone number? dcc me ill call that
[08:33] {Threei} tom, should be up in 10 min
[08:34] {Threei} they need to incorporate this SEC order in software
[08:34] {Threei} it came out in the middle of the night
[08:35] {magoo} vad..dcc again
[08:45] {Threei} so... LEH didn't make it by just 1 week
[08:46] {Onix} gm all
[08:46] {Threei} Onix :)
[08:50] {Threei} read the message when you log in to Laser
[08:50] {Threei} explains the new shorting rules
[08:52] {tomg} i'm in now vad
[08:52] {Threei} yup
[08:52] {magoo} goitta reboot brb
[08:53] {Threei} DJI is up 532
[08:53] {Threei} NQ is up 75
[08:53] {Threei} lol
[08:54] {Threei} can you imagine holding any short over THIS night?
[08:57] {Threei} SKF is decimated
[08:57] {Threei} now, this would be a good short, lol
[08:58] {peterg} morning
[08:58] {Threei} peter :)
[09:05] {magoo} BACK
[09:06] {dino} gm all
[09:09] {Threei} dino :)
[09:10] {Threei} PRESIDENT BUSH TO MAKE STATEMENT ON ECONOMY AT 10:45AM ET
[09:11] {dino} it's b.s tho. think about it, all of the major banks/investment houses have propriety trading divisions, which short stocks.
[09:11] {dino} how do you think mer, gs, leh, etc made money
[09:11] {Threei} and hedge funds
[09:12] {dino} of course, good for us, but not when the public figures it out
[09:13] {fernp} Good morning all
[09:13] {Threei} fern :)
[09:13] {hawkfan4} gm all
[09:13] {Threei} hawk :)
[09:14] {magoo} i just to test tried to sh gs...not avail
[09:14] {dino} my daily rant, sorry guys
[09:14] {pita} gm all
[09:14] {dino} patience, hmmm +400 and another +400, what happens around 11590 and 11790?
[09:15] {Threei} pita :)
[09:16] {pita} we are saved! NOT!
[09:16] {Threei} but shorts are murdered
[09:17] {magoo} if we were down like 800 points this week..but up 400 yester and 500 tioday..we are above where crisis started
[09:18] {Threei} how bitter for LEH
[09:19] {Threei} imagine, to drown in just 2 ft from the shore
[09:19] {Threei} mama... just looked at WB
[09:20] {esemde} good morning....can't hook up to my trading platform.....
[09:20] {Threei} hi ese
[09:21] {peterg} Vad, looks like bsns as usual on laser, no?
[09:21] {Threei} yes
[09:21] {peterg} for shorts i mean
[09:21] {Threei} oh no
[09:21] {Threei} there are 799 stocks no one can short anymore
[09:21] {Threei} until Oct 2
[09:21] {peterg} i missed the list
[09:22] {dino} gov't manipulation
[09:22] {peterg} shows how powerful we have become.
[09:22] {peterg} It was us that did this
[09:22] {Threei} here is the list:
[09:22] {Threei} http://sec.gov/rules/other/2008/34-58592.pdf
[09:24] {Threei} MERRILL COMMENTS THAT CHANCES OF A DEAL BETWEEN WB AND MS ARE RISING (TIMING UNCERTAIN)
[09:24] {Threei} {WB}
[09:24] {peterg} well that takes some of the fun right out ot it
[09:24] {peterg} IT IS THEREFORE ORDERED THAT THERE WILL BE NO MORE FUN
[09:26] {Threei} lol
[09:33] {Threei} watching AIG for bounce scalp
[09:33] {Threei} not ready yet
[09:34] {Threei} gotta lwet some profit taking axhaust itself
[09:34] {Threei} only with better spelling
[09:35] {magoo} news BIDU vad?
[09:35] {magoo} only tech down
[09:35] {Threei} no
[09:36] {Threei} very soon AIG
[09:36] {Threei} I doubt I'll be able to alert in time
[09:36] {Threei} one more leg down probably
[09:37] {Threei} watching GS for guidance
[09:37] {Threei} 3.61 if holding .50
[09:38] {Threei} although I'd prefer one more dump
[09:40] {Threei} 3.51 now if holding above .40
[09:40] {Threei} although I'd prefer one more dump
[09:41] {Threei} FED STAFF: FED WILL MOST LIKELY NOT LOSE MONEY ON NEW LENDING PROGRAM, PROGRAM ALREADY POSITIVELY AFFECTING MARKETS
[09:41] {Threei} {XLF}
[09:41] {Threei} quick dive under 3 would be perfect
[09:41] {magoo} full or half?
[09:42] {Threei} liquidity is big, full
[09:42] {Threei} just keep stops
[09:43] {judijim} WOW good morning all
[09:43] {Threei} 3.10 got defended
[09:43] {Threei} jj :)
[09:43] {dino} grrrrrrrrrrrrrrrrrrrrrr, botted out of cyber, still not in
[09:43] {Threei} ouch
[09:43] {Threei} sorry dino
[09:43] {Threei} volume must be melting chipsets
[09:44] {dino} i should be back in time to short something, obviously missing the up
[09:45] {dino} 800 pts less than 20 hours, hmmm
[09:46] {Threei} missed AIG
[09:48] {Threei} Long Setup: ABK .20 break
[09:49] {Threei} stop under .10
[09:51] {pita} cant get chart ABK - are you in?
[09:51] {Threei} yes
[09:52] {dino} look out magoo, i'm going to throw something
[09:52] {pita} in .20
[09:52] {peterg} Govt orders stop to short sales in selected stox. Henceforth all traders are to think only happy positive thoughts.
[09:53] {Threei} stopped
[09:53] {peterg} negative feeling only allowed briefly when stopped
[09:53] {Threei} lol
[09:53] {peterg} then back to happiness
[09:54] {Onix} stoppe ABK
[09:54] {dino} 'talk to chuck" on hold for 20 minutes, then, hey, server trouble, sorry.....well i feel better now, sheesh!
[09:55] {patience} dino, just got tossed out of td waterhouse, site won't connect
[09:55] {patience} missed the opening, my daughters bike was stolen overnight, drove her to work
[09:55] {dino} sucks
[09:55] {dino} i'm in
[09:56] {patience} me too just now\
[09:56] {peterg} That chuck, such a nice guy
[09:56] {esemde} questrade is down as well dino....
[09:57] {Threei} wow
[09:57] {patience} bounced out again
[09:57] {Threei} tech hell acrosss the board?
[09:57] {Threei} where is laserdave, gotta shake his hand
[09:57] {Threei} or slap him
[09:57] {Threei} SKF halted?
[09:58] {dino} ultra financial short, hmmm, can it operate
[09:58] {Threei} really
[09:58] {dino} hmmmm
[09:58] {Threei} high confusion
[09:59] {dino} banks, brokers dropping
[09:59] {patience} gold dropping
[10:00] {peterg} other shoe dropping
[10:00] {Threei} TREASURY SEC PAULSON: FRE/FNM WILL BOOST ASSET BUYS
[10:02] {Threei} FDIC'S BAIR: MORE BANKS WILL FAIL
[10:03] {Threei} hmmm... weren't we just saved?
[10:03] {dino} ctxs
[10:04] {dino} too fasy
[10:04] {magoo} my god..the uphoria didn't last 30 moins
[10:04] {magoo} mins
[10:04] {dino} ctrp
[10:05] {Threei} well, such gap was bound to bring profit taking
[10:07] {dino} lots of gaps in charts, not good
[10:07] {Threei} FED OFFICIAL: ESTIMATED MONEY MARKET MUTUAL FUNDS HOLDINGS OF GSE DISCOUNT NOTES TOTTAL $69B
[10:07] {Threei} {FNM FRE}
[10:11] {Threei} AIMA: BANS ON SHORTING RECENTLY RELEASED MAY INCREASE COST OF CAPITAL FOR BANKS
[10:13] {Threei} Paulson on TV
[10:13] {Threei} TREASURY SEC PAULSON: NEWLY ANNOUNCED BAILOUT WILL APPROACH HUNDREDS OF BILLIONS OF DOLLARS, URGES CONGRESS TO TAKE ACTION NEXT WEEK - Q&A
[10:13] {Threei} eeck
[10:15] {Threei} interesting pause in the market
[10:15] {Threei} state of total confusion
[10:16] {patience} needed the electricity to start the mint's printing presses
[10:16] {dino} atlo?
[10:16] {Threei} big gap, OK... sell, take profit, cover those ill-fated shorts, OK... now what?
[10:17] {dino} tried to short wynn 98, couldn't borrow
[10:17] {magoo} what would hurt the masses most? neg 200 today
[10:17] {dino} ugh
[10:17] {dino} magoo, nice
[10:18] {Threei} MS
[10:18] {Threei} REPORTEDLY CALLS THE GOVERNMENT PLAN A GAME CHANGER FOR FIRM, STILL PREFER TO REMAIN INDEPENDENT - CNBC
[10:24] {Threei} something strange is happening
[10:25] {Threei} like liquidity dried up
[10:25] {patience} ?
[10:25] {Threei} UAUA dropped 40 cents in one gasp,
[10:25] {Threei} and it was not a normal trading
[10:26] {Threei} then moved back up
[10:26] {Threei} and again, bids and asks kind of teleported
[10:26] {peterg} Obi Wan says, after Alderon destroyed, " there has been a change in the Force.
[10:27] {dino} lol
[10:27] {Threei} maybe with a lot of trading platform being locked liquidity is low
[10:29] {esemde} am I reading ZION right it reached 107 bucks???and is now under 50....madness
[10:29] {magoo} i just thanking god we are not in the SKF now..we were in it alot yesterday
[10:29] {dino} yes peter, and the dark side (shorts) have been hurt
[10:29] {peterg} I used to like the dark side, before I could only have happy thoughts
[10:30] {Threei} that's what I show too ese
[10:30] {dino} sm risky s dji .35
[10:30] {esemde} holly crap...shades of before 2000 vad
[10:33] {Threei} market just about stopped trading
[10:38] {dino} dia stopped .63 -.28
[10:39] {fernp} seem like market lunchtime
[10:39] {Threei} amazing isn't it
[10:39] {fernp} a bit bored
[10:41] {Threei} wasn't CEG bought at at 26, cash??
[10:42] {Threei} 09/18/08 09:09am
[10:42] {Threei} [CEG] Constellation Energy Group Inc Warren Buffet's MidAmerican Energy signs tentative deal to acquire CEG for $26.50/shr, total deal value seen at $4.7B
[10:42] {dino} cash?
[10:42] {patience} see, he gets to go shopping when there is a sale on
[10:42] {dino} moodys downgrade
[10:42] {Threei} - Deal has been approved by boards of both companies, expected to close within nine months.
[10:42] {Threei} - CEG will issue $1.0B in preferred equity to Midamerican.
[10:42] {Threei} - Follow up: seperately, EdF notes "conditions are not in place" for it to raise its stake in CEG, although it will "keep its options open in the US."
[10:42] {Threei} good for him... my question is, whby is it trading at 22
[10:45] {Threei} this freeze in trading is not what you normally see after such price shocks
[10:46] {Threei} NQ locked within 5 points for 30 min
06[10:46] * laserdave1 slaps magoo around a bit with a large trout
06[10:46] * Threei slaps laserdave1 around a bit with a large trout
06[10:46] * laserdave1 slaps Threei around a bit with a large trout
[10:46] {Threei} dave... what a call on no shorts overnight
[10:47] {Threei} probably saved bacon of many traders
[10:47] {magoo} hey DAVE
[10:47] {laserdave1} ya crazy out there
[10:47] {laserdave1} what a gap
[10:47] {laserdave1} that was so sic
[10:47] {Threei} also. must compliment you on laser's handling these conditions
[10:48] {dino} dxd l .00
[10:48] {Threei} a lot of trading platforms reported meltdown this morning
[10:48] {Threei} (US) PRESIDENT BUSH: WE MUST ACT NOW TO PROTECT THE ECONOMY FROM SERIOUS RISKS, GOVERNMENT ACTION IS ESSENTIAL TO AVOID SEVERE DISRUPTION
[10:48] {Threei} - We must address the root causes behind the instability in mortgage market, assets.
[10:48] {Threei} please do
[10:49] {Threei} address Greenspan first
[10:49] {Threei} then the system
[10:49] {Threei} I want to see that guy exposed for what he is
[10:49] {magoo} to take heat from bush failed osama hunt..bush states "we want greenspan DEAD or ALIVE"
[10:49] {laserdave1} thta Bush
[10:50] {laserdave1} he really knows his stuff
[10:50] {Threei} the most incompetent and politicized Fed chairman in history
[10:50] {Threei} - There is an urgent need for Congress to approve the mortgage puchase plan.
06[10:50] * Chaeron slaps laserdave1 around a bit with a large trout
[10:50] {magoo} yeah..but vad...u made your fortune because of him correct?
[10:50] {Chaeron} Good morning all
[10:51] {Threei} chaeron :)
[10:51] {laserdave1} ah good morning :)
[10:51] {Chaeron} :)
06[10:51] * laserdave1 slaps Chaeron around a bit with a large trout
06[10:51] * magoo slaps Chaeron around a bit with a large trout
[10:51] {Threei} how do you figure mags?
06[10:51] * magoo slaps laserdave1 around a bit with a large trout
[10:51] {Chaeron} thanks... I love you guys too
[10:51] {magoo} u tell tale of being broke..entered mkts in greeney bubble
[10:52] {magoo} bubble was historic
[10:52] {Threei} I don't believe he had much to do with tech bubble
[10:52] {magoo} u made big $$
[10:52] {Threei} and I don't believe I made it thanks to bubble itself
[10:52] {magoo} it sure helped
[10:52] {peterg} and greenspan probably doesn't have a driver except cab driver
[10:53] {Threei} people who made money in those days thanks to bubble solely, lost what they made and then some when bubble bursted
[10:53] {peterg} live by sword, die by sword
[10:53] {Threei} who did make fortune thanks to his bubble are the RE speculators with no money
[10:54] {dino} firtune favors the bold, but darkness lays one step ahead
[10:54] {Threei} at least those who exited it in time
[10:54] {dino} fortune
[10:54] {Threei} he did all he could to contain tech bubble
[10:54] {Chaeron} so I didn't miss any really great trades?
[10:54] {Threei} RE bubble is yes, his creation
[10:54] {Threei} no chaeron
[10:55] {Threei} market fell asleep
[10:55] {Threei} you missed one stop
[10:55] {magoo} vad called ZION long off 50 bux chaer, exit 99 bux
[10:55] {Threei} lol
[10:55] {Chaeron} heheheh
[10:55] {magoo} just half lot tho
[10:55] {Threei} if USO drops sharply from here, UAUA scalp long
[10:56] {Threei} what a wierd look...
[10:56] {Threei} everyone sees what I see on UASUA level 2 and T&S?
[10:56] {Threei} almost no trading
[10:57] {Threei} thin bids and offers
[10:57] {Threei} much thinner than usual
[10:57] {peterg} took phone call--great line, dino
[10:58] {Threei} anyone?
[10:58] {brian3579} yes
[10:58] {Threei} ty
[10:58] {fernp} almost no prints in UAUA
[10:59] {Threei} let'as leave it alone
[10:59] {Threei} too wierd
[10:59] {Threei} and dangerous
[10:59] {brian3579} i dont talk much but always listening vad
[10:59] {Threei} :)
[10:59] {Threei} direct opposite of me
[11:00] {Threei} lol
[11:00] {Threei} at least accorsding to my wife
[11:00] {fernp} MPEL valid dbi?
[11:00] {dino} dxd stopped -.40
[11:00] {Threei} with .65 stop
[11:00] {fernp} ty
[11:01] {Threei} MPEL is unusually thin too
[11:01] {esemde} long MOLX .02
[11:01] {esemde} full lot
[11:02] {Threei} Long Setup: MSFT 25.01 if holding above 24.90
[11:02] {esemde} out MOLX .20
[11:02] {magoo} what???
[11:03] {magoo} we never trade sdofty
[11:03] {esemde} +.18
[11:03] {Threei} the rest is too thin today, mags {G}
[11:03] {Threei} nice one ese
[11:03] {Threei} clean JBE scalp
[11:03] {esemde} quick tks
[11:10] {Threei} 1:1
06[11:10] * Threei slaps magoo around a bit with a large trout
[11:10] {magoo} out .12 TY fl
[11:10] {Threei} and you didn't think I could trade MSFT
[11:11] {magoo} after i picked myself off floor and looked at it..i took it lol
[11:11] {Threei} lol
[11:12] {esemde} never crossed my mind that you couldn't do it Vad
[11:13] {Threei} thank you ese
[11:13] {Threei} it's magoo who doubts me ability to trade 25 cents for a phone call
[11:14] {esemde} anyone who can barbecue shiskabob like you do in my opinion....can do anything
[11:14] {Threei} lol
[11:14] {Threei} US SEN DODD: CONGRESS MUST BE ALLOWED INPUT ON FINANCIAL RESCUE PLANS
[11:14] {Threei} hmm?
[11:14] {magoo} well vad..u show me one pay phone in entire north east
[11:15] {Threei} what, civilization hasn't reached it yet?
[11:15] {Threei} home pigeons is a way to communicate?
[11:15] {Threei} oil quick drop
[11:17] {Threei} UAUA reacted... but really, I don't think I've seen it trading that thinly
[11:17] {esemde} nice move by MOLX....
[11:17] {Threei} MSFT went to 1:2 earlier
[11:18] {esemde} my NVDA swing trade is almost back to even
[11:18] {esemde} nother 20 cents
[11:19] {esemde} still lookin for theat 14 15 area
[11:20] {peterg} Good for you; I lost faith, bailed & ate it.
[11:20] {peterg} not tasty
[11:21] {Threei} Russian markets are halted again
[11:21] {esemde} Iwanted to add another couple of thousand at the 8 dollar level....it was just down there stupid as far as i was concerned
[11:22] {Chaeron} Thanks for MSFT Vad - took + $0.20 from it
[11:22] {Threei} good job Chaeron
[11:23] {Chaeron} oh sorry... in .02 - out .22
[11:24] {dino} qid l .00
[11:32] {Threei} PROSHARES ANNOUNCEMENT, WILL NOT TAKE ORDERS UNTIL FURTHER NOTICE DUE TO SEC ACTION
[11:32] {Threei} - Due to the emergency action announced by the Securities and Exchange Commission on September 18, 2008, temporarily prohibiting short sales of shares of certain financial companies, Short Financials ProShares (SEF) and UltraShort Financials ProShares (SKF) are not expected to accept orders from Authorized Participants to create shares until further notice. Unless notified otherwise, shares will be available for redemption by Authorized Participants as normal.
[11:32] {Threei} - The shares of these ProShares are expected to trade in the financial markets today, but may trade at prices that are not in line with their intraday indicative values. {SKF}
[11:37] {dino} lihr
[11:37] {Threei} REP FRANK: REASONABLY CERTAIN THE HOUSE WILL PASS A BAILOUT PACKAGE BY THE END OF NEXT WEEK, IN LINE WITH THE ADMINISTRATION'S TIMETABLE
[11:37] {Threei} {XLF}
[11:39] {Threei} ok guys, I know thinking is not very popular among us, but let's try
[11:39] {Threei} if Treasury buys mortgages,
[11:39] {Threei} does it or does it not mean huge upside for FRE/FNM?
[11:40] {Threei} SKF opened
[11:40] {dino} not touching it
[11:40] {Threei} no
[11:41] {Onix} ty Vad, i got .17 in MSFT
[11:41] {Threei} :)
[11:42] {dino} out qid -.27
[11:45] {Threei} no connection between SKF and financial stocks
[11:45] {Threei} some repricing is happening within ETF probably
[11:46] {Threei} GS... break of 130 long for adventurous souls
[11:46] {Threei} for very adventurous
[11:47] {Threei} for extremely adventurous
[11:47] {magoo} ok ok i get it
[11:48] {Threei} and specificsally for magoo... only ifd you are beyond adventurous
[11:50] {Threei} half out .65
[11:50] {Threei} out in full 131
[11:50] {Threei} buck for ya
[11:50] {magoo} nice..theres 1..u owe me 1 more pt
[11:50] {Threei} rofl
[11:50] {magoo} our newthingy
[11:51] {Threei} to quote dino... "tough crowd"
[11:52] {dino} indeed
[11:52] {Threei} and to quote ese... indeed
[11:52] {Threei} :)
[11:53] {dino} neu s .47
[11:53] {dino} sm
[11:53] {magoo} quote magoo vad
[11:54] {Threei} to quote magoo... what, just 1 point trade?? You owe me... you owe me big
[11:55] {magoo} :)
[11:56] {dino} ueic
[12:00] {esemde} outta here everyone...have a great weekend
[12:00] {Chaeron} bye ese!
[12:01] {Threei} take care ese
[12:01] {dino} cya es
[12:06] {pita} day job calling again - good fishing everyone...
[12:06] {magoo} have good one pita
[12:06] {Threei} take care pita
[12:22] {Chaeron} .
[12:23] {magoo} ..
[12:23] {Threei} and who is going to sweep all that?
[12:23] {Chaeron} ... - - - ...
[12:24] {Chaeron} I'll get it after close Threei
[12:24] {Threei} okay then... carry on littering around
[12:25] {Chaeron} market up 400+ and day feels done
[12:25] {peterg} .-.-.-.-.-.-.--.-.-.-.-.--.
[12:25] {Threei} Long Setup: MS half lot .76
[12:25] {magoo} interesting last hour and half coming
[12:25] {Threei} stop under .60
[12:27] {magoo} playing that off GS vad?
[12:27] {Threei} nah
[12:27] {Threei} its own setup
[12:28] {Threei} CNBC'S FABER: HEARING GE EXPECTED TO BE ADDED TO BANNED SHORT SALE LIST
[12:28] {Threei} {SPY LM CIT}
[12:29] {Threei} over 1:1 MS
[12:29] {magoo} out .99 TY
[12:29] {magoo} in .77
[12:29] {Threei} :)
[12:29] {magoo} +.41
[12:30] {Threei} hmm?
[12:30] {magoo} um...uh
[12:30] {Threei} lol
[12:30] {magoo} t6he in and outs are correct lol
[12:30] {Threei} MS
[12:30] {Threei} WSJ SAYS FIRM SEES MORE TIME TO DO A DEAL
[12:34] {Chaeron} MS - in 29.76 out 30.19 + 0.43
[12:35] {Chaeron} many thanks Vad
[12:35] {Threei} welcome sir
[12:35] {Threei} GE is running like crazy antelope
[12:35] {Chaeron} I'm playing it safe... Friday and all the witches you know
[12:36] {Threei} yeah, all 4 of them
[12:37] {Threei} next break MS
[12:37] {Threei} very sustainable buying
[12:38] {Threei} pullbacks are buyable so far
[12:38] {Threei} in .15
[12:38] {Threei} stop under 30
[12:39] {Threei} half out .47
[12:39] {Threei} stop to .09
[12:39] {Chaeron} sorry... missed - dang phone
[12:40] {magoo} me too phone
[12:40] {Threei} out in full
[12:40] {Threei} GE drops
06[12:40] * magoo slaps Threei around a bit with a large trout
[12:40] {Threei} what, you two phone each other instead of trading
[12:40] {Chaeron} of course you're on the phone you dummy... we're talking to each other
[12:40] {Threei} lol
[12:41] {Chaeron} lol.... I'm teasing 3i
[12:41] {magoo} roflol
[12:42] {Threei} use GE bounce to find next entry for bounce MS
[12:42] {Threei} awww
[12:42] {Threei} missed while typed, lol
[12:43] {Threei} they got disconnected now
[12:44] {Threei} GE itself is a bounce play though
[12:44] {Threei} desirably on a dive under .50
[12:47] {Threei} in .49, stop under .40
[12:47] {Threei} HOLDERS ARE PURSUING AN EFFORT TO HELP PAY OFF GOV'T LOAN TO PREVENT THE GOV'T FROM TAKING AN 80% STAKE IN AIG - WSJ
[12:53] {dino} cymi
[12:53] {Threei} AIG serous buying pressure
[12:55] {dino} if they can pull it off it will rock
[12:56] {dino} or take it private
[13:07] {Threei} who is running out of gas first on AIG, buyers or sellers
[13:11] {magoo} just make the call he he
[13:17] {Threei} well, looks like 4 break if holding 3.80
[13:17] {Threei} CEG...
[13:17] {Threei} EDF WILL PREPARE A COUNTER OFFER TO BERKSHIRE'S MIDAMERICAN - LES ECHOS
[13:17] {Threei} - reportedly EdF executives are meeting to discuss options.
[13:17] {Threei} - Note EdF is the largest holder (9.5%), and that as a result of bid, company notes it has no other choice.
[13:17] {Threei} - reminder: MIdAmerican signed a tentative deal to acquire CEG for $26.50/shr yesterday.{EDF.FR}
[13:18] {Threei} CIT
[13:18] {Threei} REQUESTS TO BE ADDED TO THE SEC SHORT SELL BAN LIST - CNBC
[13:22] {GeoArb} gm PST time
[13:23] {Chaeron} hey Geo
[13:23] {Threei} Geo :)
[13:23] {dino} DINO- requests to be added to SEC short sell ban list
[13:23] {dino} ENRON, too
[13:26] {magoo} vad,,whats with laser message? breaking ttades now??
[13:26] {Threei} some of those morning wierdos, like ZION
[13:28] {Threei} AIG probably lost mojo
[13:28] {Threei} too bad we can't short .80 break
[13:29] {magoo} blasthmamy
[13:30] {Threei} wooohoo
[13:31] {Threei} BAC
[13:31] {Threei} CEO: NOT ALL REGULATIONS ARE 'GOOD', PAULSON AND BERNANKE HAVE MADE CORRECT DECISIONS
[13:31] {Threei} "good job paulie and bernie!"
[13:31] {Threei} heckuva job
[13:31] {dino} meaning: "once we want to start shorting financials again, they must let us"
[13:32] {Threei} too bad we can live the same event twice, in parsallel universes... and compare results
[13:32] {dino} "our trading dept. has nothing to do, stocks have rallied too much"
[13:32] {dino} "lay-offs will occur w.o short selling employees"
[13:32] {Threei} we have two distinctive campas here
[13:33] {Threei} one camp says, this is the only solution, you guys who object you just don't understand what was at steake,
[13:33] {Threei} ask those who lived through Great Depression what 25% unemployment means
[13:33] {patience} my parents shook their children to the core with the later....i'm the second camp
[13:33] {Threei} another camp says, don't put us in debt for generations, let them fail, clran up and start anew
[13:34] {GeoArb} i have started fertilizing my backyard
[13:34] {GeoArb} ok that didnt come out right :)
[13:34] {Threei} rofl
[13:34] {patience} you're right
[13:34] {dino} lol geo
[13:34] {dino} i'll send my dog to help
[13:36] {Threei} I don't have my own opinion, really... beyond my scope of understanding all the possibilities, odds and implications
[13:36] {Threei} this is too vast for this amateur
[13:36] {dino} i'm in the 2nd camp, if they had let bsc fail, pethaps the others would have acted
[13:36] {Threei} I am happy I was able to trade through this period profitably
[13:37] {GeoArb} i am just happy that financial engineers are being punished
[13:37] {Threei} I don't know what to say dino... I can come up with zillion "yes but" for any position, lol
[13:37] {GeoArb} the next generation will go to real science and engeneering and make something for a change
[13:37] {Threei} Geo, but they don't
[13:37] {Threei} they are being bailed out, forgiven
[13:37] {Threei} and worst of all
[13:38] {Threei} they will be made heores!
[13:38] {Threei} heroes
[13:38] {GeoArb} all IBs are dissapearing
[13:38] {Threei} for rescuing the world
[13:38] {GeoArb} regardless wall street is going to be a different place to work in
[13:38] {dino} don't count on it.
[13:39] {GeoArb} wishfull thinking i guess
[13:39] {dino} where are all of the board of directors and ceo, cfo, etc} they should be indicted, but they won't. the worst is the boards, the get paid 6 figures and then say we did not understand
[13:40] {GeoArb} ias a famous econosit said
[13:40] {GeoArb} ceo pay isnt based on performance
[13:40] {GeoArb} its just a genourous gesture to oneself
[13:41] {dino} a popularity contest, just like politics
[13:47] {Threei} what a beautiful short .80 break would have been eh?
[13:51] {Threei} well so far very nice day even though not many trades
[13:51] {Threei} best of all, magoo got his $1 call
[13:51] {Threei} lett headache for me
[13:51] {Threei} less
[13:52] {Threei} and really... when was last time I called MSFT, lol
[13:52] {Threei} never?
[13:57] {Threei} look at ABK
[13:57] {Threei} I assume there are no short sellers on it, right?
[13:58] {Threei} OFHEO'S LOCKHART: SUPPORTS DECISIONS BY PAULSON, DIRECTS GSES TO BEGIN PURCHASES OF MBS
[13:58] {Threei} {XLF}
[13:58] {Threei} MBS?
[13:59] {Threei} ABK bounce soon
[13:59] {Threei} one more leg down probably
[14:01] {Chaeron} waiting patiently
[14:01] {GeoArb} geo{---- still fertilizing
[14:02] {GeoArb} okok i confess I am in between brokers so not trading :(
[14:03] {Threei} I am trying to make all $1 calls while you cxan't trade Geo...
[14:03] {GeoArb} thats just cruel vad
[14:03] {GeoArb} you can forget that case of shipped napa wine
[14:03] {Threei} magoo said he doesn't qwant to compete with you on entries and exits 'cause you always undercut him
[14:03] {GeoArb} me??? i am a rank newbie
[14:04] {Chaeron} did I miss ABK?
[14:04] {Threei} I guess chaeron...
[14:04] {Chaeron} sigh
[14:04] {Threei} wanted it closer to .50
[14:05] {Threei} it touched under .60 just for a brief second
[14:05] {Chaeron} yeah... let's see
[14:06] {Threei} PIMCO'S BILL GROSS ESTIMATES THAT THE US WILL PURCHASE US MORTGAGES AT $0.60 ON THE DOLLAR
[14:06] {Threei} maybe second chance coming chaeron
[14:07] {Threei} EDF CONFIRMS MEETING TO DISCUSS ISSUES RELATED TO MIDAMERICAN ACQUISITION OF CEG
[14:07] {Threei} {EDF.FR}
[14:13] {dino} .60 on dollar, then financials should rally, as they were using .30 i believe
[14:15] {dino} neu bstop to .02
[14:16] {Threei} AIG is trying again
[14:20] {Chaeron} on break of 4.09?
[14:20] {Threei} hard to tell... too thick
[14:23] {Threei} this is kind that is much better bought on pullback
[14:23] {Threei} it retreats constantly because of its thickness
[14:23] {Chaeron} yeah... didn't like action
[14:29] {Threei} SEC REPORTEDLY MAY ADD MORE FINANCIAL COMPANIES TO THE BANNED SHORT SELLING LIST
[14:29] {Threei} - Reminder CNBC reported that CIT and GE had also been added to the list, as had not been named before
[14:31] {dino} ge being added, give me a break
[14:34] {patience} never seen the tsx up over 700 points in one day before
[14:35] {Threei} EU'S JUNCKER: FINANCIAL MARKET RESCUE PLAN INITIATED BY THE US APPEARS 'WISE'
[14:35] {GeoArb} can i get my house on that list?
[14:36] {Chaeron} somehow, "government" and "wise" don't fit together.........
[14:36] {Threei} oxymoron
[14:36] {Chaeron} full of morons too
[14:37] {cosmo} wiseguys?
[14:37] {Threei} and someone, give magoo a vocabulary before he decides that I called him a moron
[14:37] {Chaeron} lol
[14:37] {magoo} too late
06[14:37] * magoo slaps Threei around a bit with a large trout
[14:37] {Threei} lol
06[14:37] * Chaeron slaps magoo with a dictionary and thesaurus
[14:37] {GeoArb} rumour is magoo is a wine and caviar kind of guy in real life
[14:38] {magoo} NOT
[14:38] {GeoArb} lol
[14:38] {Threei} yes, he is very refined
[14:38] {magoo} jim beam and tacos
[14:38] {Threei} tax is his clothes for morning run
[14:38] {GeoArb} you mean he cleans the cap efore opening the beer?
[14:38] {Chaeron} lol Geo
[14:38] {magoo} that does itttttttttt
06[14:38] * magoo slaps GeoArb around a bit with a large trout
[14:38] {GeoArb} heheheheh
[14:39] {GeoArb} i thought that was rather good
[14:39] {GeoArb} for me being a snob is drinking kronenberg 1664
[14:39] {GeoArb} thats just wrong
[14:40] {Threei} so what about WM that is being a subject of bidding war by 4 or 5 banks
[14:40] {Threei} why is this thing lies in mud
[14:41] {Threei} trying to find candidates for end of day run
[14:41] {Threei} AIG
[14:41] {Threei} WM
[14:41] {judijim} we're saying good bye for now. Take care everyone and good trading.
[14:41] {Threei} take care jj, have fun and good trading
[14:41] {dino} take care jj
[14:43] {Threei} ABK probably
[14:43] {Threei} drop from 8.5 to 4.5, should be bounce-worthy, no?
[14:46] {magoo} no
[14:46] {Threei} ok... let's try to get it at 4
[14:47] {Threei} AIG's crawling
[14:47] {magoo} full ?
[14:47] {Threei} sure
[14:47] {Chaeron} closer to 4?
[14:47] {dino} neu cov stopped .08 ave +.38
[14:47] {Threei} no way to tell exactly chaeron
[14:47] {Threei} but it's likely to lose 4.50 this time
[14:47] {Threei} here we go
[14:47] {magoo} lets sh it
[14:49] {magoo} missed it
[14:50] {magoo} only saw .45 area
[14:50] {Threei} AIG pullback
[15:05] {dino} matw sm l .58
[15:06] {magoo} what u got vad
[15:06] {Threei} where?
[15:07] {Threei} ABK I missed
[15:07] {Threei} AIG 4.07
[15:09] {Threei} (UK) UK'S DARLING: UK FINANCIAL MARKET ISSUES ARE SEPARATE THAN THAT OF THE US, HOWEVER ACTIONS BY THE FED AND TREASURY ARE SUPPORTED
[15:09] {GeoArb} i thought I was Uk's darling :)
[15:09] {GeoArb} feel free to kinck me out vad
[15:10] {Threei} lol
[15:10] {GeoArb} ok crap kink me out
[15:10] {Threei} CHICAGO BOARD OF OPTIONS EXCHANGE: SHORT SELLING BAN WILL COMPROMISE MARKETS
[15:10] {Threei} {XLF}
[15:10] {Threei} yup
[15:10] {GeoArb} agree
[15:10] {GeoArb} we are creating empt pockets with no resistance
[15:11] {Threei} Todd Harrison
[15:11] {Threei} "I don't profess to know how long this synthetic bid will last but it will remove an integral layer of demand in the marketplace. Once the life is squeezed out of the shorts--quite literally--the risk to the downside will perhaps be greater than during any time in history."
[15:11] {Threei} I tend to agree
[15:11] {Threei} this is two-sided sword
[15:12] {Threei} FRENCH SECURTIES REGULATOR AMF RESTRICTS SHORT SELLING
[15:12] {Threei} everyone got so short-banning happy
[15:13] {GeoArb} thats it
[15:13] {GeoArb} I am moving to eminis
[15:13] {GeoArb} i can short enything i want
[15:13] {Threei} until they ban it
[15:13] {GeoArb} NQ room vaD?
[15:13] {Threei} nah
[15:13] {Threei} boring
[15:16] {Threei} so why do financials drop with nop shorts?
[15:20] {dino} because fundamentally they are in a world of sh#t, and everybody knows it, so get me out
[15:20] {Threei} that was rhetoric question dino :)
[15:21] {dino} lol, i knew it was, but magoo didn't
[15:21] {Threei} wehat else is new
[15:21] {GeoArb} i thought some one will use "drp" and "shorts" to make up an answer
[15:22] {Threei} we are above that Geo
[15:22] {Threei} we are refined gentlemen
[15:22] {GeoArb} comeone atleast peterg
[15:22] {Threei} inspired by the image of magoo in taxedo
[15:23] {GeoArb} geo{--- goes back to his pipe smoking
[15:23] {Threei} better dust off that tax and join us
[15:23] {dino} dino just goes back
[15:23] {Threei} lol
[15:23] {GeoArb} heheh
[15:24] {Threei} cigar... fine cognac... plush leather chairs...
[15:24] {GeoArb} sounds like a ceo office
[15:24] {Threei} non-rushed discussion of trends in prioduction of ivory buttons for men's shirts in South Argentina in 18th century
[15:25] {dino} ahh yes, i remember those days
[15:25] {GeoArb} really?
[15:25] {dino} indeed
[15:25] {dino} vampire
[15:26] {dino} been around awhile
[15:26] {Threei} out AIG
[15:26] {Threei} .31
[15:27] {Threei} if pulls back nicely, going to try again
[15:28] {magoo} where?
[15:28] {magoo} i keep midssing
[15:28] {Threei} it gave you second chance after I told my entry...
[15:29] {magoo} well..im slow today
[15:29] {Threei} wow... AIG not pulling back anymore
[15:30] {Threei} come on
[15:30] {Threei} give me something better than .38
[15:32] {dino} neog sm l .02
[15:34] {dino} matw stopped -.50
[15:34] {Threei} SEC REPORTEDLY LOOKING AT EXEMPTING OPTIONS MARKET MAKERS FROM THE RULE AGAINST SHORT SELLING
[15:35] {dino} lihr
[15:36] {dino} yeah, lets save the makers, not the buyers, it just keeps getting weirder
[15:38] {Threei} well, they have contradiction between equities and options if no short selling allowed anywhere
[15:38] {Threei} and problems with hedging
[15:38] {Threei} they are just trying to remove this
[15:38] {Threei} it calls comedy of errors
[15:38] {Threei} one idiotic solution, instead of being abasndoned, gets fixed
[15:38] {Threei} oatched
[15:38] {Threei} patched
[15:38] {Threei} duct taped
[15:39] {Threei} until whole thing becomes so cumbersome, non-understandable and unenforceable, everything falls apart
[15:39] {Threei} they said shorts are banned till Oct 2
[15:39] {Threei} I sure hope they won't try and extend it
[15:40] {Threei} I would be interested to know,
[15:41] {Threei} was it pure emotional decision, plus some scapegoat search
[15:41] {Threei} or they looked at actual data
[15:41] {Threei} and decided there were problems with shorting financials
[15:41] {magoo} u like AIG ABK here long?
[15:42] {Threei} can't tell mags, it's momo plays
[15:42] {Threei} no technicals work
[15:42] {Threei} only watching them as momos, for frenzy buying can give you an answer
[15:43] {dino} they will extend it, as it is not enough time to fix the problem banks. if they don't look out below
[15:44] {Threei} well... till Oct 2 I elect to be naive and have faith in common sense return
[15:44] {Threei} on Oct 2 I am ready to be disappointed
[15:44] {dino} july it was stopped on some until aug., look what happened
[15:45] {dino} all the insiders will be getting out on the run up
[15:45] {Threei} amazingly enough, they didn't learn the lesson
[15:45] {dino} would've rather had the up-tick re-instated instead of the ban
[15:45] {Threei} better yet,
[15:46] {Threei} do your frikin job and reinforce your own rule: no illegal naked shorts
[15:46] {dino} yes
[15:46] {Threei} those are problem, not your normal shorts
[15:49] {Threei} what a week
[15:50] {dino} wabc bank getting whacked
[15:50] {Threei} darn shorts sneaked in I guess
[15:50] {Threei} ummm... that came out not right
[15:50] {Threei} lol
[15:51] {Threei} Ok guys, that was the most amazing and amuzing week in my whole trading career
[15:51] {Threei} stuff out of science fiction
[15:51] {dino} lol
[15:52] {Threei} let's have some rest
[15:52] {dino} buy a larger size
[15:52] {Threei} lol
[15:52] {Threei} yes
[15:52] {Threei} that'll help
[15:52] {Threei} thank you all
[15:52] {Threei} have a good weekend
[15:52] {Threei} see you on Monday
[15:53] {dino} cya 3i
06[15:53] * Threei slaps magoo around a bit with a large trout
[15:53] {Threei} NOW my week is over
[15:54] {dino} magoo, a brew
[15:54] {magoo} u got it
[15:55] {dino} out neog .48, +.46
[15:55] {magoo} officially drinking here
[15:55] {dino} slightly neg. today, but best week of moth
[15:58] {dino} adding a sm swing index short
[16:00] {fernp} have a happy weekend all
[16:00] {dino} calling it a week. take care and thx all

Sep 18 2008

Session Time: Thu Sep 18 00:00:00 2008

[08:07] {Threei} MS
[08:07] {Threei} DISCUSSIONS WITH WB ARE IMMINENT - CNBC'S GASPARINO
[08:07] {Threei} {WB}
[08:13] {brian3579} gm
[08:13] {Threei} brian :)
[08:21] {magoo} morn
[08:22] {Threei} magoo :)
[08:23] {Threei} NEW YORK TIMES REPORTS MS CEO CALLED CITI CEO PANDIT ON TUESDAY TO DISCUSS MERGER
[08:24] {magoo} vad, any news RIMM AAPL BIDU?
[08:25] {Threei} kidding?
[08:25] {magoo} huh?
[08:26] {Threei} they don't move on news these days
[08:26] {Threei} unless it's a very very significant news
[08:26] {magoo} im just making sure there isn't anything out there
[08:26] {Threei} market is gapping, they do too\
[08:27] {Threei} it's like ray of hope in the sea of dread
[08:27] {Threei} it's been so bad for so long,
[08:27] {magoo} any new recent news GS?
[08:27] {Threei} any sign of recovery is being greeted
[08:27] {Threei} now, this is right question
[08:27] {Threei} this group is totally news dependent
[08:28] {Threei} nothing GS=specific
[08:28] {Threei} general news in financial sector, a lot of them
[08:29] {Threei} how about this:
[08:29] {Threei} REPORTEDLY CEO MACK CALLED CITI CEO PANDIT ON TUESDAY TO DISCUSS A POTENTIAL MERGER - NEW YORK TIMES
[08:29] {Threei} - On the call Mack told Pandit "We need a merger partner or we're not going to make it."
[08:29] {Threei} - The report cites two people familiar with the situation, noting that Pandit turned down the merger proposal.
[08:29] {Threei} We need a merger partner or we're not going to make it.
[08:30] {Threei} there you have it...
[08:30] {Threei} every headline showing merger as coming - spike up
[08:30] {Threei} any headline denying it - sharp drop
[08:30] {Threei} MS is simply current market worry
[08:30] {Threei} much like FRE/FNM were,
[08:30] {Threei} then LEH,
[08:30] {Threei} then AIG
[08:31] {Threei} it's MS's turn
[08:31] {Threei} second place is probably WM
[08:32] {Threei} but any of big banks and brokers has potential to overatke as major worry if posts serious news
[08:36] {magoo} MB Trading message..penson can't handle volume last few days and not updating trade clearing..accts all wrong
[08:36] {magoo} i thought bear cleared thru penson
[08:36] {Threei} I don't think so
[08:37] {Threei} check with dave but I remember talk about self-clearing
[08:37] {magoo} could u imagine? last 3 days not getting actual confirmation of trades??
[08:38] {Threei} and getting quotes stuck on you
[08:38] {Threei} which is reported across the board by majoritty of brokers
[08:38] {Threei} no single hiccup on laser so far
[08:38] {Threei} even on heaviest volume like AIG
[08:39] {magoo} laser blew dinos mind yester, covered a sh in GS at 100 while prints were showing like 102
[08:40] {Threei} that's one frikin good software for sure
[08:41] {Threei} (IR) IRANIAN PRES: NO SUSPENSION OF IRANIUM ENRICHMENT AS HAS BEEN REQUESTED
[08:41] {Threei} {USO}
[08:43] {Onix} good morning everybody
[08:44] {magoo} Onix:)
[08:44] {patience} good morning RT, another interesting day coming :)
[08:46] {magoo} patience:)
[08:47] {Threei} onix, patience :)
[08:47] {cosmo} VRTX holds 25 ....so far...
[08:48] {Threei} MERRILL ANALYST SAYS WAMU COULD FECTH A TAKEOUT PRICE OF $2-$3/SHR (TIMING UNCERTAIN)
[08:48] {cosmo} # Vertex Pharmaceuticals Announces Pricing of its Public Offering of Common StockBusiness Wire(Thu 8:46am)
[08:55] {fernp} Good morning all
[08:55] {Threei} fern :)
[09:01] {Threei} here is interesting take on oil market:
[09:01] {Threei} http://www.atimes.com/atimes/Global_Economy/JI19Dj02.html
[09:02] {Threei} well worth read
[09:09] {dino} gm all
[09:09] {Threei} dino :)
[09:18] {Threei} PRESIDENT BUSH TO MAKE STATEMENT ON MARKET DEVELOPMENTS AT 10:15AMET
[09:18] {Threei} CEDC
[09:18] {Threei} REAFFIRMS GUIDANCE
[09:19] {esemde} gm
[09:19] {Threei} ese :)
[09:19] {Threei} magoo, for you:
[09:19] {Threei} AAPL
[09:19] {Threei} UPDATE: GOLDMAN SACHS RAISED AAPL TO BUY FROM NEUTRAL
[09:19] {esemde} get to hang with you all just a little bit
[09:21] {cosmo} LVLT
[09:22] {magoo} vad, i want another vad special 2 bux magoo trade today..ok?
[09:23] {Threei} no pressure eh?
[09:23] {patience} financials bounce up today vad?
[09:24] {Threei} if it was pure chart play, I'd say firmly yes
[09:24] {Threei} but with this barrage of news and constant developments at neckbreaking speed... who knows
[09:25] {patience} lots of central bank funding through the night....slosh slosh....money has to go somewhere
[09:25] {Threei} yes but why in financials :)
[09:25] {patience} or sell the bounce?
[09:25] {patience} never mind, i'll trade what i see :)
[09:26] {Threei} my feeling is, this money will try to find sectors with less risk exposure
[09:26] {magoo} tech is pummelled
[09:26] {Threei} andf start forming bottom for those sectors
[09:26] {Threei} while letting financials sort things out
[09:26] {Threei} tech is one
[09:26] {Threei} bth, AAPL is up a buck for you since my post, magoo
[09:27] {Threei} I am half dfone with your request
[09:27] {magoo} OH NO...OH NO..that was not a trade call like yesterday
[09:28] {Threei} sigh
[09:28] {Threei} no relief for me
[09:28] {dino} what only 2 bucks magoo, you don't ask for much
[09:34] {Threei} Long Setup: CALM small shares .50 break if stays above .25
[09:36] {Threei} half out CALM .95
[09:36] {Threei} scalpers take profit
[09:37] {Threei} offer other half 40.20 or so
[09:37] {dino} olmn stop to .08
[09:37] {dino} out +.50
[09:37] {dino} .54
[09:37] {Threei} wtg
[09:37] {dino} ty
[09:37] {dino} had computer cash
[09:37] {judijim} good morning all
[09:38] {Threei} jj :)
[09:39] {magoo} took calm this time vbad..nice
[09:39] {Threei} out or partialled?
[09:40] {magoo} full out
[09:40] {magoo} u know me
[09:40] {Threei} OK
[09:40] {magoo} but took hl
[09:40] {dino} ilmn sm l .15 stop .95
[09:41] {esemde} looking at CORS pullback
[09:42] {dino} light or extra gold
[09:44] {Threei} EU'S ALMUNIA: CAN NOT RULE OUT SOLVENCY ISSUES IN EUROPE, NOR ADDITIONAL GOVT INTERVENTATION IN FINANCIAL COMPANIES
[09:44] {Threei} {XLF}
[09:45] {magoo} where are the dip buyers?
[09:45] {Threei} UAUA
[09:45] {Threei} BOOSTS LIQUIDITY BY APPROXIMATELY $1.2 BILLION, COMPLETES CHASE AGREEMENT
[09:46] {esemde} cors light
[09:47] {Threei} Long Setup: RIMM .50 break
[09:47] {dino} :) es
[09:48] {magoo} lets wait vad for qqqq to reverse
[09:48] {Threei} goes without saying
[09:48] {magoo} r u cranky
[09:48] {dino} ilmn stop to .64
[09:48] {Threei} ain't I always?
[09:48] {dino} out +.49
[09:48] {magoo} oh yeah..thats right
[09:49] {Threei} :)
[09:49] {Threei} if loses 95 becomes rather a bounce play
[09:49] {magoo} again, first sign of strenght q
[09:49] {Threei} yup
[09:49] {Threei} I mean... goes without saying
[09:49] {magoo} lol
[09:51] {Threei} in
[09:51] {Threei} stop under 95
[09:51] {magoo} .23
[09:53] {Threei} dumped .95
[09:53] {Threei} was totally ready for a buck move, don't know suddenly killed it
[09:54] {magoo} really....
[09:54] {patience} tsx up 405
[09:54] {Threei} MS
[09:54] {Threei} CHINA'S CIC REPORTEDLY LOOKING TO INCREASE ITS STAKE TO 49%
[09:54] {magoo} aapl went ..q went..rimm srtarted
[09:55] {magoo} now that was nasty of rimm
[09:55] {dino} ms sm l .38
[09:55] {Threei} jeez
[09:56] {Threei} lol
[09:56] {Threei} good thing MS compensated me meanwhile
[09:56] {Threei} that's some trick onRIMM's part
[09:56] {magoo} what entry u have on rimm..just seeing if my instincts was good
[09:56] {Threei} same as you
[09:57] {magoo} oh..cool
[09:57] {magoo} that trade would work 90% of time
[10:00] {Threei} AUG LEADING INDCATORS: -0.5% V -0.2%E
[10:00] {Threei} SEPT PHILADELPHIA FED INDEX: 3.8 V -10E
[10:00] {Threei} wow
[10:01] {dino} out ms .10, +.72
[10:01] {Threei} wtg
[10:01] {dino} ty for heads up news
[10:01] {Threei} :)
[10:01] {Threei} notice interesting thing
[10:01] {Threei} WB went down on this news
[10:02] {Threei} MS's increase of chance to stay indcependent means no merger for WB
[10:02] {Threei} new pattern emerges
[10:03] {dino} ilmn sm l .40
[10:04] {esemde} OK dino...I chickened out...where would you have gotten in on CORS...and why....
[10:04] {Threei} REPORTEDLY BANK OF CHINA EXECUTIVE STATES THEY ARE NOT READY TO INVEST IN LARGE FOREIGN BANKS
[10:04] {Threei} *This story was originally posted to clients entitled to Global Equities{XLF }
[10:04] {esemde} 5.80?
[10:05] {Threei} if I am right WB should bounce on this news
[10:05] {dino} ilmn stop is .09
[10:05] {Threei} there you go
[10:06] {esemde} is 6.20 still viable dino on Cors
[10:06] {dino} stopped -.31
[10:06] {Threei} starts looking like tradeable pattern
[10:06] {Threei} you got the idea guys?
[10:08] {Threei} grave silence was the answer to him
[10:08] {cosmo} uaua
[10:10] {dino} ugh ilmn rinse
[10:14] {Threei} REITERATES CNBC REPORT THAT MERGER TALKS HAVE REACHED A MORE FORMAL STAGE WITH WB
[10:14] {Threei} {WB}
[10:15] {dino} v sm l .01 wide
[10:16] {Threei} MS
[10:16] {Threei} REPORTEDLY THE MERGER TALKS HAVE REACHED A MORE FORMAL STAGE WITH WB, ALSO DISCUSSING OPTIONS WITH OTHER FINANCIAL COMPANIES - UNCONFIRMED REPORT
[10:16] {Threei} - Note this reiterates a CNBC report earlier this morning{WB}
[10:17] {cosmo} uaua hod = 12
[10:18] {cosmo} fyi
[10:18] {Threei} oil drop helping it
[10:18] {Threei} don't pay UAUA on its own merits
[10:18] {Threei} have USAO on your screen
[10:18] {Threei} USO
[10:18] {cosmo} got both
[10:18] {Threei} you are good then
[10:19] {cosmo} oh gee....
[10:19] {Threei} hehe
[10:19] {cosmo} :)
[10:19] {Threei} USO is bouncing, watch UAUA follow the suit and drop
[10:19] {cosmo} hmm
[10:20] {Threei} it waits a little, as if to see if that's real bounce on USO, or just cople upticks
[10:20] {Threei} there you go
[10:22] {dino} v stop to .44
[10:22] {dino} out v +.43
[10:25] {cosmo} uaua ... to the moon?
[10:26] {Threei} if oil to the center of earth, yes
[10:27] {cosmo} that's one of the theories ... yes
[10:27] {Threei} (RU) FITCH SEES GROWING LIQUIDITY CONCERNS FOR RUSSIAN CORPORATIONS
[10:27] {Threei} {RSX}
[10:30] {Threei} anyone shed RSX on that?
[10:31] {Threei} shed = shorted
[10:31] {esemde} have a great day...see you tomorow......
[10:31] {Threei} take care ese
[10:31] {esemde} see ya vad
[10:35] {Threei} *EIA NATURAL GAS INVENTORIES: +67 BCF VS. +55 TO +65 BCF RANGE OF ESTIMATES
[10:35] {Threei} {UNG}
[10:35] {Threei} UNG dropped like a rock
[10:36] {Threei} CMA
[10:36] {Threei} CUTS DIVIDEND 50% TO $0.33 FROM $0.66
[10:37] {Chaeron} Good morning all
[10:37] {Threei} chaeron :)
[10:41] {magoo} UNG crashing
[10:41] {Threei} was short on that news
[10:47] {dino} v sm l .15
[10:54] {peterg} better late than never
[10:55] {magoo} aapl wewnt neg..was up 4
[10:56] {Threei} Short Setup: UAUA .55
[10:56] {Threei} stop .66
[10:58] {Threei} GE) GERMAN CHANCELLOR MERKEL: TO URGE FINANCIAL MARKETS TO BECOME MORE TRANSPARENT AND BETTER SECURE RISK
[10:58] {Threei} hmmm
[10:59] {Threei} half out UAUA .32
[10:59] {Threei} scalpers take profit
[10:59] {dino} v stop to .98 mkt drop[
[11:00] {Threei} don't tell me no one took UAUA
[11:00] {peterg} took it
[11:00] {Threei} whew
[11:01] {Chaeron} in
[11:01] {peterg} got +.15 ty
[11:01] {Threei} easiest trade in I don't know how long
[11:01] {dino} v stopped -.17
[11:02] {Threei} CME...
[11:02] {peterg} cme
[11:02] {Threei} ugh
[11:02] {Threei} charts nice for short
[11:02] {Threei} but I just can't bring myself to call a stock with 1 dollar spread
[11:03] {Chaeron} took +0.15 on UAUA thanks, Threei
[11:11] {Threei} out in full UAUA
[11:11] {Threei} +.45
[11:13] {peterg} whats up with rimm?
[11:14] {Threei} no idea
[11:14] {peterg} usual i spose
[11:15] {magoo} actually rimmvery predictable...aapl fell..rimm much delayed but followed
[11:15] {magoo} earlier..aapl up..rimm much delay but folloed
[11:16] {Threei} watching UAUA for bounce
[11:16] {Threei} .81 long
[11:16] {Threei} if holding above .70
[11:20] {Threei} wow MS
[11:20] {Threei} I don't see new news
[11:20] {Threei} last one was
[11:20] {Threei} WSJ SOURCE: MS SEEKING A 'CREATIVE DEAL' WITH WB, TALKS STILL ONGOING WITH CHINESE INVESTOR FOR STAKE
[11:20] {Threei} {WB}
[11:21] {Threei} bounce time
[11:21] {Threei} in
[11:21] {Threei} 16.90 stop
[11:21] {magoo} ms or wb bounce?
[11:21] {Threei} ms
[11:21] {Threei} half out .44
[11:22] {Threei} AIG
[11:22] {Threei} NEW CEO LIDDY: INTENTION IS NOT TO LIQUIDATE, HOWEVER AN ANSWER ON DIVESTITURES OF CERTAIN UNITS WILL HAPPEN IN A PERIOD OF WEEKS
[11:22] {Threei} - Remarks that the company has full intentions of paying back the Fed loan
[11:23] {dino} lol
[11:24] {Threei} stop to 16.99
[11:25] {dino} v sm l .60
[11:26] {Threei} offering second half 18.10
[11:26] {Threei} want a buck
[11:26] {magoo} l aapl sm .25
[11:27] {Chaeron} quit trying to be dino, will ya vad?
[11:27] {Threei} got distracted with MS, missed UAUA
[11:27] {Threei} anyone got it?
[11:28] {magoo} i think it was invalidatesd
[11:28] {Threei} OK... missed the development
[11:29] {peterg} got ms for small change due to hesitation but no regret thks
[11:29] {Threei} :)
[11:29] {Threei} stock ias horribly fast and volatile
[11:30] {Threei} can't blame you for desire to keep exposure to a minimum
[11:31] {Threei} awww UAUA
[11:31] {Threei} direct hit MS
[11:31] {Threei} +1.00
[11:31] {magoo} out MS .19 BEAUTY vad
06[11:31] * Threei slaps Chaeron around a bit with a large trout
[11:31] {Chaeron} :)
[11:31] {Threei} welcome sir
[11:32] {dino} gj
[11:32] {Threei} and magoo
[11:32] {Threei} don't call me beauty
[11:32] {Threei} ever again
[11:32] {Threei} people will start having funny thoughts
[11:33] {dino} at thi rate ilmn should cx the spilt for monday
[11:33] {magoo} gonna be hartd to comply
[11:33] {dino} v stop to .99
[11:34] {peterg} went back to the well MS for another +.20. out at .53
[11:34] {Threei} careful with such chasing entires peter
[11:34] {dino} out v .99 +.39
[11:34] {Threei} momo is momo, it's utilizable (if that's a word)
[11:34] {peterg} i likes it
[11:35] {Threei} but overall, it's dangerous
[11:35] {dino} lol
[11:35] {peterg} what, I need to learn setups, too?
[11:35] {dino} risk is your friend, dance w/it
[11:35] {Threei} ummm... sorry, didn't want to imply so much work :)
[11:36] {peterg} thk you
[11:36] {Threei} great... now I am getting lectured about risk {G}
[11:39] {dino} :)_
[11:43] {Threei} TV, mafia leaders plead guilty, plea bargain with judge
[11:43] {Threei} Don Corleone is happy he didn't live to see this
[11:46] {Threei} VIX VOLATILITY INDEX MOVES TO HIGHEST LEVEL SINCE OCT 2002; ABOVE THE JAN 22 SPIKE TO 37.57
[11:47] {Threei} WHITE HOUSE: THREATENING VETO ON THE COMMODITIES SPECULATION LEGISLATION
[11:47] {Threei} {USO IYM}
[11:54] {Threei} market feels like another breakdown is coming
[11:54] {Threei} if NQ shows sharp red bar, UAUA is short
[11:58] {Threei} bounced instead
[12:01] {magoo} today seems alot harder than yester
[12:02] {dino} indeed magoo, indeed
[12:03] {Threei} dunno
[12:04] {Threei} feels qyuite easy for me
[12:04] {Threei} buck on MS, 45 cents on UAUA
[12:04] {Threei} something else
[12:04] {Threei} ummm
[12:04] {Threei} 17 break MS...
[12:04] {Threei} scary but worth a try
[12:04] {Threei} smallish shares
[12:05] {Threei} asctual break only, no aggressive entries
[12:05] {magoo} short?
[12:05] {Threei} yes
[12:05] {Threei} 15-20 cents stop
[12:07] {Threei} half out
[12:07] {peterg} dang, wish I could play but gotta go for 2 hrs. Good hunting
[12:07] {Threei} got .60 cover on first half
[12:08] {Threei} .11 stop
[12:09] {Threei} out
06[12:09] * Threei slaps magoo around a bit with a large trout
[12:09] {Threei} how hard was that?
[12:09] {magoo} nice
[12:11] {Threei} NY AG TO MAKE ANNOUNCEMENT REGARDING SHORT SELLING TODAY
[12:11] {Threei} anyone cared to ask how come china market dropped 70% from its high - and there is no shorting allowed over there?
[12:12] {Threei} window dressing instead of real solutions...
[12:12] {Threei} we need office reconstruction, not redecoration
[12:12] {dino} exactly
[12:14] {dino} skf non avail cyber
[12:15] {dino} not
[12:15] {Threei} available here
[12:15] {Threei} want me to short it for you?
[12:16] {Threei} where do you want me to cover?
[12:17] {Threei} sorry dino... in absence of instructions I covered .70
[12:17] {Threei} from 145.30
[12:17] {dino} yes and cover at 133
[12:17] {Threei} ugh
[12:18] {Threei} OK, will reshort
[12:18] {Threei} say when
[12:18] {dino} lol
[12:18] {dino} and gj
[12:18] {Threei} ty
[12:19] {Threei} in 146.30
[12:19] {Threei} where is stop?
[12:20] {Threei} out 145.6
[12:21] {Threei} it's fun
[12:21] {Threei} doesn't look like short for now
[12:25] {Threei} BK
[12:25] {Threei} REPORTEDLY A BANK OF NY MELLON INSTITUTIONAL FUND THAT WORKS LIKE A MONEY MARKET FUND HAS FALLEN TO LESS THAN $1/SHR
[12:27] {Threei} CNBC REPORTS THAT PUTNAM IS PLANNING TO CLOSE A FUND
[12:31] {Threei} GS
[12:31] {Threei} HEARING GOING PRIVATE RUMORS BEGINGING TO CIRCULATE
[12:33] {dino} ntrs blood
[12:33] {_petike} what is the GS?
[12:34] {Threei} Goldman Sachs
[12:34] {_petike} many thanks;-)
[12:35] {dino} private would do away w/mark to market
[12:35] {Threei} I don't know how to estimate impact of this on financial swector
[12:36] {dino} ntrs 4 days 89-53
[12:36] {Threei} too many implication,s, too few precedents
[12:37] {Threei} WHITE HOUSE: SEC'S COX HAS THE FULL SUPPORT OF PRESIDENT BUSH
[12:37] {Threei} 'ggod job coxie"?
[12:38] {Threei} MS new 52 weeks low
[12:39] {Threei} GS, mama mia
[12:39] {Threei} - The comment comes in the wake of suggestions from Republican Presidential candidate McCain that Cox be fired for his role in the credit crisis.
[12:39] {Threei} {Cox} there you have it, now I know how I vote
[12:44] {dino} gs down about 100 pts in a week
[12:45] {Threei} 15.25 is MS's line of defense
[12:45] {Threei} worth a shot on a short side if breaks it
[12:46] {dino} rumors of hedge fund group trying to break gs, ms
[12:47] {dino} realmoney
[12:48] {Threei} well
[12:48] {Threei} they are doing a heck of a job
[12:49] {dino} so much for the new no naked shorting
[12:50] {Threei} uhhu
[12:51] {Chaeron} UHHU not shortable on Laser
[12:52] {patience} gold climbing nicely, happiness :)
[12:52] {Threei} cover half
[12:52] {Threei} MS
[12:52] {dino} america is on sale
[12:52] {patience} its your dollar that i am worried about dino
[12:54] {dino} out of my hands
[12:54] {patience} no doubt
[12:54] {dino} but it weill be weakened, rate cuts are coming soon
[12:54] {patience} seems likely, here also
[12:56] {dino} around the world
[12:56] {Chaeron} Is this the beginning of the 3rd wave that you were expecting Threei for final flush?
[12:56] {dino} think of this, russian markets closed, those people are selling whatever they can in other markets then
[12:57] {dino} leh tied up in bankruptcy, so their "clients' are selling everything else can't get their leh funds
[12:57] {dino} and so on......
[12:58] {dino} basically an old fashioned bank run, but w/investment banks
[12:59] {patience} interesting article here on bank 'ring fences ' http://londonbanker.blogspot.com/2008/09/ring-fences-rustlers-and-global-bank.html
[12:59] {dino} crowds yelling "get me out"
[12:59] {Threei} mama mia
[12:59] {Threei} MS
[12:59] {Threei} anyone played it short?
[12:59] {Chaeron} was just going to say
[13:00] {dino} gs lows
[13:00] {_petike} i just was not sute is it could go down more
[13:00] {_petike} now im regret it
[13:01] {Chaeron} remember this.... they can always go to zero (LEH)
[13:02] {Threei} STT
[13:02] {Threei} next financial to go
[13:02] {Chaeron} crazy
[13:03] {patience} scary
[13:03] {Threei} halfed already
[13:03] {Threei} in one day
[13:03] {Chaeron} too scary and froggy to trade
[13:04] {dino} i'm confused
[13:05] {Threei} where is cramer
[13:05] {Threei} we need him to tell us what to do
[13:06] {Chaeron} Sept. 18 (Bloomberg) -- The Democratic-controlled Congress, acknowledging that it isn't equipped to lead the way to a solution for the financial crisis and can't agree on a path to follow, is likely to just get out of the way.
[13:07] {dino} lol, and they want the presidency too
[13:07] {Threei} is this a joke?
[13:07] {Chaeron} ummm... no
[13:07] {Threei} wow
[13:07] {Threei} lol
[13:08] {Chaeron} http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aVPBaUbYV_qQ
[13:08] {patience} who owns bloomberg?
[13:08] {Chaeron} Michael
[13:08] {dino} news company
[13:09] {Chaeron} One reason, Senate Majority Leader Harry Reid said yesterday, is that ``no one knows what to do'' at the moment.
[13:09] {patience} i know
[13:09] {hawkfan4} 13:05 FSA bans short selling of financial companies; FSA ban on financial co short selling from 2300 GMT Thurs - DJ
[13:09] {hawkfan4} The FSA (Financial Services Authority) is the UK's independent financial regulator
[13:09] {patience} few people will be stopping at the liquor store on the way home from work tonight
[13:09] {dino} synt sm l .35
[13:10] {Chaeron} House Financial Services Committee Chairman Barney Frank said Congress could give the Federal Reserve authority to pay interest on bank reserves sooner than originally scheduled.
[13:10] {Chaeron} ``They already have the authority; it's just a question of moving it up a couple of years,'' Frank, of Massachusetts, told reporters yesterday. ``We're trying to work that out.''
[13:10] {Threei} WB
[13:11] {Threei} interesting
[13:12] {dino} i'm appalled, the senate actually has to work
[13:13] {Chaeron} From Times OnlineSeptember 18, 2008
[13:13] {Chaeron} Russia ratchets up US tensions with arms sales to Iran and Venezuela
[13:15] {Threei} NYT REPORTEDLY FILES AN 'EDITOR'S NOTE' WITH REGARDS TO STORY PUBLISHED ON MS AND CITIGROUP
[13:15] {Threei} {C}
[13:18] {Threei} WB explosion
[13:19] {Threei} NYT REPORTEDLY FILES AN 'EDITOR'S NOTE' WITH REGARDS TO STORY PUBLISHED ON MS AND CITIGROUP
[13:19] {Threei} - Note earlier there were denials over attributions of comments from MS CEO Mack and Citigroup's Pandit
[13:19] {Threei} - Editor's note has now clarified previous report from two individuals who were briefed on the conversation, sources cited in article were 'not present' at conversation where Mack was reportedly quoted as sayin " if we dont have a partership we will not make it', should not have published story without first doing more research {C}
[13:24] {Threei} mags... please make a note somewhere that I overdelivered on a promise to call 2 points for you today
[13:27] {dino} bpfh
[13:28] {magoo} see vad...u perform better when i put the "heat" on u
[13:28] {magoo} NICE
[13:32] {Threei} STATEMENT FROM STATE STREET REGARDING MARKET MISUNDERSTANDINGS
[13:32] {Threei} - confirms that, as previously disclosed, it does not believe consolidation of its conduits is required. State Street confirms that even if it had to consolidate its conduits, it would remain well capitalized with ample sources of liquidity. The company raised $2.8 billion in equity capital in early June 2008 and does not currently have any plans to raise additional equity.
[13:32] {Threei} - NAV) of State Street Global Advisors' money market funds has never declined below $1, including in its Short Term Investment Fund (STIF), Government Short Term Investment Fund (GSTIF) and the Navigator Securities Lending Trust
[13:32] {Threei} - These funds do not have any unsecured exposure to AIG, Lehman, Washington Mutual, Wachovia, Merrill Lynch or Morgan Stanley.
[13:34] {Threei} huge rebound
[13:34] {Threei} in all financials
[13:34] {dino} skf vad 131
[13:34] {Threei} looks like this last round of selloff was caused by unsabstatiated rumors
[13:34] {Threei} at least that'as the story for nwo
[13:34] {Threei} now
[13:35] {Threei} I missed that short dino... :(
[13:35] {Threei} sorry
[13:35] {magoo} i lost short on it vad..had it sh 146
[13:35] {magoo} SIGH
[13:36] {Threei} unbelieavble swings today
[13:37] {magoo} a daytraders paridise
[13:37] {Threei} unfortunately this rebound happened on discussions beyond the curtain
[13:38] {Threei} behind too
[13:39] {magoo} where the hells evadresal(:
[13:39] {Chaeron} wow... we could have made 15+ points on GS :)
[13:39] {dino} woof
[13:40] {dino} cedc sm l .04
[13:41] {Threei} STT pullback
[13:42] {dino} you want to cry chaser, i missed cme at 313.31
[13:42] {dino} chaer
[13:43] {Threei} time for bounce SKF
[13:43] {magoo} where?
[13:44] {Threei} late
[13:44] {Threei} got it 10.40
[13:44] {Threei} 130.40
[13:44] {Threei} half out +2
[13:44] {magoo} in 131.88...ouit 132.34
[13:44] {Threei} lol
06[13:44] * Threei slaps magoo around a bit with a large trout
[13:44] {magoo} right before i assked
[13:45] {magoo} kind of revenge trade
[13:45] {magoo} STT losing ground
[13:48] {Threei} short or no short
[13:49] {dino} cedc stopped -.40 that thing is f#cked
[13:49] {Threei} WSJ CONFIRMING EARLIER RUMORS THAT CALPERS (CALIFORNIA PENSION FUND) WILL NO LONGER LEND SHARES OF GOLDMAN AND MORGAN STANLEY FOR SHORTING
[13:49] {Threei} - confirms earlier rumors
[13:52] {Threei} WB... jeez
[13:53] {Threei} MS
[13:53] {Threei} REPORTEDLY CEO HAS TOLD SENIOR EMPLOYEES THAT HE IS NOT SELLING SHARES - UNCONFIRMED REPORT
[13:54] {Chaeron} no, he has his broker doing it for him.... :)
[13:55] {dino} enron guys said same thing
[13:56] {Threei} lol
[13:57] {Threei} btw
[13:57] {Threei} in case you guys find tis market boring, and need some additional entertainment,
[13:57] {Threei} tomorrow is quadriple witching
[13:57] {Threei} aren't you glad something's going to inject a little volatility?
[13:58] {Chaeron} yea! more 10+ point trades!
[13:58] {dino} lol
[14:00] {dino} stt dropping again
[14:03] {dino} out synt .85 +.50
[14:04] {dino} ilmn sm l .08
06[14:06] * laserdave1 slaps Threei around a bit with a large trout
[14:06] {laserdave1} hey guys
[14:06] {laserdave1} and laser traders
[14:06] {laserdave1} please note
[14:06] {Threei} hey dave
06[14:06] * Chaeron slaps laserdave1 around a bit with a large trout
[14:06] {laserdave1} as far as overnights
[14:07] {laserdave1} we are not allowed to hold short any shares overnight
[14:07] {Threei} lol
[14:07] {laserdave1} sec rule
[14:07] {laserdave1} not sure for how long?
[14:07] {Threei} must be crazy to do it anyway
[14:07] {laserdave1} u will be pounded out
[14:07] {laserdave1} very true
[14:07] {laserdave1} btu out of some fluke i dont want someone pounded out in after hours with little market
[14:08] {laserdave1} ya holding is nuts
[14:08] {laserdave1} :)
06[14:08] * magoo slaps laserdave1 around a bit with a large trout
06[14:08] * magoo slaps laserdave1 around a bit with a large trout
06[14:08] * magoo slaps laserdave1 around a bit with a large trout
[14:08] {magoo} pound that'
[14:08] {Chaeron} roflol
[14:09] {Threei} US HOUSE HAS REPORTEDLY SENT A BILL TO THE SENATE THAT WOULD PLACE LIMITS ON OIL POSITIONS FUTURES
[14:09] {Threei} - Note the White House threatened to veto the commodity trading bill earlier today{USO}
[14:09] {Threei} NY AG CUOMO: TO INVESTIGATE SHORT SELLING AT LEHMAN AND AIG, INCLUDING THE "SPREADING OF FALSE INFORMATION"
[14:09] {Threei} - says fully committed to prosecuting wrongdoers
[14:09] {Threei} - wants SEC to freeze short selling of financial stocks{AIG LEH}
[14:10] {Threei} investiagte the imbecil who published false news on UAUA while you at it
[14:15] {judijim} take care for today we're done. It's been great watching and learning in the trading room
[14:15] {Threei} take care jj, have fun and good luck
[14:15] {judijim} tomorrow will be our last day but staying plugged into scanner. Be back tomorrow
[14:16] {dino} cya jj
[14:17] {magoo} bye jj:)
[14:21] {dino} hmmm only 265 pt range today
[14:21] {dino} 365
06[14:24] * laserdave1 slaps Threei around a bit with a large trout
[14:24] {Threei} hmmm
[14:24] {Threei} what was that for
[14:26] {laserdave1} ummm cuz i think your really cool dood
[14:26] {magoo} u see my assault upon u?
[14:28] {dino} sm risky l stt .60
[14:30] {dino} stop is .19 things' like pulp
[14:31] {magoo} pulp can move baby
[14:33] {peterg} makes my guts pulp
[14:33] {peterg} just watching
[14:34] {dino} stopped
[14:34] {peterg} brave soul
[14:35] {dino} wynn
[14:35] {dino} lol
[14:36] {dino} ilmn stopped -.50 sm
[14:49] {Threei} US SEN SCHUMER WILL REPORTEDLY ANNOUNCE AN RTC-LIKE PLAN TO CALM MARKETS IN THE FINANCIAL SECTOR
[14:50] {Threei} RTC-like?
[14:53] {dino} resolution trust corp, what saved the savings and loan in the 80s
[14:54] {Threei} what does it involve
[14:55] {dino} gov't corp, picks up the bad loans on properties, then sells them out
[14:55] {dino} off banks balance sheets
[14:55] {Threei} got it
[14:56] {Threei} sounds like positive for banks
[14:56] {Threei} why new wave of seling hits :)
[14:56] {dino} it would be positive, imo
[14:57] {Threei} yes GS is dropping, SKF is spiking
[14:57] {dino} as for selling, who knows
[14:57] {Threei} yes = yet
[14:57] {Threei} market is scared out of its mind
[14:57] {Threei} doesn't know who to listen to
[15:00] {dino} stt spike
[15:00] {dino} v sm l .
[15:02] {magoo} jesus..up 195 now
[15:02] {dino} out 47.50 +2.00
[15:02] {dino} way soon
[15:02] {Threei} CNBC'S GASPARINO: TREASURY SEC PAULSON EVALUATING AN RTC TYPE SOLUTION IN ADDITION TO US SEN SCHUMER
[15:02] {Threei} {XLF}
[15:02] {dino} 47.67, +2.17
[15:03] {Threei} wow
[15:03] {Threei} nmow market is liking it
[15:05] {dino} ok 400 pt range now patience
[15:06] {dino} sm l v .02
[15:07] {dino} wynn wow
[15:12] {dino} v stop to .64
[15:13] {magoo} MAN
[15:13] {magoo} vad pick something ANYTHINGGGGGGGGGGGGGG
[15:13] {dino} make v .82
[15:13] {Threei} mags they move so fast and change so suddenly, calls are useless
[15:14] {magoo} i know..i just hit aapl but could never call it in time
[15:14] {magoo} just funnin with ya
[15:14] {Threei} SKF is playable off GS if you can keep one eye on one and second on another
[15:17] {dino} out v 65.52 +1.50
[15:18] {dino} wow, i just turned a flat day to up nicely
[15:18] {Threei} :)
[15:21] {dino} and on that note, calling it a day. son's last baseball game of year at 4:00
[15:21] {Threei} take care dino :)
[15:22] {dino} u2 all
[15:22] {Threei} CNBC HAS SPOKEN TO THE WHITE HOUSE AND RECEIVED NO COMMENT WITH REGARDS TO AN RTC TYPE SOLUTION
[15:22] {dino} down we go, lol
[15:23] {Threei} US TREASURY REPORTEDLY DECLINES COMMENT ON WHETHER PAULSON IS CURRENTLY IN DISCUSSIONS WITH CONGRESS REGARDING AN RTC STYLE SOLUTION
[15:28] {cosmo} RTC raly?
[15:36] {Threei} seasickness
[15:40] {magoo} on helluva range on GS today
[15:40] {Threei} gosh, look SKF range
[15:41] {Threei} 45 points?
[15:48] {patience} what a ride today
[15:48] {Threei} another day with no precedent in my memroy
[15:49] {cosmo} that bad?
[15:50] {magoo} cant lose the feeling that i should have made alot more money than i did today
[15:50] {patience} not a level playing field magoo...they keep changing the rules
[15:50] {magoo} 20 point aapl range
[15:51] {Threei} yes cosmo... takes 3-5 minutes in the morning to remember my name
[15:53] {cosmo} if i cant remember, it wasnt important...
[15:53] {Threei} that's how I console myself
[15:53] {Threei} if I remember I need consolation
[15:54] {cosmo} or a hitman...
[15:56] {magoo} dave..we allowed to short afterhours??
06[15:56] * magoo slaps laserdave1 around a bit with a large trout
06[15:56] * magoo slaps laserdave1 around a bit with a large trout
[15:56] {magoo} [15:56] {magoo} dave..we allowed to short afterhours??
[15:56] {magoo} [15:56] * magoo slap
[15:57] {peterg} good question
[15:57] {magoo} LASERDAVE
[15:57] {Threei} realize that if market gets thin and you don't cover in time, your position will be closed at some point at market
[15:58] {Threei} that's your risk
[15:58] {magoo} well, need to know if u only need to close out before 6 p.m
06[15:59] * Threei slaps laserdave1 around a bit with a large trout
[15:59] {magoo} LASERDAVE
[16:00] {Threei} Ok guys, thank you all
[16:00] {Threei} have a good evening
[16:00] {Threei} see you tomorrow for more excitement
[16:00] {magoo} u 2 vad
[16:00] {peterg} bye all

Sep 17 2008

Session Time: Wed Sep 17 00:00:00 2008

[08:18] {Threei} another funky morning
[08:18] {Threei} ING
[08:19] {Threei} worth a shot on a short side
[08:20] {brian3579} gm all
[08:20] {Threei} brian :)
[08:30] {Threei} *Q2 CURRENT ACCOUNT BALANCE: -$183.1 B V -$180.0BE
[08:30] {magoo} mornink comrades
[08:30] {Threei} AUG HOUSING STARTS: 895K V 950KE; BUILDING PERMITS: 854K V 928KE
[08:30] {Threei} - Prior Housing Starts revised from 965K to 954K
[08:30] {Threei} magoo :)
[08:30] {patience} good morning RT :)
[08:30] {Threei} patience :)
[08:31] {Threei} MS getting hit
[08:32] {magoo} ms hit 32 afterehours
[08:33] {magoo} u short ING and where?
[08:33] {Threei} .92
[08:33] {magoo} nice
[08:35] {Threei} NY INSURANCE CHIEF DINALLO: AIG BAILOUT REPRESENTS A "PARADIGM SHIFT" FOR THE US ECONOMY
[08:35] {Threei} as in switch to socialism?
[08:36] {Threei} great... where do I immigrate next
[08:37] {magoo} where u covering ing?
[08:37] {Threei} covered half .53
[08:44] {cosmo} 3i....i hear costa rica may go cashless...
[08:45] {Threei} as in?
[08:45] {cosmo} like old times...
[08:45] {Threei} natural exchange?
[08:45] {Threei} cow for iron?
[08:45] {cosmo} barter stone balls and such....yea
[08:46] {Threei} the way cxurrencies go these days... may be not a bad idea
[08:47] {cosmo} keep thinking .... we need a breakthru
[08:47] {Threei} me? thinking?
[08:47] {cosmo} just checking....:)
[08:47] {Threei} you are safe
[08:48] {Threei} we have enough deep thinkers on all govt/banking levels, I see no need to intrude
[08:48] {cosmo} agree
[08:49] {cosmo} i'm a heratic anyway...
[08:49] {Threei} you better check with Raven
[08:49] {peterg} morng
[08:49] {Raven} who?
[08:49] {cosmo} speling?
[08:49] {Threei} I am fairly sure there is misspeling in that
[08:49] {Threei} peter :)
[08:50] {Raven} morn cosmo :)
[08:50] {cosmo} moan...
[08:50] {Raven} that bad?
[08:51] {cosmo} heretic?
[08:51] {Raven} sure
[08:51] {cosmo} k
[08:52] {cosmo} .... maybe i should wear taser resistance clothing
[08:53] {Onix} good morning
[08:53] {Raven} just get some coffee
[08:53] {Threei} onix :)
[08:53] {cosmo} got it...
[08:53] {Raven} remain clam
[08:57] {cosmo} so far....so good...
[08:58] {Raven} I guess
[08:58] {cosmo} ASML
[08:58] {cosmo} not happy
[08:58] {cosmo} no news
[09:00] {Threei} GOLDMAN SACHS CUTS ASML TO SELL FROM NEUTRAL (TIMING UNCERTAIN)
[09:00] {Threei} - Note: Goldman cut ASML to Neutral about a month ago
[09:05] {dino} gm all, end again i see
[09:05] {Threei} dino :)
[09:06] {Threei} yeah, as it becomes customary
[09:06] {Threei} coffee... end of the world... newspaper...
[09:06] {Threei} morning routine
[09:07] {dino} like that movie w/bill murray, groundhog day
[09:07] {Threei} :)
[09:07] {fernp} Good morning all
[09:07] {Threei} fern :)
[09:08] {dino} china must be collasping, fxp from about 80-130 in sept.
[09:09] {pita} gm all - congrats Dino on yesterday, what a day to miss
[09:09] {Threei} pita :)
[09:09] {Threei} http://www.telegraph.co.uk/news/worldnews/europe/russia/2975934/Smugglers-built-vodka-pipeline.html
[09:09] {Threei} that's your CEDC dino...
[09:09] {dino} ty pita, got lucky
[09:09] {Threei} The accused built a 2-kilometre pipeline through a reservoir that marks the Russian-Estonian border, and managed to pump 6,200 litres of spirits across before getting caught.
[09:09] {dino} wow
[09:10] {dino} no wonder sales dropped, lol
[09:10] {Threei} my point :)
[09:15] {dptl} gtood morning all
[09:15] {Threei} dp :)
[09:28] {Threei} that's funny:
[09:28] {Threei} U.S. POWER SECTOR CUT TO NEUTRAL AT LEHMAN
[09:28] {Threei} US power sector to lehman: who are you?
[09:29] {Threei} do you even exist anymore?
[09:31] {Threei} Short Setup: ING .29 if stays below .40
[09:32] {judijim} good morning all
[09:32] {Threei} jj :)
[09:33] {esemde} morning....late to the party
[09:33] {Threei} ese :)
[09:34] {Onix} in ING .29
[09:34] {Threei} NY FED REITERATES THAT IT STANDS READY TO ADD ADDITIONAL RESERVES IF NECESSARY
[09:36] {esemde} SNDK
[09:38] {magoo} l aapl
[09:38] {esemde} thinking shor at 20.25
[09:38] {magoo} .75
[09:38] {Threei} SNDK got takeover bid ese
[09:39] {Threei} ING stopped
[09:39] {Onix} stopped ING
[09:39] {cosmo} ESLR @ 5
[09:39] {cosmo} fleas and all...
[09:40] {esemde} ya.....i know that...7 beans up.....should pull back a little i think
[09:40] {magoo} out aapl
[09:40] {esemde} then again maybe not
[09:40] {magoo} sory so fast
[09:40] {magoo} went in..i popped
[09:41] {Threei} Long Setup: JASO
[09:41] {Threei} ugh
[09:42] {Threei} see if pulls back a little
[09:42] {Threei} meant .32 - .33
[09:42] {dino} v sm l .00
[09:44] {Threei} SEC TAKES ACTION TO PROTECT AGAINST NAKED SHORT SELLING
[09:44] {cosmo} vice squad?
[09:44] {Threei} EFFECTIVE AS OF 12:01AM, SEPT 18 FOR THE ENTIRE US EQUITY MARKET
[09:45] {esemde} nude short sellers...hmmmmmmkinky
[09:46] {Threei} not sure why SEC is against that
[09:46] {patience} gold running up nicely :)
[09:47] {Threei} - Eliminates Reg SHO option market-maker exception
[09:47] {Threei} - Adopts short-sale anti-fraud rule
[09:47] {Threei} - Requires all short sallers to deliver stock on the settlement date
[09:50] {Threei} Long Setup: WB .81 if stays above .70
[09:50] {esemde} Ok forget my SNDK thoughts
[09:51] {dino} out v .05 +1.05
[09:52] {dino} that sucks, because i just heard that pam anderson wanted to learn naked shorting
[09:54] {Threei} somewhat listless market so far
[09:54] {magoo} WB invalide?
[09:54] {esemde} even better....we'll dress in the buff to trade here on Vad's board.....everyone has to to be stark naked in the morning
[09:55] {Threei} became more of a bounce play than break mags
[09:55] {magoo} ok..i went for coffee
[09:55] {Threei} just no webcameras please
[09:56] {magoo} vad, u reading GS?
[09:56] {magoo} as in 100 shares..it was fun remember
[09:57] {Threei} don't see anything on it so far
[09:57] {magoo} me neither..but im on it
[09:58] {dino} trading w/dji magoo
[09:59] {magoo} good to know dinomiester
[10:00] {dino} sm risky ntrs l .65
[10:00] {Threei} US TREASURY TO ISSUE DEBT TO EXTEND FED'S BALANCE SHEET WITH BILL AUCTIONS
[10:05] {Threei} CALM looks interesting... I wish it wasn't that thin
[10:05] {Threei} risk is horrifically high on it
[10:06] {magoo} market losing it here
[10:11] {dino} sm risky l cedc .50
[10:11] {esemde} long HERO .30 1/2
[10:11] {esemde} .20 stop
[10:12] {Threei} mags, you looked at CALM?
[10:12] {Threei} somewhat your type
[10:13] {Threei} thin, for small shares, big upside, big downside
[10:13] {Threei} breaking out on daily
[10:13] {Threei} loaded with shorts
[10:14] {magoo} looking now..where was it when u mentioned?
[10:15] {Threei} right here
[10:15] {Threei} upticked to .69
[10:15] {Threei} retreated back into .50
[10:16] {Threei} (RU) RUSSIAN EQUITY EXCHANGE WILL NOT REOPEN FOR TRADING TODAY
[10:16] {Threei} - Was expected to resume for the last hour of trading today
[10:20] {Threei} CALM ramp up
[10:20] {magoo} wow vad..point since u mentioned..but i no take
[10:20] {Threei} :(
[10:20] {magoo} yeah:(:(
[10:21] {Threei} and that was blue special for you
[10:21] {magoo} sorry...
[10:21] {Threei} catered and custom-tailored for your trading style
[10:21] {Threei} asorry... but sorry won't cut it
[10:21] {magoo} i thought u hated me and was trying to get me lol
06[10:21] * Threei slaps magoo around a bit with a large trout
[10:21] {Threei} oh, that too
[10:21] {esemde} HERO...stopped...ah well it was a good try
[10:21] {Threei} so it was win win for me
[10:23] {Threei} SHLD
[10:23] {Threei} SURGES TO SESSION HIGHS ON POSITIVE COMMENTS BY JIM CRAMER RELATED TO TODAY'S CHANGES IN SHORT SELLING RULES - CNBC
[10:23] {Threei} - Cramer calls today's announcement by the SEC a "game changer" for stocks that have exceedingly high short interest
[10:23] {Threei} so... what are the highest short interests out there
[10:26] {magoo} what is naked shorting again....broker cant let u short if they no have any stock
[10:26] {dino} yeah, he yells this and we drop 40
[10:26] {Threei} *(RU) CENTRAL BANK LOWERS RESERVE REQUIREMENTS
[10:26] {dino} mark to market is the issue, not short sellers, imo
[10:28] {dino} 3rd rule, securities fraud if shorts decieve brokers about delivering borrowed shares
[10:30] {esemde} NVDA one of the top short interest stocks
[10:30] {Threei} almost 2 bucks CALM
[10:32] {Threei} oil numbers are coming
[10:32] {Threei} in 3 min
[10:33] {Threei} NVDA 8.93% of float is short
[10:33] {Threei} CAEI... 6 break, very risky
[10:35] {Threei} DOE CRUDE: -6.3M V -4ME;
[10:35] {Threei} GASOLINE: +3.3M V -4ME; DISTILLATES: -835K V -2ME;
[10:37] {esemde} 47.1 million shs for NVDA
[10:37] {esemde} 2.7 days to cover
[10:38] {Chaeron} good morning all
[10:38] {Threei} chaeron :)
[10:39] {esemde} CCCCCHHHHHH......hows it goin
[10:39] {Chaeron} great thanks ese. Good to see everyone. Any damage we can do this morning
[10:40] {Threei} yes
[10:40] {Threei} hit magoo with trout
06[10:41] * Chaeron slaps magoo around a bit with a large trout
[10:41] {Threei} ty
[10:41] {Chaeron} ok... now what... I'm bored... Russian exchange closes and I'm twidling thumbs
[10:41] {esemde} you got positions there CH
[10:42] {Threei} I gave him 3.5 points winner and he ignored it, because he thought I hated him
[10:42] {Chaeron} no... teasing ese... sorry
[10:42] {Threei} do you see any logic in that?
[10:42] {Chaeron} Hate me, will ya?
[10:43] {esemde} Vads shares in the Vodka industry are all cloes down.....been hard on him
[10:43] {Threei} lol
[10:43] {Threei} those darn smugglers with their 2km-long pipelines
[10:46] {Threei} so, why is market going down if short sellers are being reigned in?
[10:46] {Threei} what an utter nonsense...
[10:46] {dino} cedc was stopped -.55 awhile ago, r.e. distractions
[10:47] {Threei} you can't fight smugglers dino
[10:48] {patience} gold is up 47 dollars vad....flight out of fiat currency and equities...i'm having a second big up day :)
[10:49] {Threei} so... gold is better investment than vodka (from the look of charts of GOLD vs CEDC)...
[10:49] {Threei} who knew
[10:52] {esemde} No THAT!!!! really depends on your point of view
[10:52] {esemde} Now That....
[10:53] {esemde} quality of life issue.......gold does nothing for me...Vodka on the other hand??
[10:56] {Threei} MS
[10:56] {Threei} I don't see news
[10:56] {Threei} sudden selling hit
[10:57] {Threei} Short Setup: LVS half lot .50 break
[10:57] {Threei} stop above .70
[10:59] {Threei} CEG
[10:59] {Threei} S&P PLACES RATINGS ON CREDIT WATCH
[11:00] {Threei} S&P SAYS PRESSURE IS BUILDING ON THE AAA US SOVEREIGN RATING
[11:01] {Threei} wow CEG
[11:01] {Threei} round 2
[11:04] {Threei} US ENERGY SECRETARY: DECISION WILL COME TODAY ON WHETHER TO REQUEST IEA OIL
[11:04] {Threei} {USO}
[11:07] {GeoArb} gm
[11:07] {Threei} geo :)
[11:13] {GeoArb} .
[11:13] {Threei} WHITE HOUSE: WE ARE CONCERNED ABOUT OTHER COMPANIES
[11:13] {Threei} WB sharp selling
[11:13] {Threei} nearing yesterday's low
[11:13] {Threei} should be a bounce scalp soon
[11:14] {magoo} backj
[11:14] {magoo} had a meeting in office
[11:14] {magoo} impromptu
[11:15] {magoo} oh and
06[11:15] * magoo slaps Chaeron around a bit with a large trout
[11:17] {GeoArb} MS 10 yr low
[11:17] {dino} v sm l .40 forgot order , ditractions
[11:17] {dino} distractions
[11:17] {dino} the banks must be liquidating their v holdings
[11:17] {magoo} l 100 sh gs 113.40
[11:20] {magoo} l rimm sm .7
[11:21] {Threei} MS has a look of second shoe drop coming
[11:23] {dino} v stop to b/e
[11:23] {magoo} man GS
[11:24] {magoo} end of world
[11:24] {dino} cme v sm , v risky, l 2.50
[11:26] {dino} v stopped flat
[11:26] {dino} lod
[11:27] {Threei} mama mia MS
[11:27] {Threei} SEC'S COX: THE BARCLAYS/LEHMAN DEAL IS WELCOME NEWS
[11:27] {Threei} {LEH}
[11:27] {Threei} uhhu
[11:27] {Threei} market welcomes it too
[11:28] {dino} must have the "enron" puts on it
[11:29] {Threei} sure, let's nail those darn short sellers
[11:29] {Threei} that'll show them
[11:29] {GeoArb} i am completely fixated on MS chart
[11:29] {Threei} mesmerizing isn't it
[11:30] {dino} gs going to par
[11:30] {Threei} little bounce time
[11:30] {dino} v sm l .25
[11:32] {Threei} if you qwent for MS bounce, get out here
[11:34] {dino} $2 spread on cme
[11:41] {Threei} WB looks bottom less
[11:44] {Threei} PIMCO'S EL ARIAN: STABILIZATION OF AIG DOES NOT STOP OTHER FIRMS FROM BEING WEAK
[11:44] {Threei} {XLF}
[11:44] {Threei} no?
[11:44] {Threei} wow
[11:44] {Threei} and we thought they were strong
[11:45] {Chaeron} go figure
[11:45] {Chaeron} where do they get these quotes?
[11:46] {dino} v wants green
[11:47] {dino} any takers on your own v and cme, still in but....greed
[11:51] {Threei} S&P AFFIRMS UNITED STATES AAA RATING
[11:52] {dino} out v .85 +.60, reverse slip on stopp
[11:52] {Threei} Short Setup: MS 19 break
[11:52] {Threei} sheesh
[11:52] {Threei} late
[11:54] {Threei} moves happen way too fast
[11:54] {Threei} I am staying away for now
[11:54] {Threei} in time it takes me to type alert stock sets up, reaches 1:1 and bounces back
[11:56] {Threei} FDIC'S BAIR: INTENDS TO PROPOSE A HIKE ON PREMIUMS IN EARLY OCTOBER
[11:58] {dino} out cme 7.72, +5.22
[11:59] {esemde} take care all...maybe see you tomorrow
[11:59] {Threei} take care ese
[11:59] {dino} u2es
[11:59] {esemde} see ya vad dino
[11:59] {dino} you guys are tough, c'mon
[11:59] {Threei} lol dino
[11:59] {dino} 222.50-227.72
[12:00] {Chaeron} dang dino... you're buying lunch for all... and paying my mortgage
[12:00] {Threei} IMF'S STRAUSS KAHN: US FINANCIAL SECTOR CRISIS PRESENTS RISKS TO GROWTH
[12:00] {Threei} {XLF}
[12:00] {Threei} no, really?
[12:00] {Threei} he means growth may slow a little?
[12:00] {Threei} MS
[12:00] {Threei} HEARING VAGUE TAKEOVER CHATTER CIRCULATING
[12:00] {Threei} lol
[12:01] {Threei} - HSBC rumored as a potential acquirer
[12:03] {pita} Have fun all - day job.......
[12:03] {Threei} take care pita
[12:04] {dino} cya pita
[12:04] {dino} watching cme, trv, ge
[12:04] {dino} fdx
[12:04] {dino} v too
[12:05] {Threei} MS -11
[12:05] {Threei} jeez
[12:06] {Threei} providing we live long enough... this will be the stuff to tell out grandkids
[12:06] {dino} a bit odd, indeed
[12:07] {Chaeron} House Speaker Nancy Pelosi, when asked Tuesday whether Democrats bear some of the responsibility regarding the current crisis on Wall Street, had a one-word answer: “No.”
[12:07] {Threei} "grandaddy, is it true that before our firepits to cok food on people had strange things called stoves, ovens, toasters... and it was all not in caves but in even stranger things called houses/"
[12:07] {Threei} "Yeah... then banks failed"
[12:08] {dino} wbmd
[12:08] {dino} too fast
[12:10] {Threei} here is the thought guys
[12:10] {magoo} OYYYYYYYYY
[12:10] {Threei} this stuff is getting really scary
[12:11] {Threei} feels like there is no hope for survival
[12:11] {Threei} what does it mean to you?
[12:11] {magoo} RALLY
[12:11] {Threei} maybe not yet,
[12:11] {Threei} probably one more major bank failure is needed for a final washout
[12:12] {Threei} but we are much closer to ultimate panic and bottom than we were just yesterday
[12:12] {Threei} fear is palpable
06[12:12] * Chaeron dusting off DOW 10K party hat
[12:12] {Threei} even week or two ago there was a lot of denial in the air
[12:13] {Threei} not anymore
[12:13] {Threei} pure fear
[12:13] {Threei} don't take it as a buy now
[12:13] {Threei} as I said... panic is still ahead
[12:14] {Threei} and not all of today's players will live to see the bottom
[12:14] {Threei} some will become plankton
[12:14] {dino} july '06 lows dji
[12:14] {dino} jan. 06 too
[12:15] {Threei} CEG
[12:15] {Threei} jeez
[12:16] {dino} -6.6% 3 days
[12:16] {peterg} tried my hand at ceg hr ago; became plankton
[12:16] {Threei} too volatile
[12:16] {peterg} i'll say
[12:16] {peterg} want to turn son's video game into purchase machine
[12:16] {peterg} super hi speed buttons
[12:16] {peterg} for laser
[12:17] {peterg} then ceg and victory--hundreds of nickel trades in the black
[12:18] {peterg} dimes and quarters too
[12:19] {Threei} MS
[12:19] {Threei} CNBC GASPARINO: REITERATES THAT HIS SOURCES SAY NO TALKS PRESENTLY BUT THE FIRM MAY MOVE QUICKLY TO AVOID A SITUATION LIKE LEHMAN
[12:19] {Threei} {XLF}
[12:19] {Threei} this guy again
[12:20] {peterg} what is ms?
[12:20] {Threei} morgan stanley?
[12:20] {peterg} thks
[12:21] {magoo} AAPL leadsing the way up
[12:22] {Threei} CEG doesn't acknopwledge AAPL as a leader {G}
[12:22] {magoo} rimm did
[12:23] {dino} fdx sm l .95
[12:25] {dino} funny how cnbc never talk badly about ge, its only -50% this year
[12:26] {dino} they need jesse livermoore to says "i'm not shorting"
[12:26] {magoo} funny how cramer isn't acknowledging his july bottom call
[12:29] {magoo} GS smashed its 52 wk low of 116
[12:30] {magoo} down 61 points in 4 days
[12:30] {magoo} if u had 1k shares u'd be down like 6000 bux
[12:30] {Chaeron} add a zero?
[12:31] {Threei} I have a link to video somewhere where he says a year ago, nothing to fear in financials
[12:31] {magoo} he he..seeing if u guys are awake
[12:31] {magoo} who?cramer?
[12:31] {Threei} yup
[12:31] {Chaeron} send it to Neil Cavuto
[12:31] {magoo} WOW
[12:32] {magoo} dino and i discuss him alot...don't feel hes that great of trader
[12:33] {hawkfan4} here's cramer saying don't take your money out of bear stearns at 63 bucks in March: http://www.youtube.com/watch?v=o3FVBKic5Ek
[12:33] {Threei} and here is that one:
[12:33] {Threei} http://www.youtube.com/watch?v=BVl9SQ-KVmE
[12:34] {magoo} REv Shark has been brilliant
[12:34] {magoo} and hes always butting heads with cramer
[12:35] {magoo} sometimes i think cramers gonna kick him off site
[12:35] {Threei} US SENATOR DODD: CONGRESS HAS NO TIME TO CREATE A POOL FOR BAD ASSETS
[12:36] {dino} v sm l .10
[12:37] {dino} "no time" lol, campaigning takes too much of it
[12:37] {Threei} yeah
[12:37] {magoo} vad, which is it on utube?
[12:37] {Threei} I'd save the world but I am so busy right now
[12:37] {magoo} [12:37] {magoo} vad, which is it on utube?
[12:38] {Threei} [12:31] {Threei} I have a link to video somewhere where he says a year ago, nothing to fear in financials
[12:38] {dino} an attorney buddy of mine says; "when lawyers can't make it as lawyers, they go into politics"
[12:38] {magoo} so he announced his campaign yet dino?
[12:38] {Chaeron} he's govenor by now I bet
[12:39] {dino} lol
[12:39] {dino} bankruptcy trustee/lawyer, cleaning up
[12:41] {magoo} vad, why is russian mkt crashing?
[12:42] {Threei} it'sa not
[12:42] {Threei} it's halted
[12:42] {Threei} this way it can't crash
[12:42] {Chaeron} I think that airliners should get "halted" in an emergency :)
[12:43] {patience} vad, i think you should get out your dow 10,000 party hat from the closet, we'll be needing it by the end of next monday....my theory anyway :)
[12:43] {Threei} next Monday?
[12:43] {Threei} the way it goes, maybe much faster :)
[12:43] {patience} options expiry friday, weekend to panic, sell sell sell monday
[12:43] {dino} i feel a big rally
[12:44] {magoo} laserdave told me weeks ago"if dow loses 11k magoo, watch out...crash"
[12:44] {dino} patience 400 pt range today
[12:44] {patience} getting bigger dino
[12:44] {Threei} watching CALM
[12:44] {Threei} retreated nicely
[12:44] {magoo} staying CALM here l;ol
[12:45] {Threei} feels like a good candidate for bounce back with market ramping up
[12:45] {dino} yes, i'm noticing
[12:45] {dino} ot: meatloaf is way underrated
[12:45] {Threei} lol
[12:46] {Threei} took some CALM
[12:46] {Threei} scary as hell
[12:47] {_petike} CALM for short?
[12:47] {Threei} no
[12:47] {_petike} OR long?
[12:47] {Threei} long
[12:47] {_petike} thx
[12:47] {Threei} very risky stock
[12:47] {Threei} be careful with it, thin
[12:47] {_petike} Im just watching
[12:47] {_petike} good luck
[12:52] {magoo} where u in?
[12:52] {Threei} .55
[12:53] {Threei} stop under .30
[12:53] {magoo} he he..getting feeling of dejavue here
[12:53] {Threei} put that bottle down
[12:53] {magoo} no way hose'
[12:58] {_petike} CALM seems like going up
[12:58] {_petike} nice trade
[12:59] {Threei} not yet...
[12:59] {Threei} this is potentially big mover, no point to scalp it for a few cents
[12:59] {dino} v stopped -.65
[12:59] {_petike} ok
[13:04] {Threei} IMF REPORTEDLY INCREASES US 2008 GDP FORECAST TO 1.7% V 1.3% IN JULY - UNCONFIRMED REPORT
[13:05] {Threei} I want what they smoke
[13:05] {Threei} GE
[13:05] {Threei} SPOKESPERSON: AAA RATING SECURE, HAS NO MATERIAL EXPOSURE TO LEH, AIG EXPOSURE RESOLVED DUE TO US GOVT RESCUE
[13:08] {dino} v rinsed
[13:09] {Threei} hmmm... spam e-mails with offers to refinance, get cheap mortgage etc are still coming
[13:09] {Threei} they just forgot to turn them off or what
[13:10] {magoo} where the hells davielaser
[13:11] {Chaeron} out drinking....
[13:11] {Threei} SRE
[13:11] {Threei} smaaal shares short 50 break
[13:11] {Chaeron} too late
[13:11] {dino} suppose he's busy today
[13:12] {Threei} second chance
[13:12] {Threei} stop above .20
[13:13] {Threei} over 1;1
[13:13] {Threei} 49 should be relatively easy
[13:14] {Threei} half out .50
[13:14] {Threei} +.48
[13:14] {Threei} bidding 49.05 for the balance
06[13:14] * Threei slaps Chaeron around a bit with a large trout
06[13:14] * Threei slaps magoo around a bit with a large trout
06[13:14] * magoo slaps Chaeron around a bit with a large trout
06[13:14] * magoo slaps Threei around a bit with a large trout
[13:14] {Chaeron} I deserved that
[13:15] {magoo} pointer vad
[13:15] {Threei} almost
[13:16] {magoo} mkts losing it again here
[13:16] {Threei} stop to .60
[13:16] {Threei} direct hit
[13:17] {Threei} out +.95
[13:17] {Chaeron} perfect
[13:17] {Threei} lol, even that was too soon
[13:23] {dino} nice
[13:26] {Threei} CALM no worky
06[13:29] * laserdave1 slaps Threei around a bit with a large trout
06[13:29] * laserdave1 slaps Threei around a bit with a large trout
06[13:29] * laserdave1 slaps Threei around a bit with a large trout
[13:30] {Threei} great
06[13:30] * Chaeron slaps laserdave1 around a bit with a large trout
[13:30] {laserdave1} marketssssssssssssssssssssssssssss
[13:30] {magoo} [13:10] {magoo} where the hells davielaser
06[13:30] * laserdave1 slaps Chaeron around a bit with a large trout
06[13:30] * Chaeron slaps laserdave1 around a bit with a large trout
[13:30] {laserdave1} laserdave1 kicks magoo in but with steel toed army boots
06[13:31] * magoo slaps laserdave1 around a bit with a large trout
06[13:31] * magoo slaps laserdave1 around a bit with a large trout
06[13:31] * magoo slaps laserdave1 around a bit with a large trout
[13:32] {Threei} short half lot MS
[13:32] {Threei} stop above .40
[13:32] {Threei} nah
[13:32] {laserdave1} specialist has bought so many shares GS at 100EVEN
[13:32] {laserdave1} it is sick
[13:32] {laserdave1} if they get him watch out for big candle down
[13:32] {magoo} triple witching in play
[13:33] {laserdave1} gold and silver really geting out of hand now
[13:33] {laserdave1} biggest move on gold i have ever seen
[13:35] {Threei} ugh... hesitated too long
[13:37] {Threei} shoot me now
[13:37] {dino} bang
[13:37] {Threei} ty
[13:37] {Threei} I deserved itr
[13:39] {dino} out fdx +.05
[13:39] {Threei} short MS on this bounce
[13:39] {Threei} wider stop, above .50
[13:41] {Threei} half out
[13:41] {Threei} .05
[13:41] {Threei} +.20
[13:41] {Threei} stop .35
[13:42] {dino} v sm risky, l cme 9.50
[13:43] {Threei} out in full
[13:43] {Threei} .85
[13:43] {Threei} +.40 I think
[13:43] {Threei} another bounce to short
[13:43] {Threei} keep it to half lot
[13:44] {Threei} in
[13:44] {Threei} stop .35
[13:44] {magoo} where?
[13:44] {Threei} .19
[13:45] {Threei} out
[13:45] {Threei} .95
[13:46] {Threei} have to play it one leg at a time, bounces are vicious
[13:46] {dino} v sm l .20
[13:54] {Chaeron} gld
[13:57] {peterg} what happens after winningest day?
[13:57] {peterg} losingest!
[13:57] {peterg} hahahahhahahahahhahahahah sniff
[13:58] {Threei} don't push it peter
[13:58] {peterg} not so bad really, but a useful lesson
[13:58] {peterg} right vad
[13:58] {Threei} this is market with little precedent
[13:58] {Threei} and overconfidence is not the best advisor
[13:58] {peterg} exactly
[13:58] {peterg} must learn balance
[13:59] {peterg} or weightlessness
[13:59] {Threei} elation after a few very good days tends to create that
[13:59] {peterg} right
[13:59] {Chaeron} anyone take gld?
[13:59] {peterg} i can trade anything!!
[13:59] {peterg} back in hr
[14:01] {dino} shake it off pete
[14:02] {dino} out v .75 +.55
[14:05] {magoo} l aapl .50
[14:05] {magoo} small
[14:06] {dino} wow cedc
[14:07] {magoo} aapl stopped
[14:08] {magoo} nasty
[14:09] {magoo} a second early
[14:10] {Threei} look at UBS
[14:11] {Threei} the final selloff is closer and closer... but heck, when it comes, you better get a lot of grovel
[14:11] {Threei} or how that sea-sickness drug is called
[14:11] {dptl} :) gravol......... finishing early.....have a good evening all :)
[14:11] {Chaeron} bye dp!
[14:12] {Threei} right
[14:12] {Threei} take care dp
[14:15] {dino} cya dp
[14:15] {magoo} AAPL cart crash
[14:15] {magoo} sh rimm .50
[14:18] {magoo} out no like
[14:20] {dino} xnpt
[14:23] {Threei} US SENATOR DODD: "OTHER SHOES MAY FALL" IN THE CRISIS, INCLUDING REGIONAL BANKS
[14:29] {dino} sm l ace .00
[14:30] {magoo} up with volume vad
[14:31] {dino} xnpt more blood
[14:33] {Threei} maybe a little relief rally mags...
[14:34] {Threei} there is just too much fear in the air for a serious bounce to develop, IMO
[14:35] {dino} [13:42] {dino} v sm risky, l cme 9.50
[14:41] {Threei} MS
[14:41] {Threei} CNBC'S GASPARINO: CEO MACK CLAIMS THAT SHORT SELLERS ARE DRIVING DOWN THE FIRM'S STOCK, MACK SAYS FIRM IS FUNDAMENTALLY STRONG
[14:42] {dino} i believe it waw the mortgage problem
[14:42] {Chaeron} those dang short sellers... same ones that were called "speculators" that drove oil up? :) I wanna be one of THEM :)
[14:43] {Chaeron} right dino
[14:43] {dino} ty
[14:43] {magoo} just wait..pelosi will get on band wagon and over regulate short selling
[14:43] {dino} out cme 329.50
[14:44] {dino} +10.00
[14:44] {Threei} eeck
[14:44] {Threei} dino
[14:44] {dino} :)
[14:44] {Threei} with all due respect:
06[14:44] * Threei slaps dino around a bit with a large trout
[14:44] {Onix} go DINO!
[14:44] {Chaeron} 10pt + trades deserve a trout
[14:45] {Threei} no kidding
[14:45] {dino} better lucky than good
[14:45] {Threei} from now on, special trout is reserved for 10 pt trades
[14:45] {Chaeron} I'm expecting Dodd to comment on that on the floor of the Senate soon
[14:45] {Chaeron} maybe comment on the mandatory trout as well... who knows at this point?
[14:45] {dino} DodoDodd
[14:46] {Chaeron} lol
[14:47] {Threei} I would expect them to ban +10 trades
[14:47] {Threei} in order to prtect us
[14:47] {Onix} yealousy makes you nasty
[14:48] {magoo} f'in cramer crusading against short sellers 24/7
[14:48] {dino} tough crowd
[14:48] {magoo} piusses me off..he made his fortune short
[14:48] {Threei} I thought it was inside information
[14:48] {Chaeron} he qualifies to be a polititian - either way...
[14:49] {magoo} he wants rules changed now AFTER he abused them to make fortune
[14:49] {Chaeron} of course... and be held as a hero for cleaning things up
[14:49] {Chaeron} pure polititian :)
[14:50] {Threei} GE CEO: PEOPLE SHOULD BE CONCERNED, NOT PANICKED, BY FINANCIAL CRISIS
[14:50] {Chaeron} there's a very fine line there......................
[14:50] {Threei} give people such salary and bounses as you get, dear CEO...
[14:50] {Threei} and yes, they may be just slightly concerned
[14:51] {dino} yeah, and in his book he admits he broke the margin req. law, but made millions doing it, meanwhile us little guys get automatically sold out
[14:52] {Chaeron} hypocracy pisses me off
[14:52] {magoo} i hate cramer
[14:52] {Threei} take a number
[14:52] {magoo} i wish io could get phone in and tell him off
[14:53] {Threei} wow, MS pullback
[14:58] {Threei} GS another fast drop
[14:58] {Threei} watching MS for following
[14:59] {Threei} didn't follow really
[15:02] {dino} markets confused'
[15:02] {Threei} badly
[15:04] {dino} me too
[15:04] {magoo} im confused
[15:04] {magoo} but having a great day
[15:04] {magoo} and best week
[15:05] {Threei} good thing you are confused then
06[15:05] * dino slaps magoo around a bit with a large trout
[15:05] {magoo} drunk too
[15:05] {Threei} good idea dino
06[15:05] * Threei slaps magoo around a bit with a large trout
[15:05] {patience} you found a supplier of cheap vodka magoo?
[15:06] {Chaeron} I did... free
[15:06] {magoo} called vads wife secretly...she was more than glad to ship his to me
[15:07] {dino} looking at cedc seems it must be free
[15:07] {Chaeron} (noone ever believes me...)
[15:08] {dino} oh, and you canadians, will appreciate this, i brewed up a batch of canadian ale last night
[15:08] {patience} too funny dino
[15:08] {patience} higher alcohol content?
[15:08] {dino} seriously, mr.beer kit
[15:08] {dino} 5%
[15:09] {patience} then you wouldn't mind taking those 20 dozen green plastic beer bottles i have in the garage
[15:09] {dino} lol, i used red stripe bottles, painted lables
[15:11] {Threei} where does GS/MS happiness come from
[15:11] {magoo} AAPL
[15:11] {dino} there is none
[15:18] {dino} out ace .40, +.40
[15:18] {Threei} for videogame fans
[15:18] {Threei} MS folows GS with few milliseconds delay
[15:19] {Threei} if you are very very fast
[15:19] {Threei} scalping opportunities abound
[15:19] {dino} magoo is an idiot, i had to throw my shoe at him
[15:20] {Threei} lol, wbhat did he do
[15:20] {dino} all seriously, he says.."is this a hard market?"
[15:21] {dino} cedc sm l .75
[15:22] {peterg} packing it in, see you tomorrow
[15:22] {magoo} i was staring at screen and shoe smashes in..skeered heck out of me..seriously
[15:22] {Threei} take care peter
[15:22] {magoo} jumped out of seat..roller seat smacks wall
[15:22] {Threei} lol
[15:22] {Threei} \you guys
[15:23] {dino} cya peter
[15:23] {dino} i said, ask any mutual fund holder how they are doing
[15:24] {Threei} and makes sure you ask from very far
[15:25] {Threei} NY POST REPORTS WAMU IS CLOSE TO HIRING GOLDMAN SACHS TO EXPLORE STRATEGIC ALTERNATIVES, INCLUDING SALE
[15:25] {Threei} -Reminder overnight the NY Post reported that Federal Regulators were actively shopping Wamu (see our research note){GS}
[15:25] {Threei} US HOUSE OF REPRESENTATIVES HAS REPORTEDLY SCHEDULED A MEETING ON THE OIL SPECULATION BILL TOMMOROW
[15:25] {Threei} {USO}
[15:25] {Threei} that'll show damn sepculators
[15:25] {dino} cedc stop to .95
[15:26] {dino} out .major slip, .75, +1.00
[15:26] {Chaeron} I think that dino is going to be retiring soon
[15:27] {Threei} on what, +1 trades?
[15:27] {Threei} he does just one +10 a day
[15:27] {Threei} not enough for retirement
[15:27] {Chaeron} yeah... what am I thinking... whadda putz
[15:28] {dino} i trade small size guys, going to take a couple more years
[15:32] {judijim} take care everyone, be back tomorrow
[15:32] {Threei} take care jj
[15:33] {dino} later jj
[15:34] {dino} trv sm l .20
[15:37] {dino} stop trv .85 -.35
06[15:37] * Chaeron slaps laserdave1 around a bit with a large trout
06[15:38] * Chaeron slaps laserdave1 around a bit with a large trout
06[15:38] * magoo slaps laserdave1 around a bit with a large trout
06[15:38] * Chaeron slaps laserdave1 around a bit with a large trout
[15:38] {Chaeron} Dcc dave
[15:38] {Chaeron} ?
[15:38] {Chaeron} thanks mags
[15:38] {Chaeron} WM not happy... going to break or bounce?
[15:40] {Threei} leave it alone...
[15:40] {Chaeron} not touching it... just looking for entertainment
[15:40] {Threei} watch GS/MSA for that :)
[15:41] {Chaeron} doing that too... have ADD
[15:41] {patience} its very oversold on daily, weekly, monthly charts, but vad is right, not touching it, looks like down
[15:41] {magoo} i need a brew
[15:43] {Threei} any minute it could be rescued by fed or govt
[15:44] {Threei} and we all know ehat happens to those who get rescued, right?
[15:46] {Chaeron} (crickets chirping)
[15:46] {Chaeron} all too afraid to answer
[15:46] {Threei} GS spike
[15:51] {magoo} just opened a beer
[15:52] {magoo} ty vad
[15:52] {Threei} ?
[15:53] {magoo} just telling u before u leave
[15:53] {magoo} thanx
[15:53] {Threei} ah
06[15:53] * magoo slaps patience around a bit with a large trout
06[15:53] * magoo slaps laserdave1 around a bit with a large trout
06[15:53] * magoo slaps jmb around a bit with a large trout
06[15:53] * magoo slaps dptl around a bit with a large trout
06[15:53] * magoo slaps dino around a bit with a large trout
06[15:53] * magoo slaps Chaeron around a bit with a large trout
06[15:53] * magoo slaps brian3579 around a bit with a large trout
06[15:53] * Chaeron slaps magoo around a bit with a large trout
06[15:53] * magoo slaps Raven around a bit with a large trout
06[15:53] * magoo slaps Threei around a bit with a large trout
[15:54] {magoo} u edit those ?
[15:54] {Threei} no
[15:54] {magoo} no kidding..public sees that?
[15:54] {Threei} yup
[15:54] {magoo} crap
[15:55] {Threei} OK guys, thank you, have a good evening
[15:55] {Threei} see you tomorrow
[15:55] {Chaeron} thanks Vad

Sep 16 2008

Session Time: Tue Sep 16 00:00:00 2008
[08:09] {Threei} IMF CHIEF STRAUSS KHAN: CREDIT CRISIS UNPRECEDENTED, GLOBAL ECONOMY WILL SLOW BETWEEN 0.5-2.0% OF GROWTH
[08:09] {Threei} - Notes the fact that a certain number of banks in the U.S. are restructuring shouldn't lead to panic
[08:09] {Threei} - Says some parts of the world are more or less affected, but the slowdown is general
[08:09] {Threei} - Adds some positive developments, including the oil price which has dropped below $100 a barrel and said the IMF would predict an economic upturn in 2009 in its next forecast in October.
[08:09] {Threei} so... he is predicting what they will predict
[08:09] {Threei} Nostradamus on steroids, I see
[08:12] {Threei} GS earnings before open
[08:13] {Threei} AIG
[08:13] {Threei} NEW YORK GOV PATTERSON: AIG HAS ONE DAY TO RESOLVE ITS PROBLEMS
[08:14] {Threei} and then?
[08:14] {Threei} at the rate it's dropping, even one day seems eternity
[08:15] {Threei} GS
[08:15] {Threei} REPORTS Q2 $ V $1.71E, R $6.04B V $6.23BE
[08:15] {Threei} Q2 $1.81 V $1.71E
[08:17] {Threei} short a little BAC
[08:17] {Threei} GS dropping has a chance to take it down too
[08:18] {Threei} oil 91
[08:25] {Threei} AIG
[08:25] {Threei} PRICE TARGET LOWERED TO $3 FROM $6 AT CREDIT SUISSE; MAINTAINS NEUTRAL RATING
[08:25] {Threei} brilliant
[08:25] {Threei} target is reached
[08:27] {magoo} jhfhfhehgdhhdgmdhg
[08:27] {Threei} lkdohutmsndjeoitrm
[08:27] {Threei} sever dump GS
[08:27] {Threei} die BAC
[08:28] {Threei} with two heavy weights on your ankles, what business do you have floating on the surface
[08:29] {magoo} where u in sh?
[08:29] {Threei} .40
[08:29] {magoo} any bounce mnay be nice GS short
[08:30] {Threei} AUG CONSUMER PRICE INDEX M/M: -0.1% V -0.1%E;
[08:30] {Threei} Y/Y: 5.4% V 5.5%E;
[08:31] {Threei} CPI EX FOOD -ENERGY M/M: 0.2% V 0.2%E; CPI NSA: 219.086 V 219.300E
[08:33] {Threei} not sure why BAC is somewhat immune to selloff so far
[08:33] {Threei} maybe it's seen as one who survives no matter what
[08:33] {Threei} or maybe shorting finnies became too obvious
[08:34] {Threei} and it's time to flush out overconfident shorts
[08:34] {Threei} and as if there was not enough excitement yet, we have FOMC rate decision today
[08:34] {Threei} which was no brainer till yesterday
[08:34] {Threei} but now there is a streetwide speculation of cut
[08:35] {magoo} and perception of cut more difficult this time
[08:35] {magoo} cut symbolizes everything very bad
[08:36] {magoo} no cut could be perceived as things are stabilizing
[08:36] {magoo} or as fed is clueless
[08:36] {Threei} I can't imagine another cut
[08:38] {Threei} JASO
[08:38] {Threei} PROVIDES STATEMENT ON LEHMAN BROTHERS RELATIONSHIP
[08:38] {Threei} uh oh
[08:39] {Threei} NEW YORK FED: TALKS ON AIG WILL CONTINUE TODAY
[08:40] {Threei} JASO same kind of deal with LEH as ESLR had, it seems
[08:40] {Threei} look where it got ESLR
[08:41] {Threei} PIMCO'S EL ARIAN: FED RATE CUT IS NEEDED IF TODAY'S LIQUIDITY OPERATIONS FAIL TO LIQUIFY MARKETS
[08:41] {Threei} panicking idiot
[08:42] {Threei} last thing we need is dcision on rates based on ONE DAY's operation
[08:42] {Threei} ok BAC
[08:43] {Threei} that's better
[08:46] {Onix} good morning
[08:46] {dino} gm all
[08:46] {Threei} RUSSIA MICEX EXCHANGE SUSPEND TRADING
[08:46] {Threei} was down like 15%
[08:46] {Threei} onix, dino :)
[08:49] {dino} onix?
[08:54] {Threei} GS crash in works
[08:55] {Threei} wow
[08:55] {peterg} morning!
[08:55] {Threei} big bid hit on BAC
[08:55] {Threei} peter :)
[08:57] {fernp} Good morning everybody
[08:57] {Threei} fern :)
[08:58] {Threei} BAC needs to lose .80 to launch next leg down
[08:59] {Threei} BARCLAYS CLOSING IN ON A DEAL TO BUY LEHMAN'S US ASSETS FOR ABOUT $2B - WSJ CITING SOURCES
[09:00] {Threei} going to cover half BAC if it breaks .90
[09:00] {Threei} GERN
[09:00] {Threei} ANNOUNCES ISSUANCE OF U.S. PATENT FOR CARDIOMYOCYTES FROM HUMAN EMBRYONIC STEM CELLS
[09:01] {Threei} good boy BAC
[09:01] {Threei} magoo, fess up
[09:01] {Threei} shorted it?
[09:02] {magoo} actually hit gs vad
[09:03] {Threei} price?
[09:04] {magoo} out already
[09:04] {Threei} okay
[09:04] {Threei} C on its merry way to 14
[09:04] {Threei} which is its Bear Sterns low
[09:05] {Threei} game plan for BAC is to cover some on the next drop,
[09:06] {Threei} and whatever happens, keep a little for big score
[09:07] {Threei} I mean... what's my risk? with stop above today's high and playing with house money, why not try and keep small shares for multipoint drop
[09:08] {Threei} GS
[09:08] {Threei} CFO :ACCESS TO LIQUIDITY REMAINS STRONG
[09:08] {Threei} ok... GS started this "everything's fine" line of announcements
[09:08] {Threei} eerily familiar
[09:09] {Threei} covered half BAC +1
[09:09] {peterg} aig drifting drifting down
[09:09] {magoo} nice one vad
[09:09] {Threei} if AIG fails, this has all makings of Armageddon
[09:10] {peterg} suggested dominos?
[09:10] {Threei} all of them
[09:10] {Threei} whoever is still standing
[09:11] {Threei} C, CIT, BAC, MS, GS, WM
[09:11] {Threei} whatelse is out there
[09:11] {peterg} thks
[09:12] {peterg} for summary
[09:12] {Threei} be back in 5
[09:13] {magoo} your buddy farley post in columnist conversation ;
[09:13] {magoo} obvious we're getting afternoon rate cut, maybe as high as .50%"
[09:17] {Threei} certainly expectations of it are ramped up
[09:18] {Threei} and oil drop gives Fed some room to do that
[09:18] {Threei} IMO, it would be stupid
[09:18] {Threei} but who would put stupidity beneath them
[09:18] {magoo} well, hes a smart guy..also states"my gut says it does matter and we'll finish the day much higher, as long as the rate cut is a decent size"
[09:19] {Threei} quite possible
[09:19] {esemde} good morning.....withh you for a few minutes then have to go...how was everyone yesterday
[09:19] {magoo} just for info here..no one knows
[09:19] {magoo} but keeping open mind
[09:19] {Threei} hi ese
[09:19] {Threei} yesterday was good
[09:19] {esemde} must have been afeild day for dino
[09:20] {Threei} every day is a field day for dino
[09:20] {esemde} true indeed!!!!
[09:22] {Threei} 25 lost on BAC
[09:22] {dino} no es, up nice early, gave it back later, lots of distractions at office, pretty much pissed me off
[09:23] {dino} accountants, attorneys, mother, etc.....
[09:23] {dino} in any case, a new day
[09:24] {dino} as for rate cuts 3i, i think you are missing one main point, w/a cut the banks instantly increase the spread on what they take in vs. what they pay out. it has to happen, imo
[09:24] {dino} salvation thru inflation again my friend. re-liquify it all
[09:25] {dino} deflatrion has always been the fear
[09:25] {Threei} IMO... it does nothing but lays foundation for more of the same down the road
[09:25] {Threei} I understand the reasoning dino
[09:25] {Threei} I just disagree with it
[09:25] {dino} but there is no other answer
[09:25] {peterg} yeah, but down the road is not now
[09:26] {peterg} later is better; lets party
[09:26] {peterg} now
[09:26] {dino} correct peter
[09:26] {Threei} mess we are in is caused by exactly this: today's solution with no regard for tomorrow's consequences
[09:26] {peterg} yes
[09:26] {peterg} party on
[09:26] {peterg} till world spins off its axis and rolls out to pluto
[09:27] {esemde} question is will a rate happen before market opens.....
[09:27] {Threei} 2:15 FOMC decision, ese
[09:27] {esemde} there was that speculation going on to restore confidence
[09:27] {judijim} good morning all
[09:27] {Threei} jj :)
[09:27] {esemde} the street gurus were saying it should come before the open
[09:28] {esemde} jj
[09:28] {Threei} pewter, add WB and ABK to the list
[09:28] {peterg} you mean silver dont you
[09:28] {Threei} lol
[09:29] {Threei} AIG under 2... mama mia
[09:30] {Threei} going to cover 1/4 more BAC on break over 25.40 if happens
[09:30] {Threei} otherwise on some dump
[09:31] {Threei} Short Setup: WB 9 breakdown
[09:33] {Threei} stop/invalidating level above .20
[09:33] {Threei} out 1/4 more BAC
[09:33] {Threei} +2
[09:33] {GeoArb} gm
[09:33] {Threei} Geo :)
[09:35] {dino} sm l ilmn .10
[09:36] {Threei} Short Setup: C 14.20 breakdown
[09:36] {patience} tsx down -303, seems like a normal day now
[09:37] {Threei} stop/inv level above .40 C
[09:38] {magoo} u doing half lots again today?
[09:38] {Threei} full on C, liquidity is big on it
[09:38] {dino} gj guys
[09:39] {Threei} LEH
[09:39] {Threei} BARCLAYS REPORTEDLY AGREES TO BUY ASSETS
[09:40] {Threei} tightening stop on C to .31
[09:40] {Threei} too tense here, gotta stays safe
[09:40] {dino} v l .83
[09:40] {Threei} out
[09:41] {peterg} fantasy is, Barclays rescues world
[09:42] {Threei} this spike is exactly what I want to avoid being caught in by tightening stop
[09:43] {esemde} ya ...it's not like couldn't have done that on the weekend
[09:43] {esemde} they wanted to drive the price of the assets down then jump in
[09:43] {Threei} watching UAUA for bounce
[09:46] {Threei} jeez AIG
[09:46] {Threei} what a bounce
[09:46] {dino} cyber order change issues
[09:47] {dino} ilmn stop to .15
[09:49] {dino} to .15 again
[09:49] {dino} out ilmn 80.15, +2.05
[09:51] {Threei} FORMER CEO GREENBERG: IF AIG CANNOT GET A BRIDGE LOAN FROM EITHER THE FEDERAL GOVERNMENT OR PRIVATE SOURCES, THE FIRM MAY GO BANKRUPT
[09:51] {dino} way to reassure the markets
[09:52] {Threei} he is trying to scare them into giving loan
[09:52] {dino} ahhh, good point
[09:52] {Threei} AIG bankruptsy is, ummm
[09:52] {GeoArb} my esignal refuses to get data for me
[09:52] {GeoArb} good thing its expiring on 25th
[09:52] {Threei} as close to end of the world as it gets
[09:52] {esemde} man...feel sory for you dino....ya got to work with a bunch of idiots down there.....
[09:52] {esemde} nice reassurance for sure sheesh11!!
[09:53] {magoo} u calling magoo an idiot?he works with me everyday :)
[09:53] {Threei} GM
[09:53] {Threei} CEO: 25B IN LOAN GURANTEES IS A FAIR AMOUNT
[09:53] {Threei} I can't watch it...
[09:53] {GeoArb} what i call people depends how far i am from them
[09:53] {Threei} greatest companies are reduced to beggars
[09:53] {esemde} opps!!!!! directed statement not generalized
[09:53] {GeoArb} i am ok with it
[09:54] {dino} lol es
[09:54] {GeoArb} well finally get some decent minds back in medicine and engineering
[09:54] {dino} old quote magoo knows..."surrounded by idiots"
[09:54] {GeoArb} all of them have been chasing finance and making up instruments
[09:55] {dino} ouch cedc
[09:56] {esemde} talk about fire sales...NVDA
[09:56] {Threei} hmmm
[09:56] {esemde} 5 year low
[09:56] {Threei} you would think in times like this vodka ought to be a popular product
[09:56] {GeoArb} heh
[09:56] {esemde} defineately
[09:56] {GeoArb} baileys in my morning coffee today
[09:57] {dino} you are living
[09:58] {GeoArb} I HATE ESIGNAL
[09:58] {GeoArb} when the pipes clog... esignal sure lets you know
[09:58] {Threei} staying on a careful side still
[09:58] {Threei} yesterday was good... but we have this FOMC today on top of everything
[09:59] {dino} ntrs
[09:59] {Threei} which skews the expectations
[10:00] {Threei} let's go to half lot as we did yesterday
[10:00] {esemde} gotta go everyone....see ya tomorow
[10:00] {Threei} take care ese
[10:01] {esemde} see ya vad
[10:01] {dino} ntrs sm l .75
[10:02] {dino} wide wicked
[10:04] {dino} out ntrs .98, +1.23
[10:04] {Threei} typed MER long .50 break... thing was at .65 before I could hit enter
[10:06] {Threei} Long Setup: WB 11 break
[10:06] {Threei} .85 stop
[10:08] {Threei} stop to .89
[10:08] {Threei} half out .23
[10:08] {Threei} scalpers take profit
[10:09] {Threei} out in full +.65
[10:09] {peterg} ty +.16
[10:09] {peterg} got in late
[10:09] {peterg} got out early
[10:10] {Threei} welcome... but don't chase peter
[10:10] {peterg} rt
[10:10] {GeoArb} story of my life
[10:10] {Threei} either they pull back for you or let them go
[10:10] {Threei} wow, nailed top within 3 cents
[10:10] {Threei} rare case with me
[10:11] {Threei} sheesh, look at its drop
[10:11] {Threei} all the way back
[10:15] {Threei} looking at the prices in tech sector... boy, when recovery finally starts (providing world doesn't end)...
[10:15] {Threei} look at NVDA, DELL, KLAC, BRCM
[10:16] {Threei} MER half lot long
[10:16] {Threei} right here
[10:16] {Threei} got .33
[10:16] {Threei} stop under .10
[10:18] {Threei} hmmm... expected it to cut through .50 easier
[10:19] {Threei} either tighten stop to .25 or take small scalp
[10:19] {dino} fwiw watching fdx ntrs, still in v
[10:21] {Threei} whew... held by fingertips
[10:21] {Threei} out MER
[10:21] {Threei} .49, +.16
[10:21] {Threei} if it wants to break, it can do it without me
[10:22] {Threei} potentially scariest call I've ever made
[10:23] {Threei} Long Setup: AIG 2.96
[10:24] {Threei} offer half 3.15
[10:24] {Threei} direct hit
[10:24] {Threei} stop 2.89
[10:24] {dino} fdx sm l .50
[10:24] {Threei} offer second half .31
[10:25] {Threei} direct hit
[10:25] {Threei} going for a smoke
[10:28] {dino} v stop to .87
[10:29] {dino} fdx to .94
[10:31] {dino} out fdx .00 +.50
[10:31] {Threei} WM
[10:31] {Threei} UK'S DAILY MAIL REPORTS JP MORGAN CONSIDERING A NEW APPROACH, CITING UNIDENTIFIED SOURCES
[10:31] {Threei} - reports an $8/shr stock swap offerred by JPM earlier this year was rejected by WaMu{JPM}
[10:31] {dino} v to .30
[10:32] {dino} out v .30, +1.43
[10:32] {Threei} wtg
[10:32] {Threei} what, no takers on AIG?
[10:32] {dino} too busy, 4/4, all over $1 except fdx
[10:32] {dino} need coffee
[10:33] {Threei} ese was right... field day for ya :)
[10:33] {Threei} coffee? I need CEDC product
[10:33] {dino} now get conservative and avoid distractions
[10:34] {dino} yeah, cedc, what to do.....
[10:35] {dino} gs nice comeback
[10:35] {magoo} i took AIG vad, 0out .41
[10:37] {Threei} whew
[10:37] {magoo} yeah fl too
[10:40] {magoo} rimm sh small.412
[10:40] {magoo} fast
[10:41] {magoo} looking for under 96
[10:42] {magoo} ah...cover here
[10:42] {magoo} .15
[10:42] {magoo} scalpin
[10:42] {Threei} US TREASURY CONFIRMS CANCELLATION OF PAULSON SPEECH AS HE IS CURRENTLY SLATED TO FOCUS ON MARKET DEVELOPMENTS
[10:42] {Threei} {XLF AIG}
[10:43] {Threei} hope he doesn't use esignal
[10:43] {magoo} ROFLOL
[10:43] {GeoArb} that was low vad
[10:43] {Threei} don't put it beneath me {G}
[10:43] {GeoArb} well i am locked out of the market.... moving funds to laser
[10:44] {GeoArb} so i guess you can call the move capital preservation
[10:44] {Threei} my respect for those guys is at all time low
[10:44] {Threei} forms DBI, breaks support
[10:45] {Threei} CNBC'S FABER: SOURCES NOTE THAT AIG IS UNLIKELY TO RECEIVE RESCUE PACKAGE TODAY
[10:45] {dino} i see cnbc crucified hank greenberg two years ago, and now they make him a hero again
[10:46] {dino} i still say hank hired the spitzer hooker
[10:46] {Threei} this is priceless:
[10:46] {Threei} PG CFO: US MARKET IS ACCELERATING AT A MODERATE PACE
[10:46] {Threei} lol dino
[10:46] {GeoArb} accelarating
[10:46] {Threei} good job if he did
[10:46] {GeoArb} and moderate
[10:46] {Threei} yeah geo, it's this new speak
[10:46] {Threei} negative growth
[10:47] {dino} geo just doesn't like them in same sentence
[10:47] {GeoArb} so i came up with a new joke
[10:47] {Threei} AIG SPOKESPERSON: NY STATE HAS YET TO PROVIDE A $20B, THAT FIGURE IS CONTINGENT UPON GREATER RESCUE PACKAGE
[10:47] {GeoArb} fuld meets paulson in a bar with a cup in hand
[10:48] {GeoArb} paulson screams..........
[10:48] {GeoArb} NO LEHMAN....AID for you !!!! (seinfield)
[10:48] {Threei} aid nazi?
[10:48] {GeoArb} yup :)
[10:48] {Threei} :)
[10:48] {GeoArb} lemonade
[10:48] {dino} ahhh
[10:49] {Chaeron} good morning all
[10:49] {GeoArb} do the accent dino
[10:49] {Threei} ok... let's watch if headline about those 20B appears, then buy all AIG you can
[10:49] {magoo} chaer:)
[10:49] {Threei} chaeron :(
[10:49] {Chaeron} :P
[10:49] {Threei} mised couple beautiful plays
[10:49] {GeoArb} yeah vad had to take a puff break
[10:49] {GeoArb} he was excited
[10:50] {Chaeron} lol... well, let's find some more
[10:50] {Threei} excited delirium
[10:53] {Threei} wow
[10:53] {magoo} quote server vad?
[10:53] {Threei} 4
[10:53] {Threei} wth
[10:53] {Threei} AIG
[10:53] {Threei} no news yet
[10:53] {Threei} ahhh... CNBC
[10:53] {GeoArb} ok
[10:53] {Threei} sh*t... missed :(
[10:53] {Chaeron} damn
[10:54] {fernp} American Intl doesn't yet have $20 bln from NY pact, state spokesman says; AIG's $20 bln from New York contingent on broader rescue- Bloomberg (2.80 -1.97) -Update-
[10:54] {Chaeron} retrace
[10:54] {Threei} CNBC'S GASPARION: GOVT IS ACKNOWLEDGING 'DIRE' SITUATION, RESCUE PACKAGE MAY NOW BE ON THE TABLE
[10:54] {dino} 100 pt swing dji, aig must have leaked
[10:55] {magoo} QUOTE SERVER VAD
[10:55] {Threei} 4
[10:55] {magoo} trying all
[10:55] {Threei} works fine
[10:55] {dino} cedc sm l .35 risky
[10:55] {Chaeron} 9 too
[10:56] {Threei} can't believe it... that was what I was waiting for on AIG, and missed it
[10:56] {GeoArb} it ran before news
[10:57] {dino} cedc stop is .97 fwiw
[10:58] {Threei} AIG low 1.25... what does the seller feel right now
[10:58] {Threei} good thing we switched to longs on finnies
[10:58] {Threei} that could have really hurt
[10:59] {Threei} ok, now's time for AIG rumor denials I guess
[11:01] {Threei} GS is aiming for 135
[11:03] {dino} 145 you mean
[11:03] {Threei} I'll adjust on the go :)
[11:04] {Threei} FED DECLINES TO COMMENT ON CNBC REPORT THAT GOVERNMENT MONEY IS ON THE TABLE FOR AIG
[11:04] {dino} :)
[11:04] {dino} notice they don't say taxpayer money
[11:07] {dino} cedc stop to .94
[11:10] {dino} mkt drop
[11:10] {Threei} NY FED: REITERATES THAT MEETINGS IN RELATION TO AIG ARE STILL ONGOING
[11:10] {Threei} nice drop
[11:11] {dino} ceedc to .14
[11:11] {Threei} now announce that aid is granted... but do it beofre stock jumps this time
[11:11] {dino} out slip cedc ave .10, +.75
[11:11] {Threei} yeah right
[11:11] {Threei} sigh
[11:11] {Threei} gj dino
[11:12] {dino} ty
[11:12] {dino} micc watch
[11:15] {dino} ntrs drop
[11:15] {Threei} CNBC'S FABER: PRIVATE SECTOR DEAL FOR AIG IS DEFINITELY DEAD
[11:16] {dino} oh ohh
[11:18] {Threei} AIG setting up for new headline, lol
[11:19] {dino} private sector says no, gov't says yes(?)
[11:20] {Threei} something of this kind, yeah
[11:20] {dino} syut destroyed
[11:20] {dino} 48-17 in 2 days
[11:22] {Threei} wow AIG
[11:22] {Threei} swings on $2 stock
[11:22] {Threei} .81 long
[11:22] {Threei} .69 stop
[11:23] {fernp} AIG American Intl: Treasury official said that comments made by Hank Paulson stand from yesterday (inappropriate to use money in the LEH case and inappropriate to use money in the AIG case), but that this is based on a circumstance by circumstance basis - CNBC (2.86 -1.90) -Update-
[11:23] {Threei} invalidated for now
[11:24] {Threei} setup is almost complete
[11:24] {magoo} mkts losing groiund
[11:24] {Threei} .71 long, .59 stop now
[11:24] {magoo} good news would send aig thru 5 imo..not in of course
[11:25] {Threei} nope
[11:25] {Threei} gotta just wait for next headline, lol
[11:25] {GeoArb} so here is a q vad
[11:25] {magoo} no questions'
[11:26] {GeoArb} do we have to also play what everyone else is playing?
[11:26] {Threei} ?
[11:26] {GeoArb} or maybe there is easier money somewhere else?
[11:26] {Threei} you see anything else moving?
[11:26] {GeoArb} no just a thought
[11:26] {GeoArb} playing aig is like playing ES right now
[11:26] {GeoArb} everyone staring at eueballs
[11:26] {GeoArb} eye
[11:27] {dino} geo, i've been on my own all morning
[11:27] {GeoArb} dino youre the pacman...... i wouldnt expect any less lol
[11:28] {dino} watching ntrs for spike low
[11:28] {GeoArb} AIZ chart
[11:28] {GeoArb} broke
[11:29] {Threei} SYUT
[11:29] {Threei} NFANT FORMULA MAKER WITH OPERATIONS IN CHINA TRADING DOWN OVER 50% TODAY
[11:29] {Threei} - share hit after reports this week of dangerous batches of infant formula being produced in China. Its not clear at this time if SYUT or its subsidiaries are involved in that case.
[11:30] {dino} ty, found it too.
[11:31] {Threei} GM
[11:31] {Threei} VICE CHAIRMAN LUTZ: SEE FULL SCALE TARGET PRODUCTION FOR THE VOLT AT ABOUT 60K UNITS
[11:32] {Threei} that's it/
[11:32] {Chaeron} yeah... they're too busy making real cars for the Chinese consumers
[11:33] {dino} when tho?
[11:34] {Chaeron} dunno, but favorite car in China is buick
[11:34] {Chaeron} black ones
[11:35] {GeoArb} aiz nice breakdown
[11:36] {GeoArb} no news
[11:39] {Threei} ACPW
[11:39] {Threei} RECEIVES MULTIMILLION DOLLAR ORDER FROM LEADING GLOBAL INTERNET SEARCH ENGINE PROVIDER
[11:39] {Threei} hmm
[11:39] {Threei} Google?
[11:40] {Threei} WM
[11:40] {Threei} PRICE TARGET LOWERED TO $1 FROM $3 AT MERRILL; MAINTAINS UNDERPERFORM RATING
[11:40] {Threei} JPM REPORTEDLY NOT IN ACTIVE TALKS TO ACQUIRE WM - UNCONFIRMED REPORT
[11:40] {dino} aiz interesting
[11:40] {magoo} jesus...nice of mer
[11:40] {GeoArb} yeah
[11:40] {GeoArb} i am simming
[11:40] {GeoArb} sniff
[11:41] {GeoArb} dont even know why i woke up early
[11:42] {Chaeron} if you move to Russia, you can wake up late and trade... :)
[11:42] {GeoArb} heh
[11:42] {GeoArb} i am thinking bermudas
[11:43] {GeoArb} trade at 10:30
[11:43] {Chaeron} that would interfere with scuba time...
[11:43] {dino} no beach at 10:30
[11:43] {GeoArb} nah
[11:44] {GeoArb} i was born tanned
[11:44] {GeoArb} also dont want to inflict my physice on the pretty crowd :)
[11:44] {Chaeron} or spelling
[11:44] {GeoArb} lol
[11:44] {GeoArb} physik
[11:45] {Chaeron} you're going to wake up Raven if you keep it up
[11:45] {GeoArb} noooo
[11:45] {Threei} and that won't be pretty
[11:45] {GeoArb} got a good wupping last time
[11:45] {GeoArb} i hope you all killed on AIZ
[11:45] {GeoArb} sniff
[11:46] {GeoArb} keeps doing the DBI thing
[11:47] {dino} aiz sm l .45
[11:47] {GeoArb} you plaing the 5 min dino?
[11:48] {dino} ntrs sm l .49
[11:49] {dino} 3
[11:49] {GeoArb} ok
[11:49] {Raven} {}
[11:49] {GeoArb} sheesh
[11:51] {GeoArb} nice dino
[11:51] {_petike} Hy everybody
[11:51] {Threei} EPORTEDLY MUNICH RE IS INTERESTED IN SEVERAL OF AIGS ASSETS
[11:51] {Threei} hi petike
[11:52] {Chaeron} hi there petike
[11:52] {Threei} isn't it interesting how market moves from worry to worry
[11:52] {Threei} last week was all about LEH
[11:52] {Threei} this one is abput AIG
[11:53] {Threei} but really, how do you justify salvation of Bear and letting AIG fail?
[11:53] {GeoArb} ummm
[11:53] {GeoArb} blew out all the funds?
[11:53] {Threei} what funds...
[11:53] {GeoArb} our funds?
[11:54] {dino} aiz stop to .75 ty geo
[11:54] {Threei} funds are created by fed pen
[11:54] {GeoArb} really nice
[11:56] {dino} out aiz .85 +.40
[11:56] {dino} most likely too soon, but in scalp mode now
[11:56] {Threei} yeah, market is locked in a narrow ran ge now
[11:57] {Threei} waiting for AIG developments and for FOMC
[11:57] {dino} rock n roll
[11:58] {dino} darn aiz beauty
[12:00] {Threei} ALLIANZE CEO: NOT INTERESTED IN AIG REINSURANCE OR LEASING BUSINESSES
[12:02] {GeoArb} yeah
[12:02] {dino} they are all "giving it" to aig
[12:03] {Threei} FRIEDMAN BILLINGS SPECULATES ON LOANS TO AIG, NOTES SWF MAY PROVIDE LOAN (TIMING UNCERTAIN)
[12:03] {Threei} jeez
[12:04] {Threei} these idiots should be made to keep their trap shut by law
[12:04] {patience} with all these news stories, it just takes the fun out of trading
[12:04] {dino} out ntrs .89 +.40
[12:04] {GeoArb} cb dino
[12:05] {GeoArb} ok late
[12:05] {dino} they are winners in this aig mess
[12:06] {GeoArb} chubb lloyd
[12:06] {_petike} Hy im really new with stock AIG is whitc company exatly cause when i put AIG my broker shoe me companies and im don`t know whotch AIG what we talking about
[12:07] {Threei} American International Group, Inc
[12:07] {_petike} many thanks
[12:08] {Threei} FITCH PLACES RATINGS FOR AIG SOUTH AFRICA AND AIG LIFE SOUTH AFRICA ON WATCH NEGATIVE
[12:09] {Threei} ok... AIG failure will threaten South Africa and probably whole continent, too
[12:10] {dino} big boys will pick up the life business cheap, they always do (exectutive life, nj life, etc)
[12:13] {dino} imcl
[12:15] {_petike} imcl look like go down like rocket
[12:15] {dino} brb
[12:16] {Threei} no news IMCL
[12:16] {Threei} daily chart looks bottomless
[12:17] {Threei} is any bad news appear, there is just no support
[12:19] {dino} bristal may pull bid
[12:19] {Onix} What time is the FED going to speak?
[12:19] {Threei} 2;15 announcement
[12:19] {Onix} thanks!
[12:20] {Onix} 2;15 EST?
[12:20] {dino} ntrs not following this time
[12:20] {Threei} yes
[12:21] {magoo} always 2:15 est unless a surprise
[12:24] {dino} every 6 weeks
[12:24] {Threei} NATO grew a set
[12:24] {Threei} http://www.telegraph.co.uk/news/worldnews/europe/georgia/2970251/Georgia-Nato-chief-reinforces-claim-to-membership.html
[12:24] {dino} probably cedc's problem
[12:25] {dino} v sm, v wide ntrs l .11
06[12:27] * laserdave1 slaps Threei around a bit with a large trout
06[12:27] * Threei slaps laserdave1 around a bit with a large trout
[12:27] {Threei} this time he was faster...
[12:28] {Threei} {--- aging... getting slow
06[12:28] * magoo slaps laserdave1 around a bit with a large trout
[12:28] {Threei} CNBC'S FABER: POLICYHOLDERS AND NEW YORK GOV PATTERSON ARE PUTTING STRONG PRESSURE ON THE FED TO WORK OUT A PACKAGE FOR THE FIRM
06[12:33] * Chaeron slaps laserdave1 around a bit with a large trout
[12:36] {magoo} i think dino just sdaid hes up 20 grande today lol
[12:37] {Threei} so that's why market ceased moving
[12:37] {Threei} there is no more monay in it, dino got it all
[12:37] {dino} take a zero off
[12:37] {GeoArb} 2000 is impressive in my book
[12:37] {dino} me too geo, doesn't happen often, i'm more steady as it goes
[12:38] {GeoArb} nice
[12:38] {Threei} this headline gets the prize of the day:
[12:38] {Threei} DOW JONES HAS NO COMMENT ON THE AIG SITUATION OR ITS POTENTIAL EFFECT ON THE MAKEUP OF THE DOW JONES INDUSTRIAL AVERAGE
[12:38] {Threei} high five
[12:38] {GeoArb} not this?
[12:38] {GeoArb} (FR) FRENCH GOV SPOKESMAN: THE FRENCH BANKING SYSTEM IS DOING FINE, IN GOOD HEALTH
[12:39] {Threei} finally someone who has no comment on AIG
[12:40] {cosmo} ESLR might be healing
[12:40] {cosmo} somewhat....
[12:40] {Threei} PREVIEW: SEPT NAHB HOUSING MARKET INDEX DUE OUT AT 1PMET
[12:40] {Threei} **consensus expectation: 17e v 16 prior (readings of 16 in July and Aug matched the record low in the index)
[12:40] {Threei} dog with fleas, cosmo...
[12:42] {cosmo} bleeding fleas bites in the streets
[12:42] {Threei} was that poetry?
[12:43] {patience} vad, out of scale of 10, what do you feel is the fear factor in the markets right now? ty
[12:43] {Threei} 11
[12:43] {GeoArb} nice vix
[12:43] {Threei} any blip, this market is willing to drop another 500 points in a hurry
[12:44] {Threei} like, "no aid for AIG, swim on your own" - and watch market cratering
[12:48] {magoo} if so..gS good candidate to tank
[12:48] {Threei} all of them
[12:49] {Threei} dominoes from AIG fall will be bigger than from LEH's
[12:49] {Threei} SENATOR MENENDEZ: WOULD BACK A BRIDGE LOAN TO AIG
[12:49] {Chaeron} "Bridge to Nowhere"
[12:49] {GeoArb} are yo for it or against it?
[12:50] {Threei} and this particular senator is significant why?
[12:50] {GeoArb} probably on some subcommitte
[12:50] {Chaeron} good question, both of them... but what committes is he on?
[12:50] {Threei} well, he was good for 5 cents
[12:50] {Threei} lol
[12:51] {dino} signifcant because he's running for re-election, lol
[12:54] {Threei} AIG
[12:54] {Threei} FOUNDER GREENBERG REPORTEDLY MAY COOPERATE WITH OTHER SHAREHOLDERS TO CONSIDER TAKING THE FIRM PRIVATE
[12:55] {patience} good move
[12:56] {dino} lol, throw hank out, then ask him back at $1/share. he was selling like crazy in the 50s
[12:56] {Threei} well... round of applauses for hank
[12:56] {dino} indeed
[12:57] {dino} must be driving spitzer crazy
[12:58] {Threei} now, here is what every market participant really needs to know in order to define his strategy:
[12:58] {Threei} NY FED'S GEITHNER REMAINS IN NEW YORK IN ORDER TO MONITOR MARKETS, NOT IN WASHINGTON FOR FOMC MEETING
[12:59] {Threei} I mean... how do you buy or sell not knowing geographic location of geithner
[13:00] {Threei} *SEPT NAHB HOUSING MARKET INDEX: 18 V 17E
[13:09] {dino} v not participating
[13:11] {dino} v sm l v .55 wide
[13:13] {Threei} look at AIG volume over last two days
[13:13] {Threei} who would have thought been counter stocks would be the most exciting in the market, lol
[13:20] {Threei} about 1 hour left
[13:29] {peterg} meanwhile, back at the ranch....
[13:30] {peterg} the arachnids began their dance....
[13:31] {Threei} US TREASURY'S MCCORMICK: US ECONOMY WILL CONTINUE TO GROW, HOUSING CORRECTION IS A NECESSITY, WILL TAKE TIME FOR STABILIZATION
[13:31] {Threei} - Notes that the Treasury had no choice with regards to GSEs
[13:33] {Threei} PREVIEW: FOMC RATE DECISION DUE OUT AT AROUND 2:15PMET
[13:33] {Threei} **consensus expectation of analysts when last surveyed was for no change, at 2.00%, but given the recent fallout in the credit market all bets are off today. Many analysts commenting this week have called for a 50 basis point cut from the Fed to shore up confidence in the financial markets. Others believe the Fed has to save its ammunition in case the very fluid market situation deteriorates even further in the coming days and weeks.
[13:33] {Threei} **The October fed fund future is currently pricing in roughly a 84% chance the Fed cuts rates 25 basis points this afternoon. With stock futures down sharply before the US open, that contract had seen the odds of a 50 basis point cut approach 30% this morning. Fed fund futures and Treasury prices moved away from their highest levels after the Fed announced it had accepted $50B in overnight repos and the equity markets experienced some stabilization on hopes of a government sponsored solution for AIG.
[13:34] {Threei} be patient guys
[13:34] {Threei} it's not easy, but heck
[13:34] {Threei} we had great moprning
[13:34] {Threei} with FOMC close,
[13:34] {Threei} and quite hectic trading affter announcement
[13:35] {Threei} no need to subject yourself to huge moves with no rhyme or reason
[13:39] {dino} v stopped -.50 v sm
[13:43] {fernp} out AMR +.10 (little scalp)
[13:43] {dino} fdx drop
[13:47] {Threei} WEAKNESS IN CEG AND SRE WEAKNESS ATTRIBUTED TO CONCERNS ABOUT THEIR COMMODITY TRADING BUSINESSES
[13:47] {Threei} {SRE}
[13:47] {Threei} CEG... is it "weakness"?
[13:47] {Threei} more like destruction
[13:48] {GeoArb} rumor ceg has bad ties with leh
[13:49] {Threei} at this point... is there such thing as good ties with LEH?
[13:49] {GeoArb} correction
[13:49] {GeoArb} is being punished for good ties with leh
[13:49] {Threei} lol
[13:50] {dino} ouch ceg
[13:50] {Threei} mama mia
[13:50] {Threei} last time we've seen such dump was BSC
[13:52] {Threei} CEG
[13:52] {Threei} HEARING JP MORGAN MAKING CAUTIOUS COMMENTS
[13:52] {Threei} cautious?
[13:52] {Threei} rofl
[13:52] {Threei} a bit late for caution
[13:54] {dino} yeah, tomorrow they will lower to hold from buy
[13:54] {Threei} and will trail their traget, just like trailing stop
[13:54] {Threei} OK... halt, or buy around 10? :)
[13:55] {dino} dk
[13:55] {Threei} oh boy
[13:56] {dino} maybe easier to short sre
[13:56] {Threei} just made 500 on SRE in 3 seconds
[13:56] {Threei} short
[13:56] {Threei} hmmm
[13:56] {dino} lol see just above
[13:56] {Threei} headline says CEG halted
[13:56] {Threei} still trading on my screen
[13:56] {dino} trading on my screen
[13:57] {Threei} CEG
[13:57] {Threei} HALTED AT NYSE ON ORDER IMBALANCE
[13:57] {Threei} shrug
[13:57] {peterg} so...should I stop trading ceg
[13:57] {GeoArb} load up !!!!!
[13:57] {GeoArb} long
[13:57] {GeoArb} (kidding)
[13:58] {Threei} correction
[13:58] {Threei} 11 second SRE trade
[14:00] {Threei} SRE
[14:00] {Threei} SPOKESPERSON POINTED TO WEAKNESS IN CEG STOCK AS PARTIAL REASON FOR SELLOFF, NOTED SOME KIND OF PRESS RELEASE IS LIKELY IN THE NEAR FUTURE
[14:00] {Threei} some kind?
[14:00] {Threei} lol
[14:02] {Threei} aside of sadness about huge wealth destruction,
[14:02] {Threei} I view these days as the greatest show I've ever seen in the market. Priftable trades is icing on a cake
[14:02] {GeoArb} how is this dectruction?
[14:02] {GeoArb} why not call it equity transfer
[14:03] {Threei} well... from whom to whom
[14:03] {GeoArb} ummmmmm "the foreign hand"
[14:03] {dino} risky v sm sre l .80
[14:03] {Threei} all these huge selloffs impact pension funds
[14:04] {Threei} and people are involved in those involuntarily
[14:04] {Threei} they never mnade a decision to invest in these companies
[14:04] {GeoArb} true
[14:04] {Threei} yet they are being dirctly infl;uenced
[14:04] {GeoArb} i wouldnt know as i dont know what pensions are
[14:04] {Threei} neither do I
[14:04] {GeoArb} do they still ecist in US in private companies?
[14:04] {Threei} but mechanics are there nonetheless
[14:05] {GeoArb} the only one i know is lockheed martin
[14:05] {Threei} ask GM
[14:05] {GeoArb} i just have an all cash 401K
[14:05] {Threei} lol, "halted" CEG has bounced about 10 points
[14:05] {Threei} they can't even halt stock properly
[14:06] {GeoArb} yeah wierd
[14:06] {Threei} let alone handle its trading
[14:07] {Threei} less than 10 min till FOMC
06[14:07] * Threei slaps laserdave1 around a bit with a large trout
[14:07] {Threei} low was 13... I missed bottom by just 3 points
[14:08] {Threei} pretty lose in terms of CEG trading {GGG}
[14:08] {dino} out hit stop 48.80, +2.00
[14:08] {GeoArb} nyse qoute halted do to order imbalance, but stock was never halted
[14:08] {dino} sre
[14:08] {GeoArb} i enquired
[14:08] {dino} thsat was
[14:08] {GeoArb} CEG
[14:08] {Threei} wtg dino
[14:09] {Threei} so, NYSE halts its traaidng, while ECXNs trade it
[14:09] {dino} ty lucky
[14:09] {dino} i was waiting ceg 13.27
[14:09] {Threei} on top of everything else we have market fragmentation
[14:09] {dino} no fill
[14:10] {Threei} whereevr I glance, I see sea of incompetence...
[14:10] {GeoArb} GS tight range
[14:10] {GeoArb} waiting........
[14:10] {Threei} 5 minutes
[14:11] {Threei} wow... raraely do you see GS being that narrow
[14:11] {dino} usually 25 cents
[14:12] {laserdave1} ya that tight is nuts
[14:12] {laserdave1} especially with earnings
[14:12] {laserdave1} thats crazy
[14:12] {laserdave1} 2 and a half minutes
[14:12] {magoo} [13:35] {Threei} no need to subject yourself to huge moves with no rhyme or reason
[14:12] {magoo} [13:39] {dino} v stopped -.50 v sm
[14:12] {magoo} [13:43] {fernp} out
[14:13] {laserdave1} gs big move up there
[14:13] {magoo} god dammit..so i took a nap and missed those ceg, sre trades
[14:13] {laserdave1} ge big bounce
[14:14] {dino} v rinsed
[14:14] {magoo} no change
[14:14] {GeoArb} donw donw down
[14:14] {Threei} (US) FOMC LEAVES RATES ON HOLD AT 2.00%
[14:14] {laserdave1} no change in rates
[14:14] {laserdave1} were dead
[14:14] {dino} no change
[14:14] {laserdave1} market death
[14:14] {laserdave1} watch out longs
[14:14] {Threei} good for them
[14:15] {Threei} first time in a long while I say judos to fed
[14:15] {Threei} kudos too
[14:15] {GeoArb} and karate
[14:15] {GeoArb} damn was slow
[14:15] {laserdave1} be carefull
[14:15] {laserdave1} this is nuts
[14:15] {dino} careful for what you wish
[14:15] {laserdave1} i cant believe they cut 0
[14:15] {GeoArb} balls for a change?
[14:15] {GeoArb} or recklessness
[14:16] {Threei} I don't see it as recklessness
[14:16] {Threei} cut would be reckless, IMO
[14:16] {Threei} too low rates for too long was what got us into this mess
[14:16] {magoo} i think they are clueless
[14:16] {Threei} well, at leaststarted it
[14:16] {magoo} needed 50 basis cut
[14:16] {Threei} cut would re-killed USAD, re0fuelled oil
[14:17] {Threei} this drop will correct itself quickly IMO
[14:17] {laserdave1} watch out maybe the bail out AIG?
[14:17] {dino} dollar doesn't matter
[14:17] {dino} weaker dollar cheaper to pay off our debts
[14:17] {Threei} oh, it does in terms of oil price
[14:17] {dino} not a believer
[14:18] {dino} demand drives oil
[14:18] {GeoArb} i get paid peanuts so it doesnt matter anyway :)
[14:18] {Threei} hmmm
[14:18] {Threei} I don't see how demand could change in such proportions over last two months :)
[14:18] {dino} world is slowing down oil is dropping
[14:18] {Threei} from 150 to 90 on demand?
[14:18] {GeoArb} thats the election miracle
[14:18] {Threei} doesn't compute
[14:19] {dino} see above. every copuntry is slowing, slowing demand predicted
[14:19] {Threei} USD is workld's reserve currency, and oil is priced in USD
[14:19] {dino} its only a small part. but enough debate
[14:19] {Threei} ah great... say the last word and end debate {G}
[14:20] {dino} lol
[14:20] {Threei} anyway... back to business as usual which means:
[14:20] {dino} problem is deflation....commodities, houses, financials, etc
[14:20] {Threei} market is hinged on AIG developments again
[14:20] {dino} think japan in the 90s
[14:21] {GeoArb} down
[14:25] {magoo} ASIG NEWS
[14:25] {magoo} AIG
[14:25] {Threei} cnbc?
[14:25] {magoo} yes
[14:25] {Threei} what did they say?
[14:25] {magoo} right now
[14:25] {GeoArb} NEW YORK GOV PATTERSON: AN AIG FAILURE WOULD BE A NATIONAL CALAMITY
[14:26] {magoo} nah..allcrap
[14:27] {dino} same old
[14:27] {Threei} moving nonetheless
[14:27] {dino} ceg drops again
[14:30] {dino} waiting v sm aound 15
[14:32] {dino} too low
[14:34] {dino} fdx sm l .80
[14:38] {Threei} PIMCO'S EL ERIAN: FED AVOIDING CUT IN RATES DUE TO CONCERNS OVER INFLATION, DECISION DEMONSTRATES THAT IT IS FOCUSED ON LIQUIDITY MEASURES
[14:38] {Threei} *(US) FOMC LEAVES RATES ON HOLD AT 2.00%; VOTE UNANIMOUS, NOTES FINANCIAL MARKET STRAINS HAVE INCREASED SIGNIFICANTLY
[14:38] {Threei} - will act as needed to promote stability, inflation to moderate this year and next
[14:38] {Threei} - Discount rate unchanged at 2.25%
[14:38] {Threei} - Growth has slowed recently due to slowing household spending
[14:38] {Threei} - Upside risks to inflation are a concern, substantial easing of policy and liquidity measures should promote moderate growth
[14:38] {Threei} - Turmoil likely to weigh on growth for next few quarters
[14:38] {dino} out fdx .20 +.40
[14:38] {laserdave1} AIG fire
[14:38] {Threei} ED HAS RECONSIDERED STANCE ON AIG ASSISTANCE, IN LINE WITH GASPARINO REPORT - UNCONFIRMED REPORT
[14:38] {Threei} huh?
[14:39] {Threei} that's quite confusing
[14:39] {dino} ed?
[14:39] {Threei} Fed
[14:39] {Threei} see market spike?
[14:40] {Threei} it was all about AIG
[14:40] {dino} ok
[14:40] {dino} thx
[14:40] {laserdave1} almost 200 point jump on DOW
[14:40] {laserdave1} insanity
[14:41] {dino} yeah, here i lay out on fdx. hits and goes a buck, sheesh
[14:42] {peterg} meanwhile, back at the ant farm....
[14:43] {peterg} meanwhile
[14:43] {dino} i have never traded a day like today. odd
[14:43] {dino} i suppose we go -50 dji again
[14:43] {Threei} I don't think it has any precendents in my experience either dino
[14:44] {magoo} my quotes real "clunkie"
[14:44] {dino} i guess we'll call it "peculiar".
[14:44] {peterg} meanwhile
[14:44] {Threei} quotes look fine... need anything?
[14:44] {dino} lol pete
[14:44] {dino} magoo, you look chunky
[14:45] {peterg} hello
[14:45] {laserdave1} aig not commenting
[14:46] {peterg} guess not disconnected
06[14:46] * Threei slaps laserdave1 around a bit with a large trout
[14:46] {magoo} server vad?
06[14:46] * magoo slaps laserdave1 around a bit with a large trout
[14:46] {Threei} 4
[14:46] {magoo} thats the one
[14:46] {Threei} dave, do you ever look at your dcc?
[14:46] {dino} i don't know if a beer will cut it today magoo
[14:46] {Threei} switch back and forth?
[14:47] {magoo} vad, u dont think i doing that? theres only like 200 servers
[14:47] {Threei} you think I think?
[14:48] {peterg} "Trade what you see, not what you think"
[14:48] {Threei} lol
[14:48] {dino} well patience, theres out 300 pt dji range again
[14:48] {magoo} that does it
06[14:48] * magoo slaps peterg around a bit with a large trout
[14:48] {peterg} Of course you don't officially
[14:48] {peterg} ahh, thanks mags
[14:48] {dino} out=our
[14:48] {Threei} I got so conditioned to that peter... I stopped seeing any need in thinking whatsoever
[14:49] {Threei} not chosing between beer and vodka is real brain twister
[14:49] {Threei} not = now
06[14:50] * peterg slaps Raven around a bit with a large trout
06[14:50] * peterg slaps magoo around a bit with a large trout
[14:50] {peterg} wild aim, soryry
06[14:50] * Raven slaps peterg around a bit with a large trout
[14:51] {Raven} nice
[14:51] {dino} lol, but vad, i agree on the "see vs think" makes all the difference
[14:52] {Threei} I know... when I try to start thinking, you are first to put me back in line
[14:52] {Threei} oh, and head hurts
[14:52] {Threei} AIG new round of frenzy
[14:52] {Threei} new news?
[14:53] {peterg} I was testing the theory that one could slap all at once but only got Raven
[14:53] {Raven} lol
[14:53] {Threei} lol
[14:53] {Raven} Cramer plugged AIG
[14:53] {Threei} ummmm
[14:53] {Threei} kiss of death?
[14:54] {Raven} he said they should receive some funding ... did not really rec the stock
[14:54] {dino} so tomorrow all of today again w/ms reporting
[14:55] {Raven} uhhh ... come again?
[14:55] {dino} morgan stanley tomorrow
[14:56] {Threei} come on Raven
[14:56] {Threei} I know we rub off of you
[14:56] {Raven} special dino code
[14:56] {Threei} but this is simple... jjust some dino-speak
[14:56] {Threei} MS reporting... tomorrow will repeat today all over again
[14:56] {Raven} I'll have to take a course in it someday
[14:56] {Threei} sheesh AIG
[14:57] {dino} not worth it
[14:57] {Threei} RBC COMMENTS ON CRISIS, SPECULATES THAT AN AIG FAILURE COULD RESULT IN LOSSES OF $180B FOR FINANCIAL FIRMS (TIMING UNCERTAIN)
[14:57] {Threei} FED DECLINES COMMENT ON RECENT REPORTS OF A POSSIBLE LOAN PACKAGE FOR AIG
[14:58] {Threei} awww
[14:58] {Threei} why did I not short on this last headline
[14:59] {peterg} little aig +.41
[14:59] {dino} gj
[14:59] {Threei} wtg peter
[14:59] {peterg} tks
[15:05] {magoo} are we in anything?
[15:05] {Threei} yes
[15:05] {Threei} I am in fight with laserdave
[15:05] {Threei} trout vs salmon
[15:07] {dino} i'm in confused state
[15:07] {Threei} and Raven is in deep amazement how he managed to get himself involved with such a bunch as us
[15:08] {dino} the efficiency of the markets is amazing
[15:10] {magoo} very efficient today
[15:10] {Threei} I also tried to engage peter in argument who would win a fight, Batman or Spiderman... but he considered the matter (and me) unintellectual
[15:11] {peterg} aquaman!
[15:11] {peterg} rules
[15:12] {peterg} it is true I am engaged in deep thought preparing a class for friday
[15:12] {Threei} (US) SENATOR DODD: BELIEVES IT IS A GOOD IDEA TO CONSIDER ANOTHER STIMULUS PACKAGE
[15:12] {Threei} yeah?
[15:12] {Threei} not enough money is given away still?
[15:12] {peterg} how about a good comedy series?
[15:12] {peterg} for stimulus
[15:12] {Threei} LEHHALTED: NEWS PENDING
[15:12] {dino} good idea for his campaign
[15:12] {Threei} lol
[15:12] {Threei} what was there to halt
[15:13] {cosmo} the amero package maybe?
[15:13] {Threei} AIG
[15:13] {Threei} NY AG REPORTEDLY SUPPORTS THE FED'S INVOLVEMENT IN PRIVATE SECTOR COLLABORATION FOR THE COMPANY
[15:14] {Threei} meaninglessness (if that's a word) of some of these headlines exceeds thinkable
[15:14] {Threei} and unthinkable
[15:14] {dino} cedc sm l .45
[15:14] {dino} risky stop lod
[15:16] {dino} v strange
[15:18] {cosmo} mkt healing
[15:18] {Threei} this rally feels much healthier than all previous bounce attempts
[15:18] {cosmo} eslr too
[15:19] {Threei} and I am gklad it occurs in absence of rate cut
[15:19] {Threei} glad too
[15:19] {Threei} shows that it happens on market's own initiative so to speak
[15:19] {dino} out cedc .90, +.45
[15:19] {Threei} not just a short-lived stimulus
[15:19] {cosmo} fed guessed right...
[15:20] {Threei} I am sure they never considered cut,
[15:20] {Threei} it's talking heads yesterday
[15:20] {peterg} out cedc +..46 tks dino
[15:20] {Threei} who all of sudden created this speculation
[15:20] {Threei} and convinced themselves and all around that it's in cards
[15:20] {dino} np peter gj
[15:20] {Threei} good job on CEDC folsk
[15:21] {Threei} peter is having field day, again
[15:21] {peterg} best ever; gg to sit on hands now thks
[15:21] {Threei} must feel good, to turn the corner
[15:21] {magoo} THAT DOES IT
06[15:21] * magoo slaps peterg around a bit with a large trout
[15:21] {peterg} uhoh youll ginks it
[15:21] {peterg} magoo you da man
[15:22] {dino} wtg peter
06[15:22] * peterg slaps magoo around a bit with a large trout
[15:22] {magoo} thats not allowed there mister
[15:22] {Threei} lol
[15:23] {Threei} magoo is knoqwn as He Who Slaps But Can't be Slapped
[15:23] {peterg} as befits a personage of his exaltation
[15:25] {dino} howard simons at realmoney wants to meet the daytrader that made money today......uhhhhh
[15:25] {Threei} huh?
[15:26] {magoo} i'm too busy to meet with him lol
[15:26] {Threei} invite him to read our today's log when it's posted after hours
[15:26] {dino} 2:57 eastern time
[15:26] {dino} bet this whole room did
[15:26] {Threei} boy... does any of those people actually trade?
[15:26] {peterg} I always meets the public.....for a fee!
[15:27] {Threei} US TREASURY SPOKESPERSON REMARKS THAT PAULSON IS UPDATING LAWMAKERS ON MARKET DEVELOPMENTS, HAS NOT INDICATED ANY ACTION - TV INTERVIEW
[15:27] {Threei} if he is willing to take a bet,
[15:27] {Threei} my terms are:
[15:28] {Threei} he garantees paying me 10x what I made today,
[15:28] {Threei} I send him blotter
[15:28] {Threei} verified by broker
[15:28] {Threei} or third party
[15:28] {Threei} or whatever
[15:28] {Threei} they confirm my profit for the day, he sends me 10 times as much
[15:28] {magoo} god dammit..filled only 2 shares aapl short @ 141.06
[15:28] {Threei} and posts it on real money
[15:29] {magoo} buck forty
[15:29] {Threei} lol
[15:29] {Threei} I get great advetrtisement, increase my profti for the day tenfold, guy gets to admit he is wrong
[15:29] {Threei} win win all around
[15:30] {dino} lol
[15:30] {dino} i lost alot of respect for him
[15:30] {Threei} I've no idea who he is, maybe he is a good trader, just not his kind of market
[15:30] {Threei} but hell,
[15:30] {dino} buy and hold
[15:31] {Threei} doesn't being a good trader also means understanding that others migfht make money where you don't?
[15:31] {Threei} ahhh... well, buy and hold is not trading at all
[15:31] {Threei} why pretend he knows anything about daytrading then
[15:32] {dino} i'm sure the rev shark will smack him
[15:32] {peterg} +.09 aig
[15:32] {peterg} cant stop
[15:32] {peterg} macdonalds ad; im lovin it
[15:32] {dino} peter, step away from the keyboard, :)
[15:32] {peterg} thks dino
[15:32] {Threei} peter, is wife nearby?
[15:33] {peterg} no at her job
[15:33] {Threei} too bad
[15:33] {Threei} if you can't sit on your hands, she would have to do it
[15:33] {Threei} don't do it... exercise self-control
[15:34] {peterg} ok ok tks
[15:34] {Threei} that's what will get you through learning curve first,
[15:34] {Chaeron} just type bad lokes here instead like I do
[15:34] {Threei} through any drawdown later
[15:34] {peterg} aig lks gd
[15:34] {Chaeron} jokes that is
[15:43] {Threei} what, no more AIG news before close?
[15:44] {dino} yeah, the xmas party is cax'd
[15:46] {Threei} SEN DODD REPORTEDLY SKEPTICAL OVER POSSIBLE INTERVENTION IN AIG
[15:50] {Threei} mesmerizing AIG
[15:51] {peterg} dont tempt me
[15:51] {Threei} nah... just like watching blinking lights
[15:51] {peterg} true
[15:52] {peterg} gets stuck; lays bid 4/03 ask 3.82
[15:52] {peterg} says
[15:52] {peterg} now better
[15:52] {peterg} 4
[15:53] {Threei} PRESIDENT BUSH WILL NOT MAKE ANY REMARKS AFTER MEETING WITH PAULSON AND THE FINANCIAL MARKETS WORKING GROUP TODAY
[15:54] {peterg} ah thank theyre doin a heckuva job, just a heckuva job
[15:54] {Threei} hehe
[15:55] {dino} he'd just mess it up anyway
[15:55] {Threei} - White House notes its best to "limit public comments" on markets.
[15:56] {cosmo} the public's?
[15:56] {Threei} come on... what'as the fun in it
[15:56] {Threei} endless barrage of aid-no iad is much more entertaining
[15:58] {Threei} what now?
[15:58] {dino} relax time
[15:58] {peterg} more fun tomorrow
[15:58] {Threei} NY GOV PATTERSON: FED IS TRYING TO GET PRIVATE INVESTMENT INTO AIG
[15:59] {peterg} ok; everybody here ten bux
[15:59] {Threei} {PRIVATE INVESTMENT{ get away from me
[15:59] {Threei} okay guys, thank you all
[15:59] {Threei} great day
[15:59] {Threei} have a good evening, see you all tomorrow
[15:59] {peterg} thanks all lots of fun
[15:59] {Threei} wait
[15:59] {Threei} MS
[15:59] {Threei} TO PRE-ANNOUNCE TONIGHT AT THE CLOSE - CNBC
[16:00] {dino} pre-announce, what and then announce real tomorrow?
[16:00] {Threei} NY GOV PATTERSON: FED IS TRYING TO GET PRIVATE INVESTMENT INTO AIG, OPTIMISTIC ABOUT PROSPECTS FOR A DEAL, NOTES FED "WILL NOT CARRY THE BALL" IN ANY AIG RESCUE
[16:03] {fernp} good evening everybody. see u tomorrow
[16:03] {Threei} take care fern
[16:03] {dino} later fernp
[16:09] {Threei} OK, don't want to wait for MS
[16:10] {Threei} enough excitement for the day
[16:10] {Threei} oh here it is
[16:10] {Threei} REPORTS Q3 $1.32 V $0.77
[16:10] {Threei} R$8.0B V $6.28BE
[16:10] {Threei} - Liquidity $B at end of Q3, $B q/q

Sep 15 2008

Session Time: Mon Sep 15 00:00:00 2008

[08:10] {esemde} morning.....if anyone is there
[08:11] {Threei} Good morning
[08:11] {brian3579} gm
[08:11] {Threei} had to wake up early to witness the end of the world
[08:12] {Threei} brian :)
[08:12] {esemde} last i saw yesterday...market was down huge DOW dn300+
[08:12] {Threei} just imagine, grandkids asking "how did the end of the world look" and me saying "oh, I slept through it"
[08:13] {esemde} no kidding
[08:14] {esemde} S&P -51, NAZ -53 DOW- 348
[08:15] {Threei} the only bright spot is oil, -4.97
[08:15] {esemde} too funny
[08:16] {Threei} AIG is getting some buying...
[08:16] {Threei} GS TO ASSUME SPECIALIST OPERATIONS FROM LEH ON THE NYSE
[08:18] {Threei} eventful weekend...
[08:18] {Threei} news wire was scorching hot
[08:19] {Threei} every few minutes new turn of LEH/AIG/MER/BAC etc
[08:23] {Threei} I see DJI - 439
[08:24] {Threei} strange... MER is dropping while BAC is not moving
[08:24] {Threei} deal is getting threatened or what
[08:26] {Threei} I don't see any reports... MER is trading like deal maybe falling through
[08:27] {Threei} with BAC at 29 and deal at .86, MER should be closer to 24
[08:27] {Onix} good morning all
[08:27] {Threei} was at 23.5, which was about right, then started selling off sharply
[08:27] {Threei} Onix :)
[08:28] {Threei} 'cause if the deal is off, I want to short the hell out of MER while it's above 20
[08:28] {Threei} and can't see what would keep it from falling to 15 at least
[08:30] {esemde} don't they just crang up MER shares liike that o get a better deal for when they dump them today VAD?
[08:30] {Threei} *SEPT EMPIRE MANUFACTURING: -7.4 V 1.0E
[08:31] {Threei} not sure I understand ese
[08:31] {magoo} morn
[08:31] {Threei} hey mags
[08:32] {esemde} MER shares are up about 4 dollars they should be tanking shouldn't they
[08:32] {Threei} MER got bought out by BAC
[08:32] {esemde} they've gone bankrupt
[08:32] {Threei} all stock deal, .86 of BAC shares
[08:32] {magoo} ya ya..i see
[08:33] {magoo} wow.remember our discussion friday that poeple were buying LEH, AIG for weekend deal?
[08:34] {esemde} had to leave didn't catch discussion
[08:34] {Threei} wasn't very astute, was it
[08:35] {magoo} vad, whats the deal?as in..laser says open at 7 a.m..can we trade at 7 a.,...seems everything starts at 8 am
[08:35] {Threei} we can
[08:35] {Threei} charts start at 8
[08:35] {Threei} bids/offers and your ability to place an order - from 7
[08:36] {magoo} oh..just no charts?
[08:36] {Threei} yup
[08:36] {magoo} but executions 7 a.m?
[08:36] {Threei} yes
[08:36] {magoo} or just bids/offers
[08:36] {Threei} [08:35] {Threei} bids/offers and your ability to place an order - from 7
[08:36] {Threei} wake up, will ya :)
[08:40] {Threei} the Boards of Directors of major banks and brokers have paid themselves from shareholder capital roughly $100 billion in year-end management performance bonuses over four years, including $38 billion this past year.
[08:42] {Threei} MORGAN STANLEY COMMENTS THAT A JPM BUYOUT OF WAMU WOULD MAKE SENSE
[08:43] {Threei} that sounds to me like an agreement between Moldova and Argentina about cooperation between Mongolia and Ecuador
[08:44] {Threei} ba back in 5
[08:50] {Threei} SEC: COMMITTED TO REDUCING THE DISLOCATIONS CAUSED BY LEHMAN'S BANKRUPTCY
[08:53] {Threei} oil under 95
[08:54] {magoo} vad..can u put up that C analysis again
[08:54] {pita} morning all, what a weekend, eh?
[08:54] {Threei} no kidding pita
[08:55] {Threei} C analysis?
[08:55] {magoo} yes
[08:55] {Threei} ?
[08:59] {fernp} Good morning everybody
[09:00] {Threei} fern :)
[09:04] {Threei} Raven... does it look like black monday to you?
[09:06] {Raven} like 1987 you mean ?
[09:06] {Threei} yeah
[09:07] {Raven} seems altogether different to me
[09:07] {Threei} do share
[09:07] {Raven} each crash is different
[09:08] {Raven} interest rates way lower .... derivatives outmof control
[09:08] {Raven} real estate an issue'
[09:08] {Raven} liquidity gone in many areas
[09:08] {Threei} meaning, this time it has potential to go much lower?
[09:08] {Raven} SEC seems to have disappeared
[09:09] {Raven} world market now ... huge sums of money sloshing around
[09:09] {Raven} economy much bigger
[09:09] {Raven} and a lot of this has been doscounted
[09:10] {Raven} I think you'll have crashes in individual issues
[09:10] {Raven} not necessarily in overall market
[09:11] {Raven} in 2 years all will be forgotten and we'll have some new bubble to pop
[09:11] {Threei} lol
[09:11] {Raven} ain't Capitalism wunnerful ?
[09:11] {Threei} maybe we get rid of Fed and bubbles stop...
06[09:11] * Threei wakes up
[09:11] {peterg} no, I still have my beanie babies collection
[09:11] {Threei} lol
[09:12] {peterg} it is my retirement fund
[09:12] {Threei} amazed me that engineer of current crisis had the nerve to appear with his comments yesterday
[09:13] {Raven} he has no shame
[09:13] {Threei} obviously
[09:13] {peterg} which one?
[09:13] {Raven} blahblahblahblah
[09:13] {Threei} Greenspan, peter
[09:13] {Raven} Greenspeak
[09:13] {peterg} ah so
[09:13] {Threei} this is not capitalism, Raven... this is socialism for selected
[09:13] {Raven} there are whifs of that for sure ...
[09:14] {dino} gm all, end of days for some it seems
[09:14] {Raven} {------------ checking ... still OK here
[09:15] {Threei} yes dino
[09:15] {Threei} WHITE HOUSE CALLS ON IRAN TO SUSPEND URANIUM ENRICHMENT OR FACE NEW SANCTIONS
[09:15] {Threei} - Reminder: Earlier today the IAEA stated that it saw no substantive progress on Iran allegations and added that Iran refuses cooperation on atomic weapon allegation
[09:15] {Threei} *AUG INDUSTRIAL PRODUCTION: -1.1% V -0.3%E; CAPACITY UTILIZATION: 78.7% V 79.6%E
[09:15] {Threei} - Prior Industrial Production revised from 0.2% to 0.1%
[09:15] {Threei} - Prior Capacity Utilization revised from 79.9% to 79.7%
[09:16] {Threei} CME GROUP NOTES THAT LEH IS OPERATING AS NORMAL AND MEETING ITS OBLIGATIONS TO CME CLEARING
[09:19] {GeoArb} gm....
[09:19] {Threei} Geo :)
[09:19] {GeoArb} so who is betting the farm on LEH long? :)
[09:20] {dino} i may be overthinking this, but w/only 2 big investment banks left, eventually they should get bigger pieces of all deals
[09:20] {Threei} GS and JPM you mean?
[09:20] {GeoArb} MS
[09:21] {Threei} there were specualtions already earlier on JPM and WM
[09:22] {dino} ms gs
[09:24] {Threei} BAC
[09:24] {Threei} S&P LOWER CREDIT RATING
[09:26] {Threei} emotions will run high at the open
[09:26] {Threei} intend to sit it out
[09:26] {Threei} especially on financial names
[09:26] {Threei} out of control volatility can kill you or make you great profit - all out of your control
[09:27] {Threei} PIMCO'S GROSS: DOES NOT BELIEVE THE FED WILL CUT RATES TOMORROW
[09:27] {Threei} let's see how common sense by watching BAC open action
[09:27] {Threei} commons sense says down
[09:28] {GeoArb} some new alerts
[09:28] {GeoArb} http://marketmovers.blogspot.com/
[09:28] {GeoArb} 1. Alert: Running Up/Down Now
[09:28] {GeoArb} 2. Alert: 2/5/15 Green/Red Bar Reversal
[09:28] {GeoArb} 3. Alert: 2/5/15 Wide Range Bar
[09:28] {GeoArb} 4. Filter: Fundamental based
[09:28] {GeoArb} 5. Filter: Min/Max Position of Open(c)
[09:28] {GeoArb} 6. Filter: Min/Max Up Previous Day
[09:31] {Threei} QTWW
[09:31] {Threei} ANNOUNCE SOLAR EXPANSION INTO KOREA - SIGNS JV AGREEMENT WITH Q&TECH/YONGSAN TO BUILD A 30 MW SOLAR PRODUCTION FACILITY WITH ASOLA
[09:31] {Threei} The initial capacity is 30 MW (megawatts of peak power) solar modules consisting or mono- and poly-crystalline silicon solar modules, with a potential to generate revenues in excess of $100 Million annually.
[09:33] {judijim} good morning all
[09:33] {Threei} jj :)
[09:34] {esemde} J
[09:34] {esemde} J
[09:35] {peterg} last sale on aig seems stuck at .06
[09:35] {peterg} while price rockets up and down
[09:35] {patience} tsx down -409
[09:35] {esemde} wow
[09:35] {GeoArb} TSX?
[09:35] {GeoArb} toronto?
[09:36] {patience} y
[09:36] {Threei} AIG trades 6.70 - 6.80 peter
[09:36] {peterg} right tks
[09:36] {GeoArb} for the canadians
[09:36] {GeoArb} http://www.ft.com/cms/s/0/23b53878-762b-11dd-99ce-0000779fd18c.html?nclick_check=1
[09:38] {Threei} on top of everything else, it looks like streetwide quote/charting problems
[09:38] {GeoArb} yeah
[09:39] {GeoArb} esignal not refreshing bac or aig
[09:39] {GeoArb} got it now
[09:39] {GeoArb} too much volume through pipes
[09:39] {Threei} yeah
[09:39] {GeoArb} my broker has a message
[09:40] {GeoArb} "investigating NYSE TS latency"
[09:40] {Threei} Short Setup: C half lot .65
[09:40] {Threei} if stays under .80
[09:41] {dino} leh at .30 aig 6
[09:41] {fernp} C and AIG no available here
[09:41] {GeoArb} yup same here
[09:41] {GeoArb} also there was a news last night
[09:42] {Threei} both are with laser
[09:42] {GeoArb} SE is adding tougher sorting rules
[09:42] {GeoArb} SEC
[09:42] {GeoArb} nice
[09:42] {Threei} C invalidated anyway
[09:42] {Threei} and AIG is probably bounce time
[09:43] {Threei} now LEH, that is NOT available, lol
[09:44] {Threei} market spike for some reason
[09:44] {Threei} NQ is down just 33 points
[09:44] {Threei} nothing in terms of recent volatility
[09:45] {Threei} all trades are half lot for now
[09:45] {Threei} so I don't type it each time
[09:45] {esemde} market feels a bit saturated to the down side i think
[09:45] {GeoArb} seems like capital protection day today
[09:46] {GeoArb} might even loose money due to excessive volume disconnects
[09:46] {dino} so far just another normal dji 300 pt range
[09:46] {Threei} Long Setup: KLAC over .20
[09:46] {Threei} stop under 33
[09:47] {patience} would not surprise me to lose 11 on the dow today dino
[09:47] {GeoArb} wow esignal not refreshing KLAC.... dunno why i pay
[09:48] {patience} i keep getting disconnects on my broker geo, just the volume today
[09:48] {Threei} what a bounce AIG
[09:48] {GeoArb} thanks patience
[09:48] {esemde} ZION
[09:48] {Threei} laser looks OK
[09:48] {GeoArb} laser and their platinum nasdaq cert
[09:48] {GeoArb} mutter mutter
[09:49] {esemde} looking for 37.60 area pullback
[09:50] {esemde} rats...could not grab it....
[09:51] {esemde} hmmm it's gotten away from me
[09:51] {Threei} no wrky KLAC
[09:51] {fernp} stopped
[09:54] {GeoArb} wfc
[09:54] {GeoArb} skf
[09:54] {GeoArb} sorry
[09:56] {dino} relax guys
[09:56] {Threei} Long Setup: UAUA .81
[09:56] {Threei} stop under .60
[10:02] {Threei} stop to under .70
[10:03] {Onix} in UAUA just with 100 shares @ 11.81
[10:03] {dino} v sm l gs 144.90
[10:03] {Threei} stop to .75
[10:03] {Threei} and feel free to take scalp anywhere above .90
[10:04] {Threei} wb
[10:06] {GeoArb} off to drop kids to school wife out of town.... TY for UAUA vad
[10:07] {Threei} almost 1:1
[10:07] {Threei} welcome
[10:07] {Threei} for all practical purposes, it is 1:1
[10:07] {Onix} ty Vad for UAUA
[10:07] {Threei} :)
[10:07] {Threei} and over
[10:07] {Threei} out
[10:07] {GeoArb} darnnnnn
[10:07] {GeoArb} bye
[10:07] {Threei} OK... between KLAC and UAUA, we are even
[10:07] {fernp} TY Vad
[10:08] {Threei} which is more than any investor can say this morning
[10:08] {Threei} fern :)
[10:08] {Threei} going to be careful like this for a while
[10:09] {Threei} all these bounced financials look like they wait for some other show to drop
[10:09] {Threei} quite reluctant buying
[10:09] {peterg} I'm exhausted after surfing aig
[10:09] {patience} waiting for margin calls to kick in
[10:09] {peterg} and klac and uaua thks
[10:09] {Threei} you traded it peter?
[10:09] {peterg} to good effect
[10:09] {Threei} AIG I mean
[10:09] {peterg} yep
[10:09] {Threei} gutsy
[10:09] {peterg} get the rythm. go with the flow
[10:10] {Threei} :)
[10:10] {peterg} bail frequently
[10:10] {peterg} tks
[10:10] {Threei} I am unclear on margin calls issue
[10:10] {Threei} it used to be that portfolios dropping under marhging requirements had 3 days to settle
[10:11] {Threei} (and have you ever seen margin spelled like that?)
[10:11] {peterg} like butter, only marhgerine
[10:11] {Threei} nowadays it seems like they have to liquidate same day or what?
[10:11] {Threei} lol, true
[10:11] {patience} normally brokerages give you some warning you are over margined and have to bring your account up, wouldn't surprise me to see them just sell stock without notice
[10:12] {Threei} yeah, rules are pretty uch out of the windows in times like this
[10:12] {patience} i am waiting to buy gold options here....
[10:12] {Threei} wow UAUA
[10:12] {Threei} 1:2... who would have thought
[10:13] {Threei} Long Setup: RIMM near 100
[10:14] {Threei} in .80
[10:14] {Threei} stop under .50
[10:17] {Threei} out .15
[10:17] {Threei} +.35
[10:18] {dino} gs stopped
[10:19] {Threei} Short Setup: C .89
[10:19] {Threei} stop over 17
[10:19] {magoo} in sh c
[10:25] {magoo} covered .65 TY vad
[10:25] {Threei} out
[10:25] {Threei} .58
[10:25] {Onix} covered @ .66 ty Vad
[10:25] {Threei} welcome guys
[10:26] {magoo} easy button vad
[10:26] {Threei} yup
[10:26] {dino} ttwo sm l .00, stop lod
[10:26] {Threei} nice and easy
[10:26] {Threei} aside from one 6 or 7 bounce in the beginning, just slid down wioth no attempt to resist
[10:27] {Threei} BAC CEO: US ECONOMY MAY BEGIN ITS RECOVERY IN 2H09 - CONF CALL
[10:27] {Threei} he sounds as though he permits economy to begin recovery
[10:28] {Threei} now, don't get cocky after couple wins and start jumping on them all
[10:29] {Threei} it's being picky and careful that worked, let's stay this way
[10:29] {Threei} the biggest problem with this market is:
[10:29] {Threei} it's extremely sensitive to news headlines, and there is no luck of those
[10:30] {Threei} you get in, new news item or rumor surfaces, stock moves in a matter of seconds
[10:35] {Threei} tough one:
[10:35] {Threei} long AIG .91 here with stop under .70
[10:35] {Threei} no need to say, half lot
[10:38] {dino} ttwo to .40
[10:41] {dino} out ttwo +.40
[10:42] {Threei} invalidated
[10:42] {Threei} maybe a bounce candidate off .50
[10:42] {Threei} or under
[10:43] {Threei} nice one dino
[10:46] {dino} ty
[10:47] {Threei} Short Setup: BAC .30 if stays under .50
[10:49] {Onix} in BAC @ .30
[10:50] {Threei} stopped
[10:50] {Onix} stopped ..51
[10:52] {dino} wow, tried to short skf, cyber said none avail.
[10:52] {dino} 1st time that has happened
[10:52] {Threei} still available here
[10:54] {Threei} WB HEARING UPGRADED TO MARKET PERFORM RATING AT MORGAN KEEGAN (TIMING UNCERTAIN)
[10:54] {Threei} anyone ventured AIG long off .50?
[10:54] {dino} ttwo l .38, stop .08
[10:54] {Onix} sorry, no
[10:54] {Threei} wasn't easy by any means
[10:55] {Threei} AIG CREDIT SUISSE CUTS PRICE TARGET TO $6 FROM $22 (TIMING UNCERTAIN)
[10:55] {Threei} OK... who thinks we close green?
[10:56] {Onix} crazy but looks probale
[10:56] {dino} out ttwo .50, +.12
[10:56] {Onix} possible
[10:56] {Threei} I mean... look at numbers
[10:56] {Threei} COMP is down 19
[10:56] {Threei} nothing in terms of NASDAQ movement
[10:57] {Threei} DJI is down 181
[10:57] {Threei} after being down 440
[10:57] {dino} stranger things have happened
[10:57] {Threei} my point exactly
[10:57] {patience} defies logic, but market manipulation is alive and well
[10:58] {dino} wynn green
[10:58] {magoo} might have been better if we just tanked 800 points vad
[10:58] {magoo} rinse all weak hands
[10:58] {magoo} get real bottomn
[10:59] {dino} ahh, c'mon patience, the markets are "like, totally efficeint"
[10:59] {dino} just ask any banker friend
[10:59] {patience} laughing, you just have laugh and go with the flow
[11:00] {dino} indeed, :)
[11:00] {dino} cme wants green
[11:03] {Threei} look at SOLF
[11:03] {Threei} is it a new leader for solars or what
[11:04] {dino} the most pain would be to take them back down
[11:04] {dino} heh .18
[11:04] {Threei} here we go
[11:04] {Threei} AIG
[11:04] {Threei} NY GOVERNER EXPECTED TO MAKE A STATEMENT IN 1 HOUR
[11:09] {Threei} so far, we are 3 for 5
[11:09] {magoo} but are we up?
[11:10] {Threei} yes
[11:10] {Threei} if you skipped RIMM trade, about even
[11:10] {magoo} we are?or u are?
[11:10] {Threei} I am talking about calls magoo
[11:10] {Threei} you?
[11:11] {magoo} i am up..i took trimm, rode it to .44 area
[11:11] {Threei} wtg
[11:11] {dino} nasty
[11:11] {magoo} just trying to get a slap here
[11:11] {Threei} nope
[11:11] {Threei} you like it too much
[11:12] {Threei} AIG lost support
[11:12] {Threei} with that speech soon, I am not confident in any read on it
[11:13] {Threei} on second thought, why am I depriving you of pleasure...
06[11:13] * Threei slaps magoo around a bit with a large trout
[11:14] {magoo} and mine:)
[11:15] {Threei} if you feel adnventorous
[11:15] {Threei} .39 short AIG with stop above .50
[11:16] {dino} whats' your prediction mr. t? pain
[11:16] {Threei} lol
[11:23] {dino} aacc l .35, stop lod
[11:24] {Threei} WSJ REPORTS THAT SEVERAL JAPANESE BANKS ARE AMONG LEHMAN'S TOP LENDERS
[11:24] {Threei} and their market is closed for holidays
[11:24] {Threei} feel free to cover AIG who took it
[11:25] {Threei} it looks on a verge of imploding
[11:25] {Threei} but not taking chance with that speech ahead
[11:28] {Threei} IAEA: IRAN INTENDS TO CONTINUE ENRICHING URANIUM
[11:28] {dino} like there was a doubt
[11:29] {dino} ge wierd
[11:29] {Threei} BAC CEO: WM IS NOT A VIABLE ACQUISITION TARGET FOR BOA DUE TO REGIONAL SIMILIARITIES - CNBC COMMENTS
[11:29] {Threei} {BAC}
[11:30] {Chaeron} I think I said something last week about LEH and penny stock in the same sentence... Good morning all
[11:30] {Threei} Chaeron :)
[11:30] {Threei} AIG collapse
[11:31] {dino} gm oracle chaeron
[11:31] {Threei} AIG trades like recurring nightmare
[11:34] {Threei} Short Setup: WB 12 break
[11:34] {Threei} stop above 12.15
[11:36] {Threei} 1:1, half out
[11:37] {Threei} stop to 12.06
[11:39] {Threei} maybe just a shake but no point in checking it with your account
[11:41] {Threei} AIG looks like aiming for 5
[11:43] {Threei} WB was a shakeout
[11:43] {Threei} oh well
[11:44] {Threei} why did we ever cover C?
[11:45] {Threei} 5 AIG
[11:45] {Threei} and under
[11:45] {Threei} LEH all over again
[11:45] {dino} he most pain would be to take them back down
[11:46] {dino} [11:04] {dino} the most pain would be to take them back down
[11:46] {Chaeron} Thanks for WB Threei... used the shake as entry and got short at .98 and covered at .48 +$0.50
[11:46] {magoo} u dog nice
[11:46] {Threei} wow
[11:46] {Threei} good one
[11:46] {Threei} wtg
[11:46] {Chaeron} thanks guys... next?
[11:47] {Threei} if you were told a year ago that this Septmeber there wouldn't be anymore Bear Stearns, Lehman Brothers, Merril Lynch... would you ever believe it?
[11:48] {Chaeron} woulda laffed
[11:48] {patience} that's when i believed in a free market economy
[11:49] {Threei} AIG
[11:49] {Threei} NEW YORK INSURANCE CHIEF DINALLO NOTES HE WILL LEAD EFFORTS TO HELP BOND INSURERS
[11:50] {dino} rally
[11:50] {magoo} there won't be AIG in next few minutes
[11:50] {Threei} {AIG} ah thank you, but meanwhile let drop a bit more
[11:52] {Threei} WB cascading
[11:52] {dino} micc sm l .10, leap sm l .15
[11:53] {Threei} what's ABK doing holding up there?
[11:54] {Threei} everyone just forgot about it or it really has some reason for relative strenght
[11:54] {Threei} 'cause if not... as soon as traders remember of one finnie unsold yet...
[11:55] {Threei} well, .88 short with stop above 7 looks low risk enough
[11:56] {dino} syut ouch
[11:56] {Threei} unless anyone has an idea how ABK is different from any other financial
[11:56] {magoo} i didnt even know it was a financial
[11:57] {Threei} lol
[11:58] {Threei} oops
[11:58] {Threei} not in short list
[11:58] {Threei} sh*t
[11:58] {Threei} look at AIG
[11:58] {Threei} why did we ever cover?
[11:59] {magoo} wb could see 7 today
[12:00] {Threei} on what?
[12:00] {magoo} if IF mkt starts rolling over hard
[12:00] {magoo} we are down 300 again
[12:00] {Threei} I mean 7 on what stock?
[12:00] {magoo} panic
[12:00] {magoo} WB
[12:03] {magoo} mkt spikearolla
[12:03] {Threei} market pop
[12:03] {Threei} LEH
[12:03] {Threei} WSJ SAYS BARCLAYS IS STILL INTERESTED IN BROKER-DEALER UNIT
[12:04] {dino} sm ge l .75
[12:05] {dino} v sm gs l .00, wide
[12:07] {Threei} MER breakdown
[12:07] {Threei} zi don't get it
[12:07] {Threei} BAC isn't dropping
[12:08] {Threei} maybe a word leaking somewhere that BAC shareholders are not likely to approve deal
[12:08] {magoo} LEH is .21 cents
[12:09] {Threei} if so, MER is LEH
[12:09] {Threei} actually with that LEH price, BAC could demand two for one deal
[12:09] {Threei} I'll take MER if you throw LEH in for free
[12:11] {dino} still no skf cyber
[12:12] {Threei} NEW YORK GOV PATTERSON: AIG IS STILL FINANCIALLY SOUND, DEEPLY CONCERNED ABOUT FINANCIAL TURMOIL
[12:12] {Threei} {XLF}
[12:14] {Threei} NEW YORK GOV PATTERSON: AUTHORIZING ACCESS TO $20B IN STATE FUNDS FOR AIG,
[12:19] {Threei} impressive bounce
[12:21] {Threei} REPORTEDLY WARREN BUFFETT'S BERKSHIRE HATHAWAY IS HOLDING TALKS TO BUY AIG
[12:21] {patience} very handy to be able to trot out warren buffett rumour every time a firm is failing
[12:21] {Threei} well... how do you trade this barrage of news? :)
[12:21] {patience} very carefully
[12:21] {patience} :)
[12:21] {patience} i am a smart ass today
[12:22] {Threei} I coluld think of worse thing to be... dumb ass for instance :)
06[12:22] * magoo slaps patience around a bit with a large trout
[12:22] {patience} ty magoo :)
[12:22] {dino} out leap .57, +.42
[12:22] {Chaeron} nice dino
[12:22] {Threei} cool one
[12:23] {dino} out ge .25, +.50
[12:23] {Chaeron} now you're just showing off
[12:23] {Threei} no kidding... like that violinist with his left hand
[12:23] {magoo} im having quote issues..anyone else with laser?
[12:23] {dino} out gs .20, +1.20
[12:24] {Threei} looks OK here mags
[12:24] {Threei} what stock?
[12:24] {dino} ty guys
[12:24] {magoo} server please?
[12:24] {Threei} 4
[12:24] {magoo} ty
[12:28] {Threei} looking at WB 1 min,
[12:28] {Threei} if it stabilizes here, claws its way back to 11.50 slowly, and breaks, should be long
[12:30] {Threei} or just grab it here with stop under .10
[12:30] {Threei} very hard to tell
[12:30] {Threei} gotta play them by feel of their rythm rather than by technical signals
[12:31] {Threei} if you took it, look to sell half on approach to .50
[12:31] {Threei} and hold second half for jump after break
[12:32] {Threei} or take scalp and be happy
[12:33] {Threei} AIG new round of happiness
[12:44] {Threei} REPORTEDLY THE US HOUSE WILL BE VOTING ON AN ADDITIONAL ECONOMIC STIMULUS PACKAGE
[12:44] {Threei} hmmm
[12:46] {Threei} US TREASURY DECLINES COMMENT ON AIG
[12:48] {Threei} AIG
[12:48] {Threei} FED HAS HIRED MORGAN STANLEY TO NEGOTIATE A BRIDGE LOAN, BUFFETT NO LONGER IN TALKS WITH COMPANY - CNBC'S FABER
[12:49] {Threei} Short Setup: CIT .34 if stays under .50
[12:53] {dino} thinking bac is picking up alot of liabilities, countywide and now mer
[12:56] {Threei} GS
[12:56] {Threei} HEARING SHARES CUT TO NEUTRAL FROM ACCUMULATE AT BUCKINGHAM
[12:58] {dino} bit late
[12:59] {GeoArb} did i miss anything?
[13:00] {Threei} wow
[13:00] {Threei} lol
[13:00] {Threei} two ends of the world
[13:00] {Threei} three salvations
[13:00] {GeoArb} well i was stuck in la traffic hehehe
[13:00] {Threei} ah
[13:04] {Threei} so AIG
[13:04] {Threei} to be salvaged from ruins, or famous last gasp
[13:08] {GeoArb} cit invalid?
[13:08] {Threei} yeah
[13:11] {dino} leap sm l .90
[13:11] {dino} brb
[13:12] {Threei} BAC looks ill
[13:14] {Threei} .74 short if stays below .90
[13:15] {Threei} starts looking like in preparation for serious cratering
[13:20] {magoo} in..u?
[13:21] {Threei} why wouldn't I?
[13:22] {magoo} sheesh..why so sensitiver
[13:22] {Threei} sensitivity is my middle name
[13:23] {Threei} what props AIG again
[13:23] {peterg} the shadow knows...but isn't telling
06[13:23] * magoo slaps laserdave1 around a bit with a large trout
[13:23] {dino} phly
[13:24] {dino} leap stopped -.32
06[13:24] * Threei slaps laserdave1 around a bit with a large trout
06[13:24] * Chaeron slaps laserdave1 around a bit with a large trout
[13:25] {laserdave1} Laserdave1 slaps Aif around a bit with a large trout
[13:25] {laserdave1} AIG that is
[13:25] {laserdave1} something wrong with that thing
[13:25] {Threei} something?
[13:25] {Threei} try everyting
[13:26] {dino} leap rinse
[13:26] {Threei} 1:1 is easy BAC... but feels like a lot more in cards... unless news comes
[13:27] {Threei} SEC'S COX: THE ECONOMY IS "STRONGER" AFTER THE EVENTS OF THIS WEEKEND
[13:27] {laserdave1} haha ya real strong economy
[13:27] {laserdave1} lol
[13:27] {laserdave1} never been better
[13:27] {Threei} covered half BAC .32
[13:27] {laserdave1} how could that guy say that with a straight face
[13:28] {Threei} +.42
[13:28] {laserdave1} nice 1
[13:28] {Threei} trying to cover second half around 27
[13:28] {Threei} stop to .51
[13:28] {magoo} mkt may be losing it here
[13:28] {Chaeron} +0.43 here :P ( in .71, covered .28 )
[13:29] {Chaeron} many thanks Threei
[13:29] {Threei} welcome sir
[13:30] {magoo} out here .32 TY cranky
06[13:30] * Threei slaps magoo around a bit with a large trout
[13:30] {Threei} welcome
[13:30] {magoo} .76 out .32
[13:31] {magoo} lil help?how much i make?
[13:31] {Chaeron} + .42
[13:31] {Threei} 44 cents per share
[13:31] {Chaeron} oops }43
[13:31] {magoo} ty
[13:31] {Chaeron} damn
[13:31] {Threei} lol chaeron
[13:31] {Chaeron} heheheh
[13:32] {Threei} look GS
[13:32] {magoo} wow..fell out of chair
[13:33] {Threei} next one to go under $1?? :)
[13:34] {magoo} i wish
[13:35] {magoo} 13:29] {magoo} mkt may be losing it here
[13:38] {magoo} hang on
[13:38] {magoo} fasten seat belt
[13:39] {patience} tin hat time magoo?
[13:39] {GeoArb} dave dcc pls
[13:41] {patience} tough to get a laugh in the room today, oh well
[13:41] {magoo} sorry hooked a big fish here
[13:41] {GeoArb} with a tin hat????
06[13:42] * GeoArb slaps laserdave1 around a bit with a large trout
[13:42] {Threei} BAC looks to lose 27 soon
[13:42] {magoo} wait fcor bounce entry?
[13:43] {Threei} .20 closest resistance
[13:43] {Threei} hard to tell if it's capable of any bounce
[13:43] {magoo} gotta post this
[13:43] {magoo} in sh 100 sh bidu 282.31..out 278.19
[13:43] {Threei} market bouncing, helping it
[13:43] {Threei} nice mags!
[13:43] {magoo} thats my fish
[13:43] {GeoArb} sheeeesh
[13:43] {Threei} wtg
[13:43] {magoo} less than few minutes
[13:44] {GeoArb} dave?
[13:44] {Threei} TREASURY SEC PAULSON: MARKETS ARE WORKING THROUGH A DIFFICULT PERIOD
[13:44] {Threei} you don't say
[13:44] {GeoArb} no kidding
[13:44] {magoo} insightful
[13:45] {Threei} in BAC short, stop .41
[13:48] {Threei} die already
[13:49] {Threei} TREASURY SEC PAULSON: MARKETS ARE WORKING THROUGH A DIFFICULT PERIOD, AMERICANS CAN BE CONFIDENT IN THE SOUNDNESS AND RESILENCE OF FINANCIAL MARKETS
[13:49] {Threei} - says he'd like to see more of financial institutions coming together to support the market, as seen this weekend
[13:49] {Threei} - says does not take lightly using taxpayer money, but do not necessarily "read it as no more" use of taxpayer money for future bailouts.
[13:49] {Threei} - our banking industry is a safe and sound one.
[13:49] {Threei} yeah?
[13:51] {Threei} out of all safe and sound industries I've ever seen, this one strikes me as THE safest
[13:52] {Threei} GS is about to lose 135
[13:52] {dino} s breaking
[13:53] {Threei} I mean 134
[13:55] {Threei} housing will start bottoming in months rather than in years
[13:56] {Threei} (paulson)
[13:56] {Threei} I mean 133
[13:56] {magoo} wish we shorted that lol
[13:56] {Threei} I mean 132
[13:57] {Threei} you got the drift, number them yourself, lol
[13:57] {magoo} 139
[13:58] {GeoArb} hmmm so for those who dont use laser.... were you able to short bac?
[14:00] {dino} leap l sm .57
[14:01] {Threei} FED IS REPORTEDLY SEEKING A CHANGE IN ACCOUNTING PROCEDURE FOR GOODWILL
[14:01] {Threei} what'sa that about?
[14:02] {dino} they are going to have to suspend mark to market imo
[14:03] {dino} alot of this junk will be worth somethiong over time
[14:05] {Threei} NYC MAYOR BLOOMBERG: AIG WILL SURVIVE
06[14:18] * Threei slaps laserdave1 around a bit with a large trout
06[14:20] * Chaeron slaps laserdave1 around a bit with a large trout
06[14:20] * magoo slaps laserdave1 around a bit with a large trout
[14:20] {GeoArb} thanks
06[14:20] * GeoArb slaps laserdave1 around a bit with a large trout
[14:20] {GeoArb} dcc dave?
[14:20] {Threei} AIG off two bucks from the top
[14:21] {Threei} swings on these stocks are amazing
[14:21] {magoo} bac worth another try?
[14:22] {Threei} hard to tell
[14:22] {Threei} no rhytm to it right now
[14:32] {dino} v sm l cme .60
[14:35] {magoo} vad..what u stalkin?
[14:39] {Threei} just looking
[14:43] {dino} going for -400
[14:47] {Threei} if we end up like this, more selling will be in cards over next days
[14:47] {Threei} this doesn't look like real washout
[14:48] {magoo} to orderly
[14:48] {Threei} yup
[14:48] {Chaeron} so we'll have more great days ahead this week? :))
[14:48] {Threei} and no real relief surge
[14:48] {Threei} lol, chaeron is loving it
[14:48] {Chaeron} hell yeah... I hate the giants... always have... you know that
[14:48] {Threei} when real capitulation comes, next thing is this absolutely crazy reckless buying
[14:49] {Threei} there is nothing of that kind today
[14:49] {magoo} hey..u hate my team ny giants?
[14:49] {Chaeron} like magoo and AAPL/RIMM?
[14:49] {Threei} buying is restrained, labored, tortureds
[14:50] {magoo} i like when vad gets reading RIMM with me
[14:50] {Threei} I looked over my RIMM calls/trades once
[14:50] {Threei} was like 2/3
[14:52] {magoo} remember a time when all we did was RIMM for awhile
[14:53] {magoo} thats when i giot into it to speak
[14:53] {Threei} lol, nothing else moved in those days
[14:53] {Threei} and to compensate it, RIMM and AAPL suddenly became so obeying
[14:53] {Threei} readable like open book
[14:53] {magoo} yes
[14:53] {magoo} comic book
[14:53] {Threei} not always that tame, unfortunately
[14:54] {dino} eqix sm l .80
[14:54] {Threei} but heck... nothing stays the same
[14:54] {magoo} hell..these financials make rimm look docile
[14:54] {Threei} we used to play solar sector day after day, almost exlusively
[14:54] {magoo} we did {he he}
[14:54] {Threei} then they lost their luster
[14:55] {Threei} lustre?
[14:55] {Threei} then UAUA came... and finnies
[14:55] {Threei} finnies to be fair were rarely easy
[14:56] {Threei} too many news items changing things on the fly
[14:56] {magoo} last hour here gonna be interesting
[14:56] {magoo} tank or buy
[14:56] {magoo} i dunno
[14:56] {Threei} tank, imo
[14:56] {magoo} and i know everything
[14:57] {magoo} i should call my wife
[14:57] {magoo} she thinks she knows everything he he
[14:57] {magoo} that was mean..someone slap me
[14:58] {Threei} that's your punishment
[14:58] {Threei} no one slaps you
[14:59] {magoo} boy..in old days would get slapped so many times would get disconnected from room
[15:00] {laserdave1} geo dcc when u see this please
[15:01] {magoo} sh bac here .51
[15:01] {magoo} small 300
[15:01] {Threei} well... if I am right and market drops,
[15:01] {laserdave1} geo dcc when u see this
[15:01] {Threei} WB loss of 11 should lauinch new downthrust
[15:01] {Threei} BAC good entry
[15:02] {Threei} stop just about 10 cents
[15:02] {dino} eqix stopped -.33
[15:02] {magoo} looking for loss 27
[15:03] {Threei} By adding Merrill's 16,000+ financial advisers to its own staff, the deal would make BAC the largest brokerage in the world with more than 20,000 advisers and $2.5T in client assets under management. It would also be the number one underwriter of global high-yield debt, the third largest underwriter of global equity and the ninth largest adviser on global mergers and acquisitions. It also gets Merrill's 50% stake in Blackrock, which has $1. 4T in assets under management. BAC CEO Lewis said the Merrill deal will be mildly dilutive to EPS in 2009 and that BAC will hit breakeven on the deal in 2010. Before the open this morning, S&P lower its credit rating on BAC to AA- from AA, putting the bank on watch negative. Moody's put the bank's ratings on review for a possible downgrade.
[15:04] {magoo} sh 100 sh bidu .51
[15:04] {Chaeron} so they get 50 cents?
[15:04] {magoo} 276.51
[15:05] {dino} #1 underwriter of high yield debt.....drexel
[15:06] {dino} memories
[15:06] {magoo} 200 dollar stop loss on bidu is plan
[15:07] {magoo} looking for it to lose 270
[15:07] {magoo} will require mkt tank off vad call
[15:07] {dino} theres the -400
[15:08] {Threei} tried GS first time in a long long while... shorted 133.40
[15:08] {magoo} i wish ud dcc me those
[15:08] {Threei} covered half for +1
[15:08] {magoo} its my style
[15:08] {Threei} gotta try a few times myslef first
[15:08] {Threei} to make sure I have more or less reliable read
[15:10] {Threei} out
[15:10] {Threei} +2.10
[15:10] {magoo} out bidu 273.236 common sense took over
[15:10] {magoo} + .3.5 points i think
[15:10] {Threei} it's fun
[15:10] {Threei} lol
[15:11] {magoo} same type trade u did
[15:11] {dino} l ge .75
[15:11] {magoo} [15:04] {magoo} sh 100 sh bidu .51
[15:11] {magoo} [15:05] {magoo} 276.51
[15:12] {magoo} still sh BAC
[15:13] {magoo} [15:01] {magoo} sh bac here .51
[15:13] {magoo} 15:02] {magoo} looking for loss 27
[15:14] {magoo} waiting .91
[15:15] {Threei} C nears 15
[15:15] {Threei} maarket dumps, C is dead in the water
[15:16] {magoo} out .95
[15:16] {magoo} too close
[15:16] {Threei} argh GS
[15:16] {Threei} why did I bother covering
[15:16] {magoo} u like ny BAC}?
[15:16] {Threei} this thing is on the same death spiral as all of them
[15:16] {Threei} BAC's nice
[15:17] {Threei} lost 27
[15:17] {magoo} yeah i covered 26.95
[15:17] {Threei} Bear Sterns low for C is 14
[15:18] {Threei} what is it still doing that high?
[15:19] {Threei} MER
[15:19] {Threei} SHAREHOLDER LAWSUIT FILED IN NY SAYS BUYOUT TERMS ARE "GROSSLY INADEQUATE"
[15:19] {magoo} i dunno..but BAC wont be able to buy anyone
[15:19] {laserdave1} Geo dcc
[15:20] {Threei} MER shareholders are crazy
[15:21] {magoo} vads room traders are crazier
[15:21] {Threei} it wouyld be well its merry to meet LEH if not for BAC
[15:21] {dino} it's not the shareholders it's the lawyers
[15:21] {Threei} yeah, I guess
[15:22] {Threei} "hey, may be there is some skin in it, whaat do we lose"
[15:23] {magoo} i still cant believe u guys didnt slap the hex out of me earlier
[15:23] {dino} shareholdrs don't even know yet...most are mutual funds
[15:25] {Threei} C dump
[15:25] {dino} 10964 coming
[15:30] {Threei} FDIC'S BAIR: MORE THAN 98% OF THE US BANKING INDUSTRY IS WELL CAPITALIZED
[15:31] {Threei} and that's exactly why one prominent bank after another goes belly up
[15:31] {Threei} maybe they meant "more than 98% of the US bankers"?
[15:32] {Threei} WSJ: US GOVT IS REPORTEDLY ASKING GS AND JPM TO LEAD $70-75B LENDING FACILITY FOR AIG
[15:32] {Threei} {JPM GS}
[15:32] {peterg} AIG for sudden +.21
[15:33] {peterg} help me before I get killed
[15:33] {Threei} sit on your hands peter
[15:33] {Threei} haviong a good day I see?
[15:33] {peterg} good plan; yes tks
[15:33] {Threei} don't spoil it
[15:33] {peterg} wife shares sentiments
[15:34] {Threei} one bad ttrade in this environment can wipe out whole day
[15:34] {Threei} and just one sudden headline separates good trade from turning bad
[15:34] {Threei} you buy AIG{ next thing you know they say GS and JPM deny
[15:35] {Threei} AIG drops 50 cents faster than you can say mama
[15:35] {peterg} uncle
[15:36] {Threei} it's a great feeling to finish the day a winner, especially on a day when the world is bleding
[15:36] {Threei} preserve it
[15:37] {Threei} this kind of days show you why you became a day trader
[15:37] {Threei} umm... speaking of AIG dropping 50 cents
[15:37] {peterg} vad, you so philosophical
[15:37] {Threei} see this?
[15:37] {peterg} o yeah
[15:37] {Threei} me? philosophical?
[15:38] {Threei} oh well... Ive been called worse
[15:38] {peterg} heating up aig
[15:40] {peterg} cant read it at moment; going to sit on hands and do some day job
[15:43] {dino} out ge .05 +.30
[15:46] {dino} out leap -.19
[15:50] {Threei} look at ESLR daily
[15:50] {Threei} what a slughter
[15:50] {Threei} slaughter too
[15:51] {Threei} AIG drop of that same kind I decsibed above
[15:53] {dino} broke july lows dji
[15:53] {Threei} selloff is not over
[15:53] {Threei} more downside in coming daysd
[15:54] {Threei} with all our capital preservation mode today, we did fairly well
[15:54] {Threei} nice day with a few quite sizeabvkle gains
[15:54] {Threei} and a few smaller ones
[15:54] {Threei} and a few small losses
[15:54] {GeoArb} I am so pissed I couldnt short BAC
[15:54] {GeoArb} guess who i have been dccing
[15:55] {Threei} ESLR
[15:55] {Threei} COMMENTS ON LEHMAN BROTHER'S TRANSACTIONS
[15:55] {Threei} huh?
[15:55] {Threei} what does ESLR have to do with LEH?
[15:55] {Threei} whoe Geo?
[15:55] {GeoArb} dave
[15:55] {Threei} ?
[15:56] {Threei} I didn't know you were with Laser
[15:56] {GeoArb} am trying now
[15:56] {Threei} ah, here it is:
[15:56] {Threei} COMMENTS ON LEHMAN BROTHER'S TRANSACTIONS
[15:56] {Threei} - Lehman Brothers Inc.was the lead underwriter for the sale of the $373.75M in Senior Notes. Net proceeds to the Company from the offering, including the cost of a capped call transaction, were approximately $325.8M, all of which the Company received at the closing. None of these funds are on deposit with Lehman or any of its subsidiaries.
[15:56] {GeoArb} wasnt before
[15:59] {Threei} ok guys, thank you all,
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {peterg} thks all c u tomorrow
[16:02] {magoo} ty vad

Sep 12 2008

[08:31] {magoo} morning
[08:32] {Threei} good morning
[08:32] {brian3579} morning
[08:32] {Threei} brian :)
[08:33] {Threei} feeling at this point is,
[08:33] {Threei} in order tomake money today you need to guess corectly who is today's LEH: AIG or MER
[08:33] {Threei} or both
[08:35] {Threei} 09/12/08 07:43am
[08:35] {Threei} [AIG] American International Group, Inc Credit Default Swaps up 38bps to 728bps - dealers
[08:35] {Threei} - New all tim high
[08:35] {Threei} that's higher than LEH was at if I remember correct
[08:37] {esemde} good morning...it's friday and i'm back
[08:37] {Threei} hi ese :)
[08:37] {esemde} hey vad
[08:38] {esemde} nvda keeps getting pummeled......
[08:43] {magoo} agrre vad..as a stockholder..how many u got to see crushed before u sau im out aig or mer?
[08:44] {magoo} u think LEH see low 2 area today vad?
[08:45] {Threei} hard to tell, it's friday, and all these takeovers, takeunders and bailouts are happening over weekend
[08:45] {Threei} which shape this one will take, who knows
[08:45] {magoo} also....news CMG ?
[08:46] {Threei} 08:30am [CMG] Comments on Q3 Trends, cuts guidance; Guides comparable restaurant sales in the low single digits; sees Q3 EPS slightly below Q3 y/y
[08:48] {magoo} man..its down 11
[08:49] {Threei} LEH did a swan dive to 3 yesterday after hours
[08:51] {magoo} u got a read AIG here???
[08:51] {Threei} bounces are safer bet for shorting
[08:51] {magoo} wheres resistance??
[08:51] {magoo} .48
[08:52] {Threei} as long as premarket counts, yeah
[08:52] {magoo} what about oil long today ..its beaten down and BIG hurricanes hitting refineries
[08:53] {Threei} those hurricanes is nothing but lame excuse for shot-lived spikes, IMO
[08:53] {Threei} short-lived
[08:53] {peterg} morning
[08:53] {Threei} oil is destined to lose 100
[08:53] {Threei} peter :)
[08:56] {Onix} good morning
[08:57] {Threei} onix :)
[08:58] {peterg} Has the Hadron collider created the black hole yet?
[08:58] {magoo} i saw that..too funny
[08:58] {Threei} they say maybe but it takes a few weeks for it to swallow the planet
[08:59] {magoo} if works can destroy reality
[08:59] {peterg} lookinf forward to it
[08:59] {Threei} they have nothing on Fed
[08:59] {peterg} lol
[08:59] {Threei} those guys can destory reality much more effectively
[09:00] {Threei} and their black holes deeper and blacker
[09:00] {Threei} and holer
[09:00] {Onix} roflol!
[09:01] {Onix} you guys are too nuch for this time in the morning!
[09:01] {Threei} sorry... we will try to restrain ourselves
[09:01] {dino} gm all, end of days again i see. up 200 then down 200. no rest for the weary
[09:01] {Onix} no, please go right ahead
[09:02] {Threei} yes dino
[09:02] {Threei} end of the world becomes a regular line in daily schedule
[09:02] {magoo} laser says not on sh list vad LEH
[09:02] {dino} now, if you like i can leave early again to give you a 150 pt run, what was that about
[09:02] {magoo} just went for it
[09:02] {pita} greetings all
[09:03] {fernp} Good morning all
[09:03] {Threei} 1. morning coffee... 2. newspaper... 3. phone local driver license office for renewal... 4. observe end of the world... 5. Phone same office and cancel renewal if end of the world goes ahead
[09:03] {Threei} pita, fern :)
[09:04] {Threei} yeah... run out of LEH
[09:04] {Threei} AIG and MER are good
[09:04] {magoo} ok
[09:04] {dino} don't you mean black swan. as for the swallowing of the universe, then no worries
[09:05] {magoo} sh mer .05
[09:05] {peterg} when the last ding-dong of doom has clanged and faded in the last red and tideless evening......
[09:05] {GeoArb} gm
[09:05] {peterg} hey
[09:05] {Threei} CNBC'S LIESMAN REPORTS TREASURY SOURCES TELL HIM THAT NO GOVT MONEY WILL BE INVOLVED IN LEHMAN DEAL
[09:05] {Threei} - source says market has had time to prepare for the current scenario{BAC}
[09:05] {Threei} Geo :)
[09:06] {magoo} sh aig .10
[09:06] {Threei} come on AIG
[09:06] {Threei} you have nop business to be trading above 15
[09:07] {Threei} there
[09:07] {Threei} good boy
[09:07] {Threei} MER dive
[09:07] {Threei} partial on MER mags
[09:08] {magoo} out
[09:09] {Threei} look to partial into quick down bar on AIG
[09:09] {magoo} out aig too
[09:09] {Threei} [08:33] {Threei} in order tomake money today you need to guess corectly who is today's LEH: AIG or MER
[09:09] {Threei} [08:33] {Threei} or both
[09:09] {Threei} magoo went with "both" :)
[09:10] {magoo} a multi tasker i may be
[09:10] {Threei} ah admit it, choices make you head spion, so you just take it all
[09:11] {magoo} true dat
[09:11] {Threei} you = your... spion = spin
[09:11] {Threei} sigh
[09:14] {dptl} good morning all
[09:14] {Threei} dp :)
[09:17] {peterg} I wonder if Geo visited at the fun-loving interior dept in DC...
[09:18] {GeoArb} nope.... stuffy FDA
[09:18] {peterg} yah
[09:18] {GeoArb} drill baby drill
[09:20] {Threei} you in AIG geo?
[09:20] {GeoArb} nope... that was a reference to the interior dept parties
[09:20] {Threei} oh
[09:21] {dino} what are you doing w/fda
[09:21] {peterg} geo secretly attended them while leaving a mannequin at FDA
[09:22] {GeoArb} as a univ we traiing their guys in risk management and patient safety
[09:22] {peterg} geo is with cia, but it is a secret
[09:22] {GeoArb} me personally training them in technology enhanced learning and distance technologies
[09:22] {peterg} like telephone and tv
[09:22] {dino} neat
[09:22] {GeoArb} yup :)
[09:22] {GeoArb} they want to add to their training portfolio bigtime
[09:23] {GeoArb} so they signed MOU with us as we are neutral and not industry
[09:24] {cosmo} FWLT pre mkt high = 40.50 fwiw
[09:30] {dino} pdgi blood
[09:32] {cosmo} FWLT tests .50 soon
[09:32] {judijim} good morning all
[09:32] {Threei} jj :)
[09:33] {Threei} Short Setup: WB .49
[09:33] {Threei} stop .65
[09:35] {Threei} invalidated for now
[09:36] {peterg} couldn't get stock
[09:36] {GeoArb} wb?
[09:36] {GeoArb} what broker?
[09:36] {peterg} wb on laser
[09:37] {Threei} shortable on Laser
[09:37] {peterg} told me no ECN or MM available at 8:34
[09:37] {magoo} its avail
[09:37] {peterg} k
[09:39] {dino} sm l kbr .99, stop lod
[09:39] {dino} .97
[09:40] {Threei} AIG looks to be today's death spiral
[09:40] {magoo} want a bounce?
[09:40] {GeoArb} db interesting
[09:41] {Threei} let's try for half lot on bounce and adding half on breakdown mags
[09:41] {Threei} MER bouncing
[09:41] {Threei} hopefully will help AIG bounce into decent resistance
[09:42] {Threei} 14.50 closest so far
[09:42] {Threei} they tend to overshoot a bit
[09:43] {Threei} topping out too far from resistance...
[09:44] {Threei} solars strong
[09:45] {Threei} trying for half lot at .65 AIG
[09:48] {Threei} SENATOR SHELBY: THE FED SHOULD NOT RUSH IN TO RESCUE LEHMAN
[09:49] {Threei} I guess I was too careful
[09:49] {Threei} .50 was it
[09:50] {magoo} sh here .09
[09:51] {GeoArb} aig not shortable for me
[09:51] {magoo} covered .05
[09:51] {magoo} scarin me
[09:54] {Threei} BANK OF AMERICA, JC FLOWERS & CO, THE FINANCIAL INVESTOR, AND CHINA INVESTMENT CO., THE CHINESE SOVEREIGN WEALTH FUND, ARE CONSIDERING A POSSIBLE JOINT BID FOR LEHMAN BROTHERS - FT
[09:54] {dino} sm l ilmn .86
[09:55] {Threei} SEPT PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 73.1 V 64.0E
[09:56] {Threei} what kind of kool-aid they are drinking over there?
[09:56] {Threei} I want what they are smoking
[09:56] {Threei} - 1 yr median inflation expectations at 3.6% v 4.8% in Aug
[09:56] {Threei} - 5 yr median inflation expectations at 2.9% v 3.2% in Aug
[09:57] {dino} jim jones punch
[09:57] {dino} that report has been flying around since 6:30 am, fwiw
[09:57] {Threei} Short Setup: MER 17 break
[10:00] {Threei} .20 invaliading level
[10:00] {Threei} JULY BUSINESS INVENTORIES: 1.1% V 0.5%E
[10:00] {Threei} - prior revised from 0.7% to 0.8%
[10:00] {magoo} in mer .02
[10:01] {fernp} stop Vad?
[10:01] {Threei} over 17.20
[10:01] {fernp} ty
[10:02] {Threei} US FORECLOSURES ROSE TO 289K IN Q2 FROM 279K IN Q1
[10:03] {dino} micc sm l .47
[10:04] {Threei} stopped
[10:04] {GeoArb} 5darn
[10:05] {dino} tktm sm l .07
[10:05] {GeoArb} MER is a rat bastard
[10:05] {fernp} White House says keeping eye on financial industry's "challenges" - Reuters
[10:05] {dino} other eye on saturday golf
[10:06] {Threei} lol
[10:06] {fernp} lol
[10:06] {cosmo} ESLR hod = 6.10 fwiw
[10:07] {dino} trma
[10:07] {cosmo} eslr gonna test
[10:08] {cosmo} ....needs to hold 5.95
[10:11] {Threei} Short Setup: KLAC .29 half lot
[10:11] {Threei} stop above .45
[10:13] {Threei} MER
[10:13] {Threei} HEARING DEFENDED AT CITIGROUP (TIMING UNCERTAIN)
[10:14] {dino} skf v sm s .50
[10:15] {Threei} market strenghtening...
[10:15] {Threei} let's trail KLAC to .41
[10:16] {Threei} out
[10:17] {GeoArb} out
[10:17] {GeoArb} so how happy are you guys... i am back?
[10:17] {Threei} lol
[10:17] {GeoArb} sheesh vad i need a new id
[10:18] {dino} kbr stop to b/e
[10:18] {Chaeron} good morning all
[10:19] {Threei} chaeron :)
[10:20] {dino} gs positive
[10:20] {Threei} AIG, bounce scalp candidate here
[10:20] {Threei} .51 long
[10:20] {Threei} .39 stop
[10:22] {dino} geo, you make my day
[10:22] {Threei} change that top .41 and .29
[10:22] {Chaeron} hey Geo!
[10:23] {GeoArb} hey chaeron.....
[10:23] {GeoArb} :)
[10:24] {GeoArb} thanks dino.... now i just gotta work on making mine
[10:24] {Threei} invalidated too
[10:24] {GeoArb} oil spike?
[10:25] {Threei} yeah
[10:28] {Threei} LEH
[10:28] {Threei} S&P ADJUST RATING TO 'DEVELOPING' FROM NEGATIVE
[10:28] {Threei} hmm?
[10:28] {GeoArb} nice wedge on chart
[10:28] {Onix} that is a totally new one, is'nt it?
[10:29] {dino} out micc .85 +.38
[10:30] {Threei} MER spike
[10:30] {Threei} AIG worth a try
[10:30] {Threei} .04 long
[10:30] {Chaeron} that was too fast.........
[10:32] {Threei} .94 stop
[10:34] {magoo} sh mer .50 here
[10:34] {Threei} stopped
[10:34] {Threei} can't get them right
[10:34] {GeoArb} hmmmm
[10:34] {fernp} crazy friday
[10:34] {GeoArb} my new id is maxpower
[10:35] {peterg} power to the max!
[10:35] {dino} out kbr .13, +.16
[10:36] {dino} out skf .30 +.20, dumb, had 1.80, bone head award
[10:37] {dino} tltm not moving, tighten to .96
[10:38] {GeoArb} whats up with HAL?
[10:39] {dino} oil
[10:39] {dino} oil service co.
[10:39] {peterg} open the pod bay doors, hal
[10:40] {peterg} i'm sorry dave, i cant do that
[10:41] {Threei} trying againm AIG
[10:41] {Threei} MER spiked like crazy antelope
[10:42] {Threei} in .96
[10:42] {Threei} stop .89
[10:42] {dino} aapl v sm l .00
[10:43] {Threei} CITIGROUP COMMENTS ON AIG AGAIN: SAYS MARKET IS OVERLY CONCERNED ABOUT AIG LIQUIDITY; CUTS PRICE TARGET TO $22.50 (TIMING UNCERTAIN)
[10:44] {Threei} whatever
[10:44] {Threei} out 14.03
[10:44] {Threei} all 7 cents of profit
[10:45] {Threei} sure... lol
[10:45] {GeoArb} darn
[10:45] {GeoArb} vad did ya get a phone call?
[10:46] {Threei} I am not picking up phone today
[10:46] {Threei} one of those days... totally out of tune
[10:46] {Threei} jeez MER
[10:47] {dino} try a different radio station
[10:48] {Threei} MER is aiming for 19 or what
[10:50] {Onix} short sqwash!
[10:50] {Threei} US SAYS IT IS EXPELLING THE VENEZUELAN AMBASSADOR IN D.C.
[10:50] {Threei} {USO}
[10:52] {dino} tktm stopped -.09
[10:52] {GeoArb} hal JBE vad?
[10:52] {GeoArb} oops
[10:52] {Threei} chart's right
[10:53] {Threei} whether it works, I am not the one to ask today, lol
[10:53] {GeoArb} here she goes
[10:53] {fernp} Washington Mutual (WM) May Be Forced to Sell Deposits, Branches to Stay Afloat - Bloomberg
[10:54] {Threei} AIG resumes death spiral
[10:54] {Threei} finding an entry on it is tricky
[10:59] {Threei} 19 MER
[11:00] {Threei} jeez... AIG bounce
[11:00] {dino} type sm l.59
[11:13] {dino} aapl stopped .50, +1.50
[11:14] {dino} too soon
[11:15] {dino} micc sm l .40
[11:18] {Threei} oil sharp drop
[11:18] {magoo} where the mer short?
[11:20] {Threei} I wish I knew
[11:20] {dino} careful mer, was 29 5 days ago, use skf, mkt as guide imo at this point
[11:25] {dino} out ilmn .26 ave, +.40
[11:30] {GeoArb} .
[11:31] {dino} out micc .80, +.40
[11:33] {Threei} WM
[11:33] {Threei} MOODY'S NOTES IT SEES NO REASON WHY THE BANK CANNOT OPERATE GOING FORWARD GIVEN ITS NEW CREDIT RATING
[11:33] {Threei} - Note yesterday Moody's cut WM's rating to Baa3 from Baa2 with a negative outlook
[11:33] {dino} perhaps the financial world lives for another day
[11:33] {Threei} unless something collapses over weekend
[11:33] {Threei} which is very much a possibility
[11:33] {dino} tighten type to .78
[11:33] {dino} stingy today
[11:34] {Chaeron} so Monday might be canceled?
[11:34] {Threei} easy
[11:34] {dino} then we should party sunday
[11:34] {Threei} why wait two days?
[11:35] {dino} good point
[11:35] {dino} out type slipped to .715 ave, +.12
[11:40] {Threei} BAC REPORTEDLY HEADS THE LIST OF POTENTIAL ACQUIRERS OF LEH - UNCONFIRMED REPORT
[11:40] {Threei} {BAC}
[11:42] {Threei} AIG collapsing
[11:46] {Threei} FORMER FED CHAIRMAN GREENSPAN: LEHMAN SITUATION COULD BE RESOLVED WITHOUT GOVERNMENT ASSISTANCE - TV INTERVIEW
[11:47] {magoo} u in AIOG short vad?
[11:47] {Threei} will try .50 breal
[11:47] {GeoArb} off to work.... see you all later.... net negative today.... have a great weekend
[11:48] {Threei} take care Geo
[11:48] {dino} cya geo
[11:54] {Threei} MER broke down
[11:54] {Threei} maybe aggressive entry on AIG
[11:54] {magoo} sh .55 then
[11:54] {magoo} in
[11:55] {Threei} .71 stop
[11:56] {Threei} come on, lose that .50 already
[11:57] {Threei} market spike
[11:58] {Threei} finally
[11:58] {magoo} DIIIIIIIIEEEEEEEEEEEEE
[11:58] {Threei} die AIG
[11:59] {magoo} where u thinking?
[11:59] {Threei} no idea
[11:59] {Threei} I can't believe it's still not 12
[11:59] {Threei} or 11
[11:59] {Threei} or 10
[12:00] {Threei} you see how it is today
[12:00] {Threei} heh
[12:01] {Threei} don't know what to say
[12:01] {Threei} they trade in some parallel universe I think
[12:02] {magoo} does that mean somewhere there is a vad going long?
[12:02] {Threei} I suppose
[12:03] {dptl} lol
[12:03] {Threei} if I get that out of body experiewnce I'll share
[12:04] {Threei} the only thinking that could keep them floating is:
[12:05] {Threei} if LEH deal over weekend brings relief, finnies are likely to gap on Monday
[12:05] {Threei} it will be most likely as short lived as FNM/FRE gap was
[12:05] {Threei} but gup to utilize nonetheless
[12:06] {Threei} that's my theory on why people keep buying them
[12:07] {magoo} which ones {he he}
[12:08] {Threei} which ones - you mean people in which universe?
[12:08] {Threei} hard to tell... I am not even sure in which one I am
[12:08] {Threei} I feel like I am in chronoclastic infundibula
[12:09] {magoo} bombastic fatulola??
[12:09] {Threei} I am sure peter can name the book
[12:10] {Threei} look at it... breakdown after breakdown, and it bounces like it has any real support
[12:13] {Threei} you still in mags?
[12:13] {magoo} yes
[12:13] {magoo} .55
[12:13] {Threei} I honestly don't know what to tell you here
[12:14] {magoo} tell me something, and ill do oposite lol
[12:14] {Threei} my firm conviction is this thing should see 13 today at least,
[12:14] {Threei} quite likely lower
[12:14] {Threei} but it can do a serious harm inbetween
[12:14] {Threei} MER drops again
[12:14] {magoo} i think 12.70 area but it may rinse me three times first
[12:15] {Threei} that's the problem
[12:15] {Threei} shakeouts are vicious
[12:15] {magoo} i only have 3k shares so have some room {he he...not}
06[12:16] * Threei slaps magoo around a bit with a large trout
[12:16] {magoo} about time !!
[12:16] {magoo} again
[12:16] {Threei} better watch your stock
[12:18] {Threei} needs to lose .40
[12:19] {dino} l cvtx .80, stop .63
[12:19] {Threei} anyone else is holding this short?
[12:20] {Threei} REPORTEDLY EU WILL NOT IMPOSE DUTIES ON IMPORTS OF HOT DIPPED METALIC COATED STEEL FROM CHINA - UNCONFIRMED REPORT
[12:21] {Threei} just in case any of you intended to import coated steel from China to Europe
[12:21] {Threei} MER spike
[12:21] {Threei} careful mags
[12:21] {Threei} AIG didn't really follow
[12:21] {Threei} but I can't get any reliable read on it
[12:22] {Threei} by all standards it should have been dead by now
[12:25] {magoo} magoo pounding on its head
[12:25] {Threei} finally, new low
[12:26] {Threei} maybe cover half on next dive
[12:26] {Threei} under .30
[12:26] {Threei} there you go
[12:27] {Threei} magoo?
06[12:27] * Threei slaps magoo around a bit with a large trout
[12:28] {magoo} out .17 TY
[12:28] {Threei} 1/4 more now
[12:28] {Threei} and bid the rest at your 12.70
[12:29] {Threei} with stop .51
[12:31] {Threei} lol, FRE under .50
[12:31] {Threei} just like dino said
[12:31] {Threei} not sure why FNM is not there still
[12:32] {Threei} peter, you here by any chance?
[12:33] {magoo} shaapl small .15
[12:34] {Threei} USD is weak today, huge hurricane is on a path to refineries cluster, and USO is barely green
[12:34] {Threei} what does it tell you?
[12:35] {magoo} covered remainder her .86
[12:36] {magoo} aig
[12:36] {Threei} wtg
[12:36] {magoo} [12:15] {magoo} i think 12.70 area but it may rinse me three times first
[12:37] {magoo} stopped aapl sh .51
[12:37] {Threei} AIG
[12:37] {Threei} HEARING WEAKNESS BEING ATTRIBUTED TO A VAGUE RUMOR OF A 50M SHARE BEING SHOPPED
[12:38] {Threei} lol
[12:38] {Threei} what idiot writes those?
[12:38] {Threei} is there any need to look for special reason for weakness in financial names?
[12:38] {Threei} if there, I can name them: BSC, FRE, FNM, LEH, WM
[12:39] {magoo} hey...i wrote that
[12:39] {Threei} oh well
[12:39] {Threei} not a first time someone is offended by my blunt remarks
[12:40] {Threei} but unlike many others, you know what to do
[12:40] {magoo} not first time u offended me specifically lol
06[12:40] * Threei is hiding under the rock from that whistling trout
[12:40] {Threei} sorry mags... but that's a part of my daily routine
[12:40] {Threei} coffee... newspaper... turning trading software and scanner... insulting mago...
[12:42] {Threei} http://www.telegraph.co.uk/news/newstopics/politics/2825637/David-Miliband-subjected-to-F-word-tirade-from-Russian-foreign-minister-Lavrov.html
[12:45] {magoo} any setup AIG vad?
[12:45] {Threei} not here
[12:45] {Threei} this one is not for chansing
[12:45] {Threei} bounces only
[12:46] {magoo} market collaspe
[12:46] {Threei} here comes the most important thing for lawmakers to care about right now:
[12:46] {Threei} US HOUSE PANEL TO EVALUATE AN ONLINE GAMBLING BILL ON TUESDAY
[12:47] {Threei} now we are talking AIG...
[12:47] {Threei} this is behavior I understand
[12:48] {Threei} look to short into bounce
[12:48] {Threei} .80 is closest resistance
[12:49] {dino} kndl
[12:49] {Threei} first weaknsess from here
[12:49] {Threei} in, half lot
[12:49] {Threei} stop over 14
[12:50] {Threei} got .80
[12:52] {Threei} half out
[12:52] {Threei} .62
[12:52] {magoo} lower
[12:53] {Threei} bidding .45 for the balance, stop to .91
[12:53] {magoo} .455
06[12:53] * Threei slaps magoo around a bit with a large trout
[12:55] {Threei} not sure I like how it's holding
[12:55] {Threei} stop to .86
[12:56] {Threei} mer's dropping
[12:56] {Threei} come on AIG, open your eyes
[12:56] {Threei} and die
[12:57] {dino} kndl sm l .71
[12:58] {magoo} mer going thru 16 imo
[12:58] {Threei} 16?
[12:58] {Threei} it still has 17 on the way
[12:59] {magoo} thats what makes it such a great call
[12:59] {Threei} ah
[13:00] {Threei} out AIG balance
[13:00] {Threei} don't undertand it again
[13:02] {dino} ilmn sm l .50 jumpy one
[13:03] {Threei} ECB'S DRAGHI: BANKS AROUND THE WORLD MUST SEEK TO RAISE AT LEAST $350B IN ADDITIONAL CAPITAL
[13:03] {Threei} that's all?
[13:04] {Chaeron} I'll raise it for them for 10% commission and 10% stock :)
[13:05] {Threei} LEH
[13:05] {Threei} REPORTEDLY STILL SHOPPING FOR FOR POSSIBLE SUITORS OF ASSET MANAGEMENT UNIT -UNCONFIRMED REPORT
[13:05] {Threei} chaeron... better buy that LEH already, pout them out of their misery
[13:07] {Chaeron} damn... with all the news announcements it sounds like more of an advertisement to buy LEH.... every 20 minutes "LEH for sale! Give them a call...!"
[13:09] {dino} just wait until they start cold calling you
[13:09] {dino} dinner interrupted
[13:10] {dino} hello, is the head of the household home, this is leh
[13:12] {dino} altho, they would have to have the gov't suspend the do not call list first
[13:12] {dino} thats when we know its serious
[13:13] {magoo} aig smells like 11
[13:18] {pita} good fishing all, day job.....
[13:18] {Threei} take care pita
[13:18] {dino} later pita
[13:18] {magoo} bye pita
[13:19] {Threei} MER under 17
[13:19] {magoo} 13:13] {magoo} aig smells like 11
[13:22] {Threei} bounces are still quite vicious
[13:22] {Threei} gotta take it one leg at a time
[13:23] {Threei} HEARING CHATTER CIRCULATING THAT MAY BE IN DEAL DISCUSSIONS WITH JPM
[13:23] {Threei} {JPM}
[13:24] {magoo} who?
[13:25] {Threei} WM
[13:25] {Threei} sorry
[13:26] {Threei} can you believe this bounce AIG?
[13:27] {magoo} where the hex dave aka laser?
[13:29] {dino} kndl stop to .09
[13:30] {dino} out slippage bad, .01, +.30
[13:31] {dino} as seinfeld would say, better than shirkage
[13:31] {dino} shrinkage
[13:32] {Threei} USO red
06[13:33] * magoo slaps laserdave1 around a bit with a large trout
[13:33] {magoo} 13:27] {magoo} where the hex dave aka laser?
06[13:33] * Chaeron slaps laserdave1 around a bit with a large trout
[13:34] {laserdave1} what is up with Meryll Gynch today?
[13:34] {dino} at wndys'
[13:34] {dino} wow i can't type today, wendy's
[13:34] {Threei} you mean what is down?
[13:34] {laserdave1} i mean the thing is nuts
[13:34] {laserdave1} volume insane
[13:35] {laserdave1} 1800 offers being snapped up off of INET
[13:35] {Threei} AIG even more
[13:35] {laserdave1} crazy
[13:35] {laserdave1} ya that thing also
[13:35] {laserdave1} they both nuts
[13:39] {_csepulve33} hi everyone!
06[13:39] * magoo slaps _csepulve33 around a bit with a large trout
[13:39] {_csepulve33} possible cup and handle on ES Z8 one minute?
[13:40] {Threei} hi csepulve
[13:40] {_csepulve33} hi vad
06[13:40] * magoo slaps _csepulve33 around a bit with a large trout
[13:40] {magoo} no hi magoo?
[13:40] {patience} hi magoo
[13:40] {_csepulve33} jajaj...yes hi to everyone!!!!
[13:40] {dino} ilmn stopped -.50 sm
[13:41] {magoo} hi patience
[13:41] {_csepulve33} hi magoo
[13:42] {dino} possible bottle of brew forming around 4:00
[13:42] {Threei} WM
[13:42] {Threei} WSJ: SOURCES DOWNPLAY TALKS WITH JPM ABOUT A POSSIBLE DEAL, CEO HAS BROUGHT A FOMER CFO IN AS AN ADVISOR
[13:42] {Threei} {JPM}
[13:44] {_csepulve33} closer to confirm cup and handle on ES
[13:47] {dino} kndl l .80
[13:54] {Threei} FRONT MONTH CRUDE FUTURES DROPS BELOW $100 LEVEL FOR THE FIRST TIME SINCE EARLY APRIL
[13:54] {Threei} {USO OIH}
[13:54] {Threei} chaeron
[13:54] {Threei} round of vodka?
[13:54] {magoo} u just read my mind
[13:54] {Chaeron} got a liter right here...........
[13:55] {_csepulve33} vodka......great
[13:55] {magoo} i find i trade better while drinking
[13:55] {Threei} better?
[13:55] {Chaeron} Raw Vodka - distilled thru diamond dust
[13:55] {Threei} I can't trade at all when sober
[13:55] {magoo} yeah...
[13:55] {Threei} tried this morning
[13:55] {Threei} just doesn't work
[13:56] {magoo} your pics this morn drove me to the freezer early {or should i say earlier than usual...orange stoli in freezer at all times}
[13:56] {dino} i found i drink faster when trading
[13:57] {Threei} lol
[13:57] {magoo} funny too..found my long lost cell phone in there today..sigh
[13:59] {_csepulve33} you even try to trade drinking tequila?
[13:59] {Threei} too expensive in our neck of the woods
[14:00] {dino} had some petrone over the weekend, is good
[14:01] {Threei} CNBC'S FABER: JPM NOT IN DISCUSSIONS WITH WM OVER ACQUISITION
[14:01] {Threei} {JPM}
[14:02] {Threei} {WM} are too!!!
[14:07] {Threei} lol, better yeat:
[14:07] {Threei} JPM NOT IN DEAL DISCUSSIONS WITH WM, NO TALKS OF SIGNIFICANT NATURE, BUT 'THAT COULD CHANGE'
[14:08] {Chaeron} if these prices keep going, my son's piggy bank will be in discussions with WM for aquisition
[14:15] {dino} kndl stop to .03
[14:15] {dino} out +.23
[14:21] {magoo} alright vad..get to work
[14:26] {magoo} i need some of that new drink..tru-blood
[14:27] {Threei} trying to et a feel for end of day direction for finnies magas
06[14:27] * Chaeron slaps _csepulve33 around a bit with a large trout
[14:27] {Chaeron} ooops sorry cse
06[14:27] * Chaeron slaps magoo around a bit with a large trout
[14:27] {magoo} lol
[14:28] {magoo} hes taking a beating today for a visitor
[14:29] {magoo} vad..if u could find me just 3 more trades of $300 profit i would have a good day going
[14:29] {Threei} 1 for $900 won't do?
[14:30] {magoo} ok..was trying to go easy on u
[14:30] {Threei} WHITE HOUSE: FNM AND FRE TAKEOVER WILL NOT BE ON THE FEDERAL BUDGET
[14:30] {dino} of course, "off" budget item
[14:31] {Threei} AIG bouncing
[14:32] {Threei} looks to lead MER this time
[14:35] {magoo} i think id rather short a bounce..what u thinking
[14:36] {Threei} hard to tell when any second new headline can appear
[14:36] {Threei} they look quite resilient here
[14:36] {Threei} idea "who wants to hold them over weekend" is too obvious
[14:36] {Threei} and in fact, many may want
[14:37] {Threei} counting on gap after LEH resultion over weekend
[14:38] {magoo} funny u brought up parallel universe..last nite sienfeld was the one where elaine finds 3 opposite friends of george..jerry and kramer
[14:39] {Threei} bounce in progress it seems
[14:39] {Threei} before final resolution I'd expect AIG to revisit 13
[14:39] {Threei} and MER 18
[14:40] {Threei} here comes AIG 13
[14:40] {Threei} direct hit
[14:40] {Threei} that was 200 for you
[14:41] {magoo} took wrong one
[14:41] {magoo} mer
[14:41] {Threei} still in works
[14:41] {Threei} was at .70 at the time
[14:42] {Threei} half way to target
[14:44] {magoo} out .95 TY full lot
[14:44] {Threei} welcome :)
[14:44] {magoo} 2 motre vad
[14:44] {magoo} really
[14:45] {Threei} good timing on exit
[14:45] {magoo} ty..
[14:45] {dino} type l .80
[14:50] {Threei} C
[14:50] {Threei} JIM CRAMER SPECULATES THAT CITIGROUP WILL BE NEXT TARGET OF A BEAR RAID
[14:52] {Threei} ok... shorted .27
[14:52] {Threei} .31 stop
[14:52] {Threei} let's see if Jimmie got it right, lol
[14:53] {Threei} I can afford 4 cents stop to check him out
[14:53] {Threei} hwey, it woprks
[14:53] {Threei} lol
[14:54] {Threei} out .16
[14:55] {Threei} thatnks for 110 bucks Jim
[14:55] {magoo} that was crazy fast
[14:55] {Threei} not really...
[14:55] {Threei} gave ample time for entry
[14:55] {Threei} and slid down ordely
[14:56] {Threei} hmmm
[14:56] {Threei} AIG at 13 again
[14:56] {Threei} MER is lagging
[14:57] {Threei} in
[14:57] {Threei} .80
[14:57] {Threei} .69 stop
[14:57] {Threei} wtf happened on AIG?
[14:57] {laserdave1} AIG mass move
[14:57] {laserdave1} huge candle there
[14:57] {Threei} MAY ANNOUNCE A TURNAROUND PLAN BEFORE SCHEDULED SEP 25 ANNOUNCEMENT, MAY INCLUDE CAPITAL RAISE OR ASSET SALES - UNCONFIRMED REPORT
[14:57] {Threei} news...
[14:57] {Threei} told you, any swcond new headline
[14:58] {Threei} come on MER, follow
[14:59] {Threei} out .88
[14:59] {Threei} abysmal following
[15:00] {Threei} happy with &80
[15:01] {Threei} not sure how this news warrants such spike
[15:01] {Threei} they will intoroduce plan to raise capital or sell assets?
[15:03] {dino} cvtx stopped -.16
[15:05] {Threei} 18 MER...
[15:07] {Threei} 55 minutes - plenty of time for two headlines sending finnies down and two - up
[15:08] {Threei} 13 area is natural bounce level for AIG
[15:10] {Threei} in
[15:10] {Threei} .89 stop
[15:13] {dino} ilmn sm l .25
[15:13] {Threei} taking too long... out
[15:18] {Threei} MER sharp down
[15:18] {Threei} waiting for news, lol
[15:20] {Threei} hmm... no headline for this drop
[15:20] {dino} type stop to .89
[15:22] {Threei} STIFEL ANALYST WIDENS Q3 LOSS ESTIMATE FOR WAMU (TIMING UNCERTAIN)
[15:26] {dptl} have a good weekend all.. :).....(good week ,no loosing days:))
[15:26] {Threei} take care dp, qwtg
[15:27] {dino} great job dp
[15:27] {dptl} ty :)
[15:28] {dino} goal #1, flat or up
[15:28] {magoo} nice dp
[15:37] {dino} out type .00, +.20
[15:45] {magoo} we missed this AIG short
[15:46] {Threei} yeah
[15:46] {magoo} i called 11
[15:46] {Threei} 13 minutes to get there
[15:48] {Threei} MER new lows
[15:49] {Threei} probably this AIG bounce is a chance to short
[15:49] {magoo} ok sh .05
[15:50] {Threei} holding...
[15:50] {Threei} careful
[15:50] {Threei} keep it tight
[15:50] {fernp} this morning i shorted AIG, but now it's no available. weird
[15:50] {Threei} broker must have run out of inventory
[15:51] {fernp} yes
[15:51] {Threei} MER bouncing mags
[15:51] {Threei} be careful
[15:52] {magoo} waiting .87
[15:52] {magoo} OUT
[15:53] {magoo} ty
[15:53] {Threei} good one
[15:53] {Threei} gutsy too
[15:53] {Threei} MER may follow it now
[15:53] {magoo} yeah..not my style
[15:53] {magoo} sh mer .86
[15:54] {Threei} wow
[15:54] {Threei} what a dump AIG
[15:56] {dino} out ilmn .45, +.20
[15:56] {dino} calling it a week, decent one
[15:58] {magoo} out mer sh minudime
[15:58] {Threei} OK guys, thank you all
[15:59] {Threei} have a good weekend
[15:59] {Threei} much better than LEH and Fed
[15:59] {magoo} ty vad
[15:59] {Threei} see you on Monday
[16:00] {fernp} have a nice weekend all
[16:01] {dino} take care all

Sep 10 2008

Session Time: Wed Sep 10 00:00:00 2008

[08:29] {magoo} morning
[08:35] {Threei} Good morning
[08:35] {magoo} morn vad
[08:35] {magoo} man LKEH sold down to 7 last nite
[08:35] {magoo} lkeh
[08:35] {magoo} sigh
[08:35] {magoo} LEH
[08:36] {Threei} dove under 7 earlier today too
[08:36] {Threei} don't know why it's recovering now
[08:36] {magoo} i just took some aapl here long
[08:36] {magoo} should bounce
[08:37] {Threei} CZECH REPUBLIC REPORTEDLY APPROVES AGREEMENT WITH US FOR MISSILE BASE FORCES
[08:37] {Threei} how about that OPEC cut
[08:37] {magoo} hh?
[08:37] {Threei} all day yesterday each members separately said no cut
[08:37] {Threei} then all together, except Saudis, they voted to cut
[08:38] {Threei} obviously the way they talk business
[08:38] {magoo} :)
[08:38] {magoo} rimm up 3
[08:39] {magoo} new product today
[08:39] {magoo} oposite affect from aapl
[08:39] {esemde} good morning....
[08:39] {Threei} ese :)
[08:41] {esemde} Got my new timetable yesterday.....I may not be joining you on Tuesdays and thursdays until late January until first semester is over
[08:41] {esemde} this is a drag
[08:41] {magoo} sorry to hear
[08:42] {esemde} Yes I have to be out of the house very early to do morning band at another school those days
[08:42] {Threei} :(
[08:42] {esemde} indeed
[08:46] {Threei} C
[08:46] {Threei} CITI REPORTS EXPOSURE TO FANNIE AND FREDDIE AT $50M AS OF SEPT 8TH, SEES RELALTED PRETAX CHARGE OF $450M - FILING
[08:46] {magoo} imcl news vad
[08:46] {Threei} issues statement
[08:47] {Threei} no statement itself yet
[08:49] {peterg} hi
[08:49] {Threei} peter :)
[08:49] {Threei} ok, IMCL
[08:49] {Threei} Statement informs Bristol-Myers Squibb Company that following the Special Committee's review and discussion, and based upon the advice it received from its advisors, the Special Committee has determined that the unsolicited offer that ImClone received from Bristol-Myers to acquire ImClone for $60 per share in cash is inadequate.
[08:49] {Threei} Mr. Icahn also announced he has had several conversations with the Chief Executive Officer of a large pharmaceutical company. pharmaceutical company has submitted a proposal, subject to due diligence, but not subject to financing, to acquire ImClone for $70 per share in cash.
[08:52] {Threei} OK, this is quite worthy 1 min of your time
[08:52] {Threei} http://tinyurl.com/6k39bg
[08:54] {magoo} holy crap...i want to apply for that job
[08:55] {Threei} I don't... I would issue "short the crap out of it" recommendation and get fired on a spot
[08:55] {Threei} or taken out the back door and shot
[08:56] {magoo} news SSL
[08:57] {Threei} nope
[08:57] {fernp} Good morning all
[08:58] {Threei} fern :)
[08:58] {Threei} ok, why this pos LEH is rising
[08:58] {Threei} for all we know it should have been trading at 5 already
[09:00] {magoo} i know announce loss 3.9 BILLION
[09:00] {Onix} good morning all
[09:00] {Threei} cut dividends by 95% (as if it has any business paying them at all)
[09:00] {Threei} Onix :)
[09:00] {Threei} and negotiations with KDB ended
[09:01] {magoo} KGB??
[09:01] {Threei} they announced also some restructuring plan
[09:02] {magoo} would u explain to me briefly market fair value in pre mkt
[09:03] {Threei} yes
[09:03] {magoo} i dont get it..say mkt up 76..fair value 9
[09:03] {Threei} bs concept that has no slightest ground in reality
[09:03] {Threei} brief enough?
[09:03] {magoo} yep..i can understand it
[09:04] {Threei} http://www.investopedia.com/terms/f/fairvalue.asp
[09:04] {Threei} the futures market, fair value is the equilibrium price for a futures contract. This is equal to the spot price after taking into account compounded interest (and dividends lost because the investor owns the futures contract rather than the physical stocks) over a certain period of time.
[09:04] {Threei} The "fair value" quoted on TV refers to the relationship between the futures contract on a market index and the actual value of the index. If the futures are above fair value then traders are betting the market index will go higher, the opposite is true if futures are below fair value.
[09:04] {dino} gm all
[09:04] {Threei} dino :)
[09:05] {magoo} ty
[09:09] {dino} let's see if i understand C, they have $50 million exposure as of the 8th, w/a $450 million write-off. seems to me that they had a $500 million exposure as of the 7th. and the $50 million remaining will be worthless. nice going again guys.
[09:09] {magoo} vad, news AAPL
[09:09] {dino} i suppose bonuses are in order
[09:10] {magoo} u can learn all this at ...www.dinospeakthelanguage.com
[09:11] {Threei} that's how I understood it as well dino
[09:11] {magoo} did u go to his website vad?
[09:11] {Threei} should I?
[09:11] {dino} bottom line, they made another 1/2 billion mistake
[09:12] {dino} c'mon, who is in charge of these idiot mistakes, fire them.
[09:14] {cosmo} ERIC
[09:14] {Threei} LEH CEO: SEES NO LARGE WRITEDOWNS IN COMMERCIAL REAL ESTATE DIVISION - CONF CALL
[09:16] {cosmo} IMCL
[09:18] {cosmo} pulls back from 71 pre mkt high
[09:26] {_csepulve33} good morning
[09:26] {Threei} csepulve :)
[09:30] {Threei} itching to short the crap out of LEH
[09:30] {Threei} will probably let the dust settle first
[09:31] {judijim} good morning all
[09:31] {Threei} jj :)
[09:32] {Threei} something doesn't look right about it
[09:33] {magoo} we know it can get into 6 area
[09:33] {Threei} yeah... what I don't understand is why it's still not there
[09:33] {Threei} COIN
[09:34] {magoo} maybe now
[09:34] {magoo} not in..just saying
[09:34] {Threei} if 6.75 gets taken, very risky long
[09:34] {Threei} with a good chance of going over 7
[09:36] {Threei} should break now
[09:38] {magoo} mkt not helping
[09:38] {magoo} not in
[09:40] {Threei} I guess I was being too careful on LEH
[09:40] {Threei} should have given in to that itch
[09:40] {magoo} me too
[09:40] {magoo} we should have done 300 shares
[09:41] {magoo} l aapl 300 sh.80-
[09:41] {magoo} 149.80
[09:41] {magoo} moving fast hard to post
[09:42] {esemde} hmmmmm just taking a look at the beating ESLR has taken.....interesting
[09:44] {esemde} CSIQ same...
[09:44] {esemde} gonna be bounce time soon
[09:45] {magoo} everything is ES
[09:45] {Threei} COIN 7
[09:45] {Threei} half out at least
[09:45] {esemde} to bad i don't have a crap load of money right now
[09:45] {magoo} nice vad
[09:45] {Threei} scalpers be happy
[09:45] {magoo} cover aapl .49
[09:45] {magoo} out
[09:46] {magoo} not easy
[09:50] {esemde} lots of solar stocks on the euphoria screen
[09:50] {magoo} l 100 shares goog
[09:50] {dino} stalking skf
[09:50] {magoo} 200 bux stop
[09:51] {magoo} 420.95
[09:52] {dino} v sm s skf .19 wide
[09:52] {magoo} looking for points
[09:52] {dino} y
[09:53] {dino} theres 1
[09:53] {magoo} i meant my goog
[09:53] {dino} opps
[09:54] {Threei} Long Setup: FNM 1.16 for a scalp type 1, if stays above .10
[09:55] {magoo} stopped anyway TECH SUYX
[09:57] {dino} v sm aapl l .30 wide
[09:59] {dino} afam sm l .24
[10:04] {dino} aapl stop to .50
[10:04] {magoo} ty dino took aapl and cut 151.27
[10:04] {magoo} point
[10:05] {Threei} pains me to say
[10:05] {Threei} but LEH is long on .50 break
[10:05] {magoo} i hope it doesn't pain my acct he he
[10:06] {Threei} invalidated
[10:06] {Threei} {--- feeling relief
[10:06] {esemde} long AMGN .80
[10:07] {esemde} stop .70 aggressive
[10:07] {esemde} entry
[10:07] {dino} cov skf .60, +.60
[10:07] {dino} .59
[10:08] {magoo} feel this
06[10:08] * magoo slaps Threei around a bit with a large trout
[10:08] {Threei} hmmm
[10:08] {dino} too soon
[10:09] {magoo} ponder this
06[10:09] * magoo slaps Threei around a bit with a large trout
[10:09] {Threei} sigh
[10:09] {dino} aapl to .48
[10:09] {magoo} sigh over this
06[10:09] * magoo slaps Threei around a bit with a large trout
[10:09] {Threei} lol
[10:10] {esemde} come on......give it the push to 62
[10:10] {Threei} next will be laugh over this?
[10:10] {dino} out aapl .48, +2.18
[10:10] {magoo} indeed'
[10:11] {esemde} agressive this morning mags....just like my AMGN entry
[10:13] {dino} afam stop to .09
[10:13] {esemde} thought about CELG bounce as a dino tribute but went with AMGN
[10:14] {dino} why thank you
[10:14] {esemde} thats it amgn....thats it
[10:15] {Threei} ESLR
[10:15] {Threei} CFO NOTES IN TALKS TO POTENTIALLY LICENSE NEW TECHNOLOGY
[10:16] {dino} dino announces in talks w/magoo over lunch
[10:17] {Threei} demand him to serve fish dino
[10:17] {Threei} he has abundance of it this morning
[10:18] {magoo} fish????
[10:18] {Threei} there goes
[10:18] {dino} afam stopped slipped .00 -.24
06[10:18] * magoo slaps Threei around a bit with a large trout
06[10:18] * magoo slaps patience around a bit with a large trout
[10:20] {esemde} AMGN stop to .80 break even
[10:21] {Threei} Short Setup: LEH 8.15 half lot
[10:21] {Threei} if stays below .25
[10:21] {esemde} don't need it out Amgn 62
[10:22] {Threei} good one ese
[10:22] {esemde} that was 3/4 lott by the way
[10:22] {esemde} tks
[10:22] {Threei} LEH over 1:1 quickly
[10:23] {peterg} out LE + .10 tks
[10:23] {esemde} me thinks AMGN is going to explode over 62 also
[10:23] {Threei} WM looks like another short candidate, missed breakdown of 3 earlier
[10:23] {Threei} maybe bounces for us
[10:23] {Threei} LEH 1:2
[10:25] {Threei} 1:3
[10:25] {Threei} if market downticks fast, WM short 2.80
[10:27] {dino} avav
[10:28] {magoo} man vad..if LEH loses low it will crash
[10:29] {Threei} yeah... but let's short it leg by leg
[10:29] {magoo} u out?
[10:29] {Threei} don't want to oversit
[10:29] {Threei} at 1:2, yes
[10:29] {magoo} ok
[10:29] {Threei} 1:3 was an icing on a cake that I missed
[10:30] {Threei} oil inventories soon
[10:30] {Threei} in 5 min
[10:30] {_csepulve33} it seems to be a choppy day
[10:30] {Threei} sure is
[10:35] {Threei} DOE CRUDE: -5.8M V -4ME; GASOLINE: -6.4M V -4.5ME;
[10:35] {Threei} DISTILLATES: -1.25M V -2.2ME;
[10:36] {dino} v sm l .70, stop lod
[10:36] {dino} afam sm l .62 last try
[10:37] {Threei} oil is so toast
[10:40] {cosmo} hmm...a biofuel
[10:41] {Threei} WM stop for scalpers is .86, for a bit longer hold .93
[10:47] {Threei} scalpers have 1:1
[10:48] {cosmo} STLD might have bottomed...on the daily ...dunno
[10:48] {cosmo} 21.19=hod
[10:48] {cosmo} should hold 21
[10:48] {Threei} longer holders have 1:1
[10:49] {dino} avav sm s .12, risky
[10:49] {Threei} feel free to cover WM as you see fit
[10:49] {Threei} it looks like more downside in cards
[10:49] {Threei} but let's manage risk
[10:50] {Threei} 22 cents already on $2 stock
[10:50] {Threei} allowing for any size of lot, lol
[10:50] {Threei} you can get a fill for 5K, 10K, whatever
[10:52] {Threei} out in full WM here
[10:52] {Threei} will look to reshort if bounces
[10:52] {Threei} +.33 on last portion
[10:52] {dino} gj
[10:52] {Threei} am I alone here?
[10:52] {Threei} ah, ty dino
[10:53] {dino} avav bstop to b/e
[10:53] {Threei} not much of a bounce eh?
[10:54] {dino} skf hod
[10:55] {dino} lots of red on "my" scanner fwiw
[10:55] {Threei} 2.60 closest WM resistance
[10:57] {dino} v stopped -.45
[10:59] {dino} avav bstop to .62
[11:08] {Threei} Short Setup: CIEN .35 if stays under .45
[11:10] {Threei} LEH
[11:10] {Threei} ASSET MANAGEMENT ASSETS BIDS ARE REPORTEDLY DUE ON FRIDAY - UNCONFIRMED REPORT
[11:11] {Threei} if you shorted WM near .60, half out here
[11:11] {dino} i don't think magoo will have the numbers together by friday
[11:11] {Threei} lol
[11:12] {dino} avav to .41 bstop
[11:12] {dino} cov slipped .48 ave. +..64
[11:14] {dino} partial fill itri l .41
[11:14] {dino} eqix ouch
[11:17] {dino} v rinse
[11:22] {magoo} l goog 100 shares....64
[11:22] {magoo} looking for multi platitudes
[11:23] {magoo} vad..is there goog news recent??
[11:23] {Threei} 11:14am [DT] Reportedly T-Mobile unit will shortly begin selling cell phones based on Google's Android platform - unconfirmed report
[11:24] {magoo} and thats bad?
[11:24] {Threei} that's not much
[11:26] {magoo} stopped again ..0 for 2
[11:27] {Threei} fighting trend
[11:27] {Threei} techs are in dire straits
[11:28] {dino} v sm eqix l .99
[11:28] {dino} wide
[11:29] {Chaeron} solf
[11:29] {Chaeron} Good morning all
[11:29] {Threei} chaeron :)
[11:30] {dino} gm
06[11:31] * magoo slaps Chaeron around a bit with a large trout
[11:41] {magoo} i was dishing them out earlier chae
[11:42] {Chaeron} thanks man... you know how I feel about beeing left out...
[11:42] {magoo} i do
[11:57] {dino} eqix stop to .74
[11:57] {dino} afam stop to .19
[11:59] {dino} out eqix slip .72, +1.73
[11:59] {dino} afam to .28
[12:01] {magoo} vad..what u watching??
[12:02] {Threei} not much to watch, market went dead
[12:02] {magoo} could be some shorts if IF mkt falls
[12:02] {Threei} still holding CIEN short
[12:02] {magoo} in where? {i was on phone..sorry}
[12:02] {Threei} and half WM
[12:03] {Threei} .37
[12:03] {magoo} so am i chasing ? {lol}
[12:03] {Threei} CHRYSLER NOTES IT IS MAKING GOOD PROGRESS ON DEVELOPMENT OF ELECTRIC CAR - SPOKESPERSON
06[12:04] * Threei slaps laserdave1 around a bit with a large trout
[12:04] {dino} tough crowd when 1.73 doesn't get ya noticed
06[12:04] * Chaeron slaps laserdave1 around a bit with a large trout
[12:04] {Threei} nothing does dino
[12:04] {Threei} total sleep
[12:04] {Threei} don't know why I even bother
[12:04] {Chaeron} shoot... missed that.... HUGE dino
06[12:05] * laserdave1 slaps Threei around a bit with a large trout
06[12:05] * laserdave1 slaps Chaeron around a bit with a large trout
06[12:05] * laserdave1 slaps Chaeron around a bit with a large trout
[12:05] {Chaeron} you put some in my acct, right?
06[12:05] * laserdave1 slaps Chaeron around a bit with a large trout
06[12:05] * laserdave1 slaps magoo around a bit with a large trout
[12:06] {Chaeron} honored you hate me more Dave :))
[12:07] {dino} indeed i did chaeron, the bill for commission
[12:07] {dino} afam stop to .45
[12:08] {dino} to .62
06[12:09] * magoo slaps laserdave1 around a bit with a large trout
06[12:10] * magoo slaps laserdave1 around a bit with a large trout
[12:12] {esemde} signing off all....have a great rest of the day
[12:13] {dino} out afam .64, +1.02
[12:14] {magoo} bye es
[12:15] {Threei} take care ese
[12:26] {Threei} SENATOR CORNYN ISSUES CALL FOR A CRIMINIAL PROBE OF FRE AND FNM
[12:26] {Threei} {FRE FNM}
[12:28] {cosmo} = ENE x 1000
[12:29] {cosmo} 10,000 maybe....
[12:31] {dino} vltr
[12:45] {dino} itri stop to .97
[12:45] {Threei} LEH is getting hit again
[12:47] {magoo} sh rimm .62 now..very small
[12:48] {dino} out itri .97 ave., +.57
[12:56] {Threei} IRAN SAYS IT IS HOLDING TAKS TO EXPAND CASPIAN OIL PIPELINE TO 500 BPD
[12:56] {Threei} - Notes it is ready to build a refinery on the Caspian Sea.{USO}
[12:56] {magoo} why all sudden nicey nice..afraid of U.S going to new technologies i guess
[12:57] {magoo} covered RIMM sh flat..i need to go get lunch
[12:58] {dino} afraid of natural gas, usa has discovered enough for 120+ years in the shale zones
[12:58] {dino} brb
[13:02] {laserdave1} dino when u see this?
[13:03] {laserdave1} is thta true abotu natural gas?
[13:04] {laserdave1} UNG has been hit so hard its crazy over last few months
[13:04] {Threei} woew
[13:04] {Threei} what happened with LEH?
[13:05] {Threei} CNBC'S GASPARINO: LEH IS PURSUING ALL ALTERNATIVE OPTIONS INCLUDING SALE OF ENTIRE COMPANY
[13:05] {Threei} that's all?
[13:05] {Threei} wasn't it said in the morning?
[13:05] {Threei} CNBC jokeys...
[13:12] {magoo} i really really like rimm short
[13:18] {magoo} not in..it will require mkt to retreat
[13:19] {dino} gotta hop for a bit, show a house, back later i think
[13:19] {dino} if not, thx all, very good day
[13:20] {Threei} gj
[13:31] {magoo} whats "gj"?
[13:32] {Threei} no idea
[13:32] {Threei} I just see people saying that
[13:32] {magoo} i was trying to get u say it..then i say thanx lol
[13:34] {Threei} lol
[13:34] {Threei} CIBC Rubin lowered his oil forecats to 115
[13:34] {Threei} called 200 earlier
[13:34] {Threei} sounds like that C targets for FNM
[13:35] {magoo} wheres oil now
[13:35] {Threei} some in tankers... some still in the ground... hard to generalize
[13:36] {Threei} REPORTEDLY TWO RUSSIAN STRATEGIC BOMBERS HAVE LANDED IN VENEZUELA
[13:36] {Threei} - reminder: over the weekend, Venezuela and Russia announced they would conduct joint naval exercises in Nov
[13:36] {magoo} u gonna get some fish oil if u dont amnswer
[13:37] {Threei} 102.88
[13:37] {Chaeron} I got some in my driveway magoo
[13:44] {magoo} sh rimm .91 103.91 small risky
[13:45] {magoo} stop .21
[13:45] {magoo} should follw aapl somewhat
[13:46] {magoo} thinking at least 1 pt
[13:52] {Threei} beauty mags
[13:52] {magoo} ty stop too .65
[13:54] {magoo} covererd here
[13:54] {magoo} mkt bounce
[13:54] {magoo} + .50
[13:54] {Threei} wtg
[13:56] {magoo} still stalkibng it
[13:56] {magoo} if mkt fallds it should..i say..should{who knows} fall
[13:57] {magoo} all other techs have given back..goog..bidu..aapl
[13:59] {magoo} sh again .33
[14:01] {magoo} no go ythis time
[14:02] {laserdave1} goog 52 week low about 412.10
[14:02] {laserdave1} just below it now
[14:03] {Threei} looks ready for flush
[14:03] {Threei} flushing
[14:03] {Threei} flushing
[14:04] {Threei} flushed
[14:04] {Threei} traded GOOG first time in a
[14:04] {Threei} ummm
[14:04] {magoo} nice read vad..2 pts u got
[14:04] {Threei} ever?
[14:05] {Threei} no... ot ever... but in a very long time
[14:06] {Threei} COIN day high again
[14:06] {magoo} i remember u and i hitting it way back in the day
[14:06] {Threei} your memory is better
[14:19] {laserdave1} financials really ripping
[14:19] {laserdave1} might squeeze this market
[14:19] {laserdave1} was there any news out
[14:19] {laserdave1} LEH bullish
[14:19] {laserdave1} market full reversal
[14:23] {laserdave1} if bid bac gets to 33 i will go long small shares
[14:24] {Threei} ABK .36 long if market spikes again
[14:24] {laserdave1} stop 32.90
[14:25] {laserdave1} leh can have big move up
[14:25] {laserdave1} rip might be coming accross the board
[14:26] {Threei} market hesitates a bit
[14:28] {Threei} wow RIMM
[14:28] {magoo} thats the RIMM run i been looking for last 4 sessions
[14:28] {magoo} but not in long after all the beatingsd it gave mne
[14:29] {Threei} come on market, grow a set
[14:33] {Threei} out ABK .50
[14:33] {magoo} .47 here TY
[14:33] {magoo} oh hey..laser got .48
[14:34] {Threei} hehe
[14:35] {Threei} best day of the month yet
[14:35] {Threei} can you believe half of the room is off?
[14:36] {magoo} what u saying?/theres alot of people logged in
[14:36] {laserdave1} took half out bac
[14:38] {Threei} kenya wants Obama elected
[14:39] {Threei} just so you know
[14:39] {Chaeron} that changed my vote
[14:39] {Threei} I have more information for you but since you already decided
[14:40] {peterg} Obabma so yesterday: Palin is now for now
[14:40] {peterg} pigs & lipstick--wow!
[14:40] {Threei} yeah... one thing bothers me though
[14:40] {peterg} wassat
[14:40] {Threei} I am trying to envision her facing Putin
[14:41] {peterg} across bering staits
[14:41] {peterg} she already did
[14:41] {peterg} the whole race has tanked. in terms of interest
[14:42] {peterg} for some reason
[14:50] {laserdave1} bac big seller at .01
[14:50] {laserdave1} why .01 no idea
[14:50] {laserdave1} if they get him should rip
[14:51] {Threei} WSJ: MINERALS MANAGEMENT SERVICE EMPLOYEES HAVE ACCEPTED GIFTS FROM OIL AND GAS COMPANIES ACCORDING TO THE DEPARTMENT OF THE INTERIOR
[14:51] {Threei} {USO UNG}
[14:51] {Threei} that starts looking like good old USSR
[14:52] {Threei} where only one kind of people didn't take bribes
[14:52] {peterg} I'll bite--who?
[14:52] {Threei} those who weren't offered
[14:52] {peterg} lol
[14:53] {peterg} actually, rofl!
[14:53] {laserdave1} out last half bac when it broke .90
[14:53] {laserdave1} half was good
[14:54] {laserdave1} should of sold all up there
[15:03] {dino} lol
[15:03] {magoo} yes..and can always reenter dave
[15:09] {laserdave1} i got small long on leh
[15:09] {magoo} where?
[15:10] {Threei} on NYSE
[15:10] {Threei} (I assume)]
[15:10] {laserdave1} u mean price?
[15:10] {magoo} THAT DOESIT..u better run
[15:10] {Threei} lol
06[15:10] * magoo slaps Threei around a bit with a large trout
06[15:10] * magoo slaps Threei around a bit with a large trout
06[15:10] * magoo slaps Threei around a bit with a large trout
[15:16] {laserdave1} cmon leh
[15:16] {laserdave1} u can do it
[15:18] {Threei} LEH
[15:18] {Threei} S&P AFFIRMS RATINGS ON WATCH NEGATIVE
[15:18] {Threei} shrug
[15:21] {laserdave1} out leh
[15:21] {laserdave1} not taking chance
[15:22] {laserdave1} tiny tiny loss
[15:28] {Threei} LEH
[15:28] {Threei} MOODY'S PUTS A2 RATING ON REVIEW, DIRECTION UNCERTAIN FOR LONG TERM DUE TO FLUIDITY IN LEH SITUATION
[15:28] {Threei} - Notes the market stress has been pressuring the belief that the firm should be sold
[15:28] {Threei} - Mood's comments on liquidy, believes it to be 'firm'
[15:31] {Threei} LEH
[15:31] {Threei} HEARING DEUTSCHE BANK MAKING POSITIVE COMMENTS (TIMING UNCERTAIN)
[15:31] {Threei} earth is revolving around LEH today
[15:33] {cosmo} checking
[15:35] {dino} dxpe
[15:35] {dino} avav
[15:39] {dino} qsii
[15:39] {Threei} sheesh LEH
[15:40] {laserdave1} LEH getting hammered now
[15:40] {laserdave1} wow
[15:41] {dino} mer, gs too
[15:41] {dino} avav patial fill s .92
[15:46] {dino} got it
[15:46] {laserdave1} they might really put the hurt on LEH
[15:47] {dino} lol, already bleeding badly this week
[15:48] {laserdave1} let see if they add any to the imbalance in 1 and a half minutes from now
[15:51] {Threei} about to lose low
[15:52] {dino} avav bstop to .75
[15:53] {dino} cov .74 +.18
[15:54] {Threei} wow
[15:54] {dino} and thats it for me today. thanks again all.....magoo bring me some grog
[15:55] {magoo} i cant..sh leh
[15:55] {dino} you dog
[15:55] {Threei} from where?
[15:55] {magoo} .41
[15:55] {Threei} half out?
[15:55] {magoo} covered .14]
[15:55] {Threei} and bid 6.90 the rest?
[15:55] {laserdave1} leh bidding 6.82 in case it breaks 7$
[15:56] {dino} gj, now cerveza por favor
[15:56] {Threei} wtg mags
[15:56] {Threei} 7 be gone
[15:57] {magoo} ty had great day
[15:57] {magoo} best in a month
[15:57] {Threei} :)
[15:57] {magoo} and stopping here at my high
[15:57] {peterg} wtg mags
[15:57] {Threei} thank you all, have a great evening
[15:57] {Threei} very nice day, second in a row
[15:57] {peterg} u2 vad, group
[15:57] {Threei} see you tomorrow
[15:58] {magoo} myu new winning streak vad..2 in a row he he
[15:58] {Threei} lol
[15:58] {Threei} 7 tested again
[15:58] {Threei} and lost
[15:58] {magoo} gotta start somewhere
[16:14] {magoo} good nitew all
Session Time: Thu Sep 11 00:00:00 2008
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 445K V 440KE;
[08:30] {Threei} ONTINUING CLAIMS: 3.525M V 3.460ME
[08:30] {Threei} - Prior Initial Jobless Claims revised from 444K to 451K
[08:31] {Threei} *AUG IMPORT PRICE INDEX M/M: -3.7% V -1.8%E; Y/Y: 16.0% V 20.2%E
[08:31] {Threei} JUL US TRADE BALANCE: -$62.2B V -$58.0BE
[08:31] {Threei} - Prior revised from -$56.8B to -$58.8B
[08:35] {Threei} don't look at LEH if you are prone to nightmares
[08:36] {cosmo} LEH: ...spectacular
[08:38] {Threei} MER's next?
[08:39] {cosmo} sure...why not
[08:43] {cosmo} ASML
[08:45] {brian3579} gm all
[08:45] {Threei} brian :)
[08:58] {tomg} good morning
[08:58] {Threei} tom :)
[08:59] {fernp} Good morning all
[08:59] {Threei} fern :)
[08:59] {Threei} 4 is line in the sand for LEH so far
[09:00] {Threei} DEUTSCHE BANK CUTS LEH TO HOLD FROM BUY, CUTS PRICE TARGET TO $11 FROM $28 (TIMING UNCERTAIN)
[09:00] {Threei} - reminder: just two days ago, DB added Lehman to the short term buy list, and yesterday recommended Lehman based on book value.
[09:00] {Threei} - separately, Ladenburg's Bove cuts Lehman price target to $12 from $20.
[09:00] {Threei} CITIGROUP CUTS LEH TO HOLD FROM BUY, PRICE TARGET: $9
[09:00] {Threei} amazing
[09:01] {Threei} stocks drop, analysts trail their targets
[09:01] {Threei} just like they did with FNM
[09:02] {Raven} These idiotic analyst statements bear a lot of resemblence to the crap that comes out of our Congress
[09:02] {Raven} pathetic
[09:02] {Threei} whole debacle is
[09:03] {Threei} was there any bubble in history that was so obviously a bubble?
[09:03] {Threei} heck, even CNBC commentators called it a bubble years ago
[09:03] {Threei} and those guys have never met a bubble they wouldn't hyped as legitimate gain
[09:03] {Raven} sigh
[09:04] {Raven} meanwhile our Presidenticl candidates debate the lipstick issue
[09:04] {Raven} double sigh
[09:04] {Threei} yup... crucially important
[09:05] {Threei} MER clawing its way down
[09:09] {dino} gm all
[09:09] {Threei} dino :)
[09:09] {dino} i guess the only thing that will get this market moving up is for oil to go back to 140
[09:09] {dino} end of days (getting old, imo)
[09:11] {dino} db had to get out of leh, thats why the buy
[09:12] {dino} ok guys/gals, same plan as last thurs., sit back for a bit
[09:14] {dino} watching cme, gs, skf, aapl afam
[09:15] {dptl} good morning all
[09:17] {Threei} dp :)
[09:17] {magoo} jyfyyffyfhfuyk
[09:17] {Threei} lkfotumhkldgs, yeah
[09:17] {Threei} WM under 2
[09:23] {Onix} gm all
[09:25] {Threei} onix :)
[09:26] {cosmo} LULU
[09:28] {Threei} GUIDES Q3 $0.11-0.13 V $0.17E, Q3 SSS MID TO HIGH SINGLE DIGITS
[09:34] {Threei} Long Setup: SIMG 6
[09:35] {Threei} stop under 5.85
[09:36] {Threei} Long Setup: LEH .51, stop .35
[09:38] {Threei} Short Setup: LEH .29 if can't break .50
[09:38] {Threei} SIMG invalidated
[09:41] {dino} lod's
[09:42] {dino} 11040ish last week low dji
[09:42] {judijim} good morning everyone
[09:42] {Threei} jj :)
[09:45] {magoo} man LEH is so fast
[09:49] {Threei} Long Setup: RIMM .50 break
[09:49] {Threei} stop under .30
[09:49] {Threei} invalidated
[09:50] {Threei} LEH no worky
[09:51] {peterg} gm all
[09:51] {Threei} peter :)
[09:52] {dino} sm l micc .95
[09:52] {dino} v sm l aapl .30 wide risky
[09:55] {Threei} shakeout
[09:56] {Onix} ty Vad, .72 in RIMM
[09:57] {Threei} good one onix
[09:58] {Threei} ugh LEH
[10:03] {Threei} what is it market got so happy about?
[10:06] {Threei} Long Setup: RIMM over .20
[10:06] {Threei} stop under 103
[10:06] {magoo} in
[10:07] {Threei} nope
[10:07] {magoo} shit
[10:10] {Roman} COIN on radar
[10:10] {Threei} 7.50 break, same as last setup on it yesterday
[10:10] {Threei} didn't trigger
[10:11] {Roman} WB
[10:11] {Roman} on pullback 13.75
[10:13] {magoo} gettin rinsed everywhere
[10:13] {Roman} in WB
[10:13] {Threei} COIN beauty
[10:13] {Threei} don't oversit though
[10:13] {Threei} volatile one
[10:16] {fernp} short play SNDA Vad?
[10:17] {Threei} .63 if can't break .80
[10:17] {Threei} arg
[10:17] {Threei} missed AIG short
[10:17] {fernp} ty
[10:17] {Threei} .75 was a trigger... got distracted
[10:21] {dino} sm l ilmn .00
[10:23] {Threei} AIG
[10:23] {Threei} EXPOSURE TO FNM AND FRE IS REPORTEDLY APPROX $550-600M - UNCONFIRMED REPORT
[10:26] {Threei} Long Setup: BRCM .16 if stays above 22
[10:29] {Threei} low volume pullback in both NQ and BRCM
[10:29] {Threei} see if NQ spikes, then BRCM becomes an agggressive entry
[10:30] {Threei} AIG getting hit
[10:32] {Threei} 22.01 if holding above .96
[10:34] {dino} v sm risky s skf .20
[10:35] {Threei} NQ is trying
[10:35] {magoo} invalidated?
[10:35] {Threei} LADENBERG'S BOVE SAYS WM IS UNLIKELY TO BOOK PROFITS UNTIL MID-2010
[10:36] {Threei} yeah
[10:36] {Threei} profits?
[10:36] {Threei} WM is fighting for dear life
[10:37] {Threei} as if it being around in mid 2010 is a given, lol
[10:39] {Threei} anyone played COIN off .50?
[10:39] {Threei} oil near 100
[10:39] {Threei} will today be the day?
[10:42] {dino} skf stop to 121.01
[10:42] {dino} bstop
[10:43] {Threei} LEH
[10:43] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[10:43] {Threei} - Goldman again rumored as potential acquirer as was heard late on 9/9{GS}
[10:44] {dino} cov 121.01 +2.19
[10:45] {Threei} GM
[10:45] {Threei} pullback to 11.40 for long entry
[10:46] {Threei} mags... if you are interested in trying GOOG
[10:47] {Threei} this pullback is for entry
[10:47] {dino} tighten aapl to 148.48
[10:48] {dino} out aapl +1.28
[10:49] {magoo} wghere vad??
[10:49] {Threei} ugh
[10:49] {magoo} yeah..my bad
[10:49] {Threei} near 416 was it
[10:50] {magoo} any read AAPL boss?
[10:50] {dino} hmmmmmmmmmmmmmmmm, no takers
[10:50] {Threei} dino plays it perfectly
[10:51] {Threei} I am not very keen on it
[10:51] {Threei} hate that it's deeply in red while market just went green
[10:53] {magoo} feels different today...liker it wants to go green imo
[10:53] {dino} i guess the world survives
[10:54] {Threei} today at least
[10:54] {Threei} maybe GS will save the day by buying this LEH pos?
[10:54] {dino} ilmn stop to .39, micc to .35
[10:55] {dino} rate things are going, gs will be the only one left
[10:55] {dino} out micc, slipped +.37
[10:57] {Threei} BRCM worked off .90
[10:57] {Threei} let's see if market spekins from here
[10:57] {Threei} 22 is not decent support for entry
[10:58] {Threei} spekins?
[10:58] {Threei} sigh
[10:58] {dino} out ilmn .40 +.40
[10:59] {dino} meli
[10:59] {Threei} OK{ I just reread above... disregard it all, let me try again
[10:59] {Threei} 22 is now decent support for entry if market spikes off this pullback
[10:59] {Threei} there
[10:59] {Threei} here is spike
[10:59] {magoo} must admitt..i was confused .....as usual
[10:59] {Threei} wel, this time it was my fault
[11:05] {Threei} feel free to take scalp BRCM into next spike
[11:06] {magoo} out .14 TY
[11:06] {magoo} fiull lot
[11:06] {Threei} of course full lot... with a few cents stop
[11:06] {Threei} but hey... I said NEXT spike!! :)
[11:06] {Threei} here it is
[11:06] {Threei} out .21
[11:07] {Threei} my entry was a little off, .06
[11:07] {magoo} shit
[11:07] {magoo} i keep messing it up
[11:13] {Threei} (RU) RUSSIAN PM PUTIN: DISCUSSIONS OF SANCTIONS AGAINST RUSSIA ARE AGAINST THE "SPIRIT OF THE FREE MARKET
[11:13] {Threei} - Says there is no basis for new cold war, Russia does not have imperialist ambitions
[11:14] {dino} neither do i
[11:15] {magoo} vad..goog read??
[11:16] {Threei} no, not here
[11:16] {Threei} feels rather like short
[11:22] {peterg} Russians to invade Canada to protect former citizen
[11:22] {dino} lol
[11:22] {dino} i suppose the irish will invade america too
[11:23] {magoo} canada sends entire armed forces to border.....troop estimates 12 soldiers
[11:24] {magoo} would be 14 but they sent 2 to iuraq
[11:28] {dino} lol
[11:28] {Threei} strange pause
[11:28] {Threei} in the market
[11:29] {Threei} can't tell it's a quiet before sharp up or down
[11:35] {dino} meli, sm l .45
[11:37] {Chaeron} GM all
[11:37] {Threei} chaeron :)
[11:38] {Threei} anyone caught GM pullback?
[11:39] {Chaeron} :)
06[11:39] * Chaeron slaps magoo around a bit with a large trout
[11:41] {Threei} LEH is aiming for 5
[11:41] {Threei} if pulls back to around .70 -.75, would be an entry
[11:44] {Threei} .75 was it
[11:44] {Threei} tried to bid .72, missed
[11:45] {magoo} hey chaerbroil
[11:45] {magoo} be back in hour..gotta go kick a tenants ass
[11:45] {Threei} GOLDMAN SACHS SPOKESPERSON REITERATES THAT IT IS CONTINUING TO DO BUSINESS WITH LEH
06[11:46] * Threei slaps laserdave1 around a bit with a large trout
06[11:47] * Chaeron slaps laserdave1 around a bit with a large trout
[11:48] {dino} v sm skf l .15
[11:51] {Threei} Long Setup: GM 12 break
[11:51] {Threei} .84 stop
[11:51] {dino} stopped -.50
[12:00] {Threei} GM stop to .89
[12:00] {Threei} one more spike should take it to 1:1
[12:01] {Threei} here it is
[12:01] {Threei} scalpers take profit, sane ones sell half
[12:02] {dino} green dji
[12:03] {dino} ilmn sm l .51
[12:03] {Threei} US HOUSE OF REPS TO CONSIDER ENERGY BILL NEXT WEEK
[12:04] {Threei} GM over 1:2
[12:04] {Threei} out in full +.36
[12:04] {Threei} what, no takers?
[12:05] {tomg} i got it vad, ty :)
[12:05] {Threei} whew
[12:05] {jmb} thanks vad
[12:05] {Threei} welcome :)
[12:05] {dino} idcc
[12:06] {Threei} sheesh, 65 cents
[12:06] {Threei} didn't expect THAT much from it
[12:06] {Threei} I mean 70
[12:06] {Threei} I mean 80
[12:07] {Threei} it's not really a big mover usually
[12:07] {Threei} though we would be lucky to get 1:2
[12:08] {Threei} CNBC'S GASPARINO DENIES RUMOR THAT GOLDMAN HAS CUT OFF BUSINESS WITH LEH
[12:13] {dino} meli stop to b/e
[12:13] {dino} stopped
[12:24] {dino} ilmn stop to .89
[12:27] {dino} to .98
[12:31] {Threei} Short Setup: AIG 14.99 if stays under 15.15
[12:31] {dino} out slip to .92, +.41
[12:34] {dino} ttwo
[12:34] {Threei} LEH spike
[12:34] {Threei} REPORTEDLY IN TALKS WITH POTENTIAL ACQUIRERS - UNCONFIRMED REPORT
[12:35] {Threei} lol
[12:36] {Threei} - Spokesperson declines comment
[12:36] {Threei} poor LEH spokesperson these days
[12:36] {peterg} I offered a sum of money to Richard S. Fuld, Jr. Wating for response
[12:37] {Threei} I don't think your $5 bid is going to cut it peter... I submitted $10
[12:37] {Threei} but I feel I may be overpaying
[12:37] {peterg} darn
[12:39] {Threei} LEH spokesperson probably says no comment when asked by a spouse "scrambled or over easy?"
[12:40] {dino} tktm
[12:41] {Threei} GOLDMAN SACHS REPORTEDLY NOT PURCHASING LEH - UNCONFIRMED REPORT
[12:41] {Threei} {GS}
[12:42] {dino} micc sm l .95
[12:43] {Threei} your head spinning yet from the barrage of LEH rumors, assumptions, denials and incinuations?
[12:44] {dino} me?, not really watching it
[12:45] {Threei} interestingly enough, stock itself almost stopped reacting on them
[12:46] {dino} fnm and fre approaching their lifetime lows, lol
[12:56] {GeoArb} hi all
[12:57] {Threei} Geo :)
[12:57] {GeoArb} got back from DC on red eye
[12:58] {peterg} Hey geo--hows the prez?
[12:58] {GeoArb} dunno... was stuck in FDA 3 days
[12:58] {GeoArb} god to see green treese for a change though
[12:58] {peterg} well hope you had some good drugs then
[12:59] {GeoArb} :)
[12:59] {Threei} lol
[13:05] {dino} geo is in the house
[13:05] {GeoArb} hope you guys made a lot of money :)
[13:05] {dino} :)
[13:06] {Threei} LEH
[13:06] {Threei} FUND MANAGER NOTES THAT THE FIRM OFFERED $340M IN OVERNIGHT COMMERCIAL PAPER (75% ALREADY SOLD), BUT NO TERM COMMERCIAL PAPER
[13:09] {Threei} Short Setup: LEH 4.45 if stays below .55
[13:12] {Threei} 1:1
[13:12] {Threei} half cover
[13:12] {Threei} scalpers are scalpers
[13:15] {Threei} if you are holding half, stop to .51
[13:15] {Threei} and to .46 once it's under .30
[13:15] {Threei} LEH
[13:15] {Threei} MORGAN STANLEY WITHDRAWS RATINGS ON FIRM DUE TO MARKET UNCERTAINTY
[13:15] {Threei} thank you MS
[13:17] {dino} tktm getting interesting
[13:18] {dino} sm l .11
[13:20] {dino} too soon stopped -.33
[13:23] {magoo} bbbbbbbaaaaaaaaacccccccclllllllllkkkkkkkkkkk
[13:25] {Threei} missed two wins...
[13:26] {magoo} sigh
[13:26] {magoo} had to go though
[13:28] {dptl} finishing early...have a good rest of the day all...see ya tomorrow :)
[13:28] {Threei} take care dp :)
[13:31] {dino} later dp
[13:49] {magoo} vad, what u stalking??
[13:50] {Threei} torn between caviar and crab meat
[13:51] {dino} chicken wings
[13:55] {Threei} AIG .72 long if stays above .60
[14:00] {Threei} *AUG MONTHLY BUDGET STATEMENT: -$111.9 V -$108BE
[14:00] {Threei} lol... market doesn't care anymore
[14:06] {Threei} US HOUSE SPEAKER PELOSI: AIMING TO COMPLETE THE AUTO INDUSTRY LOAN BILL BEFORE THE END OF THE CURRENT CONGRESSIONAL SESSION
[14:06] {Threei} - Pelosi notes that the market impact of Lehman will also determine whether the government rescue is needed.{F GM}
[14:07] {dino} hod
[14:07] {Threei} {LEH} if you are going to save me like you did BSC...
[14:09] {Chaeron} I say relegate it to the pink sheets
[14:18] {Threei} NQ looks like preparing for another upward spike
[14:18] {Threei} RIMM is to follow if happens
[14:19] {Threei} .75 break would be a trigger
[14:20] {Threei} GOOG new high
[14:20] {Threei} should help
[14:23] {Threei} not much following RIMM...
[14:23] {Threei} expected to break 108 by now
[14:23] {Threei} anyway, stop under .50
[14:24] {Threei} finally
[14:35] {magoo} wow RIMM
[14:35] {Threei} hmm?
[14:36] {Threei} was it something someone said? :)
[14:36] {Threei} don't see any news
[14:37] {Threei} CEO:BLACKBERRY BOLD RELEASE EXPECTED IN OCT DUE TO AT&T NETWORK ISSUES -CNBC COMMENTS
[14:37] {Threei} sounds like non-issue to me
[14:42] {dino} meli sm l .02 stop .82
[14:44] {Threei} SAUDI ARABIA: NO PLANS TO CUT OUTPUT UNLESS CUSTOMER DEMAND DECLINES - INTERVIEW COMMENTS
[14:44] {Threei} - Note this morning a Saudi Oil official noted that Saudia Arabia would meet demand and that the policy remains unchanged by the decision made by OPEC on Sep 9{USO}
[14:45] {Threei} FED'S KOHN: CHANGE TO SAFER FINANCIAL SYSTEM WILL TAKE TIME, RESTRAINT ON CREDIT STILL EXISTS, LENDERS NEED TO BUILD CAPITAL BUFFERS TO AVOID MORAL HAZARD DUE TO LIQUIDITY
[14:46] {Threei} RIMM agrees about non-issue
[14:58] {dino} micc stopped -.20
[15:00] {dino} tighten meli to .92
[15:06] {Threei} oil 100.67
[15:16] {Chaeron} .
[15:16] {Chaeron} LEH
[15:16] {Threei} itching to short it
[15:16] {Chaeron} yeah
[15:17] {Threei} you just never know when another barrage of headlines appears
[15:17] {Threei} too many of those on it
06[15:17] * Threei slaps laserdave1 around a bit with a large trout
06[15:18] * Chaeron slaps laserdave1 around a bit with a large trout
[15:18] {Threei} tell us whether LEH is good short
[15:18] {Chaeron} YOU WILL TELL US NOW!!!
[15:19] {dino} meli stop to .24
[15:21] {Threei} MER
[15:21] {Threei} .49 short
[15:22] {Threei} .61 stop
[15:24] {Onix} ss in @ .49
[15:24] {Onix} MER
[15:24] {Threei} 1:1
[15:24] {Threei} half cover
[15:26] {peterg} out MER +.10
[15:26] {peterg} ty
[15:26] {dino} gj
[15:26] {Threei} LEH is about to lose 4
[15:26] {Onix} ty Vad, 13 + 23
[15:26] {dino} out meli .36, +.34
[15:27] {magoo} out here .26 TY vad
[15:27] {Threei} wtg guys
[15:27] {jmb} thanks
[15:27] {Onix} you're the MAN!
[15:27] {Threei} welcome
[15:27] {dino} calling it a day, have to coach son's baseball team
[15:27] {Threei} nice finish for the day
[15:27] {Threei} started out sloppy
[15:27] {Threei} then picked up
[15:28] {Threei} 3rd good day in a row
[15:28] {GeoArb} booohoohoo :(
[15:28] {GeoArb} missed 3 good days
[15:28] {magoo} vad i reshorted .12
[15:28] {Threei} so what... you saw green trees
[15:28] {GeoArb} ouch
[15:29] {Threei} I knew you were a closet tree hugger
[15:29] {Threei} all californians are
[15:29] {peterg} what color are geo's trees?
[15:29] {Threei} only chaeron doesn't admit it
[15:29] {GeoArb} dried up and brown
[15:29] {magoo} cover .93
[15:29] {Threei} good one mags
[15:29] {Threei} LEH, mama mia
[15:29] {magoo} feels lower boss
[15:30] {Threei} -45% or so... just another day on Wall Street
[15:32] {GeoArb} woooo LEH
[15:32] {cosmo} LULU maybe
[15:32] {Threei} Lulu... Zizi...
[15:32] {Threei} Mopassan novel
[15:32] {Threei} or how you spell him
[15:33] {cosmo} gee...understatement...
[15:33] {Threei} lol
[15:35] {peterg} Guy de Maupassant? pissant?
[15:36] {GeoArb} lulululululu
[15:36] {Threei} is that how you spell him?
[15:36] {peterg} close
[15:36] {Threei} OK... when I learn to spell La Roshfuko, I'll be the king of spelling
[15:37] {peterg} google sez yes to spelling
[15:37] {Threei} google not much help... it gave me fine hits on Mopassan as well :)
[15:40] {peterg} Mopassan in polish & other english character slavic tongues
[15:40] {peterg} wish we had cyrillic
[15:40] {Threei} no you don't
[15:40] {peterg} nyet?
[15:40] {Threei} nyet
[15:41] {peterg} love the zhzh character
[15:41] {Threei} yeah, and there are more of that kind
[15:41] {peterg} shsh
[15:41] {peterg} e.g.
[15:41] {peterg} shch
[15:43] {Threei} .84 starts looking like another LEH short trigger
[15:43] {Threei} keep it small
[15:43] {Threei} too close to eod
[15:43] {Threei} who know
[15:43] {Chaeron} dave does
06[15:43] * Threei slaps laserdave1 around a bit with a large trout
[15:43] {Chaeron} he's not talking tho
[15:49] {Threei} wow
[15:50] {Threei} UAUA
[15:50] {Threei} SEC BEGINS INQUIRY INTO STOCK DROP EARLIER THIS WEEK
[15:52] {Threei} no worky
[15:56] {Threei} wow
[15:56] {Threei} news?
[15:56] {GeoArb} BAC IN TALKS TO BUY COMPANY - WSJ
[15:56] {Threei} BAC IN TALKS TO BUY COMPANY - WSJ
[15:56] {GeoArb} leh
[15:57] {Threei} [15:17] {Threei} you just never know when another barrage of headlines appears
[15:57] {Threei} [15:17] {Threei} too many of those on it
[15:59] {Threei} THOUGH DEAL IS STILL FAR FROM A CERTAINTY - WSJ CITING SOURCES
[16:00] {Onix} Thank you for a good trading day Vad ... a good afternoon & evening to you & all
[16:00] {peterg} see you all tomorrow
[16:00] {Threei} thank you all
[16:00] {magoo} good night all
[16:00] {Threei} have a good evening, see you tomorrow

Sept 09 2008

[08:22] {magoo} good morning vietnammmmmmmmm!!!!!!!!!!!!!!!!!
[08:22] {magoo} certainly been a war of late lol
[08:23] {Threei} good morning :)
[08:23] {Threei} WB
[08:23] {Threei} CEO: CONFIDENT THAT THE COMPANY IS NOW TAKING STEPS IN THE RIGHT DIRECTION
[08:23] {Threei} - Notes 87% of people affected by cuts have been notified so far
[08:24] {Threei} oil is gapping down... again
[08:29] {magoo} aapl event today..release of new products {ipod} i believe
[08:29] {magoo} news say what time vad?
[08:31] {Threei} all I see is Sony launching music service
[08:31] {Threei} and ERTS saying new game will be available on iphone
[08:32] {Threei} tech sector is incredibly weak
[08:32] {Threei} that was what supressed nasdaq yesterday
[08:33] {Threei} even though Dow ended green losing half of the gap, Nasdaq actually managed to go back in red
[08:33] {magoo} i know, cnbc talking about the rally yesterday..but naz red
[08:34] {magoo} but positive about aapl event today
[08:35] {Threei} in this climate, it will be dumped into
[08:35] {Threei} look at it right now
[08:35] {Threei} NQ's up 6.25
[08:35] {Threei} AAPL'a down 80 cents
[08:35] {Threei} and everyone knows about event, no?
[08:35] {magoo} so..pop off news posible and sold?
[08:36] {Threei} but it's not even news anymore if it's preannounced
[08:36] {Threei} I'd say, non-event
[08:36] {magoo} true,...hey, could u check see if bidu news out there?
[08:37] {Threei} 08/13/08 01:01pm [BIDU] Hearing Citigroup making positive comments (timing uncertain)
[08:37] {Threei} that's all
[08:38] {Threei} at this point, it's just a general sector weakness for all of them
[08:39] {Threei} until money flow reverses, no mediocre news events will help
[08:40] {Threei} thumb through the techs charts
[08:40] {Threei} BRCM, NVDA, RIMM, AAPL, KLAC
[08:41] {Threei} see?
[08:41] {cosmo} QGEN pre mkt high = 20.50 so far
[08:42] {cosmo} no news
[08:43] {Threei} - Energy: Saudi Arabia Oil Min Naimi noted that his country has been working hard since June to raise its production output to help bring prices to current levels. Saudi reiterated that the market remains adequately well balanced. OPEC President Khelil stated that there was no need for production cuts at this time and noted that prices would continue to decline even if OPEC cut supply. The Iranian OPEC Gov says some OPEC Members see the need for quota adherence. A Libya says general mood in OPEC focuses towards enforcing compliance, not a cut in output ceiling. Libya stated that the world could cope with oil at $100 per barrel. The National Hurricane Center noted that Hurricane Ike was weakening and currently a category 1 storm. Ike was Expected to be in the South-Eastern Gulf of Mexico on Wednesday.
[08:44] {cosmo} knee?
[08:44] {Threei} ?
[08:45] {Threei} WB CEO: "EXCEEDINGLY OPTIMISTIC" ABOUT OUR OUTLOOK
[08:45] {Threei} uh oh
[08:45] {cosmo} need?
[08:46] {Threei} exceeding optimism is an ominous sign
06[08:46] * Threei is bidding WB at 10 cents
[08:52] {magoo} WM active this morn..neg
[08:52] {magoo} FUL down 4
[08:52] {Threei} all fins in the red
[08:53] {magoo} u ever play SKS?
[08:53] {magoo} SKF
[08:53] {Threei} no
[08:53] {cosmo} UAUA
[08:57] {Onix} good morning all
[08:57] {Threei} Onix :)
[09:04] {Threei} 09/08/08 05:00pm
[09:04] {Threei} [EFUT] Efuture Information Technology Inc. Reports Q2 $0.35 v $0.00 y/y, R$3.5M (+104% y/y) (no est)
[09:04] {Threei} - Guides FY08 Rev $19M-$20M (no est)
[09:04] {Threei} - Backolg $6.1M
[09:04] {Threei} - Gross Margin 57.1% v 54.1% y/y
[09:09] {fernp} Good morning all
[09:09] {Threei} fern :)
[09:09] {peterg} gm all
[09:09] {Threei} peter :)
[09:10] {Threei} so far GSE bailout is not killing USD as was widely expected
[09:10] {Threei} if these morons manage to save financials without killing USD, I will be very impressed
[09:11] {Threei} would be even more impressed if they had enough brain power to avert such crises instead of putting fires out when whole forrest is burning
[09:12] {Threei} I mean... was there any bubble in the past that was so clearly bubble, as housing? every shoeshiner, and even CNBC commentators said it was a bubble
[09:13] {Threei} even tulips were not that transparent
[09:14] {dptl} good morning all
[09:14] {Threei} dp :)
[09:15] {magoo} vad, whats symbol for naz?
[09:15] {Threei} hmm?
[09:15] {Threei} what do you mean?
[09:16] {Threei} futures? composite? doble short?
[09:17] {tomg} gm all
[09:17] {Threei} tom :)
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:18] {Threei} be back in 5
[09:27] {Threei} LEH dump
[09:27] {Threei} 07/15 low is not that far
[09:30] {Threei} looking for spike to short
[09:31] {magoo} prob a bounce play now
[09:31] {Threei} yeah, don't want to chase...
[09:33] {Threei} missed
[09:34] {Threei} thought of .80 break as a short
[09:34] {Threei} morning spikes were concern
[09:34] {Threei} easy to get caught
[09:34] {magoo} a bounce somewhere
[09:36] {judijim} good morning all
[09:36] {Threei} jj :)
[09:37] {Threei} US INTELLIGENCE AGENCIES NOTE THEIR BELIEF THAT KIM JONG IL HAS SUFFERED A STROKE
[09:37] {dino} good
[09:38] {Threei} .21 long if holdong .10
[09:38] {Onix} leh?
[09:38] {Threei} yes
[09:39] {Threei} keep stop religiously
[09:39] {Threei} if losing .10, dump has potential of catastrophic
[09:39] {Threei} 1:1
[09:40] {dino} apol sm s .00
[09:40] {Threei} now short on .10 breakdown
[09:40] {Threei} stop about .25
[09:41] {Threei} invalidating level .40
[09:41] {Threei} if holding half from first entry, hold it
[09:41] {Threei} stop is the same
[09:42] {dino} apol stopped -.38
[09:43] {Threei} look to dump second half here
[09:43] {magoo} out long now..got lucky
[09:43] {magoo} .54
[09:43] {magoo} from .21
[09:43] {Roman} wow
[09:43] {Threei} good
[09:43] {magoo} scared me
[09:43] {Threei} KOREAN FINANCIAL SERVICE DENIES THAT TALKS HAVE ENDED BETWEEN LEH AND KDB
[09:43] {Threei} this is what sent it flying
[09:43] {magoo} was gonna cover and short in one stroke at loss of .10
[09:44] {Threei} earlier was reported that they are not interested
[09:44] {magoo} as in sell double position
[09:44] {Threei} that would be a way to go if it lost .10
[09:44] {magoo} yeah..cover and become short in one fill
[09:45] {Threei} Short Setup: BRCM .34 if stays below .50
[09:45] {dino} fmcn sm l .30
[09:47] {Threei} NVDA
[09:47] {Threei} TICKING HIGHER ON RENEWED TAKEOVER CHATTER
[09:47] {Threei} - Lenovo rumored as potential acquirer
[09:47] {dino} ilmn sm l .92
[09:48] {Threei} OK, first one was good on LEH
[09:48] {Threei} want to let it define a range now
[09:48] {Threei} .50 is a support to hold from this moment on
[09:48] {_csepulve33} good morning!
[09:49] {Threei} .70 - .75 area to break
[09:49] {Threei} csepulve :)
[09:49] {Threei} let's try half lot long on .70 break
[09:49] {Threei} stop under .50
[09:50] {Threei} see how .70 rejects it?
[09:50] {Threei} good entry for long if breaks
[09:50] {Threei} BRCM invalidated
[09:51] {magoo} sh rimm here sm .62
[09:53] {magoo} stop .02
[09:53] {Threei} over 1:1
[09:53] {Threei} half out
[09:53] {Threei} scalpers be happy
[09:53] {tomg} ty vad
[09:53] {Threei} welcome sir
[09:54] {magoo} stopped
[09:54] {Onix} ty Vad, not so scary this time
[09:54] {Threei} yeah, as morning volatility gets exhausted they become easy somewhat
[09:54] {Threei} unless chicago tribune publishes news from 1929
[09:55] {Threei} who kept half, offer if about 13.20
[09:55] {Threei} while trailing stop to .65
[09:55] {Roman} long SIRF 2.36-37
[09:57] {Threei} Short Setup: CSIQ .80 half lot
[09:58] {Threei} over 25.05 invalidated
[09:58] {magoo} CSIO or CSIQ?
[09:58] {magoo} red cant tell
[09:58] {Threei} CSIQ
[09:59] {magoo} ty
[09:59] {_csepulve33} here we go on CSIQ
[10:00] {Threei} JULY PENDING HOME SALES (M/M): -3.2% V -1.5%E
[10:00] {Threei} JULY WHOLESALE INVENTORIES: 1.4% V 0.7%E
[10:00] {Threei} 1:1 easy
[10:01] {Threei} feel free to cover as you see fit
[10:01] {Threei} I am out .45
[10:01] {tomg} good one vad,ty
[10:02] {Threei} welcome
[10:02] {_csepulve33} vad, wonderful play on CSIQ
[10:02] {Threei} fast and easy
[10:02] {Threei} just as we like'em
[10:05] {Threei} Short Setup: LEH .50 breakdown if stays under .70
[10:05] {Threei} let's keep it to half lot
[10:08] {Threei} AAPL low volume pullback
[10:08] {magoo} in leh .52
[10:09] {Threei} just a scalp mags
[10:09] {Threei} AAPL small shares long on 158 cross back
[10:09] {magoo} cover .38 TY
[10:10] {dino} sm l isys .96
[10:11] {Threei} market dump
[10:17] {dino} fmcn stopped -.36
[10:19] {dino} out ilmn .86, +.90
[10:19] {dino} .94 i mean
[10:22] {dino} v sm l skf .50
[10:24] {Onix} ty for AAPL Vad
[10:27] {Threei} sure
[10:27] {Threei} MOVES BELOW $12, LOWEST SINCE AUG 1999
[10:27] {Threei} LEH
[10:28] {Threei} why didn't we short .10 break, could anyone tell me?
[10:28] {dino} out skf 50, +1.00
[10:31] {dino} hmmm, no takers
[10:31] {Threei} we are full of envy
[10:31] {dino} yeah, that'll be the day
[10:32] {Threei} LEH has this look "short me wherever"
[10:34] {Threei} not easy to time it but it feels like bottomless pit today
[10:35] {Threei} 11 is total possibility
[10:37] {Threei} .50 shapes up as a short trigger
[10:37] {dino} v sm s skf .60
[10:37] {Threei} why did we ever cover CSIQ?
[10:38] {magoo} why i cover LEH:)
[10:39] {Threei} yeah
[10:42] {Threei} action is jerky and listless right now, waiting for something to shape up
[10:44] {dino} indeed
[10:48] {dino} stopped kkf -.60
[10:50] {dino} skf
[10:52] {Threei} here comes 11 LEH
[10:52] {Onix} ty for LEH Vad, got 30c
[10:52] {dino} v sm last try skf l .00
[10:52] {Threei} direct hit 11
[10:52] {Threei} [10:35] {Threei} 11 is total possibility
[10:53] {Threei} welcome Onix
[10:53] {magoo} nice read
[10:53] {Threei} mama mia
[10:53] {magoo} u just didn't want magoo to make the big bux
[10:54] {Threei} why not? I said .50 short trigger
[10:55] {tomg} ty leh, vad, cover?
[10:55] {magoo} teasing
[10:56] {magoo} feels like 8 possible
[10:56] {Threei} tom... no idea honestly
[10:56] {Threei} bottomless
[10:56] {tomg} k, ty
[10:56] {Threei} cover and be happy
[10:56] {tomg} ok
[10:56] {magoo} i said that at 10
[10:56] {magoo} its 8
[10:57] {Threei} [10:32] {Threei} LEH has this look "short me wherever"
[10:57] {dino} skf stop to 109.00
[10:57] {Threei} just how frikin true was that
[10:57] {magoo} panic vad
[10:58] {magoo} vad, look at low he he
[10:58] {Threei} great feel
[10:58] {dino} stopped +2.00
[11:00] {Threei} you out tom?
[11:00] {tomg} yes, ty vad
[11:00] {Threei} dino... +2 is not stopped :)
[11:02] {dino} lol, well it hit my stop :)
[11:02] {Threei} I know... it's just word stopped is loaded with negative connotation :)
[11:03] {magoo} amazes me is dino trades in dollar scalps
[11:04] {dino} reverse your thinking (as you taught me). stops are good
[11:04] {Threei} matter of taste mags... one likes watermelon, another likes roasted pig tails
[11:05] {magoo} what theeeee????
[11:05] {magoo} confusing mags
[11:06] {dino} pork rinds
[11:06] {Threei} 10 break was long according to chart but I really didn't want to get you into that
[11:06] {Threei} risk is enormous
[11:06] {Threei} look at POT
[11:06] {Threei} sheesh
[11:08] {dino} say no to drugs vad
[11:08] {Threei} lol
[11:08] {dino} march support 134, then jan 107ish
[11:09] {dino} ma messing w/yesterdays' lod
[11:11] {dino} cyn sm s .20
[11:13] {Threei} LEH
[11:13] {Threei} REPORTEDLY DISCUSSIONS WITH KDB HAVE ENDED; ALSO DISCUSSING OPTIONS WITH STRATEGIC INVESTORS, THE RESULTS OF WHICH WILL BE ANNOUNCED NEXT WEEK
[11:13] {Threei} - note: conflicts with the earlier report stating talks with KDB continue
[11:13] {Threei} nor fresh
[11:15] {Threei} SPOKESPERSON DECLINES COMMENT ON SHARE PRICE ACTION THIS MORNING
[11:18] {Threei} can I comment for him?
[11:18] {Threei} LEH HEARING DEFENDED AT CITIGROUP (TIMING UNCERTAIN)
[11:18] {Threei} lol
[11:26] {dino} cyn stopped -.37
[11:29] {Threei} tough decision... LEH chart gave long signal a few times but I just can't bring myself to do it
[11:32] {magoo} i'll do it..where?
[11:32] {Threei} off 10
[11:32] {Threei} chart says so... but if any news hits...
[11:34] {Threei} retest is not very good
[11:36] {Threei} I don't know mags... eaither keep stop under 9.90 or just cut it lose on this spike
[11:36] {Threei} no way to tell
[11:37] {magoo} ok
[11:37] {magoo} vad, any recent news goog
[11:38] {Threei} nothing worth mention
[11:41] {magoo} than dont mention it lol
[11:42] {magoo} out leh flat
[11:42] {magoo} scaring me
[11:43] {Threei} can't blame you
[11:43] {Threei} this is the situation where any line in the news can send it either way in a hurry
[11:45] {dino} sm l ilmn .21
[11:47] {Threei} we had a very good morning. I intend to switch if profit preservation mode, becoming very picky and controlling risk tighter than KGB controls lose cannon journalists
[11:47] {Threei} if = to
[11:47] {Chaeron} lol... GM all
[11:47] {Threei} chaeron :)
06[11:48] * magoo slaps Chaeron around a bit with a large trout
[11:48] {Threei} LEH
[11:48] {Threei} FED DECLINES COMMENT ON SHARE PRICE DECLINE
[11:48] {magoo} like they can control that
[11:48] {Threei} can it be read as "it's not deemed too big to fail"?
[11:48] {magoo} not confidence inspiring
[11:49] {magoo} news RIMM vad?
[11:49] {Threei} nope
[11:52] {magoo} good out leh huh?
[11:52] {Threei} oh yeah
[11:53] {Threei} this is not a time to be sloppy with stops
[12:01] {magoo} sh rimm small .90
[12:01] {Threei} LEH
[12:01] {Threei} SEC DECLINES COMMENT ON SHARE PRICE ACTION
[12:01] {Threei} hmmm
[12:01] {Threei} I want top see PETA declining to comment in share price action
[12:01] {Chaeron} they're next up on the list aren't they?
[12:03] {Threei} well, when weak animal is being thrown out on predators mercy, don't you expect PETA to express their opinion?
[12:04] {magoo} wait .69
[12:06] {magoo} stop .17
[12:06] {magoo} small
[12:07] {magoo} not cutting .69
[12:07] {magoo} lower feels
[12:10] {dino} out ilmn +1.00 at .21
[12:10] {dino} wow, what a spike
[12:10] {dino} now that was luck
[12:11] {Threei} no kidding
[12:11] {dino} all that clean living
[12:11] {Threei} lol
[12:12] {dino} payback for yesterdays uaua f job
[12:13] {magoo} covered rimmhere .39
[12:13] {magoo} 12:01] {magoo} sh rimm small .90
[12:14] {dino} gj
[12:20] {Threei} hmm... LEH break of 9...
[12:20] {Threei} hard to tell guys
[12:20] {Threei} on your own discretion
[12:20] {Threei} looks tempting
[12:20] {Threei} risk sure is big
[12:21] {Threei} 9.15 upper limit
[12:21] {Threei} maybe modest shares
[12:23] {Threei} the longer it can't break over .15 the better breakdown setup is
[12:23] {Threei} broke... off for now
[12:24] {Threei} on again
[12:24] {Threei} lol
[12:25] {Threei} HOUSE MAJORITY LEADER DISCUSSING PROVIDING FUNDS FOR AUTO INDUSTRY
[12:25] {Threei} {GM F}
[12:25] {Threei} GM spike
[12:26] {Threei} had enough of bailouts yet?
[12:27] {Threei} - Discussions focus on providing $25B in loans. Notes timing has not been settled on, but that the amount could rise
[12:27] {dino} algt
[12:29] {Threei} heat increases on LEH
[12:30] {dino} at this rate the gov't will own everything in a year.
[12:30] {dino} they need to let them fail or file bankruptcy
[12:31] {Threei} no kidding
[12:31] {Threei} moral hazard full blast
[12:31] {dino} cracks me up, most of upper management keeps their jobs too. what the heck, they got us into these messes
[12:33] {dino} i know, lets' wipe out the suckers "(shareholders) and keep our jobs
[12:34] {Threei} really amazes me
[12:34] {Threei} poor Ayn Rand
[12:34] {Threei} everything was in vain
[12:34] {dino} and the politicians claim the are for the little guy....seems to me the little guys' pension/retirement plans/mutual funds, are getting the brunt of it
[12:35] {Threei} that was major claim that excused all the action that runied the country in the book I just referred to
[12:35] {Threei} little guys have to be given a chance
[12:36] {Threei} first who names the book obtains a prize to be determined yet
[12:36] {peterg} atlas shrugged
[12:36] {Threei} hint: Who is John Galt?
[12:36] {dino} and big guys need to be thrown out, without golden parachutes, when they mess up
[12:36] {Threei} peter :)
[12:36] {peterg} fountainhead
[12:36] {dino} geeze, fnm, fre ceo's are getting millions to walk
[12:36] {dino} why!!!!!!!!!!!!!!!!!!!!!!!!
[12:37] {peterg} Former head of home depot, now chrysler
[12:37] {peterg} my favorite hit man
[12:37] {peterg} whats his name
[12:37] {peterg} toxic jerk
[12:37] {Threei} umm
[12:38] {Threei} which of these is first name and which is lasdt
[12:38] {magoo} calm down dino
[12:38] {peterg} Narcussus?
[12:38] {magoo} ranyting here
[12:38] {peterg} Nardelli
[12:38] {peterg} lol vad
[12:39] {dino} i know, but when i mess up, i take a hit, they get rewarded
[12:39] {peterg} s*** runs downhill
[12:40] {peterg} little guys get it for Abi Gharaib
[12:40] {peterg} want to see Cheney behind bars
[12:40] {peterg} I have only just begun to rant
[12:41] {Threei} I just want to stay away from hunting with him
[12:41] {peterg} famous patriot admiral so an so's statement, John Paul Jones
[12:41] {peterg} good idea
[12:42] {Threei} OK LEH
[12:42] {magoo} hes nothing..u should hunt with our club lol
[12:42] {Threei} feel free to start covering
[12:42] {Threei} IMO, it's not done dropping
[12:43] {dino} isys stop to .40
[12:52] {Threei} what does this mean:
[12:52] {Threei} LEH
[12:52] {Threei} US TREASURY NOTES THAT THEY STAY IN TOUCH WITH WALL STREET FIRMS ON A REGULAR BASIS
[12:53] {dino} they have been loaning all the brokers money since april 3i, discount window
[12:53] {Threei} yes
[12:53] {dino} thats what it means
[12:53] {dino} they are watching and scared
[12:54] {Threei} ok... you are good at this, and I think I know why
[12:54] {Threei} you have to decode magoo=speak every day
[12:54] {Threei} can't be easy
[12:54] {dino} lol
[12:54] {magoo} that does it
[12:54] {Threei} and sure is great training
06[12:54] * magoo slaps Threei around a bit with a large trout
[12:54] {Threei} hehe
[12:54] {Threei} I know I walked right into it
[12:54] {dino} i just don't trust.....simple as that
[12:57] {Threei} who is/was bigger, BSC or LEH?
[12:57] {Threei} anyone knows?
[12:57] {magoo} leh my guess
[12:58] {magoo} who bigger?vad or dino anyone
[12:58] {Threei} so... too big to fail still applies?
[12:58] {dino} bsc
[12:59] {dino} isys to .49
[13:00] {dino} out isys .49, +.53
[13:04] {Threei} IRANIAN OIL MINISTER: WOULD AGREE IF OPEC REACHES CONSENSUS TO HOLDING OUTPUT STEADY
[13:07] {dino} iclr sm l .80, thin
[13:08] {magoo} vad..u think we goping green
[13:09] {dino} what does it matter?
[13:13] {Threei} doubt it
[13:13] {Threei} (EU) FRENCH FINANCE MIN LAGARDE: EU SHOULD HAVE A COORDINATED RESPONSE TO HIGH ENERGY PRICES
[13:13] {Threei} - The worsening economic outlook is a challenge for the entire EU.
[13:14] {Threei} read: we need to think of less dependancy on Russia
[13:15] {dino} which reads: more nuclear, as its the french
[13:19] {Threei} you think you know everything about how stupid people can be? read this then:
[13:19] {Threei} http://www.telegraph.co.uk/news/worldnews/europe/france/2712363/French-President-Nicolas-Sarkozy-friend-says-911-was-a-lie.html
[13:27] {magoo} man..another smack down
[13:27] {dino} ok, who's on natural gas for home heat? and do you like it. conversion cost about $2100
[13:28] {Threei} look at AAPL mags
[13:28] {Threei} just announced that launch
[13:28] {Threei} and got killed
[13:28] {Threei} jujst as I said it would
[13:29] {magoo} u know..your comments kept me out thisa morning andd all day..thanx
[13:29] {dino} hmmm, now i know somebody uses gas
[13:30] {Threei} lol
[13:35] {dino} tighten iclr to .66, no mkt help
[13:35] {dino} brb
[13:42] {magoo} rimm outta catch up in the crash departmt
[13:43] {magoo} vad AAPL
[13:43] {dino} ouch fwlt
[13:45] {Threei} I doln't even want to try mags
[13:45] {Threei} it's a recipe for many stops
[13:47] {magoo} no i meant holy shit
[13:47] {Threei} that I agree with
[13:48] {magoo} seriously..i thought it was ready for big up day after recent tech pounding..good read/call
[13:48] {Threei} techs are too out of favor still
[13:48] {dino} iclr stopped ave. .68, -.12
[13:48] {magoo} rimm still could reach 99 today NOT A TRADE CALL
[13:49] {magoo} f it..sh rimm .20 200 shares
[13:51] {magoo} out
[13:51] {magoo} had too
[13:52] {Threei} you gotta do what you gotta do
[13:52] {magoo} luynch money
[13:52] {Threei} lynch money??
[13:52] {Threei} dino, who does he lynch for money?
[13:52] {dino} dk, but i'm looking for my wallet
[13:53] {Threei} you better
[13:53] {Threei} watch your back too
[13:53] {magoo} those ropes dont last forever vad he he
[13:53] {dino} all of the sudden that life policy comes to mind
06[13:53] * Threei slaps laserdave1 around a bit with a large trout
06[13:53] * magoo slaps laserdave1 around a bit with a large trout
06[13:53] * magoo slaps Roman around a bit with a large trout
06[13:54] * magoo slaps patience around a bit with a large trout
06[13:54] * magoo slaps _csepulve33 around a bit with a large trout
[13:54] {patience} good morning to you as well magoo :)
[13:54] {magoo} :)
[13:55] {dino} algt sm s .86, stop .21
[13:57] {laserdave1} market still nuts
[13:58] {Threei} cashews and almonds
[13:58] {laserdave1} leh
[13:58] {laserdave1} are they going bankrupt?
[13:59] {dino} the way of bear sterns it looks like
[14:06] {dino} watching axys
[14:06] {dino} and afam
[14:08] {magoo} styock holders afraid LEH will go to zero..the've seen it before
[14:08] {Threei} XOMA
[14:08] {Threei} RECEIVES 6 YEAR $65M BIODEFENSE CONTRACT TO ADVANCE DRUG CANDIDATES AGAINST BOTULISM TOXINS INTO CLINICAL TRIALS
[14:08] {Threei} - Note Co reports approx $80M in annual revenues
[14:08] {Threei} - The contract is the third that NIAID has awarded to XOMA for the development of botulinum antitoxins and brings the program's total to nearly $100M
[14:08] {laserdave1} if leh gets under 8.90 watch out bleow
[14:09] {dino} cov algt .44, +.42
[14:09] {dino} correct that slipped to .49, +.38
[14:14] {laserdave1} leh is just nuts
[14:14] {laserdave1} no call now
[14:14] {magoo} vad..we shouild watch qid as a short
[14:15] {laserdave1} i will short if it breaks 8.80 now
[14:16] {Threei} why mags?
[14:16] {Threei} you think it's bounce time?
[14:16] {magoo} i feel a q bounce forthwith
[14:16] {laserdave1} i have bid leh in case big bar down
[14:16] {laserdave1} 8.31 to cover
[14:17] {_csepulve33} maybe more selling pressure on SP
[14:18] {laserdave1} leh just cut through massive size at 8.75 like butter
[14:18] {laserdave1} this thing is nuts
[14:18] {magoo} i took it
[14:18] {Threei} good call dave'
[14:19] {magoo} covered .67
[14:19] {laserdave1} thanks i have cover at .31 in case big bar down
[14:19] {laserdave1} i figure it will get support around 8$
[14:19] {laserdave1} my low of day on laser says 8$
[14:19] {laserdave1} but hard to tell on chart
[14:20] {laserdave1} out half
[14:20] {laserdave1} dont want to see it goto waste
[14:21] {laserdave1} other half still .31
[14:21] {laserdave1} if it breaks .50 should get the fill
[14:23] {laserdave1} if .65 becomes bid i am geting out
[14:24] {laserdave1} out all now
[14:24] {laserdave1} still might go down
[14:24] {laserdave1} but needed that one
[14:32] {Threei} FNM eh?
[14:32] {dino} axys sm l .25
[14:34] {_csepulve33} more selling on spy
[14:37] {Threei} HEAD OF PAKISTANI AL-QAEDA KILLED BY MISSILE - CNN
[14:37] {dino} good
[14:38] {dino} cetv
[14:38] {magoo} remember when that would move markets
[14:38] {Threei} yeah, no kidding
[14:43] {dino} gap fill cme
[14:44] {dino} dji 11241 area for gap fill
[14:49] {dino} cetv partial fill l .30
[14:49] {dino} risky, like a hot knife though butter
[14:51] {dino} i guess we are back to the daily 300 pt range
[14:55] {_csepulve33} down again spy
[14:57] {laserdave1} violence LEH againd
[14:59] {Threei} 8.27 low so far
[14:59] {Threei} 8 is coming?
[15:01] {laserdave1} i think so
[15:01] {laserdave1} relentless pressure
[15:02] {Threei} SAUDI OIL MINISTER: OIL MARKET IS UNDER THE SWAY OF FUNDAMENTALS, WOULD SUPPORT A NOVEMBER MEETING IF OPEC AGREES TO ONE
[15:02] {Threei} - Not concerned by the fall in oil prices.
[15:02] {Threei} - Sees no need for concern about over supply until early next year.
[15:02] {Threei} - Extra Saudi crude helped avoid a worse oil shock.{USO}
[15:02] {Threei} here we are
[15:02] {laserdave1} LEH extreme violence
[15:02] {Threei} awww
[15:02] {Threei} covered too soon again
[15:04] {laserdave1} me too
[15:04] {laserdave1} haha
[15:04] {laserdave1} so hard with the volume like this
[15:04] {laserdave1} do i here 7$ anyone
[15:04] {laserdave1} i am not calling that
[15:04] {laserdave1} just saying it could go there
[15:04] {laserdave1} i am flat
[15:05] {magoo} 6.89
[15:33] {dptl} have a good evening all:)
[15:33] {Threei} take care dp
[15:35] {dino} cya dp
[15:42] {Threei} gosh LEH... what a finish
[15:45] {Threei} can you imagine what happens in offices of LEH and all involved today?
[15:46] {Threei} T. BOONE PICKENS: EXPECTS DEMAND TO RESPOND TO LOWER PRICE, OIL WILL STAY ABOVE $100/BBL - CNBC COMMENTS
[15:46] {Threei} {USO}
[15:46] {Threei} uhhu
[15:47] {dino} i imagine they are talking to gs
[15:47] {Threei} CFTC REPORTEDLY CONSIDERING THE MANDATE FOR BANKS TO REPORT ENERGY SWAPS TIED TO ENERGY FUTURES - UNCONFIRMED REPORT
[15:49] {judijim} we'll be back tomorrow, have great rest of the day
[15:50] {Threei} take care jj :)
[15:57] {Threei} lordy.. oil 102??
[16:00] {Onix} take care all, bye
[16:01] {Threei} thank you all
[16:01] {Threei} very nice day
[16:01] {Threei} have a great evening
[16:01] {Threei} see you tomorrow
[16:01] {peterg} so long
[16:01] {dino} well, gap filled
[16:04] {magoo} ty vad

Sep 08 2008

Session Time: Mon Sep 08 00:00:00 2008
[08:26] {magoo} morning
[08:30] {Threei} CLNE
[08:30] {Threei} TO ACQUIRE FUELMAKER, NATURAL GAS FUELING APPLIANCES MAKER FROM HONDA
[08:30] {Threei} Good morning
[08:31] {magoo} hi vad
[08:31] {Threei} do you have any other words this morning but "holy mackerel"?
[08:32] {magoo} really...i tried to get in office to beat that big gap
[08:32] {magoo} but it hit aroiund 8 am
[08:32] {magoo} got here 8.20
[08:32] {Threei} you wouldn't anyway
[08:32] {Threei} things just open where they are
[08:33] {Threei} unless you were long from Fri close, it's a waste
[08:33] {esemde} morning...wow DJ up 2 billion
[08:33] {Threei} ese :)
[08:34] {esemde} can't recall the last time I saw it up like that.....on sunday even .....261pts
[08:34] {esemde} morning vad.....nice day here yesterday
[08:34] {Threei} well... these are times with probably no precedent
[08:35] {Threei} gorgeous weather
[08:36] {esemde} yes indeed ...lending people money who don't have the ability to pay it back.....
[08:38] {Threei} and then bailing lenders out with money of those who still can pay
[08:39] {Threei} WB looks the strongest among financials
[08:39] {esemde} they would have flunked the finance classes that i took anyway.....
[08:40] {Threei} my perception is, it's not even about finance
[08:41] {Threei} it's about major philosophy/ideology
[08:41] {Threei} it's a capitalism vs socialism issue
[08:42] {esemde} hmmmmmmm you've got me there....how do you figure
[08:42] {Threei} well... we let people and companies live with the outcomes of their own decisions,
[08:42] {esemde} yes that should be what happens
[08:43] {Threei} or we invoke govt's power to take money from responsible and bail out irresponsible
[08:43] {esemde} got it...
[08:43] {Threei} first is capitalism, second is redistribution of wealth on the base of need,
[08:43] {Threei} granted unearned to those who didn't esrned
[08:43] {Threei} earn
[08:46] {esemde} wachovia hasn't really been in as much trouble as some of the other banks has it
[08:46] {Threei} I guess
[08:46] {Threei} all banks gap up but most retreat a little
[08:46] {Threei} not WB
[08:47] {brian3579} gm all
[08:47] {Threei} brian :)
[08:47] {esemde} Life of brian....good morning
[08:48] {magoo} i don't see it..if i stop paying my mortgage today the gov't isn't going to save my home for me..or is it?
[08:48] {esemde} vad will.....???
[08:49] {Threei} lol
[08:52] {Threei} FRE/FNM are halted till market open
[08:53] {Threei} 07:00am [ALTI] Altair Nanotechnologies Develops Revolutionary Battery for U.S. Navy
[08:55] {esemde} How bout Detroit Electric making a comeback....read the story on the weekend.....will be producing electric cars
[08:56] {brian3579} I got engaged this weekend is it normal for her to keep walking by the computer and checking my account balance?
[08:56] {esemde} in Belgium???Holland???
[08:56] {esemde} ha ha ha ha
[08:56] {Threei} lol brian
[08:56] {Threei} congratulations anyway :)
[08:56] {brian3579} ty
[08:56] {esemde} congrats for sure!!!
[08:57] {cosmo} BIOD
[08:57] {esemde} come on a honey moon to Victoria BC
[08:57] {brian3579} sounds good
[08:58] {Threei} 03:00am [BIOD] Releases preliminary results of pivotal {hase III clinical trials for VIAject
[08:58] {Threei} nice haircut
[08:59] {cosmo} it needs 8 (soon) on the bounce
[09:01] {cosmo} hmmm...looks more like a beheading...
[09:03] {Threei} ABK
[09:03] {Threei} RECEIVES REGULATORY APPROVAL TO SUPPORT OBLIGATIONS OF ITS INVESTMENT AGREEMENT BUSINESS
[09:03] {Threei} - State of Wisconsin, Office of the Commissioner of Insurance (OCI) has approved up to $1 billion in future intercompany asset sales and secured lending transactions between Ambac Assurance Corp. (Ambac Assurance) and its Investment Agreement business affiliates which when combined with an existing approval of $200 million in secured lending transactions will enhance the liquidity within Ambac's financial services segment. Any transactions undertaken pursuant to these approvals will be executed on an arms-length basis and in accordance with Ambac Assurance's investment guidelines.
[09:05] {esemde} wow biod...huge plunge ...this one is for dino for sure
[09:07] {cosmo} BIOD: ...announces reliminary results of pivotal Phase III clinical trials for VIAject; meets primary endpointBriefing.com(Mon 7:30am)
[09:07] {peterg} gm all, congratulations ese!
[09:08] {Threei} peter :)
[09:08] {cosmo} ETFC pre mkt high = 3.73 fwiw
[09:09] {Onix} gm all
[09:09] {Threei} onix :)
[09:11] {pita} gm all
[09:11] {Threei} pita :)
[09:13] {esemde} morning peter....it's not getting marriged...it's brian
[09:14] {fernp} good morning all
[09:14] {Threei} fern :)
[09:14] {peterg} aha! congratulations Brian!
[09:14] {brian3579} ty
[09:19] {Threei} more selling BIOD
[09:20] {cosmo} # Biodel's diabetes drug VIAject meets goalsat Reuters(Mon 7:42am)
[09:21] {Threei} FEED
[09:21] {Threei} DISCUSSES EFFECT OF DECLINING COMMODITY PRICES ON BUSINESS
[09:21] {Threei} - AgFeed Benefits from Declining Commodity Prices and China's Harvest of New Crops
[09:21] {Threei} - Corn and soy bean meal are two major feed input costs for hog production. China is currently experiencing a year of good harvest in both domestic corn and soy bean crops. Prices for both commodity products have continued to decline and AgFeed is currently seeing expanded profit margins on hog production.
[09:21] {Threei} - Hog prices in our target markets of South China have increased steadily since cooler weather conditions in the fall and winter seasons are typically the strongest pork consumption months in China. Demand for live hogs continues to be strong. Market hogs are currently sold at more than $240 each based on 110kg in average weight
[09:21] {Threei} I don't get it cosmo
[09:21] {Threei} I read twice full text
[09:22] {cosmo} me too
[09:22] {Threei} couldn't see anything about failure
[09:22] {cosmo} hmmm
[09:22] {Threei} Based on the initial analyses, both clinical trials met the primary endpoint
[09:23] {Threei} there is a lot of non-understandable scientific drivel
[09:23] {Threei} I guess something in it is a hidden "we failed"
[09:23] {dino} gm all
[09:24] {Threei} dino :)
[09:24] {dino} so they finally did it
[09:24] {Threei} yup
[09:25] {Threei} opening is likely to be beyond volatile
[09:25] {Threei} I intend to wait it out, let the dust settle
[09:27] {dino} congrats brian....and yes, they take a more though financial interest. all the best
[09:28] {brian3579} ty
[09:28] {tomg} gm all
[09:28] {Threei} tom :)
[09:28] {judijim} good morning everyone
[09:28] {Threei} jj :)
[09:29] {dino} this is one heck of a gap that will need to be filled, imo
[09:29] {cosmo} ETFC 3.73 test ...at some point
[09:30] {Threei} FNM opens under 1.50
[09:30] {dptl} good morning all
[09:30] {Threei} dp :)
[09:30] {Threei} FRE under 1
[09:32] {Threei} Long Setup: CLNE 20 if holding above 19.80
[09:33] {patience} short covering day, still think dow will drop below 11k when sense comes back to the market and good morning to you all :)
[09:33] {Threei} patience :)
[09:35] {peterg} so vad u r saying buy sign is .20 if holds above .80;
[09:35] {peterg} aggressive buy would be now
[09:35] {Threei} $20
[09:35] {Threei} not .20
[09:35] {Threei} right
[09:35] {peterg} ah
[09:35] {esemde} caty....
[09:36] {dino} watching 11790 area patience, we are starting to think alike
[09:36] {esemde} couldn't find a place to get in
[09:36] {esemde} man
[09:36] {patience} world has gone mad dino
[09:37] {patience} bought agrium last week at 77 (cdn), now at 84
[09:37] {dino} robert marcin: rejoicing over failure, think thats about right
[09:37] {Threei} Long Setup: WB .66
[09:37] {Threei} stop .49
[09:45] {pita} next support WB?
[09:46] {Threei} about 18.50
[09:46] {Threei} FRE and FNM big bounces
[09:48] {Threei} and just as big pullbacks
[09:50] {dino} worthless in the end imo
[09:50] {dino} mbhi not participating
[09:53] {Threei} don't rush to buy WB
[09:53] {Threei} let it stabilize
[09:53] {dino} don't rush anything, we're already down 110 pts from open
[09:54] {Threei} yeah
[09:55] {Threei} bounce time
[09:55] {Threei} .51 long WB
[09:55] {Threei} if holding above .40
[10:01] {dino} auth, biod
[10:09] {Threei} RIMM bounce time IMO
[10:09] {Threei} 107 break trigger
[10:10] {Threei} low of this pullback will establish stop
[10:12] {Threei} no worky
[10:13] {Threei} US GOVT. TO DELAY A NUCLEAR AGREEMENT WITH RUSSIA
[10:16] {dino} scanner all red
[10:16] {Roman} i don't agree dino
[10:16] {Roman} QIL is green
[10:17] {Roman} QLD
[10:18] {Threei} can'ty find a decent play so far, a lot of volatility with no readable setups
[10:18] {dino} my scanner rfr
[10:19] {fernp} PMTC Vad?
[10:20] {Roman} market bounces strong here IMO
[10:23] {Threei} 21 would be trigger fern
[10:24] {Threei} would like it hol 20.80
[10:24] {fernp} ty
[10:26] {cosmo} ETFC holding 3.50 ....so far...
[10:26] {cosmo} testing
[10:26] {cosmo} fyi
[10:30] {dino} af sm s .14
[10:31] {dino} wfsl sm s .61
[10:32] {dino} stalking cyn too
[10:32] {Threei} market looks ready for recovery but heck, which stock is to follow
[10:32] {Threei} can't find a worthy candidate
[10:33] {Roman} WB
[10:34] {Threei} .51/
[10:34] {Threei} ?
[10:34] {Roman} i am buying here
[10:34] {Roman} 18.41
[10:35] {Roman} the rinses are great
[10:35] {Roman} let's of fun
[10:35] {magoo} if IF mkt bounces hard..aapl should go green imo
[10:36] {Roman} magoo, just tell me where to buy
[10:36] {Roman} i will go with you with my eyes closed
[10:37] {Roman} you are one of the luckiest bastards on the planet earth
[10:38] {Roman} in WM
[10:38] {Roman} looks like a minu capitualtion here
[10:38] {Roman} 4.05
[10:39] {magoo} GREEN
[10:39] {magoo} that was buck fitty
[10:40] {magoo} from mention
[10:41] {magoo} now..i would think if mkt continues upo...rimm would get green BUT BUT..rimm has sucked lately
[10:42] {Threei} (RU) RUSSIAN PRES MEDVEDEV: WILL PULL TROOPS FROM SOUTH OSSETIAN ZONE ASSUMING AN INTERNATIONAL FORCE IS PLACED IN ABSENCE, WILL PULL PEACEKEEPERS FROM 5 ZONES NEAR THE PORT OF POTI
[10:43] {Roman} stopped WM -.20
[10:45] {dino} cyn sm s .04
[10:47] {Threei} 1.20 is acting as a strong resistance on FRE
[10:48] {Threei} looks like .21 will be worth a try for a scalp
[10:48] {Threei} if loses 1.10, likely to dive under 1
[10:50] {Roman} out WB -.08
[10:51] {Threei} wow, look at LEH crash
[10:51] {dino} isys
[10:56] {dino} rumor the deals fell apart
[10:56] {dino} leh that is
[10:57] {Chaeron} Good morning all
[10:57] {Threei} chaeron :)
[10:57] {Roman} UAUA ?
[10:58] {dino} what did you call me?
[10:58] {dino} :)
[10:59] {Threei} don't see news
[10:59] {dino} -150 from hod
[10:59] {Roman} UAUA UAL Corp. files for Ch. 11 to cut costs by 20%, according to CEO Tilton - Bloomberg (8.52 -3.80)
[10:59] {Threei} oh boy
[10:59] {Roman} cal
[10:59] {Threei} shortable still
[11:00] {Roman} CaL
[11:01] {dino} amr w/it
[11:01] {Threei} looking to short UAUA
[11:01] {dino} v sm s uaua .00 wide
[11:01] {dptl} holyy..all air lines
[11:02] {dino} ndx red
[11:02] {Threei} missed near 6
[11:02] {Threei} not sure now
[11:02] {Threei} such bounce for a bankrupt?
[11:02] {Threei} something's wierd
[11:02] {dino} pcln v sm l .30 wide
[11:02] {Threei} is it a rumor?
[11:03] {dino} forgot i had it out there
[11:03] {Threei} HEARING FILES CHAPTER 11 - UNCONFIRMED REPORT
[11:03] {Threei} {CAL DAL LUV}
[11:03] {Threei} wow
[11:05] {Threei} have you ever sen anything like this?
[11:05] {dino} is it filed or not? can't find it
[11:05] {dptl} amasing
[11:05] {Threei} no idea, my news says unconfirmed
[11:07] {Threei} halt?
[11:07] {Threei} trading stopped on UAUA
[11:07] {dino} halted
[11:07] {Threei} UAUA DENIES BANKRUPCTY
[11:07] {dino} watching amr
[11:08] {dino} cov wfsl .21 +.40
[11:08] {dptl} last trade 0.01?
[11:09] {dptl} uaua
[11:09] {dptl} on my t&s
[11:13] {Threei} 9.91
[11:13] {esemde} serious blow if it is bankrupt
[11:13] {Threei} 8.97, sorry
[11:13] {esemde} my quote is the same as dp's .01
[11:14] {Threei} CNBC'S FABER: A STORY POSTED ON CHICAGO TRIBUNE WAS A FOUR YEAR OLD STORY ABOUT UNITED'S PRIOR BANKRUPTCY
[11:14] {Threei} HALTED: SPOKESPERSON DENIES REPORTS OF BANKRUPCTY, CALLS STORY "A RUMOR"
[11:15] {dptl} wierd ..do you see 7.17 and7.99 1000s 7.93 4000s?
[11:16] {Chaeron} I do dp
[11:16] {Threei} yes
[11:16] {Threei} switchred sourse of T&S, see them now
[11:17] {Threei} 100 shares ar .01
[11:17] {Threei} I'd guess some trades will be broken
[11:17] {fernp} 11:13 UAUA UAL Corp: CNBC commentator says a story on bankruptcy is a 4 year old story, co says that it is completely and totally untrue
[11:17] {dptl} ye and last one is 0.01 100s lol....
[11:18] {dptl} that is good entry eh?
[11:19] {Threei} lol
[11:19] {Threei} too bad just 100 shares
[11:19] {dptl} no kiding :)
[11:20] {Threei} jeez... how many bags of popcorn does one need for today?
[11:21] {Threei} seriously... I thought I've seen it all
[11:27] {esemde} and the week is just getting started....
[11:28] {dino} may you live in interesting times
[11:29] {Chaeron} weel, look at your time and sales on UAUA dp... wish that was me that bot the 100s @ 0.01 and sold @ 999.99 :))
[11:30] {dino} cedc sm l .85
[11:30] {Threei} that wasn't you chaeron??
[11:30] {Chaeron} if it wasn't me and it wasn't you... it must have been...................... MAGOO!
[11:31] {dptl} lol Chaeron..
[11:31] {Threei} he did good
[11:31] {esemde} you all are a barrel of laughs....
[11:32] {Threei} for the sake of those who sold or shorted on this bs, I hope trades in low prices get broken
[11:32] {esemde} look at what happened to my long in NVDA ....some goof of an analyst
[11:32] {Threei} and knucklehead behind the idiotic rumor gets jailed
[11:33] {esemde} downgraded it to neutral today
[11:33] {esemde} not sell....or get the heck out but neutral
[11:34] {esemde} WHATEVER!!!!!!!!
[11:34] {peterg} & I was about to buy the rest of the float
[11:35] {Threei} NASDAQ MarketWatch is investigating potentially erroneous transactions involving the security UAL Corp executed between 10:55:00 and 11:08:00 ET today. MarketWatch will advise with details as soon as available.
[11:35] {dino} cov cyn .14, +.90
[11:36] {peterg} attaboy dino
[11:36] {dino} ty peter, lucky
[11:38] {dino} joyg destruction continues
[11:39] {dino} ma
[11:40] {dino} cedc stopped .60 -.25
[11:49] {dino} wow, for a big up day, the stuff i watch is pretty much down
[11:49] {Chaeron} you must be looking at my screens dino
[11:49] {dino} altho naz is negative now
[11:50] {dino} -2% from open
[11:51] {dino} feels like tuesday all over again
[11:53] {dino} ma -6, rimm -6, drys -3, fwlt -3, chk-2, spwr -3, etc
[11:54] {dino} gs going to go neg
[11:55] {peterg} leh slides further
[11:57] {Threei} hard to believe
[11:58] {dino} cedc rinsed
[12:01] {dino} npsp
[12:06] {Chaeron} $1.00 wall of fRE getting eaten
[12:07] {esemde} signing off ...have a g4reat day see you tomorro32w
[12:07] {Chaeron} bye ese
[12:07] {esemde} CHYHHHH
[12:07] {Threei} NASDAQ : TRADES FROM 10:55AMET TO 11:08AMET WILL STAND
[12:07] {Threei} take care ese
[12:07] {Chaeron} heh
[12:18] {Threei} UAUA opens at 12:30
[12:22] {Threei} SSUES FORMAL RELEASE DENYING RUMORED BANKRUPTCY, NOTES THE COMPANY CONTINUES TO HAVE STRONG LIQUIDITY
[12:22] {Threei} I doubt it opens where it shows quotes right now
[12:22] {Threei} but if it does... it's a good entry
[12:24] {Threei} RIMM
[12:24] {Threei} HEARING POSITIVE COMMENTS OUT OF CANNACORD ADAMS
[12:26] {Threei} bid 11.10
[12:26] {dino} gtls sm l .86
[12:29] {Threei} wierd repositioning
[12:30] {dino} fmcn sm l .00
[12:34] {dino} pretty much screwed on my uaua short, cov -.6
[12:34] {dino} 6.
[12:36] {Threei} can't believe they haven't broken trades
[12:36] {Threei} saw them doing that in less clearcut cases
[12:38] {dino} same here, whenever i win big on them they cancel, c'mon 999.99-.01
[12:38] {Threei} no kidding
[12:38] {dino} you know, the stuff that was illegal a year ago, now happens daily
[12:39] {dino} case in point fnm, fre, leh, etc, "our capital is fine...no shorts allowed...etc"
[12:39] {dino} you watch 30 days from now uaua will issue the bankruptcy statemernt
[12:41] {Threei} you mean Chicago Tribune was not 4 years late but rather 1 month early on that report?
[12:41] {dino} at least they busted enron for these false statements
[12:41] {dino} yes 3i, watch and see
[12:48] {Threei} Long Setup: CLNE .50 break if stays above .35
[12:51] {dino} tighten gtls to .35
[12:52] {Threei} Long Setup: LEH 14.15 if stays above 14
[12:53] {dino} out gtls +.46 slipped
[12:53] {Threei} if NQ breaks 1760 LEH should be good for 1:2
[12:57] {Threei} come on LEH
[12:57] {Threei} MER and JPM spike
[12:58] {dino} ilmn sm l .00
[12:59] {dino} brb
[13:00] {Threei} sigh
[13:00] {Threei} stopped
[13:01] {Threei} is anything going to work today?
[13:10] {dino} i wonder, the talking heads stated we are out of bear market this a.m.; what do they think now
[13:12] {dino} because i'm not sure a neg. naz qualifies
[13:12] {peterg} DJ still up 160
[13:12] {peterg} wow
[13:12] {peterg} full bull
[13:13] {peterg} ahead
[13:13] {cosmo} 'full of...'
[13:13] {peterg} yep
[13:13] {cosmo} :)
[13:14] {Threei} TRIBUNE COMPANY IS REPORTEDLY LOOKING INTO THE ERRONEOUS POSTING OF THE OLD UAL CORP STORY
[13:14] {dino} the other q is, tues. blow off top 11790, today 11570; hmmmm
[13:14] {Threei} jeez
[13:15] {peterg} TRIBUNE REPORTS EARTH IN DANGER FROM IMMINENT COMET STRIKE
[13:16] {Chaeron} so short everything?
[13:16] {peterg} right!
[13:16] {Threei} maybe wait for denial
[13:16] {Threei} they will halt Earth
[13:16] {Chaeron} don't laugh... they think they have the power
[13:17] {cosmo} they?
[13:17] {Threei} sorry... THEY
[13:17] {Chaeron} you know.... "them"
[13:18] {dino} "they" are part of sarah lee
[13:18] {cosmo} every time I think about this, I come up with 'us'
[13:19] {Threei} that;s deep
[13:19] {dino} cosmo, you should know about the comet
[13:19] {cosmo} yea...checking
[13:20] {dino} ty
[13:20] {dino} sm l cedc last try
[13:20] {dino} .00
[13:22] {Threei} OPEC PRESIDENT: CARTEL WILL DISCUSS DECISION ON WHETHER OR NOT TO CUT OUTPUT AT MEETING TOMMOROW
[13:22] {Threei} - Notes that the oil market may be oversupplied at year end, an oversupply of between 500K bpd 1.5M in early 2009, oil stocks 'healthy'
[13:22] {Threei} - Remarks that all options are open, including a cut
[13:24] {dino} af bstop to b/e
[13:26] {Threei} CLNE invalidated
[13:26] {Threei} probably a good thing
[13:31] {dino} af stopped flat
[13:40] {dptl} going to finish early ....have a good rest of the day all..see ya tomorrow :)
[13:40] {Threei} take care dp
[13:41] {dino} cya dp
[13:43] {Threei} wow FNM
[13:43] {Threei} come on dino, surelyy you didn't mean TIDAY when said it goes to zero??
[13:43] {Threei} today
[13:44] {peterg} tiday is australian for today
[13:44] {Threei} korrekt
[13:44] {Threei} or if you will, eqzaktly
[13:45] {peterg} yzz
[13:46] {Threei} great... now LEH is doing what it ought to do on that call
[13:46] {Threei} let's face it... if you put me in a wet paper bag today, I couldn't trade my way out
[13:49] {dino} aside from uaua i was doing fine
[13:50] {dino} fnm, fre, most likely double from hear then eventually to zero
[13:51] {dino} but man, the common could be over by the close
[13:51] {dino} coin toss. never know what the powers that be will say at close
[13:54] {dino} whats ffnm's preferred symbol?
[14:00] {dino} fmcn stopped -.63 -.37
[14:04] {dino} isys sm l .50
[14:11] {Threei} CIEN
[14:11] {Threei} .37 short for acsalp
[14:11] {Threei} scalp
[14:46] {Threei} WM
[14:46] {Threei} CEO: COMPANY SEEKING TO FOCUS ON EXECUTION AND AVOIDING MISTAKES, NO 'RADICAL CHANGES' ARE PLANNED
[14:46] {Threei} - Notes that adjustments in the mortgage market will not necessarily slow growth
[14:48] {Threei} don't look now... but we probably got a winner... can't believe my eyes
[14:49] {Threei} CIEN is at 1:1
[14:53] {Threei} out +.11
[14:55] {Threei} what, no takers?
[14:56] {Threei} you all gave up on me?
[14:56] {Threei} fine... my only consolation left then:
06[14:56] * Threei slaps laserdave1 around a bit with a large trout
[15:03] {peterg} gave up on mkt, sensie
[15:03] {peterg} not your esteemed self
[15:04] {peterg} sensei
[15:04] {Threei} thank you
[15:04] {Threei} I had to get one right however small it is
[15:04] {Threei} just to preserve some self-respect, you know
[15:04] {peterg} I have retreated to study, preparing class for next wk
[15:05] {peterg} of course
[15:05] {dino} out ilmn .37, +.37
[15:22] {Threei} WB is trying to recover
[15:22] {Threei} one of financials remained actually quite strong
[15:39] {judijim} that's enough excitment for today, take care, be back tomorrow
[15:40] {Threei} take care jj
[15:44] {dino} gotta hop, baseball game. cutting isys .84 +.34
[15:45] {Threei} see you tomorrow dino
[15:52] {magoo} i can not remember aapl rimm being this many days this werak
[15:52] {Threei} there is a lot about this day I don't think I can remember
[15:52] {Threei} and I find it hard to beleiev UAUA debacle is not going to be investigate
[15:53] {Threei} how do you "accidenatlly" publish 4 years old story?
[15:53] {magoo} and how could they not break those trades
[15:53] {Threei} no kidding
[15:54] {Threei} find who was responsible for the story, and look into his whole circle of comunication - I bet you will find who shorted it before the story
[15:54] {Threei} or bought into sharp drop
[15:55] {Threei} and forget Martha - this is real crime
[15:56] {magoo} manb..i was just typing that...mno kidding
[15:57] {Threei} OK guys, let's have a good evening and come back fresh tomorrow
[15:58] {Threei} take care, see you in the morning
[15:58] {peterg} tks vad see you tmo; group all gnite
[15:58] {magoo} ty vad
[15:58] {fernp} ty Vad

Sep 05 2008

Session Time: Fri Sep 05 00:00:00 2008

[08:07] {Threei} IRANIAN OPEC GOV: OIL PRICE AT $100/BBL IS ACCEPTIBLE, STATES SHOULD STICK TO QUOTAS
[08:07] {Threei} {USO}
[08:11] {Threei} PREVIEW: AUG UNEMPLOYMENT RATE DATA DUE OUT AT 8:30AM
[08:11] {Threei} - Consensus expectations at 5.6% vs 5.5% prior
[08:11] {Threei} - Reminder July's 5.7% reading were the highest since March 2004
[08:29] {magoo} morning
[08:29] {Threei} magoo :)
[08:30] {magoo} minus84k
[08:30] {magoo} 6.1%
[08:30] {Threei} *AUG UNEMPLOYMENT RATE: 6.1% V 5.7% PRIOR
[08:31] {Threei} *AUG CHANGE IN NONFARM PAYROLLS: -84K V -75KE; CHANGE IN MANUFACTURING PAYROLLS: -61K V -35K
[08:31] {Threei} - Prior Jun Nonfarm Payrolls revised Higher from - 51K to -60K
[08:31] {Threei} - Prior Manufacturing Payrolls revised Lower from -35K to -38K
[08:31] {Threei} gap down is good
[08:31] {_andresy} Morning
[08:31] {Threei} lays the foundation for a bounce later on
[08:31] {magoo} better than gap up
[08:31] {Threei} adnresy :)
[08:31] {Threei} yeah, gap up would have been sold into
[08:32] {_andresy} rimm 3.06% down
[08:33] {Threei} oil new lows
[08:39] {magoo} vad, wheres support for rIMM?3 month low was 106
[08:39] {Threei} just under 102, next is 100
[08:39] {Threei} but you know how support is
[08:40] {Threei} it's holding until it doesn't
[08:40] {magoo} whats with UST up 12
[08:40] {Threei} 100 is quite pronounced
[08:41] {Threei} 09/04/08 09:46pm [UST] Altria in talks to buy UST, in a deal valued at $10B, according to the NY Timesmore.. - NY Times said that the acquisition, which is at a delicate state and could still fall apart, would be Altria’s first major purchase since the company split in March, spinning off Philip Morris International to become an independent company focused on the overseas tobacco business and giving the Altria name to Philip Morris USA. People involved in the transaction were planning to work through the weekend to complete the deal as soon as Monday, the paper added(related: MO )
[08:44] {_andresy} Vad, where do you see a possible support for VLO?
[08:46] {Threei} around 32.50... but VLO is a bit different animal
[08:47] {Threei} the way it trades is influenced by stories and fundamentals to greater degree than your normal stock
[08:49] {_andresy} Good to know that
[08:49] {cosmo} SPNC tries to bounce
[08:49] {magoo} what u stalking vad?
[08:50] {Threei} 09/04/08 09:17pm [SPNC] Confirms federal investigation, jointly served by the FDA and ICE with a search warrant
[08:51] {Threei} usual suspects so far
[08:51] {cosmo} needs to hold 5
[08:51] {cosmo} should hold 5.10
[08:51] {cosmo} imho
[08:53] {magoo} vad, u usually have good "overall"feel..what u suspect today happens?
[08:53] {Threei} initial selling followed by strong bounce and green close
[08:54] {magoo} now thats conviction
[08:54] {Threei} just a working assumption
[08:54] {magoo} instead opf one word u "infamous" for..as in "up" lol
[08:55] {Threei} well... let's try it
[08:55] {Threei} down, then up
[08:55] {Threei} better? :)
[08:55] {magoo} no..liked the other
[08:55] {Threei} ugh... more typing for me
[09:05] {Threei} interesting
[09:05] {Threei} - In the papers: The NY Times article suggested that Main Bank of China is in Need of Capital after a seven year buying spree of around $1 trillion worth of Treasury bonds and mortgage-backed debt issued. The article noted that these investments have been declining sharply in value when converted from dollars into the strong CNY, casting a spotlight on the central bank's tiny capital base. The bank's capital, just $3.2 billion, has not grown during the buying spree, despite private warnings from the IMF
[09:06] {_csepulve33} good morning
[09:07] {Threei} csepulve :)
[09:08] {_csepulve33} maybe more initial selling today
[09:08] {Threei} [08:53] {magoo} vad, u usually have good "overall"feel..what u suspect today happens?
[09:08] {Threei} [08:53] {Threei} initial selling followed by strong bounce and green close
[09:09] {_csepulve33} yes I agree
[09:10] {Onix} Good morning all you brave people
[09:13] {pita} gm all
[09:13] {Threei} onix, pita :)
[09:14] {fernp} Good Morning all
[09:14] {Threei} fern :)
[09:15] {dino} gm all
[09:18] {peterg} gm all
[09:19] {peterg} watching RIMM
[09:19] {Threei} dino, peter :)
[09:19] {magoo} im interested in RIMM AAPL and bidu today..
[09:20] {magoo} if i make call..its a max loss of $200..so size accordingly
[09:20] {magoo} ill be taking 300 shares..which gives me a lil room to avoid rinsde
[09:20] {esemde} good morning all....still swing long NVDA
[09:20] {magoo} RIMM 3 month low..3 is 106 area
[09:22] {esemde} I have a couple swing trading times of the year......Sept, Decembe and June
[09:22] {dptl} good morning all
[09:22] {esemde} dp
[09:23] {dptl} ese:)
[09:23] {Threei} ese, dp :)
[09:23] {esemde} morning vad......
[09:24] {peterg} not trade RIMM premkt?
[09:24] {peterg} too risky?
[09:24] {Threei} nah
[09:24] {Threei} let the dust settle
[09:24] {peterg} resist temptation
[09:24] {peterg} easy to become one with greed
[09:25] {esemde} is that Gordon Gecko also peter
[09:25] {peterg} Gorden did it better!
[09:25] {dino} relax guys, let it come to you
[09:25] {peterg} there ya go
[09:26] {tomg} gm all
[09:26] {Threei} tom :)
[09:26] {dino} lets remember a few rules
[09:26] {dino} good trading is not about being right, its' about trading right
[09:27] {dino} think in probabilities
[09:27] {dino} use your edge, manage your risk, be consistant, keep it simple
06[09:27] * Threei retires
[09:27] {dino} don't blame market or others for errors
[09:27] {cosmo} all fridays are 'good'
[09:27] {esemde} big volume SNDK......up 3pts
[09:27] {Threei} buyout negotiations with Samsung, SNDK
[09:28] {dino} trading is not a sprint, its' boxing. you must remain in the ring
[09:28] {dino} risk is your friend, however traders expect to lose regularly
[09:29] {dino} and thats' it in a nutshell from me
[09:29] {_csepulve33} get ready for the battle
[09:29] {peterg} sound of sustained applause
06[09:29] * Threei reiterates his retirement
[09:29] {peterg} thks dino
[09:30] {peterg} threei please stay
[09:30] {Threei} no need
[09:30] {esemde} shiskabob restaurant then vad?
[09:30] {patience} dino in the coach's corner....every morning words of wisdom
[09:30] {Threei} dino just told you everything you need to know, I have nothing to add :)
[09:30] {dino} i'm blushing
[09:31] {dino} keep an eye on pcln, held well yesterday
[09:37] {dino} watching ges, afam, pcln, ilmn
[09:37] {dino} rimm
[09:37] {dino} need coffee
[09:38] {dino} advantage to magoo arriving first, coffee is ready
[09:38] {Threei} lol
[09:38] {Threei} jeez TGIC
[09:38] {Threei} RAMR is trying to follow
[09:40] {Roman} HOKU radar, news last night
[09:40] {esemde} ha i know just missed it at .50 didn't want to chase
[09:40] {esemde} tgic that is
[09:41] {Threei} 09/04/08 04:10pm [HOKU] Signs ten-year, $455M polysilicon supply deal with Solargiga in China
[09:41] {dino} 10962 in the cards
[09:41] {Threei} RAMR looks to be next to jump
[09:45] {esemde} SPNC....news?
[09:45] {Threei} nothing today
[09:46] {esemde} bstop SPNC .50
[09:46] {dino} pcln sm l .25
[09:46] {dino} wide
[09:47] {Threei} SNDK is not done it looks like
[09:48] {Threei} if pulls back to around .20, worth an entry
[09:48] {esemde} spnc....bstop invalidated
[09:49] {Threei} stop under 17 so size accordinglyu
[09:49] {Threei} in
[09:50] {magoo} where?
[09:50] {Threei} .15
[09:52] {magoo} .11
[09:53] {magoo} out .04
[09:53] {Threei} yeah, no worky
[09:53] {magoo} no like mkt fall here
[09:54] {magoo} its avail short vad
[09:54] {judijim} good morning all
[09:54] {Threei} jj :)
[09:55] {Threei} Long Setup: PMI .41 if stays above .30
[09:58] {Threei} Short Setup: AMLN
[09:58] {Threei} .79
[09:58] {Threei} stop above 21
[10:00] {Threei} *US Q2 MORTGAGE DELINQUENCIES: 6.41% V 6.35% PRIOR
[10:00] {esemde} vsea long .30 1/2
[10:00] {Onix} ss AMLN .79
[10:01] {dino} v sm l ilmn .45
[10:01] {esemde} make that .98...thought it was .30
[10:02] {esemde} vsea stopp .88
[10:03] {Roman} long URRE
[10:03] {Roman} small
[10:03] {Roman} 3.02
[10:04] {esemde} out VSEA .32 +.34
[10:04] {Threei} wtg
[10:05] {esemde} lucky fill on .32 i think
[10:06] {dino} gj
[10:11] {Threei} AMLN stop to .88
[10:13] {Threei} out
[10:13] {Onix} AMLN stopped
[10:14] {Threei} better keep them tight than get caught in too violent move today
[10:15] {Threei} there you go
[10:17] {esemde} L ADCT .88 3/4
[10:18] {esemde} tight stop .80
[10:20] {dino} abm
[10:20] {Threei} DBI Setup: AKAM .93 trigger if stays below 19
[10:22] {Threei} Short Setup: KLAC into this bounce, stop above 34
[10:22] {Threei} try to get it as close to .90 as possible
[10:23] {Onix} in AKAM .93
[10:24] {Threei} SPNC
[10:24] {Threei} HEARING CITIGROUP MAKING POSITIVE COMMENTS; REITERATES BUY RATING (TIMING UNCERTAIN)
[10:25] {esemde} out ADCT .88 + .00 even....seen this before...topping out
[10:26] {Threei} if you got KLAC .85 or so, cover half here
[10:26] {Threei} AKAM 1:1, half out, scalpers cover in full
[10:27] {Onix} AKAM 11c ty Vad
[10:27] {dino} ges sm l .90, stop .49
[10:28] {fernp} out AKAM ty Vad
[10:28] {Threei} welcome guys
[10:28] {Threei} new 52 week lows on both, AKAM and KLAC
[10:28] {peterg} tks vad, +.09 avg
[10:28] {dptl} +.10 akam ty
[10:29] {Threei} NVDA is holding admirably well
[10:29] {Threei} so does CSCO
[10:29] {Threei} start making your list of candidates for whwen the market recovers
[10:29] {Threei} RMBS strong
[10:30] {Threei} maybe on the back of SNDK, not sure
[10:34] {Threei} cover KLAC in full
[10:37] {dino} afam v sm l .10
[10:38] {esemde} nvda is looking good against the indexes......usually it follows them to the letter
[10:38] {Threei} yes
[10:38] {Threei} [10:29] {Threei} NVDA is holding admirably well
[10:39] {peterg} ese, how long r u thinking of holding nvda for?
[10:39] {peterg} or how are you thinking about yr swing trade?
[10:39] {esemde} L JNPR .04 3/4
[10:40] {esemde} stop .89
[10:42] {esemde} somwhere around 15 or 16.....it'll take awhile......some extra funds hanging around so they might as well be put to use
[10:44] {esemde} it's had the crap beat out of it and it may hang around here awhile but i can wait it out on this one peter
[10:44] {peterg} thks es
[10:45] {esemde} this is a good time of the year for me to do a swing trade because i'm back teaching and this is a very busy time for me
[10:46] {peterg} begng of sch yr is insane
[10:46] {peterg} I have HS sr and coll. sophmore
[10:47] {esemde} Jnpr ...stopped -.15
[10:47] {dino} i believe you will be right es
[10:49] {esemde} Jnpr.....you sod......crawl lower than a snakes belly in a wagon rut.....sheesh
[10:49] {esemde} time wil tell dino
[10:51] {esemde} peter are you a teacher?
[10:51] {peterg} part time for no pay
[10:51] {esemde} for no PAY!!!!!!!!!!
[10:52] {peterg} it is an honor
[10:52] {peterg} and stupid
[10:52] {peterg} but tradition in field of mental health
[10:52] {peterg} of which I am always sorely in need
[10:52] {esemde} what do you teach
[10:52] {peterg} how to do psychotherapy
[10:52] {peterg} help
[10:53] {esemde} ahhhhhhhh
[10:53] {esemde} we need that on this board
[10:53] {esemde} vad is the worst of course
[10:53] {peterg} I think Judy and Jim may have it covered, too
[10:53] {Threei} and proud of it
[10:54] {esemde} stocks like jnpr drive me to drink at vads house
[10:54] {peterg} I knew I was in the right crowd when I read Vad's creation of treading alter ego.
[10:54] {peterg} You must meet mine someday
[10:54] {Threei} I am ready to pour
[10:54] {esemde} ha ha ha ha good one
[10:55] {peterg} drinx are on me
[10:55] {esemde} ok done......we'll mkae it there one day
[10:56] {peterg} RIMM edging down
[10:56] {Threei} what's wqith EMKR?
[10:56] {dino} rimm wants 99.60s imo, taking strikes earlier this month
[10:57] {dino} ok, about 90 points more dji
[10:57] {dino} july lows
[10:58] {Threei} AMLN shook us out
[11:04] {Threei} another wave of selling is coming... then will start hunting for a bounce
[11:04] {Threei} RIMM gets interesting for a snapback
[11:04] {Threei} .50 support
[11:06] {Threei} grrr... missed
[11:06] {Threei} hopefully we get one more pullback
[11:08] {Threei} OK, in
[11:08] {Threei} stop under .50
[11:11] {Threei} sheesh
[11:12] {magoo} jesus christ wouldn't the shorts cover
[11:12] {magoo} man, bidu down like 60 points in 5 days
[11:13] {dino} grmn fast fall
[11:13] {Threei} whack the mole continues
[11:15] {Chaeron} Good morning all
[11:15] {Threei} chaeron :)
06[11:15] * Chaeron slaps magoo around a bit with a large trout
[11:15] {Threei} Long Setup: AKAM .93
[11:15] {Threei} stop .85
[11:16] {dino} out ges .29 +.39
[11:16] {dino} pig should've had a buck in it
[11:25] {dino} do we trust this move
[11:26] {_csepulve33} good bye and thanks to all
[11:26] {Threei} take care csepulve33
[11:27] {Threei} AKAM 1:1
[11:29] {fernp} out AKAM ty Vad
[11:29] {Threei} :)
[11:31] {dino} gj
[11:39] {Threei} Long Setup: KLAC .51 if stays above .40
[11:47] {magoo} pretty good reverse in AAPL
[11:47] {dino} up we go
[11:47] {Threei} looks like
[11:50] {dino} v sm s skf .30
[11:50] {dptl} klac valid?
[11:50] {Threei} if not losing .40 anymore
[11:51] {dptl} ok ty
[11:51] {Threei} BLACKSTONE AND KKR EXPLORING OPTIONS FOR CERTAIN LEH ASSETS
[11:53] {dino} all is well again
[11:53] {Threei} yup
[11:53] {Threei} what me worry?
[11:54] {Threei} LEH nice buying pressure
[11:56] {Threei} AKAM out in full
[11:56] {Threei} +.25
[11:58] {Threei} scratch KLAC here if you are in
[11:59] {magoo} vad..is there recent news RIMM..its really wounded
[12:00] {Threei} nothing
[12:00] {magoo} at least aapl has power to recover
[12:00] {dino} skf bstop to 119.20
[12:01] {esemde} have a good weekend aalll!!!
[12:01] {peterg} bye ese
[12:01] {Threei} take care ese :)
[12:02] {dino} cov 118.18, +2.12
[12:03] {peterg} wtg
[12:03] {Threei} beauty
[12:05] {dino} ty
[12:06] {dino} ilmn stop to .09
[12:09] {dino} make it .20
[12:09] {magoo} l rimm noew .71
[12:10] {magoo} stop.50
[12:10] {magoo} 300 sh
[12:11] {dino} to .45
[12:11] {pita} have a good day everyone; cu Monday
[12:11] {Threei} take care pita
[12:11] {dino} to .55
[12:12] {dino} to .65
[12:12] {dino} out .65 +1.20
[12:13] {magoo} sheesh..hit 105
[12:14] {dino} you guys are tough
[12:17] {magoo} we atre just used to dino trading in dollsars
[12:17] {magoo} so no big deal
06[12:23] * laserdave1 slaps Threei around a bit with a large trout
06[12:23] * magoo slaps Threei around a bit with a large trout
[12:24] {dptl} rmbs?
[12:24] {dino} celg
06[12:25] * Chaeron slaps laserdave1 around a bit with a large trout
[12:28] {dino} celg can't find news
06[12:29] * laserdave1 slaps Chaeron around a bit with a large trout
06[12:29] * laserdave1 slaps magoo around a bit with a large trout
06[12:29] * magoo slaps laserdave1 around a bit with a large trout
[12:30] {dino} sm l .40 risky
06[12:30] * magoo slaps Chaeron around a bit with a large trout
[12:30] {Threei} wasn't sure about RMBS
[12:30] {Threei} market spike resolved it
[12:33] {dino} stop to b/e
[12:34] {dino} strange
[12:34] {Threei} green flashed on DJI for a second
[12:34] {magoo} one helluva call u hasd this premkt boss...thats why i ask..u usually have good feel
[12:34] {Threei} ty
[12:34] {Threei} I have my moments
[12:37] {dino} lol
[12:40] {dino} stopped celg flat greed got me, had .50
[12:46] {dino} now it goes
[12:47] {dino} there goes the ges buck too, ugh
[12:51] {dino} out afam .70, +.60
[12:52] {Threei} UAUA is preparing for a break possible
[12:54] {dino} mdvn sm l .60, stop .33
[12:58] {dino} celg sm l .50
[13:08] {Threei} green
[13:09] {magoo} i see red lol
[13:09] {Threei} blinks fast, don't take your eyes off :)
[13:11] {magoo} laser dcc
[13:12] {Threei} green, look fast
[13:13] {dino} bucy moving, will joyg go w/it
[13:15] {dino} pcln stop to .29
[13:16] {dino} celg stopped terrible
[13:16] {dino} out pcln .39 +1.14
[13:16] {Threei} nice
[13:22] {peterg} has dino got all the money now?
[13:22] {Threei} yeah
[13:22] {dino} not
[13:22] {dino} smaller size today
[13:22] {dino} over goal
[13:22] {peterg} modest
[13:22] {peterg} good 4 u
[13:23] {dino} just lucky
[13:24] {Threei} FORMER FED CHAIRMAN VOLCKER: THE FINANCIAL SYSTEM HAS BROKEN DOWN, THE CURRENT FINANCIAL TURMOIL IS THE MOST COMPLICATED CRISIS HE HAS SEEN - CONF COMMENTS
[13:24] {Threei} - predicts losses from the financial crisis will exceed $500B
[13:24] {Threei} 500B? don't look now
[13:25] {Threei} if I promise to be fiscally responsible, can I have 1/500 of that?
[13:26] {Threei} 5 points bounce RIMM
[13:27] {Threei} (and it's still red, LOL)
[13:33] {dino} out mdvn .20, +.60
[13:34] {dino} spiked right into my layout
[13:34] {dino} celg comes back, sheesh
[13:41] {cosmo} spnc too
[13:42] {peterg} Popeye eats spnc to get strong
[13:44] {dino} i yam what i yam
[13:44] {peterg} that's it!!
[13:44] {dino} and "i will gladly pay you tomorrow for a hamberger today"
[13:44] {dino} hamburger
[13:44] {cosmo} spnc has some potential....it could do a 'popeye' i say
[13:45] {dino} so could olive
[13:46] {cosmo} seems to be biting through the can still....
[13:48] {cosmo} 5.85 hod
[13:49] {peterg} u in?
[13:49] {peterg} cosmo?
[13:49] {cosmo} always...
[13:49] {peterg} ok
[13:50] {cosmo} once you're in, you're in for good...
[13:50] {Threei} lol
[13:50] {dino} brb
[13:51] {peterg} whats the line from hotel california, you can check out but never leave
[13:51] {peterg} :
[13:51] {peterg} ?
[13:53] {Threei} Last thing I remember, I was
[13:53] {Threei} Running for the door
[13:53] {Threei} I had to find the passage back
[13:53] {Threei} To the place I was before
[13:53] {Threei} ’relax,’ said the night man,
[13:53] {Threei} We are programmed to receive.
[13:53] {Threei} You can checkout any time you like,
[13:53] {Threei} But you can never leave!
[13:53] {peterg} wonderful!
[13:53] {peterg} metaphor for life?
[13:53] {cosmo} the Prisoner?
[13:54] {cosmo} checking..
[13:54] {Threei} 20 cents scalp SPNC, thanks cosmo
[13:55] {cosmo} quitter...
[13:58] {cosmo} .89 stop
[13:59] {peterg} listenin to Hotel California..... memories
[14:00] {cosmo} ... i had a bad experience with that album...
[14:00] {magoo} like "life in the fastt lane"
[14:01] {cosmo} loud neighbors
[14:01] {cosmo} the music anyway...they were all passed out
[14:01] {peterg} thats baad
[14:02] {peterg} enuf to sour you even on the sacred song?
[14:02] {GeoArb} hi just visiting as cant keep away.... Am going to be in DC till thurday :(
[14:02] {peterg} hey geo
[14:02] {cosmo} they took it to the limit..
[14:03] {peterg} was this the time of my youth? the sixties?
[14:03] {peterg} maybe the album wasnt even out then
[14:03] {peterg} dont remember hahaha
[14:05] {dino} 70s
[14:06] {Threei} Geo :)
[14:07] {magoo} funny..u call it album..not cd lol
[14:08] {peterg} showin age
[14:09] {cosmo} hmm... maybe the cd is better...
[14:09] {peterg} vinyl supposed to have more depth, resonance.
[14:10] {dptl} lol...cosmo
[14:12] {cosmo} spnc 6.10 test ...at some point
[14:23] {Threei} oil sharp drop
[14:29] {Threei} and sharp spike
[14:30] {Threei} someone's throwing darts or what
[14:32] {magoo} vad..what would logic sugest?
[14:32] {magoo} power up or sell off into bell
[14:33] {Threei} can't tell really
[14:34] {magoo} why?
[14:34] {Threei} maarket is so hesitant here, hard to read its intention
[14:34] {Threei} whole bounce looked quite labored
[14:35] {Threei} no that lovely violent rally of relief
[14:35] {Threei} rather "well, technically I have to bounce here, so be it... there, happy now?"
[14:36] {Threei} makes me think more selling next week
[14:38] {magoo} smart guy u be
[14:39] {Threei} good looking too
[14:40] {magoo} and modest
[14:40] {Threei} too modest I'd say
[14:40] {magoo} too good lookin i'd say
[14:41] {magoo} see..i need to borrow some cash so suckin up here
[14:41] {Threei} who's magoo?
[14:45] {magoo} l aapl here .20
[14:45] {magoo} sm
[14:46] {magoo} stop .89
[14:47] {Threei} {LEH TICKING HIGHER AFTER POSITIVE COMMENTS BY JIM CRAMER
[14:48] {_andresy} Good bye, and thanks to all of you
[14:48] {dino} sm l afam .02
[14:48] {Threei} take care andresy
[14:49] {_andresy} You too
[14:49] {magoo} yes..take care
[14:50] {dino} cya andresy
[14:52] {Threei} BARTON BIGGS SPECULATES THAT THE MARKETS MAY BE NEARING A BOTTOM AND MAY RALLY - INTERVIEW COMMENTS
[14:52] {Threei} - Biggs cites recent decrease in price of oil that may establish a short surge in consumer spending
[14:55] {magoo} RIMM trying for green
[14:56] {Threei} everything went green
[14:56] {Threei} DJI, COMP, SP, NQ
[14:58] {magoo} aapl trying green
[14:59] {dino} afam out .51 +.49
[15:14] {magoo} short rimm .60 now small
[15:16] {magoo} looking for loss of 106
[15:18] {magoo} nope
[15:19] {magoo} RIMM sux anymore
[15:20] {peterg} how about that nvda
[15:21] {dino} sm l gldd .75, stop .48
[15:21] {peterg} swing, a la ese
[15:21] {Threei} yeah... slow and narrow but works
[15:22] {dino} kind of mean to say about es
[15:23] {Threei} lol
[15:23] {Threei} too bad we will forget about it till Monday... he would love it
[15:24] {dino} indeed
[15:24] {magoo} ruimm gonna lose 106..back in sh .71
[15:25] {magoo} god dammit
[15:25] {dino} fixated on it
[15:27] {dino} cach spike
02[15:28] * Disconnected

Sep 04 2008

Session Time: Thu Sep 04 00:00:00 2008
[08:07] {Threei} sold half URRE 3.38, +.19
[08:15] {Threei} AUG ADP EMPLOYMENT CHANGE: -33K V 30KE
[08:28] {esemde} good morning ....got cut off just before i was going to enter VPHM yesterday....but I think we have my computors problems solved
[08:29] {Threei} good morning ese
[08:29] {Threei} what was it?
[08:29] {esemde} If you have a portable phone in the same room as your wireles router
[08:29] {esemde} look out
[08:30] {esemde} the problem was solved by
[08:30] {Threei} *INITIAL JOBLESS CLAIMS: 444K V 420KE
[08:30] {Threei} CONTINUING CLAIMS: 3.435M V 3.420ME
[08:30] {Threei} - Prior Initial Jobless Claims revised from 4425K to 429K
[08:30] {Threei} - Prior Continuing Claims revised from 3.423M to 3.429M
[08:30] {esemde} a 19 years technical wiz bang kid who lives 100 miles south of BomBay India...some town I had never heard of
[08:31] {Threei} *Q2 FINAL NONFARM PRODUCTIVITY: 4.3% V 3.5%E; UNIT LABOR COSTS: -0.5% V 0.0%E
[08:31] {Threei} jeez
[08:31] {Threei} so just need to turn it off?
[08:31] {esemde} I have been struggling with this problem for a couple of months now and no one had been able to solve it
[08:32] {esemde} no....he changed the channel setting on my
[08:32] {esemde} Linksys wireless router
[08:32] {Threei} got it
[08:33] {Threei} I remember now that you said it... my old phone did interfere with wireless connection as well
[08:33] {Threei} newer one is in another frequency band, no such effect
[08:33] {esemde} plus a couple of other settings inside the router.......
[08:34] {esemde} I hope this sovlves the probelm......this has been very frustrating
[08:39] {Threei} Added some Alaska photos to http://www.flickr.com/photos/36948132@N00/sets/72157606920267755/
[08:41] {cosmo} nice UFO shot....
[08:41] {Threei} hmm?
[08:41] {cosmo} ...the last one...
[08:42] {Threei} oh
[08:42] {Threei} lol
[08:42] {Threei} torn between dumping URRE at .40 and attempt to hold for more
[08:43] {cosmo} SOLR: deal with LDK Solar
[08:44] {cosmo} fwiw
[09:04] {dino} gm all
[09:04] {Threei} dino :)
[09:06] {Onix} Good morning everyone!
[09:10] {Threei} onix :)
[09:11] {pita} morning all
[09:13] {Threei} pita :)
[09:15] {fernp} gm
[09:16] {Threei} fern :)
[09:16] {tomg} gm all, enjoyed the photos vad
[09:16] {Threei} ty tom :)
[09:17] {Onix} gtreat photos ty Vad
[09:17] {Threei} :)
[09:18] {Threei} going to be fairly picky today
[09:19] {Threei} the change we got so far is stubborn selling in the markets even though oil drops,
[09:19] {Threei} so we lost, at least so far, our leading indicator that worked for us through August
[09:20] {Threei} another change was, market became a bit less choppy and a bit more trneding
[09:20] {magoo} morning
[09:20] {Threei} so our attempts at reversals stopped working
[09:20] {Threei} magoo :)
[09:20] {magoo} took 3 tries to enter room vad..just in case u monitoring it
[09:20] {Threei} so... as we re-adjust, going to be careful and picky
[09:21] {Threei} what message were you getting?
[09:22] {Threei} as I posted earlier, sold half URRE at 3.39
[09:22] {magoo} i dont know
[09:22] {Threei} holding half still
[09:23] {Threei} I see just one connecting attempt by you, successful
[09:23] {magoo} anyway, a trending mkt would be easier to trade imo as long as we figure out trend
[09:23] {Threei} so whatever it was, it wqas not reaching the server
[09:23] {Threei} sure... we got unused from trend, played chppiness which pretty much took us into reversal
[09:23] {Threei} mode
[09:24] {Threei} not sure today is right day to play downtrend, daily feels like snapback time
[09:24] {Threei} but we will see how it goes
[09:25] {magoo} well..yes..i think i mentioned yesterday that i feel today was going up big
[09:25] {magoo} but who knows
[09:29] {peterg} gm all
[09:29] {Threei} peter :)
[09:29] {Threei} out 300 more 3.45
[09:29] {Threei} 200 left
[09:29] {Threei} offering 3.60
[09:30] {Threei} stop 3.15
[09:31] {dino} c'mon down 60+/- more dji
[09:32] {Threei} Long Setup: FNM .21 trigger
[09:32] {Threei} if stays above .10
[09:33] {Threei} out URRE .58
[09:33] {Threei} that was a good hold for gap
[09:33] {Threei} anyone followed?
[09:34] {patience} still in urre, you're faster than me
[09:34] {Threei} I am less patient :)
[09:35] {dptl} good morning all
[09:35] {Threei} dp :)
[09:36] {Threei} hmmm
[09:36] {Threei} URRE really has legs still it seems
[09:36] {patience} i like the volume in it
[09:36] {Threei} yes
[09:37] {dino} afam sm l .35
[09:38] {dino} ges sm l .80
[09:38] {Threei} Short Setup: AKAM.19 if stays below .25
[09:38] {dino} wide both
[09:45] {Threei} 20 is last bastion for AKAM
[09:45] {dino} ges stop to .50
[09:45] {Threei} cover half here just in case
[09:45] {Threei} but it feels to me it's going to break it down
[09:46] {Onix} in AKAM 20.13
[09:46] {dino} out ges .80, +1.00
[09:47] {dino} out afam .80, +.45
[09:47] {Threei} here we go
[09:47] {Threei} wtg dino
[09:47] {dino} ty
[09:48] {dino} ok dji get us to 11330ish
[09:48] {dino} rimm coming back up
[09:48] {dino} hod rimm
[09:49] {dptl} out akam at 20 ty
[09:49] {Threei} welcome
[09:50] {Roman} long WB
[09:50] {Roman} 17.05
[09:52] {Threei} ABK
[09:52] {Roman} long MER
[09:52] {Threei} tries to break yesterday's high
[09:52] {Roman} 28.05
[09:52] {Threei} what is pushing financials?
[09:55] {magoo} l rimm .50 sm'
[09:55] {Threei} nice WB
[09:55] {magoo} stop .98
[09:56] {Roman} STSI just keeps going
[09:57] {Roman} FRE radar
[09:58] {dino} afam sm l .45
[09:59] {dino} gtls blood
[09:59] {judijim} good morning all
[09:59] {Threei} jj :)
[10:00] {Threei} AUG ISM NON-MANUFACTURING COMPOSITE: 50.6 V 49.5E
[10:01] {Threei} Non-Mfg Prices Paid Index: 72.9 v 80.8 in July
[10:01] {Threei} - Employment: 45.4 v 47.1 in July
[10:01] {Threei} - New Orders Index: 49.7 v 47.9 in July
[10:03] {dino} gtls l sm .50
[10:04] {Threei} Long Setup: UAUA .17 trigger
[10:04] {Threei} 12.05 stop
[10:06] {Threei} UAUA 1:1
[10:06] {fernp} ty
[10:06] {Threei} half out or scalp, your choice
[10:06] {Threei} fern :)
[10:07] {Threei} 1:2
[10:07] {Threei} me out
[10:08] {magoo} out .43 THANX
[10:08] {Threei} welcome
[10:08] {Onix} ty Vad, UAUA good
[10:08] {Threei} :)
[10:10] {Threei} we have oil inventories at 11 today
[10:10] {Threei} unusual day and time
[10:10] {Threei} almost forgot about it
[10:14] {dino} gtls stop to .94 expect slip
[10:17] {dino} to .05
[10:17] {dino} out afam -.45
[10:18] {Threei} Short Setup: LEH 16.19 trigger if stays under .30
[10:19] {Threei} in aggressively
[10:19] {Threei} stop .36
[10:19] {dino} gtls to .10
[10:21] {Onix} in ss LEH .28
[10:21] {dino} out gtls .12, +.62
[10:23] {esemde} swing long NVDA 11.57 full lot
[10:23] {magoo} vad, leh holding in a naz pullbk
[10:24] {Threei} so it will be stopped at .36
[10:24] {magoo} boy are you sensitive {again}
[10:24] {Threei} just not sure what you want me to do in the middle of the trade
[10:25] {magoo} just giving insight i too .31
[10:25] {magoo} sah
[10:25] {dino} stop fighting girls
[10:25] {magoo} that DOES IT
06[10:25] * magoo slaps dino around a bit with a large trout
[10:25] {Threei} lol
06[10:25] * magoo slaps Threei around a bit with a large trout
[10:26] {Threei} that's what aggressive entires are for, aren't they? less certainty in outcome, tighter stops
[10:27] {magoo} hey, i took it
[10:27] {magoo} just adding info as i see it
[10:28] {magoo} but mind u ..if it works..i not thanking u for all the smack i taking here
[10:28] {Threei} NIGERIAN OIL MIN: OPEN ON IDEAS FOR OPEC POLICY DECISION
[10:28] {dino} pcln green
[10:29] {Threei} hmmm... so far I see you being the only one smacking people left and right, lol
[10:30] {Threei} covering half LEH
[10:30] {Threei} scalpers take profit
[10:30] {magoo} my job in room
[10:31] {dino} lod's
[10:32] {Onix} LEH good ty Vad
[10:32] {dino} getting close to target
[10:32] {Threei} welcome sir
[10:33] {dino} cme fast drop
[10:33] {Threei} what's happening?
[10:33] {magoo} vad, look at qqq chart
[10:33] {Threei} LEH is 1: 3
[10:34] {Threei} I am out 16.06
[10:34] {dino} will 11330 hold
[10:34] {Threei} what about it magoo?
[10:34] {Threei} fell of a cliff
[10:34] {magoo} ok ok ...out .07 THANK U {sdaid i wouldn't..but had too say it}
[10:35] {Threei} lol
[10:35] {magoo} volume on the sell vad
[10:35] {Threei} how manly of you
[10:35] {Threei} yeah... friking AKAM
[10:35] {magoo} q volume sell side
[10:35] {Threei} too bad shook us out of balance earlier
[10:37] {Threei} *EIA NATURAL GAS INVENTORIES: +90 BCF V +90 TO +95 BCF RANGE OF ESTIMATES
[10:38] {dino} ok down 4% since tues highs
[10:38] {dino} buy the dips
[10:40] {dino} gtls sm l .45
[10:41] {dino} too soon
[10:42] {dino} eyes on ges again
[10:43] {magoo} i just gave LEH your phone number vad..expect a call
[10:45] {dino} ges sm l .10
[10:46] {magoo} l rimm here small
[10:46] {Threei} not picking up the phone
[10:46] {magoo} risky
[10:46] {dino} oh mannnnnnnnnnnn swiper, stop whining
[10:46] {magoo} got .30
[10:47] {dino} risky sm wide afam l .01
[10:47] {dino} never thought i'd get that fill
[10:48] {Threei} oil numbers soon
[10:48] {magoo} stopped rimm
[10:52] {dino} whers' my rally
[10:52] {Threei} UAUA forms ascending triangle on 1 min
[10:53] {Threei} if oil numbers are good and USO drops, has a chance to jump
[10:53] {magoo} here it comes dinop
[10:55] {dino} oh ohh, then market will crash i guesss w/good oil numbers
[10:55] {dino} oil cruished this week, markets crushed
[10:55] {dino} no reasoning
[10:56] {Threei} yeah, change of paradigm
[10:59] {Threei} wow
[10:59] {magoo} magoo looking up word in pistionary
[11:00] {Threei} DOE CRUDE: -1.9M V UNCHANGED EST.;
[11:00] {Threei} GASOLINE: -1M V -1.5ME; DISTILLATES: +413K V +800KE; UTILIZATION: 88.7% V 87.5%E
[11:00] {Threei} *API Inventory:
[11:00] {Threei} - Crude Inventories: +4.2M
[11:00] {Threei} - Gasoline: +935K
[11:00] {Threei} - Distillate:-157K
[11:00] {dino} what they hell is a pistionary
[11:02] {Threei} sitting out this jerkiness, letting market sort it out
[11:03] {Threei} morning was fgood, no need to spoil it gambling right now
[11:03] {Threei} fgood is good with fat fingers, not what you thought
[11:12] {dino} v sm wynn l .08
[11:14] {dino} afam stop to .15
[11:14] {dino} out .12 slip, +1.11
[11:15] {Threei} looks like back to business as usual for oil
[11:15] {Threei} wow dino
[11:16] {dino} lucky
[11:16] {Threei} watch for another sharp red bar USO
[11:16] {Threei} try to grab UAUA for scalp
[11:16] {Threei} ugh, happened as I typed
[11:17] {dino} aug lows dji
[11:17] {dino} dino wondering how the talking heads feel about tuesday morning worst is over crap
[11:18] {Threei} they long forgot about it
[11:18] {Threei} their attention span is less of that of daytraders
[11:19] {Threei} anyone got UAUA?
[11:19] {dino} ocln positive, strange
[11:20] {Threei} mama mia oil
[11:20] {dino} rally time imo
[11:20] {dino} pcln i mean
[11:20] {Threei} straight down
[11:21] {dino} bucy chart ouch 72 to 51 in 4 days
[11:22] {dino} rally not happening
[11:22] {dino} ok patience -300 coming
[11:22] {Roman} time to flip some houses
[11:23] {dino} :)
[11:32] {Threei} TSX is getting third day of cruel beating
[11:32] {Threei} down over 300
[11:33] {esemde} see ya tomorrow all.....still swing long NVDA
[11:33] {Threei} take care ese
[11:37] {dino} afam drop
[11:39] {patience} ok, just did a 10k run, did i miss anything?
[11:39] {Threei} lol... a lot actually
[11:39] {Threei} have a look at USO chart
[11:39] {Threei} it did its 10K as well :)
[11:40] {pita} cu all tomorrow
[11:40] {magoo} pita:)
[11:40] {Threei} take care pita
[11:42] {magoo} l aapl here .70 sm
[11:43] {magoo} stop .09
[11:43] {magoo} 300 shares..so stop 180 bux
[11:43] {magoo} lay out .31
[11:44] {dino} ilmn v sm l .23
[11:44] {magoo} hell take .25
[11:45] {magoo} Out .55
[11:47] {magoo} tough crowd
[11:47] {magoo} easy button trade
[11:47] {patience} magoo...your my hero!
[11:47] {dino} lol
[11:47] {magoo} one minute trade with straight up
[11:48] {Threei} OK, I gought hard but can't resist
[11:48] {Threei} wtg magoo
[11:48] {Threei} gought = fought
[11:48] {Threei} oil low volume bounce
[11:49] {Threei} watch if it gives that red bar from here
[11:49] {Threei} UAUA is at good point for bounce
[11:50] {dino} out ges .44 +.36
[11:50] {_csepulve33} good morning
[11:50] {Threei} hi csepulve
[11:51] {dino} gm 33
[11:52] {magoo} vad, u stiull got that rally monkey?
[11:52] {Threei} no... gotta search for it
[11:52] {magoo} we need it
[11:53] {magoo} rrrrrrrrraaaaaaaaaallllllllllllllllyyyyyyyyyyyyyyyy
[11:56] {_andresy} Goog morning
[11:56] {Threei} hi andresy, welcome
[11:56] {_andresy} Hi csepulve
[11:57] {_andresy} Hi Threei
[11:57] {Threei} oil upward move put a dampening cloth on rally for now magoo
[11:57] {_andresy} So, how are you doing far?
[11:58] {Threei} rather well, thank you
[11:58] {_andresy} Good
[12:00] {Threei} USO feels to break 87 now, which should take UAUA under 12.20, with closer to 12 being bounce level
[12:01] {dino} welcome to the jungle andresy
[12:01] {dino} good day
[12:02] {_andresy} Thank you
[12:02] {_andresy} dino
[12:02] {_andresy} Bearish day, but i was expecting oil to go high
[12:05] {dino} don't expect
[12:06] {magoo} well vad..find monkey now while your sleeping..we gonna need him
[12:08] {dino} spnc
[12:08] {Chaeron} morning all
06[12:08] * magoo slaps Chaeron around a bit with a large trout
[12:08] {Threei} chaeron :)
[12:09] {Chaeron} thanks magoo... me you get in 2 seconds, Dave it takes you an hour
[12:10] {magoo} well...u a priority
[12:11] {dino} spnc bv sm l .20 risky
[12:11] {Chaeron} awwww... I feel special
[12:13] {Threei} Short Setup: UAUA .19 if stays below .25
[12:13] {Threei} just a scalp
[12:30] {Threei} invalidated
[12:36] {dino} spnc stop is .98 wicked
[12:40] {Threei} RIMM
[12:40] {Threei} watching for short
[12:40] {Threei} into bounce - around .15 - .25,
[12:40] {Threei} for breakdown - under .90
[12:44] {Threei} last bounce topped out just under 110.10
[12:44] {Threei} so sop would be above that
[12:44] {Threei} sop is a stop
[12:45] {Threei} look to cover around .50 - .60
[12:46] {Threei} over 1:1
[12:46] {Threei} feel free to take profit as you see fit
[12:47] {Threei} hit target perfectly
06[12:47] * Threei slaps magoo around a bit with a large trout
[12:47] {peterg} very nice call
[12:47] {Threei} ty
[12:48] {dino} lod going to hold? hmmm
[12:48] {Threei} feels like no
[12:49] {dino} feeling the same
[12:50] {dino} ilmn stop to .48
[12:51] {dino} make it .59
[12:51] {dino} spnc stopped -.22
[12:52] {dino} toughy
[12:53] {dino} maybe worth a try around lows
[12:54] {dino} out ilmn .68, +.45 reverse slip, wierd
[12:56] {peterg} weird
[12:57] {peterg} sorry cant help it
[12:58] {dino} lol
[12:58] {dino} was thinking i before e except after c
06[12:59] * Threei slaps laserdave1 around a bit with a large trout
[12:59] {peterg} and sometimes w
06[12:59] * magoo slaps laserdave1 around a bit with a large trout
[13:00] {laserdave1} this market is relentless
[13:00] {laserdave1} wow
[13:00] {Threei} sure is... no snapback after such selloff for days
[13:00] {patience} tsx down -296
[13:00] {Threei} but it's coming
[13:00] {laserdave1} today?
[13:00] {patience} y
[13:01] {Threei} my feel is at this moment:
[13:01] {Threei} one more test of low, then upward thrust
[13:02] {Threei} if/when it comes, RIMM should be good for couple points
[13:03] {magoo} i cant remember when RIMM was down over 5 pts 3 days straight
[13:04] {Threei} if you are willing for a few attempts:
[13:04] {Threei} one would be RIMM long here with stop under .50
[13:04] {Threei} another, long on 110 break if holding aabove .70
[13:04] {magoo} how about AAPL vad?
[13:05] {Threei} not sure
[13:05] {Threei} less readable to me
[13:05] {dino} spnc halted
[13:06] {Threei} earlier on it:
[13:06] {Threei} WEAKNESS ATTRIBUTED TO VAGUE RUMOR OF REGULATORS RAIDING OFFICES OF THE COMPANY
[13:06] {Threei} - also chatter that the company has cancelled a conference call with Barrington today.
[13:06] {Threei} - reminder: the stock was cut to Sell by Goldman Sach early this morning
[13:07] {Threei} here comes test of the low
[13:07] {Threei} RIMM not making new low so far
[13:07] {Threei} AAPL does
[13:07] {Threei} RIMM remains my choice for a bounce play
[13:08] {Threei} in RIMM
[13:08] {Threei} got .65
[13:08] {Threei} stop under .40
[13:08] {Threei} reminder, be ready for a few tries
[13:08] {laserdave1} hopefully market double bottoms
[13:09] {Threei} AAPL new lows again
[13:10] {Threei} NQ jump over 1800 should start meaningful bounce now
[13:11] {Threei} come on market, grow a set, will ya
[13:12] {patience} nice vad, i'm betting we drop below 11k on the dow in next few days
[13:12] {laserdave1} long rimm and aapl
[13:12] {Threei} very possible patience
06[13:13] * Chaeron slaps laserdave1 around a bit with a large trout
[13:13] {Threei} selling is so sustainable, I woj't be surprized to see more of it
[13:14] {Threei} AAPL puts a lid on a bounce
[13:14] {laserdave1} stopped aapl
[13:14] {Threei} told ya it was no good
[13:14] {Threei} weakest link
[13:14] {laserdave1} i am just palying market bounce
[13:15] {laserdave1} but was rong
[13:15] {laserdave1} they jigged it lower
[13:15] {Threei} now with AAPL
[13:15] {Threei} RIMM is better choice
[13:15] {Threei} now = not
[13:15] {Threei} now worky
[13:15] {Threei} lol... now = no
[13:16] {Threei} and see who led new leg down
[13:16] {Threei} AAPL did
[13:19] {laserdave1} ok im long \both again
[13:19] {laserdave1} tight stops
[13:19] {Threei} magoo
[13:20] {Threei} http://www.rallymonkey.com/oldvideo.php
[13:21] {Threei} selloff is not done yet IMO
[13:21] {Threei} bounce attempts are unconvincing
[13:21] {Threei} not rushing in for another attempt
[13:22] {patience} tsx down -351, going lower imo
[13:28] {dino} ok give us the whoosh down
[13:28] {dino} -300 patience
[13:29] {patience} -375
[13:29] {patience} nasty nasty nasty
[13:29] {Threei} FED'S FISHER: SEES ANEMIC US GROWTH OVER THE NEXT SEVERAL QUARTERS, DECLINES IN COMMODITY PRICES MAY NOT LAST - USA TODAY INTERVIEW
[13:34] {Threei} back in RIMM
[13:34] {Threei} got .85
[13:34] {Threei} sorry, late post
[13:34] {magoo} lol .76
[13:34] {Threei} too fast
[13:34] {Chaeron} arrg
[13:34] {Chaeron} nice job you two
[13:35] {Threei} half out .35
[13:35] {Threei} +.50 if my math is right
[13:36] {Threei} .79 stop
[13:36] {Threei} stop to .95, no lose territory
[13:37] {Threei} offering .95
[13:37] {magoo} out .60
[13:37] {magoo} ty
[13:38] {Threei} 109.95 that is... while stop is at 108.95
[13:38] {Threei} to make sure my handles are right :)
[13:38] {Threei} good one mags
[13:38] {Threei} didn't take long too
[13:39] {Threei} why did I forget to return to UAUA short when it reinstated itself?
[13:39] {laserdave1} i think bounce again now
[13:39] {laserdave1} lol
[13:39] {laserdave1} can the market really be this sick
[13:39] {Threei} worked perfectly of .20 breakdown
[13:39] {Threei} sigh... attention span of a moth
[13:40] {Threei} dave... "market can stay irrational longer than you can stay solvent" :)
[13:40] {Threei} that's why they inveneted stops
[13:40] {laserdave1} bear markets can last years
[13:40] {Chaeron} and poor houses
[13:40] {laserdave1} it was like an exprssion
[13:40] {laserdave1} like how relentless
[13:41] {laserdave1} dow can easily test 10k
[13:41] {Threei} so what
[13:41] {Threei} we have big red day roday, yet go over calls
[13:41] {Threei} nicely in profit
[13:42] {laserdave1} you are misunderstanding me
[13:42] {Threei} nah
[13:42] {laserdave1} some of my biggest days are when markets go down
[13:42] {Threei} I am just looking for an excuse to slap you
[13:42] {laserdave1} u dotn need an excuse
[13:42] {laserdave1} uknow that
[13:42] {Threei} on second thought... really
06[13:42] * Chaeron slaps laserdave1 around a bit with a large trout
[13:42] {Threei} why do I need an excuse
[13:42] {Chaeron} see?
06[13:42] * Threei slaps laserdave1 around a bit with a large trout
[13:43] {Threei} you are right chaeron
[13:43] {dino} most of my biggest are days like this
[13:43] {Threei} raise your hands who is in the money today
[13:44] {dino} :)
[13:44] {Threei} smile will do to
06[13:44] * Threei slaps dptl around a bit with a large trout
[13:44] {Threei} I know you are
[13:45] {Threei} what, that's it? who am I calling them for
06[13:45] * Threei is ready to remove himself to monastery
[13:45] {patience} i'm waiting vad....getting ready to go shopping :)
[13:46] {Threei} after 3 days of window shopping? :)
[13:46] {dino} oil moving up
[13:46] {patience} i'm just waiting for some ag stocks to hit technical lows
[13:46] {dino} 4.7% pretty good 3 day discount
[14:02] {Threei} getting tempted by RIMM again
[14:04] {Threei} missed I guess
[14:04] {Chaeron} was just going to ask
[14:04] {Threei} hesitated too long
[14:05] {Threei} 109.05 trigger if holding .90
[14:07] {Chaeron} invalidated?
[14:07] {Chaeron} it's froggy
[14:07] {Threei} hard to tell
[14:07] {Threei} a bit too jumpy
[14:08] {Threei} ok, in
[14:09] {Threei} stop under .70
[14:12] {Threei} FED'S FISHER: UNFUNDED LONG TERM LIABILITIES POSE THE LARGEST THREAT TO THE US ECONOMY
[14:12] {dino} -5% dji 3 days, getting excessive imo
[14:13] {Threei} and yet
[14:13] {Threei} new wave of selling coming it seems
[14:13] {Threei} out RIMM with chicken feed
[14:13] {dino} 11131 next support
[14:13] {Threei} want to wait it out
[14:13] {Threei} plus 4 cents
[14:13] {Threei} lol
[14:13] {Threei} I better don't spend it all it once
[14:14] {Threei} holding rather well
[14:16] {Threei} RIMM
[14:16] {Threei} HEARING AMTECH CUTTING ESTS AND PRICE TARGET TO $190 FROM $205 (TIMING UNCERTAIN)
[14:16] {magoo} where the hek is your ppt
[14:16] {magoo} price protection
[14:17] {Threei} 190?
[14:17] {Threei} lol
[14:18] {Threei} PIMCO'S GROSS: MARKETS NEED $400-500B OF NEW CAPITAL TO STEM FLOW OF ASSET DELEVERAGING - CNBC COMMENTS
[14:18] {Threei} - Treasury is hindered by upcoming election
[14:18] {Threei} - at this point unwilling to buy into new capital raising rounds by financial institutions
[14:19] {patience} tsx down 1000 points in 3 days, nbow down -410 oh my my
[14:20] {Threei} why did we ever cover that LEH short?
[14:20] {peterg} what is asset deleveraging? loans called?
[14:21] {Threei} freeing bank balancer sheets from mortgage exposure, as I read it
[14:21] {Threei} by whatever means it could be done
[14:23] {dino} dji -601; 11790-11189
[14:23] {Threei} but you better verify with someone better versed in bank-speak
[14:23] {dino} putting on some sm swings
[14:24] {Threei} to me, all statements by those people come to "we want to sell you something" and "oh no, don't try to do it yourself"
[14:25] {dino} ges sm l .90
[14:25] {Threei} the day I find financial advisoer working in a local bank branch who made a single dime by trading his own money will be the day I mark in my calendar and celebrate every uear from than moment on
[14:31] {dino} fed's yellen is yelling on cnbc
[14:32] {dino} commodity drops helping fed: read no increase, perhap[s room to cut if they must
[14:32] {Threei} FED'S YELLEN: SLUGGISH GROWTH SEEN IN 2H08,, INFLATION RISKS HAVE FALLEN, BUT STILL AT FOREFRONT, PRICING PRESSURES HAVE NOT DISAPPEARED,SEES INFLATION SLOWING IN 2009, INFLAT
[14:32] {Threei} - Notes does not see a wage price spiral,
[14:33] {dino} hard to spiral w/cuts
[14:33] {dino} in jobs
[14:33] {Threei} you are good at decoding fed-speak dino
[14:33] {Threei} FED'S FISHER: FNM AND FRE ARE FOR THE TREASURY TO HANDLE - Q&A
[14:33] {dino} lol
[14:34] {Threei} Treasury: what?? why us??
[14:35] {Threei} - Notes does not see a wage price spiral, expects inflation to fall to just above 2% in 2009
[14:35] {Threei} - Pricing pressures have no disappeared, but tight credit conditions are making rate policy more difficult, US enduring a 'severe' credit crunch
[14:35] {Threei} - Sees housing prices falling further, overseas economices are suffering from slow US economy
[14:36] {Threei} what's their salary?
[14:36] {Threei} I can make all these statements for 10% of what they get
[14:37] {Threei} save their shareholders a lot of money
[14:39] {_csepulve33} any salmon on the market?
[14:40] {Threei} OMCL is
[14:40] {Threei} GEOY
[14:40] {dino} mdvn, apol, skf
[14:40] {dptl} have a good rest of the day all.......see ya tomorrow:)
[14:41] {dino} tlt
[14:41] {Threei} TASR
[14:41] {dino} clne
[14:41] {Threei} take care dp
[14:41] {dino} ges
[14:41] {dino} cya dp
[14:44] {cosmo} CLNE up
[14:45] {cosmo} 19
[14:46] {cosmo} testing
[14:47] {cosmo} passes
[14:48] {dino} gj
[14:49] {cosmo} maybe...
[14:50] {dino} pcln
[14:58] {dino} up we go
[15:00] {_csepulve33} any oportunity?
[15:00] {dino} indeed
[15:00] {dino} rimm, ges, pcln,
[15:01] {dino} ilmn
[15:01] {dino} ones from earlier trades imo
[15:05] {magoo} VVVVVVVVVVAAAAAAAAAAAADDDDDDDDDDDDDDDD
[15:05] {magoo} read rimm please
[15:05] {_csepulve33} up
[15:05] {Threei} R
[15:05] {Threei} I
[15:05] {Threei} two Ms
[15:05] {Threei} get it on pullback
[15:05] {_csepulve33} double bottom?
[15:06] {Threei} .30 is nearest support fo it
[15:10] {Threei} first strength from here
[15:11] {Threei} stop under .30
[15:11] {magoo} in .49
[15:13] {Threei} OMCL up 25 cents since mention
[15:14] {Threei} salmons are salmons
[15:15] {_csepulve33} INTC support break
[15:16] {Threei} RIMM over 1:2 with .50 or so entry
[15:16] {Threei} over 1:1 sorry
[15:18] {magoo} was wait .89
[15:18] {magoo} missed
[15:22] {Threei} wow... more panic
[15:24] {dino} ?
[15:28] {Threei} back in RIMM for bounce scalp
[15:28] {Threei} stop under .70
[15:29] {Threei} no worky
[15:29] {Threei} been a serious while since selling was that relentless
[15:30] {Threei} usually even on big red days we were getting nice bounce closer to end of day
[15:30] {Threei} look at that
[15:31] {laserdave1} RIMM violence
[15:32] {magoo} ive never seen RIMM so bad for 3 days straight
[15:33] {Threei} actually, 5 red days in a row on it
[15:33] {dino} pcln stop to .64
[15:33] {Threei} accelerating
[15:33] {dino} out +.62
[15:34] {dino} in june vad, look at rimm chart
[15:34] {laserdave1} qqqq big bar up
[15:34] {laserdave1} they have stuffed every rally atttmept
[15:34] {laserdave1} so we will see
[15:36] {dino} darn, missed my entry ilmn, now up .80
[15:36] {dino} xto, chk green...natural gas
[15:40] {dino} out ges .55 -.35
[15:42] {Threei} gosh... I didn't prepare that much popcorn for today
[15:49] {dino} ok gotta hop, baseball
[15:49] {dino} thx all
[15:49] {Threei} take care dino
[15:49] {peterg} later big buy
[15:49] {peterg} guy
[15:49] {Threei} mags... and we thought we would get a snapback day today, eh? :)
[15:49] {_andresy} Bye dino, thank you
[15:50] {Threei} -320 DJI instead
[15:50] {Threei} -50 NQ
[15:50] {peterg} snap tomorrow
[15:51] {peterg} maybe
[15:51] {peterg} since we are philosophical probabalists
[15:51] {_csepulve33} good bye take care
[15:51] {peterg} probababalistic philosophers. by 33
[15:52] {Threei} ese's NVDA held not too bad actually
[15:52] {peterg} by swing did he mean overnite
[15:53] {Threei} possibly longer
[15:56] {Threei} finishing at the low
[15:58] {Threei} wow... can't stop watching :)
[15:59] {peterg} sense of carnage?
[15:59] {Threei} close to it
[15:59] {peterg} yep
[15:59] {patience} sense of puking yet?
[15:59] {peterg} feel good so far
[15:59] {peterg} in cash for months now
[15:59] {patience} laughing, not you, the market
[16:00] {Threei} that's a good feeling
[16:00] {Threei} imagine being fully invested
[16:00] {patience} just started some buying
[16:00] {Threei} now if you think that's bad - imagine being fully margined
[16:00] {patience} laughing, oh well, i can hold em
[16:01] {Threei} ok guys, thank you all
[16:01] {Threei} have a good evening
[16:01] {Threei} tomorrow will be very interesting
[16:01] {peterg} thks, gnight, till tmo
[16:01] {peterg} yes

Sep 03 2008

Session Time: Wed Sep 03 00:00:00 2008
[08:50] {Threei} Good morning
[08:50] {Threei} watching ABK
[08:51] {Threei} 09/02/08 04:41pm [ABK] Receives regulatory approval for Connie Lee capital contribution - formal release
[08:51] {Threei} 09/02/08 04:56pm [ABK] Releases selected monthly data for July 2008; July normal premiums earned $53.1M v $53.1M quarter to date
[08:52] {Threei} 8 is daily resistance
[08:52] {Threei} broken slightly earlier
[08:58] {tomg} good morning
[08:59] {fernp} Good morning all
[09:00] {Threei} tom, fern :)
[09:02] {cosmo} SIGA
[09:02] {Threei} [SIGA] SIGA Technologies, Inc Wins $55M US govt to Develop Broader Applications for its contract Lead Drug Candidate ST-246
[09:02] {Threei} hmmm
[09:03] {Threei} isn't it same 55 mil announced last week?
[09:03] {cosmo} i like st-357 ...personally
[09:04] {Threei} it's shortable
[09:04] {Threei} worth watching for a sell-the-news
[09:05] {cosmo} Briefing.com(Wed 8:01am)
[09:05] {Threei} 08/29/08 02:54pm [SIGA] SIGA Technologies, Inc Update: Reportedly awarded $55M contract from the NIH
[09:06] {cosmo} hmm
[09:06] {esemde} good morning....
[09:06] {Threei} ese :)
[09:10] {dptl} good morning all
[09:10] {Onix} good morning everybody
[09:11] {Threei} dp, onix :)
[09:15] {magoo} ygfhjh
[09:16] {Threei} kolting, mgortkle
[09:16] {cosmo} "
[09:16] {dino} gm all
[09:17] {dino} mdvn
[09:17] {Threei} dino :)
[09:19] {tomg} uaua vad?
[09:20] {Threei} mirrors USO still
[09:20] {Threei} not sure for now
[09:20] {Threei} I feel safer playing UAUA off sharp USO moves
[09:20] {tomg} ty
[09:20] {Threei} when UAUA gives that little delay for entry
[09:21] {Threei} those plays are almost infallible
[09:21] {dino} joyg beats and drops hard again
[09:21] {dino} frx strange, studies ok
[09:22] {pita} gm everyone
[09:22] {Threei} pita :)
[09:22] {Threei} yesterday'
[09:22] {Threei} s high is 4.13 for SIGA
[09:23] {Threei} want to see wtehter this development brings sustainable buying, or it's a one day wonder
[09:24] {cosmo} needs to hold 3.90 imo
[09:25] {cosmo} should hold 4 imho
[09:30] {Threei} wow
[09:30] {Threei} what was that on UAUA
[09:31] {magoo} getting nasty
[09:36] {Threei} COIN
[09:36] {Threei} pullback closer to 6 is for long entry
[09:38] {Threei} stock is volatile, buying .25 break is very risky
[09:38] {dino} 11330 target dji
[09:39] {Threei} if USO spikes sharply through 87.60, UAUA short under .70
[09:39] {Threei} with stop above .80
[09:40] {Threei} in .68
[09:40] {magoo} in .676
[09:41] {Threei} I guess we missed COIN
[09:41] {magoo} in .38
[09:41] {Threei} wow
[09:41] {Threei} that's a lot of chasing
[09:41] {Threei} if you wanted a break .30 was available
[09:41] {magoo} saw it beraking out
[09:42] {magoo} out .65
[09:42] {magoo} TY
[09:42] {Threei} welcome... gutsy :)
[09:43] {magoo} weird..magoo tajking a gutsy play
[09:43] {Threei} really
[09:44] {dino} v sm v wide, mdvn l .00
[09:45] {peterg} gm all
[09:45] {Threei} peter :)
[09:47] {Threei} finally UAUA
[09:47] {Threei} 1:1
[09:48] {Threei} ugh, we forgot to short SIGA
[09:51] {Threei} Short Setup: SIGA .70 half lot
[09:51] {GeoArb} gm
[09:51] {Threei} stop above .80
[09:51] {magoo} vad..look coin
[09:51] {Threei} Geo :)
[09:51] {magoo} just phoned me
[09:51] {Threei} I know
[09:51] {Threei} I gave it your phone number
[09:52] {magoo} ahhhhhh
[09:53] {Threei} Long Setup: JASO 17 break if stays above .90
[09:53] {Threei} wow
[09:53] {Threei} had bid to cover 3.56 on SIGA
[09:54] {Threei} got hit for 433 shares
[09:54] {Threei} 67 left
[09:55] {Threei} FED DOES NOT CONDUCT OPEN MARKET OPERATIONS AT THE USUAL TIME OF 9:30AM
[09:55] {Threei} why?
[09:55] {Threei} no need or no mopney?
[09:55] {patience} they took the day off?
[09:56] {magoo} in jaso
[09:56] {magoo} .99
[09:58] {magoo} sheesh, thats it'
[09:58] {Threei} hit 1:1, then market retreated a bit
[09:59] {Threei} recovers now
[09:59] {Threei} stop is still under .90
[09:59] {magoo} not complaining..just man o man..a scalpers mkt
[10:00] {GeoArb} *JULY FACTORY ORDERS: 1.3% V 1.0%E- prior revised from 1.7% to 2.1%
[10:00] {Threei} JULY FACTORY ORDERS: 1.3% V 1.0%E
[10:00] {Threei} - prior revised from 1.7% to 2.1%
[10:01] {Threei} let's scratch SIGA if hits .75
[10:01] {Threei} OK mags, second chance is coming
[10:02] {magoo} .31 area}?
[10:02] {Threei} why don't you partial
[10:02] {magoo} or 1:!?
[10:02] {Threei} and let it decide
[10:02] {Threei} half out, stop to .94
[10:02] {magoo} ok. ..out .12 half
[10:03] {esemde} NVDA possibly hit botom here....
[10:05] {Threei} VPHM
[10:05] {Threei} Long Setup: VPHM 15 break
[10:05] {Threei} 14.84 stop
[10:05] {dino} mdvn stop to .09
[10:07] {Threei} JASO doesn't retreat much with market this time
[10:07] {Threei} encouraging sign
[10:07] {esemde} vad ...do you bstop that at 15 or 15.01
[10:08] {Threei} 15.01, but will hit it if 15 scrolls fast
[10:08] {esemde} VPhm that is
[10:08] {Threei} I do it manually
[10:08] {esemde} tks
[10:08] {Threei} limit about 15.03
[10:09] {dino} out mdvn .09, +1.09
[10:09] {Threei} clicking when/if 15 melts down as if all global warming concetrated in this single stock
[10:10] {esemde} hmmmmm interesting analygy
[10:11] {esemde} write that book....global warming and stock trading
[10:11] {peterg} wtg dino
[10:11] {Threei} no worky second half JASO
[10:11] {magoo} stopped remainder JASO .89
[10:11] {Threei} beauty dino
[10:15] {Threei} OK, let's see if this market bounce takes VPHM through the resistance
[10:15] {magoo} vphm held well in that selloff
[10:15] {Threei} acts like salmon so far
[10:15] {Threei} yup
[10:15] {tomg} abk
[10:15] {Threei} and making 52 week highs while market is like this is impressive
[10:16] {magoo} wheres your exit?.13
[10:17] {Threei} am I going senile or what
[10:17] {Threei} commented on ABK
[10:17] {Threei} [08:52] {Threei} 8 is daily resistance
[10:17] {Threei} [08:52] {Threei} broken slightly earlier
[10:17] {Threei} and forgot to watch it for a break?
[10:17] {Threei} sigh
[10:22] {pita} what's with USO / UAUA ?
[10:22] {Threei} nothing happens there
[10:22] {Threei} both stalled
[10:23] {dino} thx peter
[10:23] {Onix} vphm?
[10:23] {Threei} ?
[10:24] {Threei} triggered
[10:24] {Threei} wow... now UAUA is moving sharply
[10:25] {Onix} in @ 15.01
[10:25] {Threei} didn't get advance lead from USO
[10:26] {Threei} PREVIEW: AUG US VEHICLE SALES NUMBERS EXPECTED THROUGHOUT THE DAY FROM MAJOR AUTO MAKERS
[10:26] {Threei} **consensus estimates:
[10:26] {Threei} - Ford: -21%e (usually released at Noon ET).
[10:26] {Threei} - GM: -29%e (usually released around 1:45pmET).
[10:32] {dino} watching pcln
[10:32] {Threei} VPHM stop to .89
[10:33] {Threei} I need my decoder ring for this
[10:34] {Threei} UBS'S WEIL: US MARKET IS NOT "A PLACE YOU CAN STAY AWAY FROM"
[10:34] {dino} or stay in
[10:34] {Threei} lol
[10:38] {dino} sm l mdvn .10
[10:43] {Threei} VPHM stop to .94
[10:43] {Threei} hit 1:1
[10:43] {Threei} time to trail the stop whether you partialled out or not
[10:49] {dino} pcln sm l .10
[10:55] {dino} v sm wide l rimm .00
[10:58] {Threei} CLNE got new portion of TV hype
[10:58] {Threei} trailing stop hit VPHM
[11:00] {Threei} sharp down USO
[11:01] {magoo} is the qqq correlated also to uso?
[11:01] {Threei} often
[11:01] {Threei} there are days when market is all about oil
[11:01] {Threei} then you see good correlation
[11:07] {magoo} sao let me bring it home...uso drops..qqqq pops...and aapl rocks
[11:07] {dino} not yesterday
[11:08] {Threei} unless it's a day when AAPL moves on its own, yes
[11:08] {Threei} yesterday market was just plain s3elling throughout the day
[11:09] {Threei} look at AAPL/RIMM divergency today
[11:09] {Threei} don't know what gives
[11:09] {dino} yeah w/oil/uso down multiple dollars
[11:10] {Threei} yup... even though oil went up on intraday, market weakness was not corresponding
[11:10] {Threei} as oil worries ease, market finds other things to worry about
[11:11] {Threei} and sheesh, are there such things
[11:22] {Threei} RIMM
[11:22] {Threei} watching for short
[11:22] {Threei} .50 trigger
[11:23] {Threei} look to cover under .30
[11:23] {Threei} stop above .70
[11:26] {Threei} no worky... 5 cents shy of target
[11:30] {Threei} ugh... shakeout
[11:31] {Chaeron} dang... that's just rude.... 'morning all
[11:31] {magoo} thats what i believe has been tough of late..seems there are more shakeouts than yrs before
[11:32] {Threei} hi chaeron
[11:34] {Threei} Nissan REPORTS AUG US VEHICLE SALES UP 14.2%
[11:35] {magoo} up???
[11:36] {Threei} can you believe it
[11:36] {Threei} awww RIMM
[11:36] {Threei} it IS rude
[11:38] {Threei} repeat of yesterday dino... oil is down, market goes down nonetheless
[11:38] {dino} y
[11:38] {magoo} yeah..pointer
[11:38] {Threei} TSX is getting killed again
[11:38] {dino} seems to me all we have is a wide trading range
[11:39] {Threei} well, if we repeat yesterday RIMM is going to be a two points bouncer later on
[11:39] {peterg} just say the word
[11:40] {Threei} waiting for now
[11:40] {peterg} right
[11:40] {Threei} rfemember how RIMM bottom formed yesterday?
[11:40] {Threei} wasn't a V type
[11:40] {magoo} double bottom
[11:40] {Threei} it stabilized for a while, then got upside momo
[11:40] {Threei} yes, formed double bottom
[11:41] {Threei} what's with URRE?
[11:42] {Threei} no news that I see
06[11:42] * Threei slaps laserdave1 around a bit with a large trout
06[11:42] * Chaeron slaps laserdave1 around a bit with a large trout
[11:42] {dino} problem is markets want to test the bottom of range 1800 ndx, 11330 dji
[11:42] {Threei} magoo??
[11:43] {dino} rimm was leader yesterday on the bounce
[11:43] {Threei} OK, one more pullback on RIMM{ bottoming not lower than .30,and break of .50
[11:43] {dino} afam hmmm
[11:43] {Threei} will be first attempt worth a try
[11:45] {Threei} just a scalp, not ready for a big bounce yet IMOout +.25
[11:46] {Threei} anyone got it?
[11:47] {magoo} vad, noyt even a minute between your calll, in out
[11:47] {magoo} no
[11:47] {peterg} in out for .12
[11:49] {magoo} just saying..if sleeping..tough to wake up..get bearings..look at pick..hit it..get out...and ty all in minute
[11:49] {Threei} lol
[11:49] {Threei} I assumed you had it on screen and watched it
[11:49] {magoo} yup
[11:49] {magoo} always
[11:50] {Threei} was sufficient time for entey then... wake up will ya
[11:50] {magoo} i think u shopuld play rimm aapl more...u read them well
[11:50] {Threei} well, it's not about read only
[11:50] {magoo} OY..here he goes
[11:50] {Threei} risk on those is beyond tolerance of many
[11:50] {Threei} don't want to focus strictly on this kind
[11:51] {Threei} I know you like bloody roast beef mags... but I cook for pasta fans too :)
[11:52] {Threei} anyone sees anything behind URRE move?
[11:52] {Threei} are we building nuclear reactors already all over NA?
[11:52] {Threei} sorry... nucular
[11:53] {magoo} uh vad...look to your right
[11:53] {magoo} u too chjaewr
[11:53] {magoo} chear
[11:54] {dino} ttwo
[11:54] {Chaeron} ?
[11:54] {magoo} sheesh
06[11:55] * magoo slaps laserdave1 around a bit with a large trout
[11:55] {Chaeron} [08:40] * Threei slaps laserdave1 around a bit with a large trout
[11:55] {Chaeron} [08:40] * Chaeron slaps laserdave1 around a bit with a large trout
[11:55] {Threei} jeez
[11:55] {Threei} he IS sleeping
06[11:55] * laserdave1 slaps Threei around a bit with a large trout
[11:55] {Chaeron} not as bad as him getting me to look out my window......
[11:55] {laserdave1} o sorry was it magoo who slapped me?
06[11:55] * laserdave1 slaps Threei around a bit with a large trout
[11:56] {Chaeron} great aim Dave...
[11:56] {laserdave1} ty
[11:56] {pita} later all
[11:56] {laserdave1} market crazy candle
[11:56] {Chaeron} bye pita
[11:56] {Threei} take care pita
[12:01] {Threei} F
[12:01] {Threei} REPORTS AUG VEHICLE SALES -26.6% V -21%E
[12:01] {Threei} - Cutting 2H North American production forecast
[12:02] {Threei} RIMM not making new low
[12:04] {Threei} OK... RIMM long with stop under .50
[12:04] {Threei} this time more than scalp
[12:05] {magoo} where u in? i .78
[12:05] {Threei} .76
[12:05] {Threei} immaterial difference
[12:06] {Threei} if holding above .50, should take 116 and try for 16.50
[12:06] {Threei} hope no shakeout this time
[12:06] {magoo} yeah
[12:06] {laserdave1} nice bid
[12:06] {magoo} thats roman
[12:07] {Threei} real too
[12:07] {Threei} takes sellers
[12:08] {Threei} come on, move
[12:08] {magoo} kickin it vad
[12:08] {Threei} hate it when it takes so long to jump while such bidder supports it
[12:10] {laserdave1} had to take it
[12:10] {laserdave1} thanks for trade Vadster
[12:10] {Threei} you sure you kicked right side magoo?
[12:10] {magoo} yeah
[12:10] {Threei} didn't work yet dave
[12:10] {Threei} market sharp downtick
[12:10] {Threei} grrr
[12:11] {magoo} ditto grr
[12:12] {peterg} again, stupidity prevails-bot, sold, ss, covered. little loss
[12:12] {Threei} hmm?
[12:12] {peterg} hit sell twice in exit
[12:12] {Threei} double clicking or what?
[12:12] {Threei} oh I see
[12:12] {peterg} yep
[12:13] {peterg} should wear gloves
[12:16] {dino} ttwo l sm .25
[12:18] {dino} afam sm l .50
[12:19] {dino} dji -3%+ since yesterday
[12:20] {Threei} next try is coming
[12:21] {Threei} break of .50 long
[12:21] {magoo} aapl too
[12:21] {Threei} stop under .30
[12:21] {Threei} don't play these stocks if not willing to take a few stops
[12:21] {Threei} idea is, small stops and hunting for a big bounce
[12:22] {magoo} small shares too vad{tell them}
[12:22] {Threei} lol... I believe it's a given on RIMM/AAPL
[12:23] {dino} smaller shares wider stops
[12:24] {Threei} OK... NQ has a feel of finding the bottom finally
[12:24] {Threei} let's see if this is the entry
[12:25] {Threei} also, AKAM .61 long if stays above .50
[12:26] {Threei} this one is just a scalp
[12:30] {magoo} rimm should go
[12:30] {laserdave1} 45$ big level on qqqq now
[12:31] {magoo} previous resistance?
[12:31] {laserdave1} well just whole numbers are always key
[12:32] {magoo} ah
[12:33] {laserdave1} ok Vad
[12:33] {laserdave1} im in akam
[12:33] {laserdave1} i like it
[12:33] {Threei} gosh, what are you, buying 50 shares of it? Buy 100K, provide us with exit
[12:33] {laserdave1} will hold .50 as stop
[12:34] {laserdave1} lol
[12:34] {laserdave1} sorry
[12:34] {laserdave1} i got 1000 at .61
[12:34] {laserdave1} and buying o more
[12:34] {magoo} he he..i just sold 1k at .61
[12:34] {Threei} lol
[12:34] {laserdave1} haha
[12:35] {peterg} kik it vad
[12:36] {magoo} trook aa[pl long .68
[12:36] {magoo} sm
[12:36] {Threei} need NQ to break 1830 to make these entries truly work
[12:37] {Threei} truly as in grant us something really meaningful, not just another scalp
[12:38] {magoo} wait aapl .31
[12:38] {laserdave1} qqqq .97 bid
[12:39] {Threei} OK NQ
[12:39] {Threei} don't stop now
[12:39] {Threei} bottom is in, just go
[12:40] {Threei} RIMM is not in a hurry to follow btw
[12:40] {Threei} not sure I am jazzed about it
[12:46] {laserdave1} akam shoud bounce here
[12:46] {laserdave1} i hope
[12:49] {Threei} RIMM gave up
[12:49] {magoo} out aapl flat
[12:52] {laserdave1} im long rimm
[12:52] {laserdave1} stop 115
[12:52] {Threei} something isn't right
[12:52] {laserdave1} ya tons of size there
[12:52] {laserdave1} so i will hit the 115
[12:53] {Threei} it wouldn't go with NQ, then dropped even though NQ merely downticked a little
[12:53] {laserdave1} not wait till its gone
[12:53] {Threei} made new low while market stays put
[12:53] {laserdave1} if it goes down i wont miss 115
[12:53] {laserdave1} only got n cuz so much size on that level
[12:53] {laserdave1} if anyone is in
[12:54] {laserdave1} be carefull cuz if that level goes can be nasty candle
[12:54] {laserdave1} sell order .44 in case of rip up
[12:55] {magoo} \dammit aapl
[13:02] {laserdave1} rimm stopped
[13:02] {laserdave1} watch out to downside if breaks .90
[13:05] {laserdave1} rimm u animal
[13:05] {laserdave1} just to stop me out
[13:06] {magoo} this mkt blowws
[13:07] {Threei} today I agree with you
[13:08] {laserdave1} qqqq back above 45$
[13:09] {laserdave1} lets see if we rally
[13:09] {laserdave1} im not calling that though
[13:09] {patience} tsx down -251...just about time to get back into agrium and potash
[13:09] {laserdave1} just watching
[13:13] {laserdave1} market getting stronger
[13:16] {Threei} can't really tell if we start recovery or it's just another bounce before further slide
[13:18] {Threei} ABK is trying to pick up pace again
[13:20] {Threei} setup would be 8.85 long if stays above .70
[13:20] {Threei} withh aggressive entry if market spikes
[13:22] {Threei} US PRES BUSH: OIL WILL BE RELEASED FROM STRATEGIC PETROLEUM RESERVE UPON REQUEST
[13:22] {Threei} {USO}
[13:22] {magoo} request of whom?
[13:23] {dino} me
[13:23] {magoo} i request it to be delivered to my home
[13:23] {Threei} all of it?
[13:24] {Threei} sheik magoo they called him
[13:24] {dino} classic politician, buy it/fill it higher, release it when oil is 1/3 lower. and just think they run the tax system
[13:24] {Threei} lol
[13:25] {Threei} oil spike
[13:25] {dino} seriously, if they had any brains, they would do the reverse and for once make some $ on it
[13:25] {Threei} new low RIMM
[13:26] {Threei} glad I didn't trust the bounce
[13:26] {dino} wow joyg, i'd hate to see what would happen if they lowered guidance
[13:26] {Threei} no kidding
[13:26] {Threei} what a haircut
[13:27] {Threei} IMF'S LIPSKY REPORTEDLY SEES A POSSIBILITY THAT GLOBAL GROWTH MAY MISS THE IMF FORECAST OF 4.1% FOR 2008
[13:27] {Threei} who is growing?
[13:27] {Threei} every country is complaining of recession
[13:33] {laserdave1} RIMM
[13:33] {laserdave1} what a rip
[13:33] {laserdave1} no rhyme or reason
[13:33] {Threei} no
[13:33] {Threei} wasteland of a day
[13:33] {GeoArb} what I am killing it here
[13:34] {Threei} good for you
[13:34] {GeoArb} (killing time )
[13:34] {Threei} ah
[13:34] {GeoArb} heheheh
[13:34] {Threei} first red day since vacation for me
[13:34] {GeoArb} one trade rimm +2
[13:34] {GeoArb} 2 USD I mean
[13:34] {peterg} nice
[13:34] {peterg} I am very advanced; I have no envy
[13:34] {GeoArb} not 2 usd per share
[13:34] {GeoArb} 2 USD period
[13:35] {dino} lol
[13:35] {peterg} got it
[13:36] {GeoArb} i just came back late last night from vegas
[13:37] {GeoArb} took my mom.... and now she wants to buy a house there and watch the bellagio fountain every evening.... (after loosing all her money in bingo_)
[13:38] {Threei} tape those fountains for her
[13:38] {GeoArb} prabably cheaper
[13:38] {Threei} add volcano explosion for good measure
[13:38] {GeoArb} came home n less than 4 hours .... roads are empty
[13:39] {GeoArb} vegas looked empty
[14:00] {Threei} FED'S BEIGE BOOK: US ECONOMIC ACTIVITY HAS BEEN SLOW, RESIDENTIAL PROPERTY IS SOFT
[14:00] {Threei} - Sees moderate price pressures at employment slows, all districts see price pressures
[14:00] {Threei} - Sees export slowdowns in some districts, concentration on purchases of staples
[14:01] {Threei} and market drops on that?
[14:03] {Threei} Ukraine goes right ahead for Georgia fate
[14:04] {Threei} Russian soldiers have already been busy handing out passports to Crimeans to bolster the numbers of Russian "citizens" who might conveniently require Moscow's protection should Russia genuinely fear for the future of its Sevastopol base.
[14:05] {Threei} what the heck is happening today
[14:05] {Threei} do you see these spikes up and down?
[14:06] {dino} it's called the "efficient" market,............not
[14:07] {dino} dji green
[14:07] {Threei} and of course each of those spikes is driven but change in fundamentals
[14:07] {Threei} they are known for changing dramatically in a course of minutes
[14:08] {Threei} but = by
[14:09] {dino} josb
[14:09] {Threei} GM SALES ANALYST: SEEING SIGNS THAT THE US ECONOMY REGAINING TRACTION WITH HOUSING MARKET NEAR A BOTTOM - CONF CALL
[14:14] {Threei} lol, these constant readjustments... summer trading was unusually good,
[14:14] {Threei} now that we are out of it, gotta re-train myself
[14:30] {Threei} ABK is likely ot head for day high
[14:30] {Threei} entry point is toughie
[14:35] {Threei} anyone managed to find an entry?
[14:36] {hawkfan4} .85
[14:36] {Threei} partialling?
[14:37] {Threei} scalping?
[14:37] {Threei} sleeping?
[14:37] {hawkfan4} 1/2 out .98
[14:37] {Threei} OK :)
[14:47] {hawkfan4} b/e stop for the rest, thx
[14:56] {magoo} VAAAAAAADDDDDDDDDDDDDDDDD
[14:57] {Threei} yyeeessss?
[14:57] {magoo} wheres the bounce play?
[14:57] {magoo} 3 pm bounce
[14:57] {Threei} don't know about bounce,
[14:58] {Threei} but intyerested in URRE
[14:58] {hawkfan4} 12:58 URRE Uranium Resources: Color on stock strength (3.26 +1.08)
[14:58] {hawkfan4} URRE is trading up over 40% following Bloomberg report that Uranium Resources is sitting on as much as $7 bln worth of the radioactive mineral and may become a takeover target after the shares plunged 83% this year, along with the fuel's price.
[14:58] {Threei} maybe for overnight hold
[14:58] {Threei} ty hawk
[14:58] {hawkfan4} np, forgot to post it earlier
[14:58] {Threei} this move feels like most likely getting continuation tomorrow
[14:58] {Threei} or at least gap
06[14:59] * magoo slaps Threei around a bit with a large trout
06[14:59] * Chaeron slaps Threei around a bit with a large trout
[14:59] {magoo} dave??
[14:59] {magoo} u up
[15:00] {Threei} hmm
[15:00] {magoo} oh no
[15:01] {magoo} RIMM bottomless
[15:01] {Threei} yup
[15:01] {Threei} told you something wasn't right about it
[15:07] {Threei} so far it doesn't look like 3 pm is going to bring bounce
[15:07] {Threei} breakdown is more like it
[15:17] {_csepulve33} hi everyone
[15:17] {Threei} good affternoon
[15:18] {Threei} watching as URRE trades, more and more convinced it has legs
[15:25] {magoo} u in??
[15:25] {Threei} still watching
[15:26] {Threei} see, it's very possibly an overnight hold
[15:26] {Threei} so don't want rto get in too early
[15:26] {Threei} but obviously running a risk to miss
[15:26] {Threei} maybe half lot
[15:26] {Threei} with idea to add another half in case it drops
[15:27] {Threei} OK, will get half lot at .35 it getting hit or on pullback under 3.20
[15:28] {Threei} VVUS interesting strength
[15:28] {Threei} no clear play
[15:31] {dino} mdvn stopped
[15:33] {Threei} CHRYSLER REPORTS AUG SALES -34% TO 110K UNITS
06[15:34] * magoo slaps patience around a bit with a large trout
[15:34] {patience} why?
[15:34] {magoo} warming up
[15:35] {Threei} great... VVUS up 20 cents from my comment, and I still haven't found a play on it
[15:36] {dino} fpic
[15:37] {magoo} big up day tomorrow coming
[15:37] {magoo} u heard it here firsdt...realitytrader.com/magoostradamous
06[15:38] * Threei buys everything
[15:39] {laserdave1} market is crazy
[15:40] {Threei} SYK
[15:40] {Threei} US GOVT. IS REPORTEDLY INVESTIGATING COMPANY OVER ALLEGED ILLEGAL PAYMENTS TO DOCTORS
[15:41] {magoo} u don't have to yell:()
[15:43] {dptl} have a good evening all
[15:43] {Threei} take care dp
[15:43] {magoo} bye dp
[15:46] {Threei} no news VVUS
[15:48] {Threei} taking my first half lot URRE
[15:49] {magoo} after bell exit or overnite?
[15:49] {Threei} if moves today, fine
[15:49] {Threei} if not, overnight
[15:49] {magoo} i no like overnite
[15:50] {Threei} neither do I
[15:50] {magoo} u seem to do it often {as i run for cover}
[15:50] {Threei} not very often
[15:50] {Threei} some cases deserve a shot
[15:50] {magoo} u gonna get a shot he he
[15:52] {dino} i could use a shot
[15:54] {Threei} T. BOONE PICKENS: OIL PRICE WILL GO ABOVE $150/BBL THIS YEAR
[15:54] {Threei} sigh
[15:55] {peterg} boonie sez that for a reason.
[15:55] {peterg} his new book out, his windmills--he still loves that oil
[15:56] {peterg} the first billion is the hardest
[15:56] {peterg} title
[15:56] {Threei} poor guy
[15:56] {peterg} yep
[15:58] {Threei} sheesh VVUS :(
06[15:58] * magoo slaps Threei around a bit with a large trout
06[15:58] * Threei slaps magoo around a bit with a large trout
[15:58] {Threei} OK guys, thank you all
[15:58] {magoo} why?
[15:58] {Threei} have a good evening, see you tomorrrow
[15:58] {magoo} u 2 boss
[15:58] {Threei} why what?
[15:59] {magoo} why slap?
[15:59] {Threei} oh
[15:59] {peterg} why not gnite
[15:59] {Threei} because I believe in reciprocation, and reciprocator's gotta do what reciprocator's gotta do
[15:59] {magoo} oh
[16:00] {dino} ttwo out -.06

Sep 02 2008

Session Time: Tue Sep 02 00:00:00 2008

[08:59] {Threei} Good morning
[08:59] {patience} morning vad, RT :)
[09:00] {brian3579} gm all
[09:00] {Threei} patience, brian :)
[09:00] {hawkfan4} good morning
[09:00] {Threei} hawk :)
[09:02] {hawkfan4} oil nicely clobbered
[09:02] {Threei} no kidding
[09:02] {Threei} can we have straight down to $80, no bounces please?
[09:04] {cosmo} i would like the bounce off $15 please
[09:04] {Threei} I don't mind
[09:05] {Threei} but keep it to $15.02 if possible
[09:05] {cosmo} 15 looks firm
[09:05] {Threei} as a top of bounce I mean
[09:05] {cosmo} oh
[09:08] {Onix} good morning all
[09:08] {Threei} Onix :)
[09:08] {Threei} nice kickstart to markets, this opening
[09:08] {esemde} good morning....everyone had a great long weekend .....
[09:08] {Threei} ese :)
[09:08] {esemde} hey vad..
[09:08] {Threei} hard not to, with this beautiful streak of weather
[09:09] {fernp} Good morning all
[09:09] {Threei} fern :)
[09:09] {esemde} fabulous weather in the inner harbour yesterday
[09:09] {Threei} volume and breadth will start returning to the markets gradually
[09:09] {esemde} dp....did you make it over
[09:10] {Threei} so we will have to oppoertunity to finally diversify ourt trading vehicles form the narrow circle of stocks of late
[09:11] {cosmo} 3i... how's the Dragon software going?
[09:11] {Threei} haven't had a chance yet
[09:11] {Threei} partciularly, technology sector was abandoned for entire summer
[09:12] {Threei} and depressed enough to provide nice plays when it gets back in ficus
[09:12] {dptl} good morning all
[09:12] {Threei} dp :)
[09:12] {cosmo} let me know when you do ....if you can do it, i can do it
[09:13] {esemde} dp....did you make it over to the island yesterday...
[09:14] {dino} gm all
[09:14] {Threei} dino :)
[09:15] {peterg} gm all also
[09:15] {Threei} peter :)
[09:15] {dptl} ese:)...no i didnt
[09:16] {esemde} ahhh ...too bad we had a great show at Blues Bash....
[09:16] {esemde} as vad said...the weather was perfect
[09:17] {peterg} here in twin cities tv describes Anarchists in the streets............
[09:17] {peterg} good weather too
[09:18] {dptl} :)...we had no summer here
[09:18] {esemde} anarchists in the streets........
[09:18] {peterg} they shouldn't break windows, just protest.
[09:18] {esemde} what are they protesting peter
[09:18] {peterg} RNC
[09:18] {peterg} repub nat cdonventenion is here
[09:18] {peterg} to nominate mccain
[09:18] {esemde} ah in St Louis.....
[09:19] {peterg} st paul!!!
[09:19] {esemde} mineappolis....st Paul
[09:19] {peterg} yes
[09:19] {peterg} wife being canadian, I understand not knowing states and cities
[09:19] {peterg} anmd presidents, etc.
[09:20] {peterg} and us history especially
[09:20] {peterg} all is forgiven
[09:20] {esemde} tks
[09:20] {Threei} lol
[09:20] {peterg} welcome
[09:21] {tomg} gm all
[09:21] {esemde} tom
[09:22] {Threei} tom :)
[09:23] {cosmo} SIGA
[09:24] {cosmo} # Q2 2008 SIGA Technologies Earnings Release - Before Market OpenCCBN(Tue, Aug 12)
[09:24] {cosmo} oops
[09:25] {cosmo} no news
[09:27] {pita} gm all
[09:27] {cosmo} SIGA 4.20 pre mkt high fwiw
[09:28] {Threei} pita :)
[09:29] {Threei} SIGA had news on Fri
[09:29] {Threei} 08/29/08 02:54pm [SIGA] Update: Reportedly awarded $55M contract from the NIH
[09:30] {cosmo} UAUA takes off
[09:32] {dino} pcln
[09:32] {Threei} UAUA pullback to about 13.20 would be of interest
[09:33] {Threei} if oil drops fast, 13.40
[09:33] {dino} hmmm, 11700 area dji again do we finally break the pattern
[09:34] {Threei} a bit more down UAUA please
[09:34] {Threei} almost there
[09:35] {Threei} USO is still upticking
[09:35] {Threei} don't jump in too soon
[09:35] {Threei} wait for USO to reverse
[09:36] {Threei} in
[09:36] {Threei} stop under .20
[09:38] {Threei} half out +.20
[09:39] {Threei} half out STSI 3.50
[09:40] {Onix} 15c in UAUA ty Vad
[09:40] {Threei} :)
[09:43] {Threei} out balance UAUA
[09:43] {tomg} thanks vad
[09:43] {Threei} welcome
[09:44] {Threei} just in time
[09:45] {Threei} powerful break STSI
[09:46] {Threei} out in full 3.69
[09:47] {Threei} not too shabby from 3.21
[09:47] {hawkfan4} nice job
[09:47] {Threei} ty
[09:48] {Onix} missed STSI
[09:48] {Threei} that was overnight hold Onix
[09:49] {Onix} good for you!
[09:49] {Threei} alerted on Fri woth warning that it was not likely to resolve that day
[09:51] {Threei} Long Setup: NVDA .86 with .79 stop
[09:52] {esemde} double bounce Vad.....
[09:52] {magoo} HEY
[09:52] {Threei} yup
[09:52] {Threei} magoo :)
[09:52] {esemde} do you have that as a scan....
[09:53] {Threei} plus, want to start trying techs
[09:53] {Threei} and risk is negligible on this setup, 7 cents
[09:53] {Threei} no
[09:53] {esemde} true
[09:53] {Threei} just went over former tech names
[09:53] {Threei} to see if any of them has something attractive to try
[09:54] {dino} ouch bucy
[09:54] {Threei} if market ramps up nicely, RMBS will also be interesting on 18 break
[09:55] {esemde} are you looking for any sort of volume indication.....
[09:55] {esemde} support or something
[09:55] {esemde} i've been watching nvda for a week or so now
[09:55] {Threei} just for the right chart configuration
[09:56] {Threei} TASR
[09:56] {Threei} STRENGTH BEING ATTRIBUTED TO RENEWED TAKEOVER CHATTER
[09:56] {esemde} i want to go long around the 13.50 range .....
[09:58] {Threei} TASR actually doesn't look bad
[09:59] {Threei} NVDA invalidated
[10:00] {Threei} *JULY CONSTRUCTION SPENDING (M/M): -0.6 V -0.4%E
[10:00] {Threei} *AUG ISM MANUFACTURING: 49.9 V 50.0E; PRICES PAID: 77 V 82.0E
[10:04] {Threei} Long Setup: COCO 14 if stays above 13.85
[10:04] {Threei} keep an eye on APOL as leading indicator
[10:05] {judijim} good morning everyone
[10:05] {Threei} jj :)
[10:06] {magoo} jj:)
[10:07] {Threei} careful with COCO if you went for it
[10:07] {Threei} let's tighten it to .89
[10:08] {Onix} in COCO @ 14
[10:08] {Threei} APOL needs to bounce from here to provied additional impulse to COCO
[10:09] {Threei} no worky
[10:10] {dino} scanner going red fast fwiw
[10:11] {Onix} stopped COCO
[10:17] {Threei} USO is likely to drop from here
[10:18] {Threei} Long Setup: UAUA .92
[10:18] {Threei} .79 stop
[10:19] {Threei} UAUA 1:1, out
[10:19] {magoo} out .06 TY
[10:19] {Threei} welcome
[10:19] {Threei} maybe capable of more but wat to keep sure wins for now
[10:19] {magoo} yeah, we can reload it
[10:20] {Threei} can reenter, can't re-exit
[10:20] {Threei} vadism of the day
[10:21] {hawkfan4} lol, i like that
[10:22] {Threei} FITCH LOWERS RATINGS ON FNM AND FRE PREFERRED STOCK TO BBB-, AFFIRMS AAA ID RATING AND AA- SUB DEBT RATINGS
[10:22] {Threei} - Reminder: Back on 8/06 Fitch cut FRE's preferred stock to A from A+, placed subordinated debt on watch negative.{FRE FNM XLF}
[10:23] {Threei} I wish I knew what that means lol
[10:23] {Threei} FRE has a look of two-sided setup
[10:23] {Threei} 4.96 long if stays above 4.80;
[10:23] {Onix} notr mortals to know
[10:24] {Threei} 4.79 short if stays below 4.95
[10:24] {dino} means stock no good, bonds will survive
[10:24] {_csepulve33} hi
[10:24] {Threei} good morning csepulve
[10:24] {dino} gm
[10:24] {Threei} move chair closer
[10:24] {Threei} but they mentioned preferred, no common dino
[10:24] {Threei} that's what confuses me
[10:25] {Threei} anyway, let's not overanalyze it
[10:25] {Threei} setu is setup
[10:25] {dino} same meaning, preferred will drop, may survive, may not
[10:25] {Threei} got it, ty
[10:25] {dino} remember, the bonds are the roots of the tree
[10:26] {Threei} certainly
[10:26] {Threei} but they can keep bonds obliogations while killing commons
[10:26] {dino} common = leaves, preferred = limbs
[10:26] {_csepulve33} hi, I am on a trial in this chat, can anyone tell me how it works?
[10:26] {Threei} simple... observe the calls and comments
[10:26] {Threei} trade those you feel safe with
[10:27] {dino} its a jungle
[10:27] {Threei} don't hesitate to ask questions
[10:27] {dino} apol stalking
[10:27] {_csepulve33} Do you trade only stocks?
[10:27] {Threei} we exited UAUA just in time, eh?
[10:27] {Threei} mostly, yes
[10:27] {Threei} ETFs sometimes
[10:28] {_csepulve33} eminis?
[10:28] {Threei} not per se,
[10:28] {Threei} a lot of comments can be applied to e-minis
[10:28] {Threei} but mostly we use them as leading indicators
[10:28] {dino} 100% stocks for me
[10:28] {_csepulve33} Can I ask why do you dont trade the eminis?
[10:29] {Threei} one can't trade everything on earth... we like to diversify
[10:29] {Threei} and stocks provide wider range of opportunities
[10:29] {_csepulve33} ahh that ok, I ask simple because people think futures are more risky and fast than stocks
[10:30] {Threei} in a way, yes
[10:30] {Threei} let's tighten FRE setup
[10:30] {Threei} 4.93 long if stays above 4.85
[10:31] {_csepulve33} Where is Vad? he is in this room?
[10:31] {Threei} a bit less confidence, trade-off is tighter stop
[10:31] {Threei} that would be me
[10:31] {Threei} for a short side of this setup I still prefer 4.79 as a trigger
[10:31] {fernp} out ABK +.15 (easy money)
[10:32] {Threei} gj
[10:32] {Threei} magoo, have a look at UAUA
[10:32] {magoo} see it
[10:32] {Threei} aren't you glad we kept our expectations to a scalp
[10:32] {dino} apol sm s .25, stop .63
[10:32] {magoo} still seems to be the way 6o go vad
[10:32] {magoo} to
[10:33] {Threei} yeah, we are just starting fall trading
[10:33] {Threei} chan ge doesn't occur in one day
[10:33] {magoo} chan ge? oriental saying?
[10:33] {Threei} change
[10:33] {Threei} with hiccup
[10:33] {Onix} lol
[10:37] {Threei} Long Setup: LNCR .60 half lot
[10:37] {Threei} if stays above .50
[10:38] {_csepulve33} LNCR on 1 minute time frame?
[10:38] {Threei} yes
[10:40] {Threei} oil bounce keeps a lid on the market for now
[10:40] {magoo} fre short
[10:40] {Threei} profit taking should come soon though, and is likely to be severe
[10:41] {_csepulve33} are you trying to buy breakout at 33.57 on LNCR?
[10:41] {Threei} stop .93 for FRE
[10:41] {Threei} it got invalidated by losing .50 support, csepulve
[10:41] {Threei} not interested anymore
[10:42] {_csepulve33} ok
[10:43] {dino} v sm s rimm .05 wide
[10:46] {Threei} Attention: FRE stop to 4.85
[10:46] {Threei} don't want to run into double bottom
[10:49] {dino} apol bstop to .61
[10:49] {dino} expect slip
[10:49] {Threei} most likely scenario: pne more bounce USO, no new high, and down
[10:49] {Threei} missed UAUA entry, hoping for pullback
[10:50] {Threei} as close to .50 as possible
[10:50] {dino} rimm nstop to b/e
[10:51] {dino} rimm stopped reverse slip .98, +.07
[10:51] {_csepulve33} FREE starts to run
[10:52] {_csepulve33} FRE sorry
[10:54] {Threei} here comes USO bounce
[10:56] {dino} apol bstop to .29
[10:56] {dino} out/cover +.96
[10:56] {Threei} wtg
[10:56] {dino} ty
[10:56] {dino} darn rimm would've worked too
[10:57] {Threei} out FRE
[10:58] {Threei} UAUA not pulling back enough
[10:58] {Threei} .68 is a bottom of a pullback
[10:59] {esemde} first day of work early staff meeting.........see you all tomorrow.....
[10:59] {Threei} take care ese
[10:59] {esemde} see ya vad
[11:01] {dino} bye es
[11:01] {magoo} c u es
[11:04] {Threei} stsi
[11:04] {Threei} thing is still holding
[11:05] {Threei} 3.70 break is probably one more scalp opportunity on it
[11:05] {Threei} if holding above 3.55
[11:07] {dino} v sm ma l .15
[11:09] {cosmo} NVDA needs to hold 12.65 imo
[11:09] {Threei} if USO breaks .30 backing off longs for now
[11:10] {Threei} need it to lose 88 while not going above 88.30
[11:11] {Threei} if that happens, grab UAUA with stop under .80
[11:14] {dino} cedc death again
[11:18] {cosmo} NVDA tests lod
[11:18] {Chaeron} GM all\
[11:19] {dino} gm
[11:19] {Threei} chaeron :)
[11:22] {Threei} well USO?
[11:22] {Threei} make up your mind
[11:22] {hawkfan4} fakes left, goes right
[11:25] {Threei} don't like this spike... can't tell if it's last gasp or real strength
[11:26] {dino} gild
[11:32] {dino} cedc sm l .40 stop .07
[11:38] {dino} iclr spike
[11:42] {Threei} SAPE??
[11:44] {hawkfan4} nothing here
[11:44] {Threei} last week news
[11:44] {dino} cedc not moving, tighten to .23
[11:47] {dino} ced stopped slipped to .17 ave -.23
[11:48] {peterg} out cedc -.11
[11:48] {dino} ttgt
[11:49] {dino} good stop peter, sorry bud
[11:49] {peterg} no prob, tks for advices
[11:50] {dino} gild sm l .63 stop .27
[11:50] {peterg} glid
[11:51] {peterg} wrong screen
[11:52] {Threei} STSI is till valid
[11:55] {pita} later all - good luck, day job calls
[11:55] {Chaeron} bye pita
[11:55] {magoo} c u pita
[11:55] {dino} cya pita
[11:56] {Threei} take care pita
[11:57] {Threei} well STSI... if you can take .75 I will be very impressed
[11:58] {Threei} I am impressed
[12:06] {dino} pcln wants 100
[12:08] {Threei} we are in lunch time, take STSI profit as you see fit
[12:08] {hawkfan4} nice one, thx vad
[12:08] {Threei} welcome
[12:16] {dino} one more spike ttgt imo
[12:23] {dino} sm s ttgt .03 stop .39
[12:28] {magoo} this market BLOWS
[12:36] {Threei} watching RIMM for bounce
[12:37] {Threei} quick dive under 120 should be it
[12:38] {dino} waiting at 119.20
[12:42] {Threei} doesn't want to lose 120
[12:43] {Chaeron} there you go
[12:43] {Threei} OK
[12:47] {Threei} one more leg down is needed
[12:47] {Threei} still no mesningful strength
[12:47] {Threei} dino's idea of entry looks right
[12:49] {Threei} STSI is probably exhausting its move
[12:49] {Threei} quick spike to .95 aand drop all the way back to where spike started feels like last legs
[12:52] {dino} i don't know maybe lower
[12:54] {magoo} i have apptmt..will be leaving shortly
[12:54] {dptl} got to go...have a good rest of the day ,see ya tomorrow
[12:54] {Threei} take care dp
[12:54] {dino} that was it
[12:55] {dino} take care you two
[13:00] {Threei} SOLR
[13:00] {Threei} SINGS $173M CONTRACT
[13:02] {Threei} T BOONE PICKENS EXPECTS OPEC TO TRIM PRODUCTION AT SEPT 9 MEETING AND DEFEND $100/BARREL LEVEL - CNBC COMMENTS
[13:02] {Threei} - Pickens says oversupply in natural gas could lead it to drop to a $6 handle{
[13:07] {dino} beat drop
[13:17] {dino} beat sm l .25 stop .87
[13:21] {Threei} how about that drop STSI
[13:22] {dino} hmmm
[13:27] {Threei} I don't think it's worth entry
06[13:28] * Threei slaps laserdave1 around a bit with a large trout
06[13:28] * Chaeron slaps laserdave1 around a bit with a large trout
[13:29] {Threei} just following up my earlier comment on STSI exhausting its move
[13:34] {Threei} what's with SANM
[13:35] {Threei} last news about a month ago
[13:35] {dino} xtex
[13:35] {dino} tyin
[13:36] {dino} thin
[13:43] {Threei} President Nicolas Sarkozy's key electoral promise to allow the French to "work more to earn more" has hit a major snag: most have no desire to put in extra hours to raise their wages, a poll has found.
[13:43] {Threei} really...
[13:43] {Threei} thank you for letting me work but I don;'t want to
[13:45] {dino} roflol
[13:48] {dino} ttgt bstop to .62
[13:51] {dino} wow rimm
[13:51] {dino} wants 115 maybe
[13:52] {Threei} market drop takes RIMM with it...
[13:52] {dino} gild stopped -.36
[13:54] {dino} more like rimm leading market
[13:57] {dino} ttgt bstop to .52
[14:09] {dino} to .43
[14:12] {dino} patience, feeling 70 dji points down for a 300 pt range day
[14:12] {patience} you should see the tsx for a down day
[14:13] {dino} how much?
[14:13] {patience} -345 points
[14:14] {dino} in any case, talking heads gave reason oil down market up huge earlier, what do they say now, as i'm not listening
[14:14] {dptl} i am back:)
[14:14] {Threei} welcome back dp :)
[14:14] {patience} me neither dino, i'm just waiting for a 'v' shaped bounce
[14:15] {dptl} ty:)
[14:15] {Threei} that's one remarkable reversal
[14:15] {dino} same idea patience, wondering if the 11300 area comes into play once more
[14:15] {patience} seems so
[14:17] {dino} dji neg.
[14:18] {dino} ttgt to .34
[14:19] {patience} hey dino, where is magoosky
[14:20] {dino} slipped stopped/cov .35, +.68
[14:21] {dino} beat stop to .65
[14:22] {dino} he left early, his son messed his shoulder up racing, dr. appt.
[14:23] {patience} ouch
[14:26] {dino} beat to .89
[14:26] {Threei} RIMM break of 118 is worth a try long
[14:27] {Threei} under .80 invalidated
[14:28] {dino} oh man beat slipped out aver .85 +.60
[14:36] {dino} rimm sm l .20, stop .79
[14:38] {dino} stopped
[14:38] {Threei} quite a powerful selling today
[14:38] {patience} tsx down -394
[14:39] {dino} indeed about -250
[14:40] {dino} ouch tsx
[14:54] {dino} ok here's the 300 range
[14:56] {Threei} time to bounce soon
[14:56] {Threei} probably another leg down still
[14:57] {Threei} but oberall, end of selling for today should be close
[14:57] {dino} around -100 imo
[14:58] {dino} rimm bottom, sm l .00 trig
[15:02] {dino} l gild .00, stop .73
[15:08] {Threei} upward momo starts
[15:16] {Threei} what do you want from RIMM dino? 118.50?
[15:16] {dino} wanted at least .60
[15:17] {dino} ideally blow thru .60, tighten to that and let it ride.
[15:17] {dino} my gut says we finish green
[15:17] {Threei} I concur
[15:17] {patience} first trading day of the month, fund managers repositioning
[15:17] {patience} gotta get some decent recents for third quarter
[15:18] {patience} returns
[15:18] {patience} yeesh
[15:18] {dino} starting bad imo
[15:19] {dino} .60 is tough walkl
[15:19] {dino} wall
[15:20] {dino} ok tighten
[15:20] {dino} out +.60
[15:21] {dino} too tight
[15:25] {dino} gild out .24 +.24
[15:29] {_csepulve33} bye everyone.....thanks for everything see you tomorrow
[15:29] {hawkfan4} take care
[15:31] {Threei} here come my 118.50 RIMM
[15:31] {Threei} (hopefully)
[15:32] {dino} way to hold
[15:32] {Threei} was very much confident in reversal
[15:32] {Threei} [15:08] {Threei} upward momo starts
[15:34] {Threei} out .41
[15:34] {Threei} 9 cents shy
[15:34] {Threei} ty dino
[15:36] {dino} sm l .gs .50
[15:37] {dino} :)
[15:52] {dino} out gs .89, +.39
[15:52] {fernp} gj
[15:52] {Threei} wtg
[15:53] {Threei} OK guys, thank you all
[15:53] {Threei} have a good evening, see you tomorrow
[15:53] {hawkfan4} thx vad
[15:53] {dino} ty
[15:53] {fernp} bye
[15:53] {dino} yeah, calling it a day here too, decent one, just strange
[15:54] {Threei} a bit, yeah
[15:54] {Threei} transition period
[15:54] {peterg} transition to.......the future!
[15:54] {Threei} will take a few for market to get back from vacation mode in working mode
[15:54] {peterg} some vacation
[15:54] {peterg} not
[15:55] {dptl} have a good evening all
[15:55] {peterg} so long all til tmo
[15:55] {dino} take care all.
[15:56] {peterg} and to all a good night (santa claus?)