Session Time: Fri Aug 22 00:00:00 2008
[08:05] {hawkfan4} good morning
[08:05] {Threei} Good morning
[08:06] {Threei} LEH
[08:06] {Threei} PRE-MARKET STRENGTH BEING ATTRIBUTED TO REPORTS KOREA'S DEVELOPMENT BANK (KDB) CONSIDERS CO. AN OPTION FOR AN ACQUISITION
[08:06] {Threei} Reminder Overnight an articl in South Korea's Chosun noted that Korea Development Bank had been in talks to buy a stake and management rights in Lehman, but failed to reach an agreement due to concerns about the financial health of Lehman.
[08:06] {hawkfan4} sometimes it pays to get up early. Got LEH at 14.76, just sold 1/3 at 15.70
[08:07] {Threei} wtg
[08:07] {Threei} I slept in
[08:07] {Threei} WARREN BUFFETT: SAYS IS NOT POSITIONED AGAINST THE DOLLAR AND EQUITIES ARE MORE ATTRACTIVE THAN THEY WERE A YEAR AGO - CNBC INTERVIEW
[08:07] {Threei} - Fed Chairman Bernanke does not have a "magic wand" for solving the problems of the US economy.
[08:07] {Threei} - Berkshire has no bets against the USD or any direct currency plays, believes USD strength will not last if current account deficits continue, yet does not see the USD falling in the short term
[08:07] {Threei} - Repeats that there is a "reasonable chance" shares in the GSEs will be wiped out
[08:07] {hawkfan4} thx, pure luck, i just saw it moving and grabbed it
[08:07] {Threei} cobra instinct
[08:13] {hawkfan4} yeah, i figured something must be up the way it was moving. out .66, was too busy bragging when i should've been selling
[08:14] {Threei} I still can't believe the summer trading e had
[08:15] {Threei} we
[08:15] {hawkfan4} no kidding. I can't believe this is August.
[08:16] {Threei} with so much turbulence in various areas, market once again proved that the only constant thing about it is a constant change
[08:28] {hawkfan4} watching UAUA for a short if oil pops back over 120
[08:32] {pita} gm all
[08:33] {Threei} pita :)
[08:38] {pita} thoughts INTC Vad? wireless transmission of electricity, interesting
[08:38] {Threei} this news is floating out there for a few days already
[08:39] {Threei} NYT just got to it
[08:39] {Threei} also,
[08:39] {Threei} 08/21/08 07:07pm
[08:39] {Threei} [MU] Micron Technology Inc Production at MU/INTC Singapore chip plant will be delayed - unconfirmed report
[08:39] {Threei} - The two companies will delay output of NAND chips due to weak pricing trends.
[08:39] {Threei} - On 5/4, Intel said that it expected the Singapore plant to delay output by 6 months and the jv had expected that output would begin by mid 2009.
[08:40] {Threei} I think this INTC gap is simply market gap
[08:54] {cosmo} BCSI
[08:55] {cosmo} # Blue Coat swings to fiscal 1Q loss, meets viewsAP(Thu 5:46pm)
[08:56] {Onix} Good morning
[08:56] {Threei} cosmo, onix :)
[08:56] {cosmo} 3i:)
[08:59] {brian3579} gm
[09:00] {Threei} brian :)
[09:00] {Threei} we have Bernarke speaking today on financial woes
[09:01] {Threei} 10 am
[09:03] {dptl} good morning all
[09:03] {Threei} dp :)
[09:04] {patience} good morning RT :)
[09:05] {Threei} patience :)
[09:17] {dino} gm all
[09:18] {Threei} dino :)
[09:18] {tomg} gm all
[09:18] {Threei} tom :)
[09:20] {peterg} morning
[09:20] {Threei} peter :)
[09:22] {fernp} Goog morning all
[09:23] {Threei} fern :)
[09:26] {cosmo} BSCI pre mkt high = 18 fwiw
[09:28] {Onix} cosmo, fwiw?
[09:28] {cosmo} for what its worth
[09:28] {Onix} ty ... BSCI?
[09:28] {Threei} BCSI
[09:28] {cosmo} 18.10 now
[09:30] {dino} met estimates
[09:31] {cosmo} its called an 'open break'
[09:32] {cosmo} fwiw
[09:32] {judijim} good morning all
[09:33] {Threei} jj :)
[09:34] {esemde} morning...
[09:34] {Threei} ese :)
[09:35] {Threei}
Long Setup:
0,3 UAUA .21 if stays above .10
[09:35] {Threei} verify with USO
[09:36] {Threei} over 1:1
[09:37] {dino} snps sm l .30
[09:38] {Threei} same setup once again
[09:42] {Threei} USO breakdown
[09:42] {Threei} UAUA getting refuelled
[09:43] {Threei} stop to .14
[09:45] {Onix} in UAUA a little early @ 12.28 sm shares
[09:45] {dino} cphd
[09:46] {dino} sm l .65, stop .33
[09:46] {Threei} UAUA wsorked again for a scalp and seems not done, half out
[09:46] {Threei} .28 is a somewhat "not here not there" entry
[09:46] {Threei} stop to .10 for the balance
[09:46] {Threei} .19, sorry
[09:47] {dino} pery blood
[09:47] {Threei} out in full UAUA
[09:48] {hawkfan4} nice one, thx
[09:48] {Threei} welcome
[09:48] {Threei} where is magoo... he would be all over this trade
[09:48] {tomg} ty vad
[09:48] {Threei} tom :)
[09:49] {Onix} ty Vad , got 19c
[09:49] {dino} he took the day off
[09:49] {Threei} onix :)
[09:50] {Threei} slacker...
[09:50] {dino} indeed. as i never miss a day
[09:50] {peterg} btw, i wont be here tomorrow
[09:50] {dino} lol
[09:51] {dino} yeah, me too, lawn mowing duty
[09:51] {Threei} that's it
[09:51] {Threei} I won't be here tomorrow AND the day after
[09:51] {Threei} here, take this
[09:51] {dino} cphd stop to .03
[09:51] {dino} pery feels like 15 coming
[09:52] {dino} snps not moving, tighten to .08
[09:54] {dino} cybx drop
[09:58] {dino} out cphd .00, +.35
[10:00] {esemde} too funny boys ...too funny....
[10:01] {Threei}
Long Setup:
0,3 UAUA .61 if stays above .50
[10:05] {dino} isys sm l .23, risky
[10:15] {dino} isys stop to .63
[10:16] {dino} ton .80
[10:16] {dino} to
[10:17] {Threei} ED'S BERNANKE: WILL ACT AS NEEDED FOR NEAR TERM PRICE STABILITY, ECONOMY WILL PERFORM BELOW POTENTIAL FOR QUITE SOME TIME
[10:17] {Threei} - Notes that inflation is attributed to the recent increase in commodity prices, recent commodity and USD trends are likely to have a dampending effect on inflation
[10:17] {Threei} - Sees inflation outlook as uncertain but inflation will fall towards the end of the year and into 2009
[10:17] {Threei} - Comments that the Fed funds rate currently is low despite inflation
[10:17] {Threei} - Remarks the the economy is softening and the unemployment rate is rising
[10:17] {Threei} - Feels as thought the Treasury is best suited to handle non-bank failures, and countervailing actions are needed to address the moral hazard issue
[10:18] {cosmo} moral hazard?
[10:18] {Threei} governemtn bailout are usually referred as such
[10:18] {dino} yeah, you know, booze, strip clubs, tobacco
[10:18] {cosmo} hmmm
[10:18] {dino} lol
[10:19] {dino} the guys' a genius, sheesh
[10:19] {dino} isys to .93
[10:19] {Threei} since they create an environment where private enterprises feel they have a garantee of risk being eliminated at taxpayer expense
[10:19] {Threei} I'll keep the profit and we will share the losses
[10:19] {dino} exactly, should've let them fail already, get it over with
[10:20] {dino} just like no shorts for financials, give me a break, to let insiders out, then crush public
[10:20] {cosmo} cans of worms they are
[10:20] {dino} out isys slip, ave. +.65
[10:21] {dino} fwiw, my hard stops are slipping today...thinner market?
[10:21] {dino} ok ,my rants are done
[10:23] {Threei}
Long Setup:
0,3 LEH .71 if stays above .60
[10:26] {esemde} long CTXS....1/2 lot .02....thin
[10:27] {Threei}
3,0 Attention: LEH 1:1
[10:27] {Threei} half out
[10:27] {dptl} +.10 leh ty
[10:27] {Threei} welcome
[10:28] {fernp} out +.11 TY
[10:28] {Threei} :)
[10:28] {esemde} stop .88
[10:29] {Threei}
Long Setup:
0,3 UAUA .61 if stays above .50 and USO helps
[10:30] {Threei} in
[10:35] {Threei} stopped
[10:35] {fernp} stopped
[10:35] {peterg} yup
[10:36] {pita} sadly yup
[10:39] {Onix} got 7c at last in LEH
[10:40] {Threei} oil fast drop
[10:41] {dino} .
[10:41] {dino} sm l cybx .61
[10:43] {dino} stop is .23 fwiw
[10:52] {dino} ndsn
[10:53] {dino} snps stop to b/e
[10:54] {Threei} poor souls
[10:54] {Threei} how do they tie the laces on their shoes
[10:54] {Threei} sorry, wrong window
[10:58] {peterg} velcro
[10:59] {esemde} nice dino.....cybx
[10:59] {dino} cybx stop to b/e
[11:02] {dino} snps stopped +.05
[11:04] {Onix} UAUA & USO now in kahoots?
[11:04] {Threei} relation certainly is not what it used to be
[11:04] {Threei} that's why I backed off
[11:04] {Onix} moving together and not opposite?
[11:05] {esemde} out ctxs .92 -.10....definately not doing what i want
[11:07] {esemde} how long will you let cybx run dino?
[11:11] {dino} just stopped at .89, +.28, wanted it to get thru .00, but no go
[11:12] {dino} will watch it
[11:12] {dino} stingy w/this market
[11:12] {dino} but it's working very well
[11:12] {dino} damn there she goes
[11:13] {esemde} are you going to buy a break of 23
[11:13] {esemde} just noticed it
[11:13] {dino} bcsi
[11:13] {dino} no
[11:13] {dino} s bcsi .50 sm, stop .83
[11:14] {dino} i will re-load cybx around 22.40, if she goes there
[11:15] {dino} watching ndsn, cedc for fast drops and bounce
[11:15] {Threei}
Short Setup:
0,4 FNM .39
[11:16] {Threei} if stays below .50
[11:16] {Threei} two stop levels, .51 and .61
[11:16] {Threei} both are valid
[11:21] {Onix} ss FNM valid again under .50?
[11:22] {Threei} hard to tell... needs a bit of new consolidation
[11:22] {dino} besn
[11:34] {dino} bcsi bstop to .43
[11:36] {dino} to .30
[11:36] {dino} cov +.20
[11:37] {Threei} nice one
[11:37] {dino} ty
[11:54] {Threei} (USA) US IS REPORTEDLY DEEPLY CONCERNED REGARDING PLANNED RUSSIAN WEAPONS SALES TO SYRIA
[11:59] {Threei} what's urkel?
[12:02] {dino} cedc sm l .00, stop lod
[12:02] {dino} no make stop .72
[12:05] {hawkfan4} Urkel was the star of Family Matters
[12:05] {peterg} urkel--the sound my car made when it died
[12:05] {peterg} a dish from northern kyrgystan
[12:06] {dino} lol
[12:06] {dino} you can tell it's friday
[12:06] {peterg} im going out to lunch,, a big on at FOgo De Chao--all you can eat meat, good for five poiunds easy
[12:07] {dino} very nice
[12:07] {peterg} plus a long island ice tea
[12:07] {peterg} done for the day
[12:07] {dino} and fits the akins diet
[12:07] {peterg} meat meat and more meat
[12:07] {dino} have fun peter
[12:07] {hawkfan4} lol, enjoy
[12:07] {dino} hillshire farms......"go meat"
[12:07] {peterg} gracias, u 2
[12:08] {peterg} have fun guys, make $$
[12:10] {dino} siren song ndsn
[12:11] {Threei} (RU) RUSSIA DEFENCE MINISTRY SAYS THEY HAVE COMPLETED FRENCH-BROKERED CEASEFIRE AGREEMENT, TROOPS HAVE PULLED BACK TO SOUTH OSSETIA AS AGREED
[12:11] {Threei} - says Russian 'peacekeepers' remain posted in buffer zone outside of South Ossetia
[12:25] {dino} idsa drop
[12:25] {dino} thin
[12:34] {hawkfan4} kinda like USO over 95.40, stop 95.20, but market's pretty whippy
[12:34] {dino} v sm, v risky l ndsn .50
[12:41] {dino} stop is .17 fwiw
[12:59] {dino} i'm thinking, the only way to stop a stock that drops 17 points is to have magoo go long w/you. i wonder if he is trading from somewhere else
[12:59] {Threei} lol
[13:02] {dino} idsa getting gappy
[13:09] {dino} cedc stop to .29
[13:13] {dino} out cedc +.27 slip
[13:16] {dino} v sm idsa l .30
[13:17] {dino} brb
[13:41] {Threei} NY FED: MAKING SMALL ADJUSTMENTS TO DAILY SECURITIES LENDING PROGRAM
[13:41] {Threei} as in?
[13:41] {Threei} banning magoo from borrowing another 12B and stashing them in Swiss bank account?
[13:41] {Threei} I suppose that's why he he is off today... taking care of the matter
[13:48] {dino} yes
[13:48] {dino} most likely you'll see the uptick rule back, imo
[13:50] {Threei} that'll be stupid of them but whatever
[13:51] {Threei} they canned it when, about couple years ago?
[13:51] {Threei} never saw it impacting market direction
[13:51] {dino} last summer i think
[13:51] {Threei} a year then
[13:52] {Threei} and we had some stunning rallies, even thoughshorting became easier
[13:52] {Threei} it's unlimited naked shorting they should be concerned about IMO
[13:52] {Threei} as long as borrowing rules are observed, no reason for concern
[13:53] {Threei} oil another drop
[13:55] {dino} i don't know 3i, perhaps you should let the naked people short, what do cloths have to do w/stocks
[13:55] {dino} those nudist retreats will be hit hard
[13:55] {Threei} you actually make a very good sense
[13:56] {Threei} (as long as they, naked shorters, don't have webcams and I am not forced to watch
[13:57] {Chaeron} isn't it everyone that would see YOU should be scared?
[13:57] {dino} lol
[13:57] {Threei} that too
[13:57] {Threei} NY FED: WILL NOW REPORTEDLY ONLY ACCEPT SECURITIES WITH 13 OR MORE DAYS OF REMAINING MATURITY (VS. PRIOR OF 6 DAYS OR MORE) FOR DAILY SECURITIES LENDING PROGRAM
[13:57] {Threei} - Effective Aug 25
[13:58] {Threei} US TREASURY REPORTEDLY FEELS ANY BACKSTOP EFFORT FOR THE GSES SHOULD AIM TO MAINTAIN SHAREHOLDER OWNED STATUS AS PRIVATE ENTERPRISES - UNCONFIRMED REPORT
[13:58] {Threei} {FRE FNM}
[13:59] {Threei} WHITE HOUSE: PRES. BUSH AND FRANCE PRES. SARKOZY SAY RUSSIA IS NOT MEETING ITS WITHDRAWAL COMMITMENTS AND STATE IT MUST DO SO NOW
[14:00] {dino} you forgot the word "new" on the fre fnm statement. the current will be wiped out
[14:00] {Threei} I am just copy/pasting :)
[14:00] {dino} i am just funnin'
[14:01] {Threei} I know :)
[14:02] {dino} ndsn stopped -.33
[14:07] {fernp} see you all on Monday. Have a nice weekend.
[14:08] {dino} bcsi sm s .81, stop .13
[14:09] {dino} idsa stop to .44
[14:21] {Threei} what a difference a day makes
[14:21] {Threei} just what has changed with oil today vs yesterday? :)
[14:21] {Threei} I'll challenge anyone who believes every move has fundamental reasons under it to explain this to me
[14:23] {dino} i agree, the efficient market is b.s.
[14:27] {dino} ofix
[14:29] {Threei} OK{ what's killing oil??
[14:29] {Threei} not that I mind
[14:29] {dino} idsa to .50
[14:29] {Threei} but I am curious
[14:31] {patience} my theory is another financial institution is unwinding positions
[14:31] {dino} i suppose it has something to do w/fish markets
[14:31] {dino} patience you are probably correct, someone leaning the wrong way
[14:32] {dino} idsa to .60
[14:38] {dino} to .75
[14:43] {dino} to .85
[14:46] {dino} bcsi bstop to .60
[14:46] {dino} cov +.20 bcsi
[14:47] {dino} spiked into me
[14:48] {dino} oh mannnnn right thru me, idsa stopped .70 +.40
[14:49] {dino} i had 3 major slips today
[14:49] {patience} it's friday dino, time for the beer fridge
[14:50] {dino} i would, but hate tob drink alone.
[14:54] {Chaeron} your typing shows otherwise dino :)
[14:58] {hawkfan4} in FNM w/stop .74, super risky
[14:59] {esemde} Vad ...have a very important question for you....do you know of anyone out your way who sell dilling cucumbers?
[14:59] {dino} chaer hits me below the belt, ouch
[15:00] {dino} idsa sm l .00
[15:04] {Threei} hmmm
[15:05] {Threei} never looked really
[15:05] {esemde} tks....coming out your way to look for some...
[15:06] {dino} ofix sm s .30
[15:27] {dino} kind of tough getting put of idsa
[15:28] {Threei} very much feels like oil is readcy to break down once again
[15:37] {esemde} have a great weekend all
[15:37] {dino} cya es
[15:38] {Threei} take care ese :)
[15:39] {peterg} just got back from long meat drunk lunch in time to say gdbye again
[15:40] {Threei} lol
[15:41] {peterg} cuall monday
[15:41] {Threei} have a good weekend peter
[15:41] {peterg} thks u2 vad
[15:42] {peterg} driving daughter to madison WI for 2nd yr colege sob
[15:42] {dino} have fun peter
[15:42] {peterg} thks dino
[15:42] {peterg} id like to make some money next week, K?
[15:43] {peterg} and hve fun
[15:43] {dino} sure, no problem mon
[15:43] {peterg} big spliffs in jamacica
[15:43] {Threei} what was wrong with this week??
[15:43] {peterg} for me, to slow to act, to soon out
[15:43] {Threei} ugh
[15:43] {peterg} prbly normal learning curve for slow learner
[15:43] {Threei} sorry
[15:43] {Threei} every day was profitable
[15:44] {Threei} well, more to come
[15:44] {Threei} stay tunned
[15:44] {peterg} oh yeah
[15:44] {peterg} !!
[15:44] {dino} 2 up days out of two for me
[15:44] {Threei} yeah, dino came back swinging
[15:44] {peterg} is he a, like, swinger?
[15:44] {Threei} 5 put of 5 for me
[15:45] {peterg} xlnt
[15:45] {dino} no
[15:45] {peterg} kdg
[15:45] {Threei} is it that dragon thingy?
[15:45] {dino} at the risk of jinxing myself, my last down dayu was july 17
[15:45] {Threei} skipping vowels?
[15:45] {peterg} again+agn
[15:45] {dino} but i have had two vacations in between
[15:45] {peterg} fasttalk
[15:46] {Onix} he is doing puts & calls now?
[15:46] {peterg} no not dragon, typing
[15:46] {Threei} there you go... dino found the Holy Grail of trading
[15:46] {Threei} put your losing dayus on vacation time
[15:46] {Threei} effectively erasing them
[15:46] {dino} seems to work, lol
[15:46] {Threei} and leave your winning days for actual trading time
[15:46] {peterg} listened to day tune-up with beautiful voice woman--does she make house calls?
[15:47] {peterg} She admires me nd wants me to succeed!
[15:47] {dino} ahhh
[15:47] {Threei} NBER'S FELDSTEIN: SEES ADDITIONAL 15% DOWNSIDE IN HOUSING MARKET, PERHAPS MORE - CNBC
[15:47] {peterg} that's the one, with the breathing
[15:47] {dino} lol
[15:48] {peterg} k , off to pack c u monday
[15:48] {Threei} take care peter
[15:57] {dptl} whuuu......no loosing days this week...nothing spectacular..but....have a good weekend all:)
[15:57] {Threei} wooohooo
[15:57] {Threei} Ok guys
[15:57] {Threei} thank you all
[15:58] {Threei} have a great weekend, see you on Monda
[15:58] {Onix} thanks Vad & all trust you will have a great weekend, bye
