[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
