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
