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
