Sep 25 2008

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

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