Sep 30 2008

Session Time: Tue Sep 30 00:00:00 2008

[07:59] {magoo} morning
[08:05] {Threei} Good morning
[08:05] {magoo} vad:)
[08:10] {Threei} T. BOONE PICKENS: BELIEVES A BAILOUT DEAL WILL HAPPEN ON THURSDAY, THE DROP IN THE DJIA HAS BEEN SOBERING
[08:10] {Threei} - We will face another crisis in energy soon, we already pay about $700B a year for foreign oil.
[08:11] {Threei} guy becomes plain annoying
[08:30] {magoo} what u stalking vad?
[08:31] {Threei} just looking around so far
[08:31] {Threei} too unclear what happens next
[08:31] {Threei} C...
[08:31] {Threei} VLNC...
[08:33] {Onix} Good morning all
[08:33] {Threei} Onix :)
[08:40] {Threei} Raven... checked on a sky this morning?
[08:40] {dino} gm all
[08:40] {Threei} falling? holding?
[08:40] {Threei} dino :)
[08:41] {Raven} some light fog
[08:41] {Threei} light?
[08:41] {Threei} wow
[08:41] {Raven} {-----------. checking radar
[08:42] {Raven} clouds to the west ... rain may occur today
[08:42] {Threei} OK... as long as sky is still up there
[08:42] {Raven} bring the umbrella
[08:45] {Threei} Bush on TV
[08:47] {Raven} that'll be a big help
[08:48] {Threei} PRESIDENT BUSH: THIS IS NOT THE END OF THE LEGISLATIVE PROCESS, WHAT MATTERS IS THAT WE GET A LAW AT THIS CRITICAL MOMENT
[08:48] {Threei} - The reality is that we are in an urgent situation, with consequences worsening day by day. If US continues on this course, the economic damage will be painful and lasting.
[08:48] {Threei} - There's no question the $700B amount is a large amount of money. But the economy depends on decisive action from Congress.
[08:53] {peterg} Morning all
[08:54] {Threei} peter :)
[09:09] {dino} hmmmmmmmmm
[09:09] {dino} probabilities
[09:09] {Threei} what about them?
[09:10] {GeoArb} gm
[09:10] {Threei} Geo :)
[09:11] {magoo} R
[09:11] {magoo} A
[09:11] {magoo} V
[09:11] {magoo} E
[09:11] {magoo} N
[09:11] {magoo} an oldie but gooodie
[09:11] {dino} thinking out loud.
[09:11] {dino} gap open up?
[09:12] {cosmo} backs possibly
[09:12] {cosmo} banks
[09:13] {cosmo} not probable tho
[09:13] {dino} ddm?
[09:14] {dino} qld?
[09:14] {dino} sso?
[09:14] {Raven} M aaaa GGGGGGGGGG ooooo OOOOOOOOOOOOOOOOOOOOOO !
[09:15] {dino} sm l ddm .67, will let it move around a bit
[09:18] {fernp} Good morning all
[09:18] {cosmo} lets hope
[09:18] {Threei} fern :)
[09:20] {dptl} good morning all
[09:20] {Threei} dp :)
[09:25] {Threei} I don't have clear play for opening
[09:25] {Threei} looking
[09:28] {cosmo} ASML: Significant Progress in EUV Lithography Program; Reveal
[09:28] {cosmo} Roadmap that Extends Semiconductor Manufacturing to 11 Nanometers and Beyond
[09:29] {magoo} pop...drop..pop...drop....
[09:29] {magoo} there vad
[09:29] {Threei} sop, long POP and short DROP?
[09:29] {esemde} good morning
[09:29] {esemde} you sure called yesterday right Vad
[09:30] {Threei} ese :)
[09:30] {Threei} ty
[09:31] {Threei} watching C
[09:32] {magoo} watching rimm
[09:32] {Threei} broke out too fast
[09:32] {Threei} .20 break was the idea but wanted some more consolidation before the break
[09:33] {peterg} rimm bouncing ball
[09:33] {Threei} pullback should be buyable
[09:33] {Threei} .20 break again
[09:34] {Threei} stop under .10
[09:35] {Threei} stop to .14
[09:36] {GeoArb} hmm in .21 half out .32
[09:36] {Threei} hesitates too long for my taste
[09:36] {GeoArb} .34
[09:36] {Threei} not bad Geo, that's playing safe
[09:36] {GeoArb} was 1:1
[09:36] {Threei} yup
[09:36] {Threei} .15 held on this pullback, so stop is trailed right
[09:37] {Threei} stop to .19 now
[09:37] {Threei} half out .39
[09:37] {Threei} risk is minimal here
[09:37] {Threei} out
[09:37] {Threei} .17
[09:38] {dino} c l .15
[09:38] {Onix} ty Vad, i got 15c in C
[09:38] {dino} stop .96
[09:38] {Threei} :)
[09:38] {Threei} good entry dino
[09:39] {dino} lucky
[09:39] {Threei} if you say so
[09:39] {Threei} ugh WB
[09:41] {magoo} ouyt .41 TY vad C
[09:41] {Threei} welcome
[09:42] {GeoArb} sheesh maggo
[09:42] {GeoArb} you left the scalper ranks
[09:43] {dino} c stop to .49
[09:43] {Threei} magoo hateth stinkin' scalpers
[09:43] {dino} out +.34 ty vad
[09:43] {Threei} :)
[09:43] {magoo} :)
[09:45] {GeoArb} consumer conf at 10?
[09:45] {Threei} SEPT CHICAGO PURCHASING MANAGER'S INDEX: 56.7 V 53.0E
[09:45] {hawkfan4} yes geo
[09:46] {GeoArb} so magoo ... did you partial or all in all out?
[09:46] {magoo} all out
[09:46] {magoo} always
[09:46] {GeoArb} nice
[09:46] {magoo} i look to reload pullbks if stiull like it
[09:46] {GeoArb} i was carefull after being a coqboy yesterday
[09:47] {GeoArb} ooooh
[09:47] {GeoArb} cowboy
[09:47] {magoo} gotta remember too...magoo in other plays so can't be waiting around
[09:47] {GeoArb} heheh true
[09:48] {magoo} i flipped bidu and rimm at same time as that
[09:48] {magoo} to fast to post unfortunately
[09:48] {GeoArb} yup
[09:48] {GeoArb} nice drop c
[09:48] {magoo} goota just "feel"them]
[09:49] {dino} ddm stopped -.52 thats messed up
[09:50] {Threei} PREVIEW: SEPT CONSUMER CONFIDENCE DUE OUT AT 10AMET
[09:50] {Threei} - consensus expectation: 55.0e v 56.9 prior
[09:50] {magoo} OY
[09:50] {magoo} cant be good number
[09:50] {Threei} so, expectation is that confidence is just half inch above baseboard
[09:52] {GeoArb} no correlation between oil and market now
[09:53] {GeoArb} CL tanking
[09:53] {Threei} no, other worries took over
[09:53] {Threei} oil retreated far enough to stop being major factor
[09:53] {GeoArb} true
[09:53] {Threei} and financial worries are overpowering
[09:56] {peterg} rbr dirty harry's question: Well, punk, do you feel lucky???
[09:57] {dino} lol
[09:58] {cosmo} CNXT hod = 3.94
[09:58] {cosmo} fwiw
[09:59] {GeoArb} what I find interesting is that despite bailout failure financials didnt make new lows
[10:00] {Threei} SEPT CONSUMER CONFIDENCE: 59.8V 55.0E
[10:00] {Threei} - prior revised from 56.9 to
[10:00] {Threei} - no revision to prior 56.9
[10:00] {magoo} sheesh
[10:00] {GeoArb} confidence increased?
[10:00] {Threei} hehe
[10:01] {esemde} l BRCM .82
[10:02] {Threei} Long Setup: WB 2.78
[10:02] {esemde} stop .69 full lot
[10:03] {Threei} this pullback will show the stop level
[10:03] {Threei} under .60 invalidated as breakout
[10:03] {esemde} bouncing around like a rabit
[10:06] {Threei} C is running again
[10:06] {magoo} l rimm .3
[10:06] {magoo} here
[10:07] {Threei} my stop .65 on WB for now
[10:08] {magoo} rimm stop 63.88
[10:08] {magoo} in small
[10:08] {esemde} stop to .80
[10:08] {dino} fcx sm l .50
[10:09] {Threei} MP SECURITIES RAISED RIMM TO MARKET OUTPERFORM FROM MARKET PERFORM
[10:09] {Threei} - pre-open
[10:10] {magoo} stopped
[10:10] {magoo} figures
[10:10] {Threei} WB half out .93
[10:10] {Threei} stop to .79
[10:11] {Threei} offering balance 3.05
[10:11] {magoo} out here vad .93 TY
[10:11] {magoo} FL
[10:11] {Threei} :)
[10:12] {magoo} l rimm AGAIN .33
[10:12] {dino} fwlt sm l .25
[10:12] {Threei} out
[10:12] {GeoArb} out
[10:12] {Threei} nice and easy
[10:12] {Threei} stop never jeopradized
[10:12] {GeoArb} sheer magnificence vad
[10:12] {Threei} that's my middle name, yeah
[10:12] {GeoArb} vad SM G
[10:13] {magoo} offer
[10:13] {magoo} OUT .75
[10:13] {Threei} US SENATE MAJORITY LEADER REID: BAILOUT PACKAGE MUST MOVE FORWARD AND 'BLAME GAME' MUST END
[10:13] {Threei} {XLF}
[10:13] {esemde} out BRCM ..02
[10:13] {magoo} i knew it..stop neede to be in 70 area
[10:13] {Onix} ty Vad, i got $52 in WB
[10:13] {Threei} good one ese
[10:13] {GeoArb} wow WB
[10:13] {Threei} onix :)
[10:13] {esemde} +20 ....i'm outta here all see ya tomorow
[10:13] {Threei} take care ese, good job
[10:13] {Threei} vene, vidi, visi
[10:14] {esemde} ya played that one by the books
[10:14] {Threei} or howevere it's spelled
[10:14] {Threei} wow
[10:15] {Threei} that's way beyond what I expwcted from WB
[10:15] {GeoArb} veni vidi vici
[10:15] {Threei} yeah, ty
[10:15] {hawkfan4} out wb .19, beauty vad, and i do mean that ;)
[10:15] {Threei} uh oh
[10:15] {GeoArb} i pulled 250 buccks out of that
[10:15] {Threei} nothing's wrong with that
[10:16] {magoo} oh u did? GOOD JOB, BUT
[10:16] {GeoArb} 2 lots
06[10:16] * magoo slaps GeoArb around a bit with a large trout
[10:16] {GeoArb} why magoo why?
[10:16] {magoo} just because
[10:16] {GeoArb} ok
[10:16] {Threei} Long Setup: C .52 if stays above .40
[10:16] {dino} lol, and gj geo
[10:17] {Threei} (VZ) VENEZUELA PRES CHAVEZ: OIL PRICE COULD SETTLE BETWEEN $80-90/BARREL
[10:17] {dino} out fcx .90, +.40
[10:18] {Onix} in C .52
[10:19] {magoo} wheres u target vad?C
[10:20] {Threei} offering half .63
[10:20] {magoo} ok .6267
[10:20] {Threei} ugh
[10:20] {Threei} stop to .45 meanwhile
[10:21] {Threei} don't want to give anything back
[10:21] {Threei} willing to get shaken out rather than risk profits
[10:22] {magoo} out flat
[10:22] {GeoArb} out about 10 cents
[10:22] {GeoArb} not sure
[10:22] {magoo} red bar QQQ
[10:22] {GeoArb} on i min?
[10:23] {GeoArb} yup see it thanks magoo
[10:23] {Threei} held by fingertips
[10:24] {Onix} i got scared & took my stop @ .47
[10:24] {Threei} .47 is non-indicative... just noize
[10:25] {magoo} yup..had full tho
[10:25] {Threei} half out .64
[10:25] {magoo} and good day going
[10:25] {Threei} scalpers feel free to take full
[10:25] {magoo} but still.................................
06[10:25] * magoo slaps Threei around a bit with a large trout
[10:25] {GeoArb} yeah took it before as wasnt sure
[10:26] {GeoArb} TY vad
[10:26] {GeoArb} its been a good day
[10:26] {Threei} welcome guys
[10:26] {GeoArb} (jinxed)
[10:26] {peterg} locate jinx removal tool on lower right
[10:26] {Threei} rofl
[10:26] {Threei} good one peter
[10:27] {magoo} top left here petergLOL
[10:27] {peterg} different models, different placement
[10:27] {dino} fwlt stop to flat
[10:27] {dino} out
[10:29] {Threei} fast drop WB
[10:30] {dino} amzn sm s .25
[10:31] {Threei} offering C balance .79
[10:32] {dino} stop is hod
[10:32] {Threei} out
[10:32] {GeoArb} vads getting greedier by the day
[10:33] {GeoArb} soo his out will be 5 dollars apart
[10:33] {Threei} greed is my middle name
[10:33] {GeoArb} soon
[10:33] {hawkfan4} you could change your nick to Twog
[10:33] {Onix} I thought it was yeah?
[10:34] {GeoArb} wow C
[10:34] {dino} stopped amzn
[10:36] {dino} ups l .02
[10:41] {dino} amzn s .75 last try
[10:46] {dino} amzn stopped
[10:48] {Threei} Russian exchanges are halted again
[10:49] {Threei} if it goes like this, the most valuable people over there will be ones having enough pull to share information on when exchanges open for 5 minutes
[10:49] {Onix} whow
[10:50] {Onix} not what younow buy who you know
[10:52] {GeoArb} i thought that was everywhere
[10:52] {GeoArb} just variance in degrees
[10:52] {Onix} so true
[10:52] {Threei} "aristocracy by money is replaced by the aristocracy by pull"
[10:52] {Threei} or however you spell that
[10:53] {Threei} Chaeron missed everything again :(
[10:53] {Chaeron} Good morning all
[10:53] {GeoArb} hey chaeron
[10:53] {Chaeron} all except your lesson on aristocracy...
[10:53] {GeoArb} yeah today was saaweeet
[10:54] {Chaeron} so all done then?
[10:54] {GeoArb} vad seems to have dozed off
[10:54] {Chaeron} (natural state for him geo :))
[10:55] {Threei} lol
[10:55] {Threei} permanent too
[10:55] {hawkfan4} Now here's a market guru's prediction i can get my head around: Alan Farley
[10:55] {hawkfan4} The Other Black Swan
[10:55] {hawkfan4} 9/30/2008 10:20 AM EDT
[10:55] {hawkfan4} With the distinct aura of "100-year flood" and "black swan event" oozing through the financial markets, I'm going to extend those analogies and go out on a limb here.
[10:55] {hawkfan4} The Cubs will win their first World Series in 90 years.
[10:55] {hawkfan4} Now back your your regularly-scheduled market crash.
[10:55] {Chaeron} it's a compliment Vad... take it as you are so good, you can trade even THIS market in your sleep
[10:55] {Threei} rofl
[10:56] {Threei} correction chaeron... I can trade ONLY in my sleep
[10:56] {Chaeron} ah :)
[10:56] {dptl} got to go .......have a good rest of the day:)
[10:56] {Threei} take care dp
[10:56] {Chaeron} bye dp... I'll take it from here
[10:57] {dptl} :)....ty ..it's all yours now:)
[10:58] {GeoArb} heh
[10:58] {dino} bidu v sm s 7.35
[10:58] {GeoArb} so now we have to handle vad's trading in shifts?
[10:58] {magoo} sh riumm jhere
[10:59] {magoo} .50
[10:59] {dino} srcl?
[10:59] {Threei} lovely one mags
[11:01] {magoo} out .93 here
[11:01] {magoo} TY vad
[11:02] {magoo} easy button
[11:03] {peterg} tks mags;
[11:03] {magoo} what u get? in .50 out .93 here
[11:04] {magoo} when i call rimm aapl only go 300 shares ok?
[11:04] {magoo} wiggle room
[11:07] {GeoArb} c forming a wedge
[11:08] {GeoArb} interesting'
[11:09] {GeoArb} CME raising futures margins for index products
[11:09] {GeoArb} http://www.cme.com/clearing/rmspan/pbadv/Chadv08251.html
[11:10] {GeoArb} anyone dabbles in these instruments?
[11:11] {hawkfan4} i play the minis, and the guitar
[11:11] {GeoArb} heheh
[11:18] {magoo} sh rimm here 67
[11:20] {magoo} stop .44
[11:21] {Threei} feels like market dump is coming
[11:21] {magoo} wait .58
[11:23] {magoo} 1:1 anyway
[11:26] {dino} gotta hop, cov. bidu .15 +1.20
[11:27] {magoo} out not working
[11:31] {magoo} mkt strong...trtaders getting in front of expected decision on thurs friday to approve bill
[11:31] {magoo} then prob sell the news
[11:32] {magoo} its harder to short than go long today
[11:33] {magoo} chirp in vads
[11:33] {Threei} yup
[11:33] {Threei} C continues
[11:35] {peterg} as doth rimm
[11:35] {Threei} this becomes sad:
[11:35] {Threei} T. BOONE PICKENS: 1 YEAR FROM NOW OIL WILL BE NEAR $150/BARREL - CNBC
[11:35] {GeoArb} my issue is i dont trust oil prices until after the election
[11:36] {Threei} I don't trust opinion of a person who is losing when oil drops
[11:36] {GeoArb} true that
[11:36] {Threei} and issues one bullish call after another, repeatedly proven wrong
[11:37] {Threei} he may be brilliant in zillion ways, but on this issue his judgment is clouded
[11:37] {magoo} hes gonna ruin his rep here
[11:37] {peterg} T. is not a trader but a wildcatter, no?
[11:37] {peterg} different challenges, methinks
[11:38] {patience} he has a fund peter
[11:38] {Threei} in red big this year
[11:39] {peterg} what, a mutual?
[11:39] {patience} he has 46 percent interest in company which runs 2 hedge funds
[11:40] {patience} 1 billion energy related hedge fund
[11:40] {peterg} ah so
[11:40] {peterg} I think he should make barbecue grills and compete with George Foreman
[11:43] {Threei} something's driving MS
[11:43] {Threei} watching for pullback
[11:45] {Threei} {MS} what's pullback?
[11:51] {GeoArb} pullback vad?
[11:51] {Threei} too small for confident entry
[11:52] {Threei} thing about pullbacks on finnies these days is,
[11:53] {Threei} thanks to absense of short covering they are deeper and more violent than usual
[11:53] {GeoArb} ok
[11:53] {Threei} so I want much more pronounced pullback for entry
[11:53] {Threei} otherwise it's just too risky, can get caught in severe selloff easy
[11:54] {GeoArb} ES at overnight highs almost
[11:55] {Threei} C just won't quit
[12:07] {Threei} quite interesting take on rescue plans:
[12:07] {Threei} http://www.hussmanfunds.com/wmc/wmc080929.htm
[12:16] {Threei} WB
[12:16] {Threei} BALANCE SHEET AMPLY SUPPORTS WACHOVIA'S OPERATING SUBSIDIARIES
[12:20] {magoo} up or down mkt here vad
[12:21] {Threei} too early
[12:21] {Threei} just uncertain at this point
[12:24] {Threei} Long Setup: WB 3.01
[12:24] {Threei} .89 stop
[12:33] {GeoArb} so for something like this vad... you go multiple lots right?
[12:37] {Threei} yes, within my risk tolerance
[12:37] {GeoArb} of course... type one scalp
[12:37] {Threei} right
[12:37] {GeoArb} (i revised)
[12:42] {Threei} half out .06
[12:42] {Threei} too unclear, want to cut risk down
[12:44] {Threei} stop to .99
[12:46] {Threei} offering balance .15
[12:47] {Threei} out
[12:48] {Threei} anyone took this one?
[12:48] {Threei} or I might just as well go sleep?
[12:48] {GeoArb} me
[12:48] {GeoArb} 10 cents
[12:48] {GeoArb} TY
[12:48] {Threei} :)
[12:48] {hawkfan4} nice vad, me too, thx
[12:48] {GeoArb} was in late and out early
[12:49] {GeoArb} but 2 lots made things nice :)
[12:57] {Threei} CITIGROUP COMMENTS ON WB, NOTES THAT IT IS COMMITED TO CONDUCTING THE TRANSACTION, CONTINUES TO OPERATE NORMALLY
[12:57] {Threei} {C}
[12:59] {GeoArb} 20.f5 quadruple top C hehe
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
[13:00] {Threei} sigh
[13:00] {GeoArb} hey dave
[13:00] {magoo} sigh
[13:00] {laserdave1} hey guys
[13:00] {magoo} DCC dave
[13:00] {laserdave1} o sorry mags
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
[13:00] {magoo} there u go:)
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
[13:01] {GeoArb} mymy he shows up with trouts twirling
[13:08] {laserdave1} i have taken so much abuse from these guys Geo
[13:08] {laserdave1} they punish me
[13:08] {GeoArb} yeah i have seen that
[13:08] {laserdave1} so a lil pay back once in awhile is nice
[13:08] {GeoArb} its all love
[13:08] {laserdave1} feels real good
[13:08] {laserdave1} lol
[13:08] {GeoArb} lol
[13:08] {Threei} yeah dave... but the real question is, was any of that abuse undeserved
[13:08] {laserdave1} no sir
[13:09] {Threei} there you go :)
[13:09] {GeoArb} we should run a study on how agressively lasertave flashed the trout
[13:09] {GeoArb} vs how much he killed in the ,arket
[13:09] {GeoArb} i suspect there is a correlation
[13:09] {laserdave1} i loves the abuse......why u think i am always such a bad boy?
[13:09] {Threei} WB heated battle here
[13:10] {Threei} not sure I want to participate
[13:10] {Threei} no single stop in two days, and what days
[13:10] {Threei} don't want uncertain fights
[13:12] {Threei} if you feel like trying, it seems likely to revisit .25 high
[13:12] {Threei} and mostl likely break higher
[13:13] {GeoArb} is that a flashing green call vad?
[13:14] {Threei} it's just what I said... my feeling for it is above, and I personally am not taking this trade
[13:14] {GeoArb} :)
[13:14] {Threei} too laborous for me after many much easier trades
[13:14] {Threei} consider it me exercising my crystal ball
[13:17] {Threei} CITIGROUP HAS REPORTEDLY INITIATED A HALT IN EMPLOYMENT OF BROKERS AT WACHOVIA- UNCONFIRMED REPORT
[13:18] {Threei} .25
[13:19] {GeoArb} hmmm this was an easy button
[13:19] {Threei} and higher
[13:19] {Threei} crystal ball is fine
[13:19] {GeoArb} anyone partake?
[13:21] {Threei} CONGRESSIONAL AIDE: RECEIVING A LOT OF CALLS IN FAVOR OF BAILOUT BILL FROM CONSTITUENTS
[13:21] {Threei} yeah? wasn't it like 99% calls against it?
[13:21] {GeoArb} he didnt talkk about the "lotter" calls against
[13:22] {GeoArb} new grammer..... little lots lotter
[13:22] {GeoArb} (ok i need lunch)
[13:22] {Threei} lol
[13:23] {GeoArb} ya know what i love about all this.?
[13:23] {GeoArb} my POS mortgage broker is out of a job
[13:24] {GeoArb} last I heard... he was selling theatre tickets
[13:24] {magoo} what bank is POS?
[13:24] {GeoArb} heheheh
[13:24] {GeoArb} piece of %^#^%
[13:25] {GeoArb} term of endearment
[13:25] {magoo} gotcha
[13:25] {GeoArb} i remember he got so pissed of at me when i insisted on reading the docs i was signing
[13:25] {Threei} heh
[13:26] {GeoArb} "trust me"
[13:26] {Threei} can you blame him? all those 15 minutes you took from him while reading is 3 new suckers he could get to sign
[13:26] {GeoArb} i took 2 hrs
[13:26] {GeoArb} ES broke high
[13:27] {GeoArb} oil broke 100
[13:27] {Threei} there you go
[13:27] {Threei} you just stole a lot of his business by tying him up for that long
[13:27] {GeoArb} the stealing was all him trust me
[13:28] {GeoArb} its funny that now credit is getting tighter banks aer phasing out independent mortgage brokers
[13:28] {Threei} crisis was approaching... he had to get as many bodies as possible while they were warm
[13:28] {GeoArb} not enouight pieces of pies left
[13:28] {Threei} and here you are, reading fine print
[13:28] {GeoArb} lol
[13:29] {GeoArb} es and oil both at daily highs
[13:29] {GeoArb} wrd
[13:30] {Threei} not really
[13:30] {Threei} new paradigm
[13:30] {GeoArb} pray tell
[13:31] {Threei} oil is not a major worry anymore, it doesn't rule the market direction,
[13:31] {Threei} instead, oil is moving up when there are signs of economy doing better
[13:31] {Threei} and drops when things look bleak, on demand destruction worries
[13:32] {Threei} this dynamic will work for a while
[13:32] {GeoArb} makes sense vad
[13:32] {Threei} then, I suspect, oil is oing to get hit but completely other things
[13:32] {Threei} ...going to get hit by...
[13:33] {Threei} namely, by the structure of its futures trading
[13:33] {Threei} which in a sense is a bubble on its own
[13:33] {GeoArb} well now Es is 6% margin
[13:33] {GeoArb} we get 10%
[13:34] {GeoArb} not much sense going to futures
[13:34] {GeoArb} 5-10 depending
[13:34] {Threei} where huge derivatives structure is overhanging relatively small underlying market
[13:34] {Threei} and when this thing unravels...
[13:35] {peterg} Any info on redemptions from hedge funds today?
[13:38] {GeoArb} decent up day today
[13:38] {GeoArb} i had thought sideways
[13:44] {Threei} C .76 worth a try
[13:44] {Threei} if stays above .65
06[13:56] * Threei kicks C in the rear with steel-toed heavy duty army boots
[13:57] {Threei} ummm... did I mix the sides?
[13:57] {Threei} was that the front?
06[13:59] * Threei is turning C around and repeating kick
[14:00] {GeoArb} comeon vad
[14:00] {GeoArb} i bank there
[14:00] {GeoArb} now ill be thinking about that when i go to atm
[14:00] {GeoArb} tch tch
[14:00] {Threei} lol
[14:00] {GeoArb} enh i am out
[14:01] {Threei} OK, this seems to be the right side
[14:01] {GeoArb} will trade in non lunch time
[14:01] {GeoArb} 3 cents
[14:02] {GeoArb} es looking ready to fall IMO
[14:03] {dino} .
[14:03] {GeoArb} vad made me too much money so am in profit protection mode
[14:04] {dino} gj
[14:04] {Threei} good idea
[14:16] {Threei} half out C .89
[14:17] {GeoArb} just like vad
[14:17] {GeoArb} squeezed blood from a stone
[14:17] {Threei} lol
[14:17] {GeoArb} you in IRS vad? :)
[14:18] {Threei} part time only
[14:20] {GeoArb} i will accept my trouts right about now
[14:20] {Threei} HOUSE SPEAKER PELOSI AND SENATE MAJORITY LEADER REID STATE THEY ARE CONFIDENT CONGRESS WILL PASS A RESPONSIBLE BAILOUT BILL
[14:20] {dino} rcrc sm l .75
[14:24] {Threei} got that half back at .74
[14:24] {Threei} offering it .85
[14:24] {Threei} out
[14:24] {Threei} lol
[14:25] {Threei} WB??
[14:26] {dino} srcl sm l .71
[14:26] {Threei} that was funny on C
[14:26] {GeoArb} yup
[14:27] {GeoArb} squeezing stone truely
[14:28] {Threei} if the stone is sqeezable...
[14:28] {Threei} remember G. gekko's answer to "why do you qwant to wreck this company?"
[14:28] {Threei} "because it's wreckable, alright??"
[14:29] {Threei} offering second half at 20.01
[14:29] {Threei} 21.01
[14:31] {GeoArb} i guess this was a patience grasshopper lesson
[14:32] {Threei} I can pretend that too... but the truth is, it was deep sleep
[14:33] {Threei} out .98
[14:33] {Threei} whatever... why do I fight for 3 cents
[14:40] {dino} out srcl +.20
[14:44] {dino} zion drop
[14:51] {dino} sm dxd l .10
[15:12] {Threei} sharp down WB
[15:23] {dino} dxd stopped -.37
[15:35] {Threei} US TREASURY SEC PAULSON: CREDIT MARKET PROBLEM CONTINUE, STRONG ACTION NEEDED - CONF CALL WITH AMERICAN BANKER'S ASSOCIATION
[15:36] {dino} amzn sm s .97
[15:40] {dino} stopped. calling it a day. i can't trade these big up days for sh#t
[15:41] {Threei} sorry dino
[15:41] {Threei} it's my kind of market
[15:41] {Threei} can do no wrong
[15:41] {dino} not your fault. had to leave for a couple hours, and just generally sucked
[15:42] {dino} when i check my records, the big open and continue days are some of my worst
[15:42] {dino} i am simply an idiot
[15:42] {Threei} usually not my favorites either
[15:42] {Threei} but this one worked fine
[15:42] {dino} gj
[15:43] {GeoArb} yeah good day
[15:43] {GeoArb} didnt get greedy took what vad gave me hehehh
[15:44] {GeoArb} except for the C
[15:45] {dino} gj geo
[15:45] {dino} my mind is wired for dis-belief
[15:47] {GeoArb} i hear you
[15:47] {GeoArb} every time i take what he plays..... i get paranoid about what ifs
[15:47] {GeoArb} what if he retires
[15:47] {GeoArb} etc etc
[15:48] {Threei} ummm
[15:48] {Threei} right in the middle of the play?
[15:48] {GeoArb} no at the end
[15:48] {GeoArb} lol
[15:48] {Threei} leaving you with no instructions on exit?
[15:48] {Threei} must be scary thought
[15:48] {GeoArb} not really
[15:48] {GeoArb} its the cumulative effect aht will hurt
[15:48] {Threei} OK, let me assure you,
[15:48] {GeoArb} not play by play
[15:49] {Threei} if I do, I'll make sure I leave the detailed description for each unfinished trade {G}
[15:49] {GeoArb} if I knew the genesis API as well as some i know
[15:49] {GeoArb} i would conspire with laserdave and hooks your entries and exits with mine
[15:49] {GeoArb} lol
[15:50] {GeoArb} now thats real authotrading
[15:50] {dino} rumors of suspending mark to market
[15:50] {GeoArb} really?
[15:50] {patience} doug kass on realmoney said it at 2:34 pm
[15:51] {GeoArb} so mark to fantasy?
[15:51] {dino} kass-man on real$
[15:51] {dino} its' a tough thing. if i had to mark to market my real estate, hmmmm
[15:52] {dino} as there is not much market
[15:52] {GeoArb} how much is real money sub patience?
[15:53] {patience} haven't a clue, it just goes through credit card
[15:53] {Threei} which is not real money {G}
[15:53] {dino} same here
[15:53] {GeoArb} you have it too dino?
[15:53] {dino} i think 79$
[15:54] {dino} y
[15:54] {dino} for years
[15:54] {patience} vad, was today a light volume day because of jewish holiday?
[15:54] {Threei} I guess
[15:55] {Threei} usually is
[15:55] {GeoArb} ok thanks
[15:55] {GeoArb} ok is 99 now
[15:56] {Threei} a month??
[15:56] {GeoArb} year
[15:56] {Threei} whew
[15:56] {Threei} lol
[15:56] {GeoArb} if it ws a month i fdont think they would let their cards be charged without noticing.
[15:57] {dino} acwx
[15:58] {Threei} Ok guys, thank you all
[15:58] {GeoArb} thanks
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {dino} out rcrc .95 +.20

Sep 29 2008

Session Time: Mon Sep 29 00:00:00 2008

[08:30] {Threei} AUG PERSONAL INCOME: 0.5% V 0.2%E; PERSONAL SPENDING: 0.0% V 0.2%E
[08:30] {Threei} AUG PCE CORE M/M: 0.2% V 0.2%E; PCE CORE Y/Y: 2.6% V 2.4%E; PCE DEFLATOR Y/Y: 4.5% V 4.5%E
[08:33] {Threei} Wachovia is no more
[08:33] {dino} gm all
[08:34] {Threei} dino :)
[08:35] {hawkfan4} good morning
[08:35] {Threei} hawk :)
[08:36] {Threei} under 1 now
[08:36] {hawkfan4} dino's in early, this must be serious ;})
[08:37] {Threei} hehe
[08:38] {dino} lol, other issues bro
[08:38] {hawkfan4} :)
[08:39] {Threei} JPM fared very well after taking over WM
[08:40] {Threei} maybe C is worth watching
[08:40] {pita} morning all - been on "outer Mongolio" w/o news internet - is the workl still ending any day?
[08:41] {Threei} pretty much pita
[08:41] {pita} what a mess
[08:42] {Threei} TREASURY'S PAULSON: WACHOVIA'S FAILURE WOULD HAVE POSED SYSTEMIC RISK, FDIC'S ACTION HELPED MITIGATE THIS RISK
[08:47] {magoo} lidhla,ealhiadkdsljd
[08:48] {Threei} okhjgntom?
[08:48] {Threei} I am looking at JPM on Fri,
[08:48] {Threei} gapped down initially,
[08:49] {Threei} then climbed big all day
[08:49] {Threei} trying to find parallels for C
[08:58] {Threei} half lot C makes sense here long if it breaks 19
[08:58] {Threei} with stop under .90
[08:58] {Threei} and attempt to ride it for a bigger prize
[08:59] {Onix} Good morning all
[08:59] {Threei} onix :)
[09:06] {Threei} I am after $1 or so on C
[09:06] {Threei} but don't let me keep you from partialing out
[09:07] {magoo} u holding into opening bell? no right?
[09:08] {Threei} ?
[09:08] {peterg} motninh
[09:08] {Threei} peter :)
[09:08] {peterg} morning
[09:08] {magoo} its very risky tohold into an open...
[09:08] {Threei} my risk is 15 cen5ts
[09:08] {magoo} are u cranky?
[09:09] {Threei} ain't I always?
[09:09] {magoo} it could just fall off and thru your stop in a violent open is all
[09:09] {GeoArb} gm
[09:09] {Threei} Geo :)
[09:10] {Threei} if that happens mags, THEN I'll be cranky {G}
[09:10] {magoo} me too boss :)
[09:13] {Threei} going to sell before open magoo?
[09:14] {Threei} CAEI
[09:14] {Threei} ANNOUNCES $16M IN NEW CONTRACTS
[09:14] {Threei} - These latest contract wins are for projects in CAE's domestic market of Mainland China. They include a facade for the Hengze Tiancheng Podium Building in Dalian City as well as Phase 2 of the highly anticipated horseracing track in Wuhan City, the only city in China where betting on horses will be legalized by next year.
[09:14] {Threei} - CAE expects to recognize revenues from these two new projects from now until the end of the Q4 of 2009.
[09:15] {Threei} FRE
[09:15] {Threei} RECEIVES FEDERAL GRAND JURY SUBPOENA AND SEC INQUIRY
[09:16] {magoo} id prefer too vad...
[09:16] {dino} good on subpoena. all of these guys should get whacked
[09:16] {Threei} OK, then spike over .50 is probably coming and that's where I'd dump half
[09:17] {magoo} t the bell
[09:17] {Threei} here we go mags
[09:18] {Threei} nice cool 50 cents or so
[09:18] {Threei} - Freddie Mac received from the Staff of the Enforcement Division of the United States Securities and Exchange Commission notice indicating that the Enforcement Division is also conducting an inquiry, and directing the Company to preserve documents.
[09:18] {Threei} - The subpoena seeks documents relating to accounting, disclosure and corporate governance matters for the period January 1, 2007 to the present.
[09:19] {fernp} Good morning
[09:19] {Threei} fern :)
[09:21] {Threei} MS
[09:21] {Threei} MITSUBISHI UFJ FINANCIAL GROUP TO INVEST $9B FOR 21% STAKE MORGAN STANLEY
[09:22] {Threei} MS is happy
[09:23] {Threei} well, with 9B I would be too
[09:23] {magoo} yep
[09:23] {Threei} C
[09:23] {Threei} CUTS DIVIDEND TO $0.16 FROM $0.32, TO RAISE $10B IN COMMON EQUITY
[09:23] {Threei} - Tier 1 capital ratio at 8.8% asssuming completion of WB transaction, notes WB will remain a public company for its management businesses, transaction expected to close by year end.{WB}
[09:25] {dptl} good morning all
[09:25] {Threei} dp :)
[09:26] {magoo} u watching MS for a trade vad??
[09:27] {Threei} probably
[09:27] {magoo} support like 24.50?
[09:27] {Threei} my working assumption for today is a strong rally at some point,
[09:27] {Threei} most likely after violent shakeout
[09:27] {magoo} i agree
[09:28] {magoo} scare everyone out first
[09:28] {Threei} 24 is more pronounced support for MS
[09:28] {Threei} let's keep bets small
[09:28] {esemde} morning/
[09:28] {Threei} ese :)
[09:28] {Threei} volatility is likely to be big
[09:29] {Threei} C gave second chance mags
[09:29] {Threei} don't tell me you haven't used either
[09:29] {magoo} no im out in full TY
[09:29] {Threei} :)
[09:32] {Threei} here comes my dollar on C
[09:32] {Threei} half out
[09:32] {Threei} +1
[09:32] {GeoArb} premarket... do you do a lot vad?
[09:32] {Threei} stop to 19.40 and offering second half at 21.05
[09:33] {Threei} MS gets interesting
[09:33] {pita} ty Vad - got a piece of it....
[09:33] {Threei} pita :)
[09:33] {Threei} OK, small shares MS ohere
[09:34] {Threei} on a first strength
[09:35] {Threei} what a wierd trading
[09:36] {GeoArb} bonds spiking up
[09:36] {GeoArb} high of day
[09:37] {Threei} not sure what happend there, but I got couple quite wierd executions on MS,
[09:37] {Threei} bought lower than qquotes I saw at the momenty, and sold higher
[09:39] {peterg} ty vad got /76 on ms
[09:39] {Threei} nice
[09:40] {Threei} violent shakekout in progress
[09:40] {Threei} DJI - 177
[09:41] {Threei} NQ - 47
[09:42] {cosmo} IDEV hod= 3.45 fyi
[09:44] {Threei} rimm
[09:44] {Threei} long on 67 break if holding above .70
[09:45] {Threei} lost support
[09:45] {Threei} look for bounce around 66 or lower
[09:45] {esemde} whats your reasoning for the shakeout Vad?
[09:45] {esemde} market unhappy with bailout package?
[09:46] {Threei} reasoning? me?
[09:46] {Threei} FED REFRAINS FROM OPEN MARKET OPERATIONS IN USUAL PERIOD
[09:47] {magoo} dam..missed RIMM
[09:47] {Threei} out RIMM +.90
[09:47] {Threei} I believe market will be happy with it ese
[09:47] {esemde} No t-bills.....tightening are they?
[09:47] {Threei} but it was too widely expected happiness
[09:48] {Threei} so gotta shake out those who go for obvious first
[09:48] {GeoArb} ok now gold at highs too
[09:49] {GeoArb} aapl orderly down
[09:49] {GeoArb} rimm
[09:50] {Threei} FRE
[09:50] {Threei} SELLS $1B OF 3-MONTH NOTES AT 2.79% YIELD, WITH BID/COVER RATIO AT 3.89 V 2.92 ON SEPT 22 SALE
[09:50] {dino} aapl july 07 lows
[09:52] {cosmo} IDEV gonna test
[09:53] {dino} dji -5% since friday highs
[09:53] {cosmo} red salmon maybe
[09:54] {Threei} JPM
[09:54] {dino} ndx worse -7%
[09:54] {Threei} bounce candidate
[09:54] {Threei} no price level call
[09:54] {Threei} either you get a feel for it or stay away
[09:54] {Threei} and keep bets small
[09:55] {dino} watchoing ups, luv, nue, fwlt
[09:55] {dino} they want -400 dji imo
[09:56] {esemde} interesting looking DJI 1 minute chart...
[09:57] {Threei} Long Setup: MS .50 break half lot if stays above .30
[10:00] {esemde} PAAS...nice move up oin aday like this
[10:00] {Threei} silver
[10:00] {esemde} i think so
[10:00] {Threei} MS 1:1
[10:01] {Threei} and down right away
[10:01] {GeoArb} something wrog with charting hmmm
[10:01] {esemde} no kidding eh.....
[10:01] {GeoArb} doesnt even chow the 1:1 on mine
[10:02] {Threei} I know it was there, got hit at .75
[10:02] {GeoArb} yeah i was that
[10:02] {GeoArb} but never on chart
[10:03] {dino} sm l luv .609
[10:05] {dino} seems to me they are flooding the world w/money
[10:06] {dino} txrh
[10:06] {dino} too fast
[10:07] {dino} my point, i guess is it must end up somewhere eventually
[10:10] {Threei} RIMM sharp down
[10:10] {Threei} we seem to be approaching the panic stage
[10:11] {Threei} wait it out for now
[10:11] {Threei} don't try to catch arbitrary bottom
[10:12] {Threei} start marking your candidates
[10:12] {Threei} C is certainly one
[10:12] {Threei} 20 break
[10:12] {patience} stink bids are entered in ag stocks :) just for a bounce
[10:12] {Threei} .85 stop
[10:15] {dino} sm ups l .51
[10:15] {dino} too soon
[10:15] {peterg} could this be the shakeout
[10:15] {dino} stop lod
[10:16] {esemde} OK....theres a new one.....Stink Bids patience?
[10:16] {peterg} watchin rimm
[10:16] {dino} capitulation feel
[10:16] {Threei} look at AAPL
[10:16] {dino} pcln -8, rimm -7 etc
[10:17] {hawkfan4} omg, AAPL, amazing
[10:17] {Threei} -21
[10:17] {Threei} NVDA, another bounce candidate for when we are finally done
[10:18] {dino} yeah and aapl
[10:18] {Threei} C no worky
[10:18] {dino} wynn holding well, considering.
[10:18] {esemde} with the financials that company has....you bet....
[10:18] {dino} also uso down hard, lower oil plays
[10:19] {Threei} UAUA moves with NQ now more than with USO
[10:19] {dino} financing issues most likely 3i
[10:20] {Threei} I guess
[10:20] {dino} oil 101
[10:20] {dino} luv holding nicely
[10:20] {Threei} FRE is strangely strong
[10:20] {GeoArb} 99.92 now
[10:20] {dino} ups too, fdx not bad
[10:20] {Threei} or should I say weirdly
[10:20] {esemde} only so much blood you can get from a stone i think
[10:20] {Threei} peter?
[10:21] {peterg} yes
[10:21] {Threei} panic is still ahead of us me thinks
[10:21] {dino} it wants -400
[10:21] {Threei} we haven't seen last cleansing selloff yet
[10:21] {dino} +
[10:21] {peterg} ok; going to day job for copl hrs; see you hopefully happily bloodied
[10:21] {dino} 10400 panic bottom the 18th
[10:21] {patience} tsx down -520
[10:21] {dino} ouch
[10:22] {Threei} wow
[10:22] {esemde} today Vad....or maybe tomorrow
[10:22] {Threei} hurry back peter
[10:22] {Threei} today is one of those days you don't want to miss
[10:22] {Threei} not necessary from tarding point of view,
[10:22] {peterg} thks; ok have fun
[10:22] {peterg} from learning pov?
[10:23] {Threei} pure watching of this kind of evetnts unfolding is invaluable education
[10:23] {peterg} father in law not sure how to react when I told him I
[10:24] {peterg} m smiling while everyoe]ne else crying
[10:24] {GeoArb} dirty speculator
[10:24] {peterg} exactly
[10:25] {dino} our local newspaper was blaming "traders" for thos on saturday. unbelievable
[10:25] {dino} this
[10:31] {Threei} this bounce feels a but premature to me...
[10:31] {Threei} want to see more panic selling to start hunting
[10:38] {Threei} going to try C again
[10:38] {Threei} same setup
[10:39] {Threei} 1:1, half out
[10:39] {Threei} scalpers take profit
[10:41] {Threei} stop to under 20 for those who holds half
[10:47] {Threei} C
[10:47] {Threei} SEES COMBINED ASSETS OF ABOUT $2.9T WITH WB{ ESTIMATES $600M IN CHARGES DUE RO ACQUISITON, $100B WORTH OF ASSETS ARE SALEABLE
[10:47] {Threei} - CEO notes that Citigroup passed up other opportunities for acquisitions
[10:47] {Threei} 1:2
[10:47] {Threei} 1/4 more out
[10:48] {Threei} stop to .14
[10:48] {Threei} offering the balance at .49
[10:49] {Threei} am I too greedy?
[10:49] {Threei} stop to .19
[10:49] {magoo} not if mkt poowers up
[10:50] {magoo} big IF
[10:50] {Threei} direct hit
[10:50] {Threei} +.48 last portion
[10:50] {Threei} wow, just in time
[10:52] {dino} out ups .31, +.80
[10:52] {Threei} wtg
[10:52] {dino} ty
[10:52] {Threei} peter is right... one of those days you are happy to be a DAY trader
[10:53] {dino} out c .41 +.42 ty 3i heads up
[10:53] {Threei} welcome sir
[10:56] {Threei} C half lot lng on this pullback, stop under .40
[10:57] {Threei} on .65 break trail stop to .45
[10:58] {Threei} look to exit above .80
[10:59] {Threei} here it is
[10:59] {Threei} out .86, +.30
[11:02] {dino} gj
[11:03] {Threei} all this trading in C is around that core position from the morning 19 entry... still got half of that waitring for exit over 21
[11:08] {Threei} C
[11:08] {Threei} CFO: EXPECTS Q3 DECLINE IN NET INCOME V Q2, YET BETTER THAN Q1
[11:08] {Threei} - Notesthat Q3 suffering from consumer credit losses
[11:09] {dino} penn sm l .79
[11:09] {Threei} come on C
[11:09] {Threei} just 10 cents left
[11:09] {Chaeron} good morning all
[11:10] {Threei} Chaeron :)
[11:11] {Threei} out last C 21.05, +$2
[11:12] {Threei} tough crowd... dino... I don't know how you cope with it :)
[11:13] {hawkfan4} lol, nice job vad. and just to cover myself, nice job dino on your next one :)
[11:14] {Threei} lol
[11:14] {Threei} nice save hawk
[11:14] {GeoArb} wha?
[11:20] {Threei} wow
[11:20] {Threei} what's that on C?
[11:20] {GeoArb} vads 2 dollars?
[11:21] {Threei} [08:48] {Threei} I am looking at JPM on Fri,
[11:21] {Threei} [08:48] {Threei} gapped down initially,
[11:21] {Threei} [08:49] {Threei} then climbed big all day
[11:21] {Threei} [08:49] {Threei} trying to find parallels for C
[11:21] {Threei} [08:58] {Threei} half lot C makes sense here long if it breaks 19
[11:21] {Threei} [08:58] {Threei} with stop under .90
[11:21] {Threei} [08:58] {Threei} and attempt to ride it for a bigger prize
[11:21] {Threei} [09:06] {Threei} I am after $1 or so on C
[11:21] {GeoArb} ok ok vad
[11:21] {GeoArb} geo{- bows down
[11:22] {Threei} [09:32] {Threei} here comes my dollar on C
[11:22] {Threei} [09:32] {Threei} half out
[11:22] {Threei} [09:32] {Threei} +1
[11:22] {Threei} [09:32] {Threei} stop to 19.40 and offering second half at 21.05
[11:22] {GeoArb} yesyesyes
[11:22] {GeoArb} maan he is pissed....... i guess the 2 bucks didnt cheer him up
[11:23] {GeoArb} :P
[11:23] {dino} gj 3i
[11:23] {Threei} ty
[11:23] {Threei} why would I
[11:23] {dino} distraction day
[11:23] {GeoArb} great threei
[11:23] {Threei} just showing whole play layout
[11:24] {Threei} do I look that intim idating that people constantly misread me, lol
[11:24] {Threei} intimidating
[11:24] {Threei} simply answering magoo's question, he thinks I am cranky
[11:25] {Threei} (well, I am, but that's just my permanent state so nothing out of ordinary)
[11:25] {GeoArb} hehehe
[11:25] {Threei} eliminating need to scroll up for Geo, he thinks I am pissed
[11:25] {GeoArb} i thought you were going to keep posting till we said GJ
[11:25] {GeoArb} heheheh
[11:25] {Threei} if I start shooting people, what, are going to think I am irritated?? :(
[11:26] {GeoArb} mildy peeved mayb
[11:26] {GeoArb} e
[11:26] {Threei} lol
[11:26] {GeoArb} so i was reading some story about russian mafia and entry in finance
[11:26] {GeoArb} so the russian dude says.......
[11:26] {GeoArb} the italians play bocce ball to unwind
[11:26] {GeoArb} we play chess
[11:26] {GeoArb} lol
[11:27] {GeoArb} tough crowd
[11:28] {Threei} too deep
[11:28] {Threei} we are simple creatures
[11:28] {GeoArb} yeah
[11:28] {GeoArb} 2 buck chucks
[11:28] {GeoArb} (trader joes) for the canadians
[11:41] {Threei} US HOUSE MAJORITY HOYER REMARKS THAT IS 'HOPEFUL' THE VOTES ARE THERE NECESSARY TO PASS RESCUE BILL
[11:41] {Threei} {XLF}
[11:42] {Threei} imagine if they say no deal
[11:43] {Threei} Dow 7K in like 10 min?
[11:50] {esemde} logging off see you all tomorrow
[11:51] {Threei} take care ese
[11:54] {Threei} HOUSE AND SENATE TALKS HAVE REACHED AN IMPASSE ON THE ENERGY RESEARCH TAX BILL
[11:54] {Threei} {TAN}
[11:54] {Threei} what's with VLNC today?
[11:54] {Threei} is it being looked at as battery supplier for electric cars?
[11:57] {dino} dk
[12:09] {dino} ok, i think it's about time the risk management guys in the banking industry were let go
[12:09] {GeoArb} heh
[12:10] {GeoArb} they were all emasclated anyway
[12:10] {dino} :)
[12:10] {GeoArb} except in JPM
[12:10] {dino} seems to me it's been a big waste of $
[12:10] {GeoArb} not really as they are the least paid
[12:10] {GeoArb} lol
[12:10] {dino} lol
[12:13] {dino} watching ddm, qld, sso
[12:15] {dino} fitb
[12:15] {Threei} what time do they vote on rescue bill?
[12:16] {dino} 12:30-1:00
[12:16] {Threei} ty
[12:16] {Threei} siting on a sideline for now
[12:16] {dino} but it could change
[12:17] {Threei} market flatlined
[12:18] {Threei} NEW YORK FED: STAKE IN AIG HAS THE POTENTIAL TO PROVIDE SUBSTANTIAL RETURNS TO THE US TAXPAYER
[12:23] {dino} you would hope
[12:23] {Threei} it happened before
[12:24] {Threei} Chrysler bailout is one example
[12:24] {Threei} not very clear whether today's banks have their Lee yaccoca though, lol
[12:25] {dino} supposedly this rescue bill, has the govt. receiving warrants from companies...theorically, it could make them money on the real estate and banks stocks
[12:29] {Threei} CNBC REPORTS HOUSE VOTE COULD COME "SOONER THAN EXPECTED"
[12:29] {Threei} headline cicrus starts
[12:32] {dino} sso sm l .85 risky
[12:35] {Threei} WHITE HOUSE BELIEVES IT HAS THE VOTES NECESSARY TO PASS BAILOUT LEGISLATION
[12:50] {Threei} VLNC... I don't want to chase it here but gotta watch it
[12:50] {Threei} if it's really possible battery supplier for all those electric cars in works, it could run big
[12:59] {Threei} wow, I just noticed how much oil dropped
06[13:01] * dino slaps Threei around a bit with a large trout
[13:08] {Threei} why... oh why
[13:09] {Chaeron} yeah... US$ up, oil down, we're all doing great
[13:09] {Threei} except DJI is down 310
[13:09] {Threei} NQ 93
[13:09] {Chaeron} they just don't know it yet *cough*
[13:09] {Threei} market acts as it doesn't think bill will be passed or lost faith in its effectiveness
[13:11] {dino} fwiw doug kass is covering aggressively
[13:12] {Threei} DELL is one of long candidates if rally develops
[13:13] {Threei} fairly close to low, risk is minimal
[13:14] {Threei} let's hear from optimists:
[13:14] {Threei} EU'S JUNCKER: THE CRISIS WILL BE WITH US FOR "A FEW MORE MONTHS"
[13:14] {Threei} circus continues:
[13:14] {Threei} US MINORITY LEADER BOEHNER: NUMBER OF VOTES TO PASS BILL 'IN SERIOUS DOUBT'
[13:15] {dino} he seems excited
[13:16] {magoo} roflol
[13:18] {Threei} NOTES THAT THE RISK IN NOT ACTING IS MUCH GREATER THAN TAKING NO ACTION
[13:19] {Chaeron} somethings wrong there...
[13:19] {dino} he's trying to copy teddy roosevelt...
[13:20] {hawkfan4} last speaker before the vote up now
[13:20] {dino} in any moment of decision the best thing you can do is the right thing. the worst thing you can do is nothing.
[13:21] {Threei} too deep dino... just tell us yay or nay
[13:22] {dino} yay
[13:22] {Chaeron} I say nay
[13:22] {dino} imo, decided late friday, they are just posturing
[13:22] {patience} i'm with dino
[13:23] {dino} it's a p.r. stunt in campaign year
[13:23] {hawkfan4} agree too, seems too risky not to pass it
[13:23] {patience} i believe each side is negotiating terms of other bills they are willing to concede or give agreement on in order to pass this bill
[13:24] {Chaeron} I say they've created a "crisis" to get the public to behave the way they want them to
[13:24] {dino} u r correct patience
[13:24] {dino} u 2 chaer
[13:26] {Chaeron} DELL?
[13:26] {dino} what they forget is the delays are killing month end pension, mutual fund, and statement reports
[13:27] {dino} altho, maybe thats the plan.......
[13:28] {Chaeron} yes... then it passes and "lookee what WE did!"
[13:28] {hawkfan4} vote underway
[13:28] {dino} passed
[13:29] {Threei} C spiked sharply
[13:29] {Threei} DELL moving
[13:29] {dino} opps too soon
[13:30] {Threei} pulback
[13:30] {Chaeron} buy on it?
[13:30] {Threei} you know your candidates for when vote is known
[13:31] {Threei} if passes buy
[13:31] {Threei} if not, shrt the hell out of everything you can short
[13:31] {Threei} except QID, lol
[13:31] {hawkfan4} lol
[13:32] {dino} ultrashorts, qid, sds, dxd, eev
[13:34] {dino} only 18 votes apart
[13:35] {Threei} FRE seems to be reacting as well
[13:37] {dino} 134/130
[13:37] {Threei} wow
[13:37] {Threei} that's tight
[13:37] {dino} even
[13:38] {dino} 4:45 left
[13:39] {dino} 155/148
[13:39] {dino} simple majority is all it takes
[13:40] {dino} 3 min.
[13:40] {Threei} 157/159
[13:40] {Threei} even
[13:40] {dino} like a horse race
[13:40] {dino} -4
[13:40] {Threei} no kidding
[13:40] {Threei} no ahead
[13:41] {Threei} 166/171
[13:42] {dino} 1 min left -8
[13:42] {Threei} QID is your simplest way to play nay
[13:43] {dino} buckle up
[13:43] {dino} nay
[13:44] {dino} -470
[13:44] {patience} tsx - 665
[13:44] {Threei} if you took QID, half out here
[13:44] {dino} not voted wait
[13:44] {dino} 28
[13:45] {Threei} easy dollar from the moment of vote
[13:45] {dino} nice
[13:45] {Threei} if you shorted DELL, cover here
[13:45] {Threei} just a scalp
[13:45] {dino} -600 coming
[13:45] {patience} freefall
[13:45] {Threei} EMERGENCY ECONOMIC STABILIZATION ACT DOES NOT RECEIVE ENOUGH VOTES TO PASS IN THE HOUSE OF REPRESENTATIVES
[13:45] {Threei} - Did not reach 217 required in favor
[13:46] {dino} 10461
[13:46] {dino} watch it
[13:46] {Threei} out QID in full
[13:46] {dino} can you say capitulation
[13:46] {Threei} up a lot
[13:46] {patience} gold up 23 bucks
[13:48] {Threei} ok, anyone played??
[13:48] {Threei} that was the easiest play in I don't know how long
[13:48] {Threei} real time news trigger in front of your eyes, no leak
[13:48] {dino} hit -705\
[13:49] {patience} tsx -800
[13:50] {patience} g7 central banks flooding liquidity into system i'm assuming
[13:51] {dino} they can change their votes careful
[13:53] {patience} how does that work dino?
[13:53] {Threei} ummm
[13:53] {Threei} what just happened?
[13:53] {magoo} running around house trying to see who will switch
[13:53] {patience} are we in round 1 of 'x' amount of rounds?
[13:54] {Threei} see DELL spike?
[13:54] {Threei} told you it was scalp only on a short side
[13:55] {Threei} stay on a sideline now, easy money has been made
[13:58] {peterg} im bagck, scrolled through all ive missed--v interst
[13:58] {peterg} g
[13:58] {Threei} that was the easiest money I've made this year
[13:58] {Threei} so... what now?
[13:59] {Threei} arm twisting behind the curtian?
[13:59] {peterg} yeah!
[13:59] {Threei} paulson resigns?
[13:59] {Chaeron} waterboarding
[13:59] {Threei} here comes extremely important news:
[13:59] {Threei} CNBC'S LIESMAN: CONGRESSIONAL AIDE SAYS DISAPPOINTED WITH VOTE
[14:00] {Threei} I am lost here
[14:00] {Threei} vote has been made, no?
[14:01] {Chaeron} 11 members are being persuaded to change their vote
[14:01] {Threei} wehy does CNN still say it's in the process?
[14:01] {dino} good thing no shorts on financials, not! they are falling like rocks
[14:01] {Threei} fence -sitters?
[14:01] {Chaeron} no, wimps
[14:01] {Threei} ah
[14:02] {Threei} thanks for exhausting and comprehensive explanation of political system inner workings, chaeron
[14:02] {Chaeron} :) mp
[14:05] {Threei} what a drama
[14:05] {Threei} I ran out of popcorn
[14:05] {Threei} geo ran out of pampers
[14:05] {patience} feels like we're waiting for the other shoe to drop
[14:05] {magoo} they just mentioned hanging chads
[14:05] {dptl} vlnc?
[14:06] {Threei} something's going on there dp...
[14:06] {Threei} I hate to chase it that far
[14:06] {dptl} ok ty
[14:06] {Threei} see CNN?
[14:07] {dino} re-vote
[14:07] {patience} watching
[14:07] {magoo} they wont let it fail
[14:08] {GeoArb} hey !!!
[14:08] {GeoArb} i like depends
[14:08] {Threei} sounds like a good choice for today
[14:09] {GeoArb} sorry in office...
[14:09] {dino} heading to the lows
[14:09] {Threei} HOUSE CLOSES THE VOTE ON BAILOUT BILL; BILL HAS FAILED
[14:09] {GeoArb} boss keeps dropping in wanting to discuss china trip.....I DONT CARE
[14:09] {GeoArb} what you hunting vad?
[14:10] {Threei} QID
[14:10] {GeoArb} still in/
[14:10] {GeoArb} ?
[14:11] {Threei} new entry
[14:11] {Threei} on no recount
[14:12] {Threei} out already
[14:12] {Threei} don't chase anything
[14:12] {GeoArb} nah flat
[14:12] {GeoArb} didnt trade as was distracted
[14:12] {GeoArb} should have called in sick :)
[14:12] {Threei} now main question is, what's next?
[14:13] {patience} i'm glad i'm not on margin
[14:13] {magoo} vad..no chance halt mkt?
[14:14] {Threei} I don't remember the curcut-breaker numbers
[14:16] {Threei} US REP FRANK LOOKING TO EVALUATE THE REACTION IN THE ECONOMY BEFORE ASSESSING THE NEXT STEP ON RESCUE PLAN
[14:17] {Threei} honestly, I never thought they would fail it
[14:17] {Threei} shows you how prudent it iss to avoid taking position in advance of event, on your personal conviction
[14:18] {magoo} mktd starting to mover upo
[14:18] {magoo} '
[14:24] {Threei} US REP FRANK: LOOKING TO EVALUATE THE REACTION IN THE ECONOMY BEFORE ASSESSING THE NEXT STEP ON RESCUE PLAN, "DISAPPOINTED" WITH VOTE
[14:24] {Threei} ops
[14:24] {Threei} wrong one
[14:24] {Threei} HOUSE LEADERS ARE PLANNING A SECOND ATTEMPT TO PASS THE MARKET STABILIZATION BILL - NY TIMES
[14:25] {Threei} WHITE HOUSE: BUSH PLANS MEETING WITH ECONOMIC TEAM, DIFFICULT TIMES IN THE ECONOMY NEED TO BE HANDLED
[14:25] {Threei} PIMCO'S BILL GROSS: THERE IS POTENTIAL FOR A CENTRAL BANK RATE CUT EITHER HERE OR ELSEWHERE AROUND THE WORLD FOLLOWING THE HOUSE REJECTION OF THE BAILOUT BILL
[14:25] {peterg} we'll handle em
[14:25] {magoo} we need to attack iran now
[14:25] {peterg} then ossetia
[14:25] {Threei} just leave Canada alone pls
[14:26] {peterg} k
[14:26] {Threei} ty
[14:26] {Threei} oil -9??
[14:26] {magoo} i know..i understand your military is taxed right now..........heard u sent 23 men to iraq he he
[14:28] {Threei} CNBC'S LIESMAN: NO CHANCE OF A SECOND VOTE ON THE BAILOUT BILL IN THE HOUSE TODAY
[14:28] {Threei} and we need two remaining to guard Arctic, mags
[14:31] {Threei} amazingly enough, gold is not up that much
[14:34] {Threei} WB opened after halt
[14:35] {dino} oil 97 -9.89
[14:35] {Threei} biggest one drop ever I think
[14:35] {Threei} one day drop
[14:37] {Threei} anyone found WB scalp?
[14:37] {Threei} CREDIT MARKET'S FAIRLY STABLE FOLOWING NO VOTE: US 3-MOTH TED SREADS HOLDING AROUND 330 BASIS POINTS
[14:37] {Threei} - this mornings high for the 3-mont TED spread was above 350 basis points
[14:37] {Threei} - 3-month T-bill yields are holding above 0.5%
[14:42] {Threei} ok guys, anyone's making money today?
[14:42] {Threei} you are so silent, I start thinking what I am doing here
[14:42] {magoo} i made alot with u but lost on my own..flat
[14:43] {Threei} okay... stay with me then, lol
[14:43] {magoo} i need u to get me $500
[14:43] {magoo} i made 3k with u
[14:43] {Threei} thigs flatline now
[14:43] {magoo} lost 3k exact SIGH
[14:43] {Threei} gosh... why haven't you just stopped when up hat mu8ch
[14:43] {magoo} u were hot
[14:44] {Threei} or set a stop on account for the day
[14:44] {magoo} greed
[14:44] {Threei} so you wouldn't lose more than certain amount
[14:44] {Threei} being up 3K, no way I would go home with less than 2500
[14:45] {magoo} well..im off so get me $500
[14:46] {peterg} I made a cpl bucks on rimm when I was hot;
[14:46] {dino} i'm down
[14:47] {Threei} FORMER FED GOV POOLE: ECONOMY WILL NOT SINK INTO ANOTHER GREAT DEPRESSION, BELIEVES FED SHOULD NOT LEND TO PRIVATE COMPANIES
[14:49] {Threei} WB
[14:49] {Threei} .56 long for scalp
[14:49] {Threei} if stays above .49
[14:50] {Threei} out 1.71
[14:50] {magoo} in .55 out .72 TY
[14:50] {Threei} a bit early but heck
[14:51] {Threei} big shares
[14:51] {magoo} 1k
[14:51] {GeoArb} good catarsis
[14:51] {GeoArb} caTH
[14:51] {Threei} awww
[14:51] {GeoArb} i am down 1.5k and locked out
[14:51] {GeoArb} dont even ask
[14:52] {Threei} ok... but how??
[14:52] {GeoArb} GLD long
[14:52] {Threei} no signle stopped call
[14:52] {Threei} oh
[14:52] {GeoArb} on my ^&%^&% own
[14:52] {GeoArb} it went down didnt respect stop and prayed..... puked at 1.5
[14:53] {Threei} oh sheesh
[14:53] {GeoArb} promise to myself
[14:53] {Threei} just saw my actualy wexecution
[14:53] {GeoArb} TAKE ONLY VAD CALLS FOR @ WEEKS
[14:53] {Threei} sent sell when it was 1.71, got fill at 1.78!
[14:54] {GeoArb} really?
[14:54] {Threei} 3K
[14:54] {GeoArb} wow
[14:54] {GeoArb} -210
[14:54] {Threei} hmm?
[14:54] {GeoArb} loss on execution no?
[14:54] {Threei} in .56
[14:54] {Threei} out .78
[14:54] {GeoArb} oh ok
[14:54] {Threei} planned out at .71
[14:55] {GeoArb} shees free 210
[14:55] {Threei} there
[14:55] {peterg} missed wb altogether; pressed button nothing happen
[14:55] {GeoArb} anyway.... i only trade vad calls for 2 weeks now
[14:55] {Threei} oh great... that's when I go cold as cucumber
[14:55] {peterg} too much pressure for vaksdky
[14:56] {GeoArb} and ill do 5 lots
[14:56] {peterg} but better than following me
[14:56] {GeoArb} heh
[15:00] {Threei} HOUSE ABANDONING PRE-ELECTION RECESS TO DEAL WITH THE BAILOUT BILL AND FINANCIAL CRISIS
[15:00] {GeoArb} well thats good i guess
[15:00] {Threei} I can't believe how kind, gentle, merciful, thoughtful and considerate they are
[15:00] {dino} luv stopped -.21
[15:01] {Threei} TREASURY SEC PAULSON: CONSULTING WITH FED'S BERNANKE AND PRESIDENT BUSH, READY TO USE ALL TOOLS AT HIS DISPOSAL
[15:01] {Threei} uh oh
[15:11] {Threei} HOUSE SPEAKER PELOSI: LINES OF COMMUNICATIONS ARE OPEN, WE MUST INSULATE AMERICANS FROM THIS CRISIS, SEES BIPARTISAN SUPPORT FOR A SOLUTION
06[15:13] * Threei slaps laserdave1 around a bit with a large trout
06[15:13] * magoo slaps laserdave1 around a bit with a large trout
[15:15] {Threei} oil -10.54
[15:15] {Threei} mama
[15:16] {dino} out penn -.50
[15:18] {dino} they are bickering and blaming each other like crazy
[15:18] {patience} tsx down -900 and gold up 33
[15:19] {Threei} 900???
[15:19] {Threei} biggest ever?
[15:19] {patience} don't know
[15:19] {hawkfan4} if people weren't disgusted by politicians before....
[15:19] {Threei} they were??
[15:19] {Threei} I can't imagine why
[15:21] {dino} it sounds like my daughter fighting w/my son....he said this, she said that
[15:21] {Threei} fess up dino,
[15:21] {Threei} do you use this line:
[15:21] {Threei} "you are older, you ought to be smarter"
[15:21] {dino} ironically alot of democrats voted no
[15:22] {GeoArb} 40% i believe
[15:22] {peterg} on bailout?
[15:22] {GeoArb} yeah
[15:22] {Threei} yes
[15:22] {dino} i know goe, so how can they blame rebublicans alone
[15:22] {GeoArb} 2/3 repubs no
[15:23] {peterg} maybe its a bad idea
[15:23] {GeoArb} http://clerk.house.gov/evs/2008/roll674.xml
[15:23] {GeoArb} i wanna know what weller was doing
[15:24] {GeoArb} the only not voted
[15:24] {dino} don't know, and am getting to point, don't care
[15:24] {GeoArb} hehe
[15:24] {peterg} remember original dont know dont care line from emporers new groove
[15:25] {dino} no
[15:25] {peterg} ok
[15:25] {dino} are you going to tell us?
[15:25] {peterg} when you need a kids cartoon movie, you could consider it
[15:25] {GeoArb} oh hh man
[15:25] {peterg} already did; it was the tone of total self-absorption and arrogance that carried it off
[15:26] {peterg} funny and memorable in film
[15:26] {peterg} voiced by i dont know who
[15:28] {hawkfan4} 500 dow points ago today a money manager was on CNBC saying investers should "stay the course"
[15:28] {Threei} good job
[15:28] {hawkfan4} "go down with the ship"
[15:28] {Threei} sentence "stay the course" becomes clear signal "run for your life", doesn't it
[15:29] {Threei} -736 DJI
[15:29] {Threei} biggest ever
[15:29] {Threei} (Ithink)
[15:29] {dino} cme -61
[15:29] {hawkfan4} -1K +? anyone? dino?
[15:30] {Threei} so... anyone to take a bet we close green? {GGGGG}
[15:31] {hawkfan4} i'll bet you what's left of Cramer's action alerts portfolio that we don't :)
[15:31] {dino} no hawk, but tomorrow i plan to be on it
[15:31] {Threei} hey, you don't risk much, do you
[15:31] {dino} 320 area\
[15:32] {Threei} yup, TV confirms, biggest drop in points ever
[15:32] {Threei} not in %
[15:33] {Threei} hmmm
[15:34] {Threei} I hope some have strong skulls:"
[15:34] {Threei} PRESIDENT BUSH: WE WILL ADDRESS THE ECONOMIC CRISIS HEAD ON
[15:34] {Threei} ah come on
[15:34] {Threei} that was a good joke
[15:34] {Threei} or not
[15:35] {hawkfan4} {g}
[15:37] {magoo} i cant fill any orders no matter what price Anyone else?
[15:38] {Threei} hmm?
[15:38] {magoo} never mind reboot
[15:40] {Threei} Bush on TV
[15:41] {patience} vad, is bush chatting over tea with ukraine president?
[15:42] {Threei} they faded him out before he started talking about Ukraine
[15:43] {Threei} sizerable bounce DJI
[15:43] {Threei} not so much NASDAQ
[15:47] {dino} hmmm, run on investment banks coming again?
[15:49] {dino} talking about extending short sale ban
[15:49] {dino} like that helpped at all
[15:50] {dino} ban went into effect around 11483 dji, now 10400 dji. great idea
[15:50] {Threei} amazing
[15:51] {Threei} well... Einstein was right
[15:51] {dino} surrounded (or rather led) by idiots
[15:51] {Threei} there are just two infinitive things: Universe and stupidity... and I am not sure about Universe
[15:51] {dino} lol
[15:52] {dino} time for some churchill: "when going through hell, keep going"
[15:56] {Threei} Ok guys... let's havce a nice relaxing evening
[15:57] {Threei} am happy with how I handled this day
[15:57] {Threei} tomorrow will be just as interesting
[15:57] {peterg} yep tksll
[15:57] {peterg} all
[15:57] {Threei} see you tomorrow
[15:57] {hawkfan4} cya
[15:57] {dptl} have a good evening all

Sep 26 2008

Session Time: Fri Sep 26 00:00:00 2008

[08:19] {magoo} morning
[08:19] {Threei} good morning
[08:20] {magoo} hi boss
[08:20] {Threei} you know the world ends today or Monday, right?
[08:20] {magoo} so partty like its 1999?
[08:21] {magoo} u see RIMM?
[08:21] {Threei} yeah, just don't want you to miss out on all the fun you can have until sky falls
[08:21] {Threei} yup
[08:22] {magoo} this mkt is unbelievable
[08:23] {magoo} holy crap...just saw AAPL
[08:27] {Threei} some of firesale prices are unbelieavable
[08:27] {Threei} look at DELL
[08:27] {Threei} NVDA
[08:30] {Threei} Q2 FINAL GDP PRICE INDEX: 1.1% V 1.2%E
[08:30] {Threei} CORE PCE Q/Q: 2.2% V 2.1%E
[08:30] {Threei} *Q2 FINAL GDP ANNUALIZED: 2.8% V 3.3%E; PERSONAL CONSUMPTION: 1.2% V 1.7%E
[08:32] {Threei} FRE
[08:32] {Threei} RETAINED MORTGAGE PORTFOLIO FELL TO $760.9B IN AUG FROM $798.2B IN JULY
[08:32] {Threei} WHITE HOUSE REITERATES THAT THE FINANCIAL SYSTEM IS UNDER "REAL STRESS," REQUIRES FINAL RESCUE LEGISLATION
[08:36] {cosmo} TIBX: ... to big to fail .... i think
[08:37] {Threei} lol
[08:37] {cosmo} :)
[08:38] {Threei} I really need Raven to come in and tell me whether the sky is falling
[08:40] {cosmo} hmmm...me too
[08:42] {Raven} Looks sunny here
[08:42] {Raven} 56.7F
[08:42] {Raven} nice sky
[08:42] {magoo} miserable rain here in north east
[08:42] {Threei} and that's how we know you do not live on Wall Street :)
[08:42] {Raven} correct
[08:43] {cosmo} so.. is that good?
[08:43] {Raven} depends on what the meaning of "good" is
[08:44] {cosmo} checking...
[08:44] {hawkfan4} morning. i'm wearing a helmet today to protect myself from the falling sky
[08:44] {Threei} that sounds like a very good idea for today hawk
[08:46] {cosmo} ...always wear your helmet...
[08:46] {Threei} if Deal or No deal headlines continue today, at some point market is going to become insensitive to it and just wait for the resolution
[08:47] {hawkfan4} we are all children of the resolution
[08:48] {Threei} rofl
[08:48] {Threei} where is peter
[08:48] {Threei} he is going to love this one
[09:00] {Onix} Good morning everyone
[09:00] {Threei} onix :)
[09:01] {Threei} PRESIDENT BUSH TO MAKE STATEMENT ON BAILOUT PLAN AT 9:35AM EST
[09:01] {magoo} onix:)
[09:02] {GeoArb} gm
[09:02] {Threei} Geo :)
[09:04] {dino} gm all
[09:05] {Threei} dino :)
[09:05] {Onix} dino :)
[09:07] {dino} wamu no more
[09:08] {Threei} yeah, another one bites the dust
[09:08] {GeoArb} good to be jamie dimon
[09:08] {dino} going to own everything i guess
[09:10] {dptl} good morning all
[09:10] {Threei} dp :)
[09:12] {Onix} dp :)
[09:19] {Threei} be back in 5
[09:19] {fernp} Good morning all
[09:21] {Onix} fern :)
[09:23] {Threei} fern :)
[09:25] {Threei} with Bush speaking in 5 after market opening, what is poor peasant to do but wait
[09:25] {esemde} morning
[09:25] {Threei} ese :)
[09:26] {Threei} let's be careful, we are hinged on WH version of Deal or No deal
[09:26] {GeoArb} wh?
[09:26] {Threei} deal goes through, buy everything in sight
[09:26] {Threei} well almost
[09:26] {Threei} whote house
[09:26] {Threei} white
[09:26] {Threei} no deal, buy QID
[09:27] {dino} strange time to talk
[09:27] {hawkfan4} no kidding, 5 minutes after open
[09:27] {GeoArb} there ought to be a law
[09:28] {GeoArb} only during market lunchtime
[09:29] {dino} gl all
[09:30] {dino} john mccain has got the republicans together to vote it, guess
[09:31] {Threei} RIMM nose dive
[09:32] {dino} wb
[09:32] {esemde} TIBX
[09:33] {dino} idiots, lets downgrade rimm after it falls 22 pts
[09:33] {hawkfan4} value added
[09:34] {dino} yeah its only -50% from high, way to go
[09:35] {dino} tough when there are no shorts to cover
[09:35] {esemde} was rimm on the no short list
[09:35] {Threei} no
[09:36] {magoo} most techs avail short
[09:36] {esemde} yup....dino...the market regulators are gonna find out one day with some company how deep a stock can fall without covering shorts....
[09:37] {GeoArb} gold at highs
[09:37] {Threei} well, where is President
[09:37] {hawkfan4} my plan for the government would be to short the futures, then come out and say "no deal"
[09:38] {GeoArb} feels good to say that eh vad?
[09:38] {GeoArb} :)
[09:38] {Threei} lol
[09:38] {dino} agree es
[09:38] {peterg} morning all
[09:38] {Threei} peter :)
[09:38] {peterg} what am I going to love?
[09:38] {peterg} beside all of you
[09:38] {GeoArb} wierd
[09:38] {peterg} aaaaghghg
[09:38] {peterg} i give up and accept you anyway
[09:38] {Threei} [08:46] {Threei} if Deal or No deal headlines continue today, at some point market is going to become insensitive to it and just wait for the resolution
[09:38] {Threei} [08:47] {hawkfan4} we are all children of the resolution
[09:39] {GeoArb} thanks
[09:39] {Threei} here is Bush
[09:40] {esemde} ...children of the resolution eh!!!.....Vad resolution?
[09:41] {Threei} that's it?
[09:41] {dino} all that waiting for that? sheesh
[09:41] {hawkfan4} well that sure clears things up
[09:41] {GeoArb} thats @#@# it?
[09:41] {GeoArb} great motivation
[09:41] {magoo} i feel much better
[09:42] {GeoArb} i feel inspiration taking me over
[09:42] {GeoArb} didnt really move the market
[09:43] {GeoArb} RIMM tanking
[09:43] {magoo} wheres support RIMM vad?
[09:43] {magoo} 70?
[09:44] {Threei} can't tell
[09:44] {Threei} kind of uncharted territory
[09:45] {Threei} not here
[09:45] {Threei} most likely one more leg down
[09:46] {Threei} here it comes
[09:47] {dino} l wbPs .20
[09:47] {GeoArb} gld spiked
[09:49] {Threei} Long Setup: FRE .91, if holding above .80, stop .79
[09:50] {GeoArb} washed all my sins from yesterday in GLD
[09:51] {Threei} Long Setup: PAAS 25.11 if stays above 25
[09:52] {Threei} half lot probably
[09:52] {Threei} this tock has mean streak in it
[09:53] {Threei} invalidated as breakout
[09:55] {Threei} EPT FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 70.3 V 70.8E
[09:55] {Threei} - 1 yr median inflation expectations at 4.3% v 4.8% in Aug
[09:55] {Threei} - 5 yr median inflation expectations at 3.0% v 3.2% in Aug
[09:56] {Threei} where do they measure confidence, I want to know
[09:56] {GeoArb} michigan?
[09:56] {esemde} long VRTX .87 pullback 1/2
[09:57] {esemde} out VRTX .15
[09:58] {esemde} cool....didn't think i'd get that
[09:58] {Threei} good entry
[09:58] {Threei} well desrved profit
[09:58] {esemde} + .27
[09:58] {esemde} It's the dino in me coming out!!!
[10:00] {dino} 3gj
[10:01] {dino} the markets are saying screw washington, we rally w/o them
[10:01] {magoo} dino would say "nobody deserves nuttin"
[10:01] {Threei} FED'S BULLARD: SEES SUBSTANTIAL DOWNSIDE RISKS DUE TO MARKETS, SEES EVIDENCE OF COST PASS THROUGH
[10:01] {esemde} what the heck is that....cost pass through?
[10:04] {GeoArb} HMY vad?
[10:05] {GeoArb} little latte
[10:05] {GeoArb} heheh late
[10:05] {esemde} i'll take a latte...
[10:05] {esemde} what is cost pass through? anyone have an answer for that
[10:06] {esemde} VRTX off to the races
[10:06] {Threei} FRE over 1:1
[10:06] {cosmo} plumbing terminology ese?
[10:07] {Threei} out 3K FRE 2.05, +.14
[10:07] {Threei} 2K left
[10:07] {magoo} dam.,.missed it..thats where we have discussed vad i need a second notice
[10:07] {Threei} offering 2.15, stop 1.99
06[10:07] * magoo slaps Threei around a bit with a large trout
[10:07] {Threei} huh?
[10:07] {magoo} [10:07] {magoo} dam.,.missed it..thats where we have discussed vad i need a second notice
[10:07] {Threei} it even had Geo's favorite flashing light
[10:08] {magoo} i was following others
[10:09] {GeoArb} thatnks vad
[10:09] {Threei} you got it geo?
[10:09] {GeoArb} will you be happy if i say yes?
[10:09] {Threei} hmmm... my natural inclination is to say I don't care... but that's just because I am generally mean
[10:09] {GeoArb} heheh
[10:09] {Threei} :)
[10:10] {hawkfan4} lol
[10:10] {GeoArb} i had it on my 2nd LII then got distracted
[10:10] {GeoArb} what i need is a buy stop
[10:10] {dino} been a distraction week here
[10:10] {Threei} what's the problem... you can have it
[10:10] {dino} should lock the door
[10:10] {GeoArb} how in laser?
[10:11] {Threei} OMS module
[10:11] {GeoArb} got it
[10:11] {GeoArb} you use that
[10:11] {GeoArb} ?
[10:11] {Threei} no
[10:11] {GeoArb} heh
[10:12] {esemde} cra....missed AMGN at .92
[10:12] {GeoArb} i am still aglow about GLD so life is all rosy
[10:12] {Threei} also, there is a module Stock Alerts
[10:12] {Threei} where you can set some kind of alert when your stock hits certain price
[10:13] {GeoArb} looking into it
[10:15] {magoo} yeah vcad.....but does his executions make the gun "click"sound like us?
[10:16] {GeoArb} i have that for a few month now
[10:16] {GeoArb} and its a shutter click
[10:17] {magoo} no its not..its a gun click..u got the wrong one then {he he}
[10:17] {Threei} BAILOUT PACKAGE DRAFT HAS NOW ESTABLISHED A FINANCIAL STABILITY BOARD - CNBC
[10:17] {GeoArb} heheh
[10:17] {dino} sometimes it sounds like a drive by shooting at magoo's office
[10:17] {GeoArb} whats up wit osk?
[10:17] {magoo} roflol
[10:18] {hawkfan4} 26-Sep-08 10:10 ET In Play Oshkosh Truck announces improved EPS and debt reduction expectations for Q4 (9.47 -0.02) : Co announces that it expects to report EPS for its Q4 at or above the higher end of its previously announced EPS estimate range of $0.50-0.65 (vs $0.59 First Call consensus)
[10:18] {GeoArb} nice jump
[10:18] {GeoArb} sudden but nice
[10:19] {Threei} just played with Stock Alert Module
[10:19] {Threei} it works
[10:19] {GeoArb} so whats the gtilink mod vad?
[10:19] {Threei} no idea
[10:20] {GeoArb} how does the stock alert work.... right or left click not working for me
[10:20] {GeoArb} mas OSK
[10:20] {Threei} while window is highlighted, click button Properties
[10:21] {Threei} row under main menu, 4th from the right
[10:21] {GeoArb} got it
[10:21] {GeoArb} TY
[10:23] {GeoArb} tch tch
[10:23] {GeoArb} cant short osk
[10:24] {GeoArb} anyone else?
[10:25] {Threei} RIMM
[10:25] {Threei} .50 break long
[10:26] {Threei} too deep dive
[10:26] {Threei} invalidated as break
[10:27] {magoo} was that 74.50?
[10:27] {Threei} (CA) CANADIAN MINT REPORTEDLY NOT PLANNING ON SUSPENSION OF GOLD BULLION SALES IN LIGHT OF RECENT INCREASED DEMAND
[10:27] {Threei} {USD/CAD GLD}
[10:27] {dino} rimm sm l .34
[10:27] {Threei} hmmm
[10:27] {magoo} 10:25] {Threei} .50 break long
[10:27] {magoo} [10:26] {Threei} too deep dive
[10:33] {Threei} FRE
[10:33] {Threei} TO SELL $1B OF 3-MONTH AND $1B OF 6-MONTH BILLS
[10:34] {dino} seems liquidity is easing, fre, jpm, etc
[10:35] {Threei} US AND RUSSIA HAVE REACHED AN AGREEMENT ON A NEW UN RESOLUTION ON IRAN - UK ENVOY
[10:38] {dino} rimm stopped -.50
[10:45] {Threei} nothing is moving really
[10:46] {cosmo} IDEV ?
[10:46] {cosmo} 3.80 hod
[10:46] {Threei} yeah... FDA approval earlier
[10:54] {GeoArb} any comment on sjm vad?
[10:54] {Threei} .50 would be nice long trigger if not those sudden drops
[10:55] {Threei} 10:40 and 10:53
[10:55] {Threei} capable of nasty shakeouts
[10:55] {GeoArb} yeah a bit nasty
[10:55] {dino} dji wants green
[10:56] {dino} there
[10:56] {Threei} Sen reid on TV
[10:56] {Threei} "we are going to get it done"
[10:56] {Threei} that was the spike
[10:57] {Threei} US SENATOR REID: RESCUE BILL WILL BE FINISHED AND WILL REMAIN IN SESSION AS LONG AS NECESSARY
[10:57] {Threei} {XLF}
[10:57] {Chaeron} Good morning everybody...
[10:57] {Threei} chaeron :)
[10:58] {GeoArb} ahh chaeron you missed a killer fre play
[10:58] {Chaeron} w00h00!... I mean WaMu!... I mean... doh!
[10:58] {GeoArb} (you and everybody)
[10:58] {Chaeron} dang... ok, what's next Geo?
[10:58] {Threei} I don't know how you manage to miss it... color alert, slow stock, alerted well in advance
[10:58] {dino} nwpx
[10:59] {GeoArb} howabout flying to la and a slap on the head?
[10:59] {Chaeron} can just drive there in 45 min
06[10:59] * Chaeron slaps GeoArb around a bit with a large trout
[10:59] {GeoArb} hehehe
[10:59] {esemde} hmmm just reading about RIMM....I knew it was a Canadian company to start with but I didn't realise they were still based in Waterloo Ontario.....thought they had moved to the US.
[11:00] {dino} us exchange
[11:00] {esemde} sure is taking a bru...all beating today
[11:01] {dino} yeah, and to think only growing at a 77% rate
[11:01] {GeoArb} lets call it the goog phone effect
[11:01] {esemde} ya net income jumped up 72% 2nd qtr
[11:02] {cosmo} IDEV may test 3.80...soon. needs to hold 3.50
[11:02] {dino} this market is just screwed up
[11:04] {hawkfan4} wondering if shorts will cover not wanting to be short going into the weekend with the deal announcement hanging out there
[11:04] {Threei} didn't happen yesterday on the close
[11:05] {Threei} HOUSE REPUBLICAN LEADER BOEHNER HAS REPORTEDLY NAMED ROY BLUNT AS MAIN NEGOTIATOR IN RESCUE PACKAGE TALKS
[11:05] {hawkfan4} true
[11:08] {dino} yippie
[11:08] {Threei} REPORTEDLY HOUSE REPUBLICANS HAVE AGREED TO NEGOTIATE OVER THE RESCUE PLAN
[11:08] {Threei} here we go again
[11:08] {Threei} reportedly deal is close
[11:08] {Threei} reportedly no deal is close
[11:08] {dino} bounce 300 up
[11:09] {dino} down 300
[11:09] {dino} rep[ortedly they don't know
[11:10] {dino} pins and needles
[11:10] {dino} needles and pins
[11:10] {dino} the happy man
[11:10] {dino} is the man that grins
[11:10] {Chaeron} wish I was a Congressman... "ok guys, lets go long the market and release that we're really, really close to a deal... then we'll sell and go short and say someone screwed up the deal and have to start over..."
[11:11] {Threei} you are such cynic
06[11:11] * dino slaps Chaeron around a bit with a large trout
[11:11] {Chaeron} been called worse :)
[11:11] {magoo} just remember this.............the ealry bird may indeed get the worm.....BUT, the second mouse always gets the cheese
[11:11] {Chaeron} now coming from dino, that hurt :)
[11:11] {Threei} and that worm is often planted for the bird by hawk
[11:12] {Threei} SEC'S COX: ANNOUNCES END OF CONSOLIDATED SUPERVISED ENTITIES (CSE) PROGRAM FOR BANKS
[11:12] {Threei} hmm?
[11:12] {dino} you always have to bring hawk in
[11:12] {Threei} I need translation
[11:12] {Threei} lol
[11:12] {dino} read: it did not work, ditch it
[11:13] {Threei} I don't even know what that was before they ended it
[11:13] {Threei} so I guess no need to learn now, right?
[11:13] {dino} relative employment agency
[11:19] {hawkfan4} house republicans coming back to the table at 11:30 et cnbc
[11:19] {Threei} lol
[11:19] {Threei} so what
[11:19] {Threei} they'll just disagree again
[11:19] {Threei} then agree
[11:20] {Threei} then disagree
[11:20] {hawkfan4} washington dc's flying circus
[11:20] {Threei} unfrikinbelieavble
[11:20] {Threei} and I hope I spelled it ereight, before peter has heart attack
[11:20] {GeoArb} wEIrd
[11:21] {Threei} he is somewhat wierd this way, yeah :)
[11:21] {Threei} oops
[11:21] {Threei} sorry... I did spell it right this time
[11:21] {Threei} ugh... trying againb
[11:21] {Threei} did NOT
[11:23] {Chaeron} "I before E except after C, unless it's weird..."
[11:24] {Threei} great... now I don't know receive or recieve
[11:26] {Threei} in case you really wondered:
[11:26] {Threei} MCCAIN WILL PARTICIPATE IN TONIGHTS DEBATE IN MISSISSIPPI - AIDE
[11:28] {GeoArb} that wasnt too smooth
[11:28] {dino} must mean deal is done
[11:30] {Threei} or hope to get it done is lost
[11:32] {dino} hmmm, didn't think of that.
[11:35] {Chaeron} and you call me a cynic
[11:36] {esemde} otta here have a great weekend everyone....
[11:36] {Chaeron} bye ese!
[11:36] {esemde} CCCCHHH baby!!!!see ya
[11:36] {Threei} take care ese
[11:36] {Chaeron} lol
[11:36] {esemde} see ya vad
[11:47] {Threei} WHITE HOUSE: NO REASON TO BELIEVE A BAILOUT DEAL CAN NOT BE FINISHED BY MONDAY
[11:48] {magoo} mccain back on for debate tonite..makes me think deal is done
[11:48] {Chaeron} [08:28] {Threei} or hope to get it done is lost
[11:49] {Threei} now tell me,
[11:49] {Threei} is it any wonder magoo is missing my calls?
[11:49] {dino} lol
[11:49] {magoo} u know..dino sent me on lunch run
[11:49] {magoo} just got back
[11:49] {Chaeron} my point exaclty
[11:50] {magoo} he buy if i fly
[11:51] {dino} pretty good hero
[11:51] {Threei} US HOUSE REPORTEDLY APPROVES TAX CREDITS FOR WIND AND SOLAR COMPANIES
[11:52] {dino} yesterday wasn;t that
[11:54] {peterg} allright im back and see you have been talking about me and my efforts to improve your characdters via spelling.
[11:54] {peterg} i have an agreement in principle with geo to cease and desist....maybe
[11:55] {Threei} just so you know what you are up against, peter
[11:55] {Threei} raven tried for many years
[11:55] {Chaeron} now, he's silent s a ninja
[11:56] {Threei} tghe only result is, his spelling became a bit, ummm
[11:56] {GeoArb} i could use dragon dictate but my accent will make it worse :)
[11:56] {peterg} well, the spelling impulse dies a slow and painful death before freedom is achieved
[11:58] {magoo} wierd peter
[11:59] {GeoArb} i have decided not to use 1 or e
[11:59] {GeoArb} word
[11:59] {Threei} amazing how narrowly locked market is
[12:00] {peterg} wrd
[12:00] {peterg} the market is wrd--back in hr
[12:12] {Raven} hopeless
[12:13] {Threei} true
[12:14] {Chaeron} hi Raven... good to see you aain
[12:14] {Chaeron} again
[12:14] {Raven} Chaeron :)
[12:14] {Threei} REP HOYER: HOPEFUL THAT THERE WILL BE AN AGREEMENT "BY THE END OF THE WEEKEND" - CNBC INTERVIEW
[12:14] {Threei} - Clarifies that he hopes to reach agreement by "Sunday at 6pm" EST
[12:15] {Threei} don't you hate it... they reach agreement over weekend, we face huge gap
[12:15] {Chaeron} ok... everyone pack up... we're done here for the day
[12:15] {Threei} rendering things untradeable
[12:15] {Threei} at least at the open
[12:16] {Raven} just hold over the weekend and get the benefit of the gap
[12:16] {Raven} only decision is long or short
[12:17] {Threei} there you go :)
[12:17] {Raven} refer any questions to Chaeron ...
[12:17] {Threei} you bet on agreement, and they don't reach it
[12:17] {Threei} Dow opens 3K lower
[12:18] {Chaeron} thanks Raven }{
[12:18] {Raven} np
[12:18] {Threei} chart wise, QID is buy on 53 break
[12:18] {Threei} how reliable it is...
[12:19] {GeoArb} nice firm call vad hehehe
[12:19] {Threei} who knows
[12:20] {Raven} cosmo knows
[12:20] {Threei} - A second economic stimulus bill would not help the economy. The best way to stimulate the economy is to pass the rescue passage.
[12:23] {Raven} well, this is boring ... think I'll take a shower ... sweaty hike today ...
[12:30] {Threei} A $56B ECONOMIC STIMULUS PACKAGE FAILS TO PASS THE US SENATE
[12:30] {Threei} good
[12:31] {Chaeron} good it didn't pass or that Raven's taking a shower?
[12:31] {Threei} lol
[12:42] {Threei} SENATOR GREGG: CONGRESS MUST STAY IN SESSION UNTIL A DEAL IS DONE ON THE FINANCIAL RESCUE (GREGG IS THE LEAD NEGOTIATOR FOR SENATE REPUBLICANS ON THE BAILOUT BILL)
[12:42] {Threei} - Senator minority leader McConnell: both presidential candidates agree that something must be done to help restore confidence in the financial market{XLF}
[12:42] {Threei} something?
[12:42] {Threei} like, rain dance?
[12:43] {Threei} I mean, it took them how long to agree that something must be done?
[12:44] {Threei} do you have this feeling, as if you were being led by hand through the forest, blindfolded... and suddenly found out your leader was blind?
[12:45] {hawkfan4} definitely, so sad
[12:46] {GeoArb} i heard a great quote somewhere
[12:46] {GeoArb} the efficacy of a rain dance is all based on timing it right
[12:46] {Threei} lol
[12:48] {GeoArb} rimm orderly selling
[12:53] {hawkfan4} RIMM .86, stop .49 small
[12:53] {hawkfan4} .76
[12:55] {hawkfan4} 1/2 out
[12:56] {Threei} good one
[12:56] {hawkfan4} stop .99
[12:56] {hawkfan4} thx :)
[12:57] {dino} gj
[12:58] {hawkfan4} thx, out rest
[12:58] {hawkfan4} just a tad whippy out there
[12:58] {Threei} HOUSE MINORITY LEADER BOEHNER: CONGRESSIONAL NEGOTIATORS MUST CONSIDER REPUBLICAN PROPOSAL SERIOUSLY
[12:59] {GeoArb} what does that men?
[12:59] {GeoArb} mean
[12:59] {GeoArb} are dems negotiating among themselves again?
[13:02] {Threei} and we are happy why exactly?
[13:02] {hawkfan4} Boehner on tv talking about getting the deal done
[13:03] {Threei} then why are unhappy next second?
[13:04] {Threei} sorry... I know I am too curious
[13:04] {GeoArb} nice climb tdc
[13:05] {hawkfan4} sold off when he said that the republicans would not vote for a plan that uses tax money to bail out wall street, or something to that effect. Protecting the american taxpayers stuff
[13:06] {Threei} amazing... market tries to decode every word
[13:11] {Threei} IBKR
[13:11] {hawkfan4} 13:10 IBKR Interactive Brokers trading halted - news pending (20.42 )
[13:11] {Threei} HALTED: NEWS PENDING
[13:12] {Threei} hmmm
[13:12] {Threei} buyout? or problems?
[13:12] {GeoArb} noooooooooooooo
[13:12] {GeoArb} my money sniff
[13:12] {hawkfan4} uh oh, i pray for buyout
[13:12] {Threei} really hope it's a buyout
[13:12] {GeoArb} nah i am good
[13:12] {Threei} hat would boost markets greatly
[13:12] {GeoArb} wayyyy beneath sipc
[13:12] {Threei} any kind of problems surfaced there will be real killer
[13:14] {Threei} if it's a good news and it opens up, AMTD and ETFC are likely sympathy plays
[13:23] {cosmo} ETFC hod = 3.47
[13:23] {cosmo} just in case...
[13:24] {hawkfan4} 13:24 IBKR Interactive Brokers announces preliminary financial estimates for the quarter, sees Q3 EPS of $0.55-0.65 vs $0.47 First Call consensus; approves share repurchase program of up to 8 mln shares (14.80 -0.47) -Update-
[13:25] {Threei} how does this warrant halt?
[13:25] {Threei} quite trivial
[13:25] {GeoArb} your source hawk?
[13:25] {hawkfan4} briefing.com
[13:25] {GeoArb} TY
[13:25] {GeoArb} how much is briefing nowadays?
[13:25] {cosmo} its the season....
[13:25] {Chaeron} geeesh...
[13:26] {GeoArb} thats the once chaeron
[13:26] {GeoArb} one
[13:27] {hawkfan4} 300 / year geo
[13:27] {GeoArb} not bad at all
[13:27] {GeoArb} any reason for preference over TTN?
[13:27] {hawkfan4} nah, didn't know about ttn when i got it
[13:27] {GeoArb} oh ok
[13:28] {hawkfan4} TTN ususally gets things out faster than briefing though. Vad's ususally got stuff before i do
[13:29] {GeoArb} i tried briefing trader once and compared to briefing platinum
[13:29] {GeoArb} trader is a few mins faster... i thought that wasnt right
[13:29] {cosmo} platinum plans arnt what they used to be
[13:30] {GeoArb} heh
[13:30] {GeoArb} still halted
[13:32] {Threei} my guess is, there was so little reason to halt it in a forst place, they just forgot to unhalt it now
[13:32] {GeoArb} lol
[13:36] {GeoArb} what?????? chaeron did you know this?
[13:36] {GeoArb} http://www.msnbc.msn.com/id/26893010/
[13:39] {Chaeron} no... dang....
[13:39] {GeoArb} thats just *&^^&*& up
[13:41] {GeoArb} anyone knows how to open a genesis account thru dubai?
[13:42] {Threei} huh?
[13:42] {GeoArb} no taxes
[13:42] {Threei} lol
[13:42] {GeoArb} so i called my local congressman's house about a tree root that has water standing on my road....
[13:42] {GeoArb} they calculated and told me I am in line for 2010
[13:43] {GeoArb} well his office
[13:43] {GeoArb} i pay 8k a year in property taxes.......
[13:43] {GeoArb} sheesh
[13:44] {Chaeron} cmon down to OC Geo, we'll have a blast
[13:44] {GeoArb} less taxes there?
[13:44] {GeoArb} :)
[13:44] {Chaeron} than LA? yup
[13:44] {GeoArb} cant move yet... wife works in westlake village
[13:44] {Chaeron} and cheaper gas and more
[13:45] {GeoArb} the commute will kill her
[13:45] {GeoArb} i plan too.....i hate the valley
[13:45] {GeoArb} p.s. ill move to dcc and stop polluting the main room
[13:47] {GeoArb} chaeron dcced
[13:50] {GeoArb} ibkr back
[13:50] {GeoArb} 3.5 jump
[13:50] {Threei} watch if AMTD shows following
[13:57] {Threei} nah
[13:57] {Threei} didn't even try to return to day high
[13:58] {Threei} who said where what again?
[14:00] {magoo} are we in anything?
[14:00] {GeoArb} i am in wcrx
[14:00] {Threei} yes
[14:00] {GeoArb} .8 break
[14:00] {Threei} in deep coma
[14:02] {GeoArb} wrcx stalled :(
[14:11] {Threei} some life should appear close to eod I'd think
[14:12] {magoo} vad..THE ?
[14:12] {GeoArb} sheesh there is no THE stock
[14:12] {Threei} really no idea at this point
[14:12] {Onix} "they" stopped short selling the other day, did "they" forbid all trading now?
[14:13] {Threei} lol
[14:13] {Threei} sure feels like that
[14:13] {magoo} gun to head vad
[14:13] {Threei} ok... up
[14:13] {Threei} SEC STATE RICE: A NEW UN RESOLUTION ON IRAN WILL SEND SIGNAL THAT THE WESTERN POWERS ARE UNITED
[14:17] {Threei} WB active
[14:20] {Chaeron} .35 long?
[14:21] {Threei} nah
[14:21] {Threei} I'd prefer pullback
[14:22] {Threei} deeper selloff and entry for bounce
[14:34] {GeoArb} not again
[14:35] {GeoArb} YHOO Ticking higher on takeover chatter circulating (related TWX )
[14:36] {GeoArb} YHOO Ticking higher on takeover chatter circulating (related TWX )
[14:36] {GeoArb} YHOO Ticking higher on takeover chatter circulating again
[14:36] {GeoArb} - Venturebeat.com reports MSFT may seek to buy a combined Yahoo and AOL if Yahoo absorbs AOL (related TWX )
[14:36] {GeoArb} sorry
[14:52] {Threei} here comes deeper selling on WB
[14:58] {Threei} somweone should tell Moddy that WM is no more
[14:58] {Threei} they ay stop rating them
[15:03] {Threei} maybe little but still consolation: just imagine how active Monady is going to be
[15:03] {GeoArb} vad... tell us a joke pls
[15:03] {Threei} huh?
[15:03] {GeoArb} then i know i am still connected in the room
[15:03] {GeoArb} :)
[15:03] {Threei} I don't even know what that word means
[15:04] {Threei} WB
[15:04] {GeoArb} wrd
[15:04] {Threei} new low is likely
[15:04] {Threei} and oanic selloff
[15:04] {Threei} panic too
[15:06] {Threei} here we go
[15:07] {GeoArb} so ummm how does this happen without short selling
[15:07] {Threei} one more leg down
[15:07] {Threei} desirably under 8
[15:09] {magoo} u in?
[15:10] {Threei} this is not a play that can be called in time
[15:10] {Threei} trades too fast
[15:11] {Threei} you get a feel for a bounce or stay away
[15:13] {Threei} all I can do on this kind is to give a general idea of a play
[15:14] {magoo} yup
[15:15] {Threei} the way WB trades makes you think it's being perceived as next WM
[15:15] {Threei} peter... did I spell that one right?
[15:16] {Threei} hey, look who popped up:
[15:16] {Threei} FORMER FED CHAIR GREENSPAN: URGING IMMEDIATE ACTION ON FINANCIAL TURMOIL, ASSET PURCHASES DO IN ACTUALITY WORK, GOVT ONLY SOLUTION TO PROBLEM
[15:16] {Threei} {XLF}
[15:16] {Onix} ty for WB Vad, i went in & out quick-like for 34c
[15:16] {Threei} cool beans Onix
[15:16] {GeoArb} long or short onix?
[15:16] {Threei} can I have a hummer for whack-a-mole?
[15:16] {Onix} long
[15:17] {Threei} ever Greenspan appearance makes me feel like whacking his head as soon as it appears from the hole
[15:17] {Threei} what short geo...
[15:17] {Threei} it's ON THE LIST
[15:17] {GeoArb} ooooh
[15:17] {GeoArb} sorry
[15:17] {GeoArb} the list to go belly up?
[15:17] {Threei} pretty much
[15:18] {GeoArb} maaan i want so good miso ramen right now
[15:18] {GeoArb} sudden urge
[15:18] {Threei} isn't the way they trade over last week the best proof that shorts do not cause downward pressure
[15:18] {GeoArb} oil basing on high
[15:19] {Threei} can't believe they stoop that low to show public that they do something
[15:19] {Threei} because it's impossible for me to believe that they don't understand market mechanics to such degree
[15:20] {GeoArb} have you met em vaD?
[15:20] {GeoArb} internet is a series of tubes
[15:20] {Threei} what does internet have to do with it?
[15:20] {Threei} decision is made by SEC
[15:21] {GeoArb} i meant politicians and the kinda comments they make
[15:21] {Threei} apparently under prerssure from govt
[15:21] {GeoArb} heard the latest from democraps...ooops
[15:21] {GeoArb} they want a transaction tax per trade
[15:22] {Threei} yeah
[15:22] {Threei} another bunch of bright bulbs
[15:22] {magoo} ptretty good spike here
[15:25] {magoo} petty good spike here i say
[15:25] {dino} what are you trying to say
[15:26] {Threei} I am really interested to find out what magoo thinks of spike here
[15:26] {dino} he thinks its' petty
[15:27] {magoo} ching ching
[15:30] {GeoArb} so ijust got a pic of vads office
[15:30] {GeoArb} :D
[15:30] {GeoArb} http://www.elitetrader.com/vb/showthread.php?s=&threadid=113476&perpage=40&pagenumber=3
[15:30] {GeoArb} at the end
[15:33] {Threei} nah, this one is more current:
[15:33] {Threei} http://realitytrader.com/vad/h.jpg
[15:33] {GeoArb} not the commode one !!!!
[15:33] {GeoArb} yyup
[15:33] {magoo} similar to pic u have of my home vad lol
[15:35] {hawkfan4} that would probably be a good office chair to have monday if they don't pass this bill over the weekend
[15:35] {Threei} no kidding
[15:35] {GeoArb} i am gonna have an extra pair of drawers for monday just in case
[15:35] {Threei} 'and pampers
[15:36] {GeoArb} ummmmm vad what are drawers?
[15:37] {Threei} is it a trick question?
[15:37] {GeoArb} just wondering if we have a lost in translation moment here
[15:38] {Threei} frequent situation with me
[15:41] {Threei} look at FED
[15:41] {hawkfan4} yikes
[15:43] {Threei} no shorts eh?
[15:45] {magoo} oh..um..ptretty good spike here
[15:48] {magoo} vad..u working monday?
[15:48] {Threei} working?
[15:48] {Threei} you are kidding
[15:49] {magoo} in here
[15:49] {Threei} it's pure unadultered fun
[15:49] {magoo} u had fun today?
[15:49] {Threei} hey... I made money
[15:49] {Threei} how is it not fun
[15:49] {magoo} me too
[15:49] {peterg} ditto
[15:49] {magoo} well..i worked hard for mine
[15:49] {Threei} why do you ask about monday?
[15:50] {magoo} rosh hash
[15:50] {Threei} is it some canadian holiday I don't know about?
[15:50] {peterg} roshashana
[15:50] {Threei} oh
[15:50] {Threei} got it
[15:50] {peterg} jewish ny
[15:50] {Threei} yeah
[15:50] {Threei} well... show you how observant I am
[15:50] {Threei} lol
[15:50] {magoo} well..observe thissssssssss
06[15:51] * magoo slaps Threei around a bit with a large trout
[15:51] {cosmo} dont you sell on that day?
[15:51] {Threei} no idea
[15:51] {cosmo} no.... buy...?
[15:51] {magoo} like sell rosh and buy hanuka correct?
[15:51] {cosmo} something...
[15:51] {Threei} WB
[15:51] {Threei} CEO SENDS MEMO TO STAFF
[15:51] {magoo} OH OH
[15:52] {Threei} huh?
[15:52] {Threei} and memo says what?
[15:52] {magoo} lions and tigers and bears..oh my
[15:52] {cosmo} have a nice weekend?
[15:52] {magoo} u 2 bud
[15:52] {Threei} and don't forget to clean up your desks?
[15:54] {peterg} aapl spike \
[15:55] {Threei} CEO REPORTEDLY SENDS A MEMO TO EMPLOYEES, OPTIMISTIC ABOUT US ACTIONS TO ASSIST MARKETS
[15:55] {Threei} - Remarks on Wamu, noting its resolution was 'smooth'
[15:55] {Threei} uh oh
[15:55] {peterg} ?
[15:56] {Threei} well, wamu may have been not the worst turn of events for employees
[15:56] {Threei} but for shareholders, not so much
[15:58] {Threei} mags
[15:58] {magoo} yes
[15:58] {Threei} notice, even uunder gun at my head, I answered your THE ? correctly
[15:59] {magoo} u know..thats why i ask..and i used the info to make some cake
[15:59] {Threei} WB in talks with Citigroup
[15:59] {magoo} so..always answer seriously...i tend to use it into bell
[16:00] {Threei} Ok guys, thank you all
[16:00] {Threei} have a good weekend
[16:00] {Threei} see you all for a very interesting Monday
[16:00] {peterg} thanks, see you mondaday
[16:00] {hawkfan4} cya all
[16:01] {dptl} have a good weekend all
[16:01] {dino} popping
[16:01] {dino} wb