[08:31] {magoo} morning
[08:32] {Threei} good morning
[08:32] {brian3579} morning
[08:32] {Threei} brian :)
[08:33] {Threei} feeling at this point is,
[08:33] {Threei} in order tomake money today you need to guess corectly who is today's LEH: AIG or MER
[08:33] {Threei} or both
[08:35] {Threei} 09/12/08 07:43am
[08:35] {Threei} [AIG] American International Group, Inc Credit Default Swaps up 38bps to 728bps - dealers
[08:35] {Threei} - New all tim high
[08:35] {Threei} that's higher than LEH was at if I remember correct
[08:37] {esemde} good morning...it's friday and i'm back
[08:37] {Threei} hi ese :)
[08:37] {esemde} hey vad
[08:38] {esemde} nvda keeps getting pummeled......
[08:43] {magoo} agrre vad..as a stockholder..how many u got to see crushed before u sau im out aig or mer?
[08:44] {magoo} u think LEH see low 2 area today vad?
[08:45] {Threei} hard to tell, it's friday, and all these takeovers, takeunders and bailouts are happening over weekend
[08:45] {Threei} which shape this one will take, who knows
[08:45] {magoo} also....news CMG ?
[08:46] {Threei} 08:30am [CMG] Comments on Q3 Trends, cuts guidance; Guides comparable restaurant sales in the low single digits; sees Q3 EPS slightly below Q3 y/y
[08:48] {magoo} man..its down 11
[08:49] {Threei} LEH did a swan dive to 3 yesterday after hours
[08:51] {magoo} u got a read AIG here???
[08:51] {Threei} bounces are safer bet for shorting
[08:51] {magoo} wheres resistance??
[08:51] {magoo} .48
[08:52] {Threei} as long as premarket counts, yeah
[08:52] {magoo} what about oil long today ..its beaten down and BIG hurricanes hitting refineries
[08:53] {Threei} those hurricanes is nothing but lame excuse for shot-lived spikes, IMO
[08:53] {Threei} short-lived
[08:53] {peterg} morning
[08:53] {Threei} oil is destined to lose 100
[08:53] {Threei} peter :)
[08:56] {Onix} good morning
[08:57] {Threei} onix :)
[08:58] {peterg} Has the Hadron collider created the black hole yet?
[08:58] {magoo} i saw that..too funny
[08:58] {Threei} they say maybe but it takes a few weeks for it to swallow the planet
[08:59] {magoo} if works can destroy reality
[08:59] {peterg} lookinf forward to it
[08:59] {Threei} they have nothing on Fed
[08:59] {peterg} lol
[08:59] {Threei} those guys can destory reality much more effectively
[09:00] {Threei} and their black holes deeper and blacker
[09:00] {Threei} and holer
[09:00] {Onix} roflol!
[09:01] {Onix} you guys are too nuch for this time in the morning!
[09:01] {Threei} sorry... we will try to restrain ourselves
[09:01] {dino} gm all, end of days again i see. up 200 then down 200. no rest for the weary
[09:01] {Onix} no, please go right ahead
[09:02] {Threei} yes dino
[09:02] {Threei} end of the world becomes a regular line in daily schedule
[09:02] {magoo} laser says not on sh list vad LEH
[09:02] {dino} now, if you like i can leave early again to give you a 150 pt run, what was that about
[09:02] {magoo} just went for it
[09:02] {pita} greetings all
[09:03] {fernp} Good morning all
[09:03] {Threei} 1. morning coffee... 2. newspaper... 3. phone local driver license office for renewal... 4. observe end of the world... 5. Phone same office and cancel renewal if end of the world goes ahead
[09:03] {Threei} pita, fern :)
[09:04] {Threei} yeah... run out of LEH
[09:04] {Threei} AIG and MER are good
[09:04] {magoo} ok
[09:04] {dino} don't you mean black swan. as for the swallowing of the universe, then no worries
[09:05] {magoo} sh mer .05
[09:05] {peterg} when the last ding-dong of doom has clanged and faded in the last red and tideless evening......
[09:05] {GeoArb} gm
[09:05] {peterg} hey
[09:05] {Threei} CNBC'S LIESMAN REPORTS TREASURY SOURCES TELL HIM THAT NO GOVT MONEY WILL BE INVOLVED IN LEHMAN DEAL
[09:05] {Threei} - source says market has had time to prepare for the current scenario{BAC}
[09:05] {Threei} Geo :)
[09:06] {magoo} sh aig .10
[09:06] {Threei} come on AIG
[09:06] {Threei} you have nop business to be trading above 15
[09:07] {Threei} there
[09:07] {Threei} good boy
[09:07] {Threei} MER dive
[09:07] {Threei} partial on MER mags
[09:08] {magoo} out
[09:09] {Threei} look to partial into quick down bar on AIG
[09:09] {magoo} out aig too
[09:09] {Threei} [08:33] {Threei} in order tomake money today you need to guess corectly who is today's LEH: AIG or MER
[09:09] {Threei} [08:33] {Threei} or both
[09:09] {Threei} magoo went with "both" :)
[09:10] {magoo} a multi tasker i may be
[09:10] {Threei} ah admit it, choices make you head spion, so you just take it all
[09:11] {magoo} true dat
[09:11] {Threei} you = your... spion = spin
[09:11] {Threei} sigh
[09:14] {dptl} good morning all
[09:14] {Threei} dp :)
[09:17] {peterg} I wonder if Geo visited at the fun-loving interior dept in DC...
[09:18] {GeoArb} nope.... stuffy FDA
[09:18] {peterg} yah
[09:18] {GeoArb} drill baby drill
[09:20] {Threei} you in AIG geo?
[09:20] {GeoArb} nope... that was a reference to the interior dept parties
[09:20] {Threei} oh
[09:21] {dino} what are you doing w/fda
[09:21] {peterg} geo secretly attended them while leaving a mannequin at FDA
[09:22] {GeoArb} as a univ we traiing their guys in risk management and patient safety
[09:22] {peterg} geo is with cia, but it is a secret
[09:22] {GeoArb} me personally training them in technology enhanced learning and distance technologies
[09:22] {peterg} like telephone and tv
[09:22] {dino} neat
[09:22] {GeoArb} yup :)
[09:22] {GeoArb} they want to add to their training portfolio bigtime
[09:23] {GeoArb} so they signed MOU with us as we are neutral and not industry
[09:24] {cosmo} FWLT pre mkt high = 40.50 fwiw
[09:30] {dino} pdgi blood
[09:32] {cosmo} FWLT tests .50 soon
[09:32] {judijim} good morning all
[09:32] {Threei} jj :)
[09:33] {Threei} Short Setup: WB .49
[09:33] {Threei} stop .65
[09:35] {Threei} invalidated for now
[09:36] {peterg} couldn't get stock
[09:36] {GeoArb} wb?
[09:36] {GeoArb} what broker?
[09:36] {peterg} wb on laser
[09:37] {Threei} shortable on Laser
[09:37] {peterg} told me no ECN or MM available at 8:34
[09:37] {magoo} its avail
[09:37] {peterg} k
[09:39] {dino} sm l kbr .99, stop lod
[09:39] {dino} .97
[09:40] {Threei} AIG looks to be today's death spiral
[09:40] {magoo} want a bounce?
[09:40] {GeoArb} db interesting
[09:41] {Threei} let's try for half lot on bounce and adding half on breakdown mags
[09:41] {Threei} MER bouncing
[09:41] {Threei} hopefully will help AIG bounce into decent resistance
[09:42] {Threei} 14.50 closest so far
[09:42] {Threei} they tend to overshoot a bit
[09:43] {Threei} topping out too far from resistance...
[09:44] {Threei} solars strong
[09:45] {Threei} trying for half lot at .65 AIG
[09:48] {Threei} SENATOR SHELBY: THE FED SHOULD NOT RUSH IN TO RESCUE LEHMAN
[09:49] {Threei} I guess I was too careful
[09:49] {Threei} .50 was it
[09:50] {magoo} sh here .09
[09:51] {GeoArb} aig not shortable for me
[09:51] {magoo} covered .05
[09:51] {magoo} scarin me
[09:54] {Threei} BANK OF AMERICA, JC FLOWERS & CO, THE FINANCIAL INVESTOR, AND CHINA INVESTMENT CO., THE CHINESE SOVEREIGN WEALTH FUND, ARE CONSIDERING A POSSIBLE JOINT BID FOR LEHMAN BROTHERS - FT
[09:54] {dino} sm l ilmn .86
[09:55] {Threei} SEPT PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 73.1 V 64.0E
[09:56] {Threei} what kind of kool-aid they are drinking over there?
[09:56] {Threei} I want what they are smoking
[09:56] {Threei} - 1 yr median inflation expectations at 3.6% v 4.8% in Aug
[09:56] {Threei} - 5 yr median inflation expectations at 2.9% v 3.2% in Aug
[09:57] {dino} jim jones punch
[09:57] {dino} that report has been flying around since 6:30 am, fwiw
[09:57] {Threei} Short Setup: MER 17 break
[10:00] {Threei} .20 invaliading level
[10:00] {Threei} JULY BUSINESS INVENTORIES: 1.1% V 0.5%E
[10:00] {Threei} - prior revised from 0.7% to 0.8%
[10:00] {magoo} in mer .02
[10:01] {fernp} stop Vad?
[10:01] {Threei} over 17.20
[10:01] {fernp} ty
[10:02] {Threei} US FORECLOSURES ROSE TO 289K IN Q2 FROM 279K IN Q1
[10:03] {dino} micc sm l .47
[10:04] {Threei} stopped
[10:04] {GeoArb} 5darn
[10:05] {dino} tktm sm l .07
[10:05] {GeoArb} MER is a rat bastard
[10:05] {fernp} White House says keeping eye on financial industry's "challenges" - Reuters
[10:05] {dino} other eye on saturday golf
[10:06] {Threei} lol
[10:06] {fernp} lol
[10:06] {cosmo} ESLR hod = 6.10 fwiw
[10:07] {dino} trma
[10:07] {cosmo} eslr gonna test
[10:08] {cosmo} ....needs to hold 5.95
[10:11] {Threei} Short Setup: KLAC .29 half lot
[10:11] {Threei} stop above .45
[10:13] {Threei} MER
[10:13] {Threei} HEARING DEFENDED AT CITIGROUP (TIMING UNCERTAIN)
[10:14] {dino} skf v sm s .50
[10:15] {Threei} market strenghtening...
[10:15] {Threei} let's trail KLAC to .41
[10:16] {Threei} out
[10:17] {GeoArb} out
[10:17] {GeoArb} so how happy are you guys... i am back?
[10:17] {Threei} lol
[10:17] {GeoArb} sheesh vad i need a new id
[10:18] {dino} kbr stop to b/e
[10:18] {Chaeron} good morning all
[10:19] {Threei} chaeron :)
[10:20] {dino} gs positive
[10:20] {Threei} AIG, bounce scalp candidate here
[10:20] {Threei} .51 long
[10:20] {Threei} .39 stop
[10:22] {dino} geo, you make my day
[10:22] {Threei} change that top .41 and .29
[10:22] {Chaeron} hey Geo!
[10:23] {GeoArb} hey chaeron.....
[10:23] {GeoArb} :)
[10:24] {GeoArb} thanks dino.... now i just gotta work on making mine
[10:24] {Threei} invalidated too
[10:24] {GeoArb} oil spike?
[10:25] {Threei} yeah
[10:28] {Threei} LEH
[10:28] {Threei} S&P ADJUST RATING TO 'DEVELOPING' FROM NEGATIVE
[10:28] {Threei} hmm?
[10:28] {GeoArb} nice wedge on chart
[10:28] {Onix} that is a totally new one, is'nt it?
[10:29] {dino} out micc .85 +.38
[10:30] {Threei} MER spike
[10:30] {Threei} AIG worth a try
[10:30] {Threei} .04 long
[10:30] {Chaeron} that was too fast.........
[10:32] {Threei} .94 stop
[10:34] {magoo} sh mer .50 here
[10:34] {Threei} stopped
[10:34] {Threei} can't get them right
[10:34] {GeoArb} hmmmm
[10:34] {fernp} crazy friday
[10:34] {GeoArb} my new id is maxpower
[10:35] {peterg} power to the max!
[10:35] {dino} out kbr .13, +.16
[10:36] {dino} out skf .30 +.20, dumb, had 1.80, bone head award
[10:37] {dino} tltm not moving, tighten to .96
[10:38] {GeoArb} whats up with HAL?
[10:39] {dino} oil
[10:39] {dino} oil service co.
[10:39] {peterg} open the pod bay doors, hal
[10:40] {peterg} i'm sorry dave, i cant do that
[10:41] {Threei} trying againm AIG
[10:41] {Threei} MER spiked like crazy antelope
[10:42] {Threei} in .96
[10:42] {Threei} stop .89
[10:42] {dino} aapl v sm l .00
[10:43] {Threei} CITIGROUP COMMENTS ON AIG AGAIN: SAYS MARKET IS OVERLY CONCERNED ABOUT AIG LIQUIDITY; CUTS PRICE TARGET TO $22.50 (TIMING UNCERTAIN)
[10:44] {Threei} whatever
[10:44] {Threei} out 14.03
[10:44] {Threei} all 7 cents of profit
[10:45] {Threei} sure... lol
[10:45] {GeoArb} darn
[10:45] {GeoArb} vad did ya get a phone call?
[10:46] {Threei} I am not picking up phone today
[10:46] {Threei} one of those days... totally out of tune
[10:46] {Threei} jeez MER
[10:47] {dino} try a different radio station
[10:48] {Threei} MER is aiming for 19 or what
[10:50] {Onix} short sqwash!
[10:50] {Threei} US SAYS IT IS EXPELLING THE VENEZUELAN AMBASSADOR IN D.C.
[10:50] {Threei} {USO}
[10:52] {dino} tktm stopped -.09
[10:52] {GeoArb} hal JBE vad?
[10:52] {GeoArb} oops
[10:52] {Threei} chart's right
[10:53] {Threei} whether it works, I am not the one to ask today, lol
[10:53] {GeoArb} here she goes
[10:53] {fernp} Washington Mutual (WM) May Be Forced to Sell Deposits, Branches to Stay Afloat - Bloomberg
[10:54] {Threei} AIG resumes death spiral
[10:54] {Threei} finding an entry on it is tricky
[10:59] {Threei} 19 MER
[11:00] {Threei} jeez... AIG bounce
[11:00] {dino} type sm l.59
[11:13] {dino} aapl stopped .50, +1.50
[11:14] {dino} too soon
[11:15] {dino} micc sm l .40
[11:18] {Threei} oil sharp drop
[11:18] {magoo} where the mer short?
[11:20] {Threei} I wish I knew
[11:20] {dino} careful mer, was 29 5 days ago, use skf, mkt as guide imo at this point
[11:25] {dino} out ilmn .26 ave, +.40
[11:30] {GeoArb} .
[11:31] {dino} out micc .80, +.40
[11:33] {Threei} WM
[11:33] {Threei} MOODY'S NOTES IT SEES NO REASON WHY THE BANK CANNOT OPERATE GOING FORWARD GIVEN ITS NEW CREDIT RATING
[11:33] {Threei} - Note yesterday Moody's cut WM's rating to Baa3 from Baa2 with a negative outlook
[11:33] {dino} perhaps the financial world lives for another day
[11:33] {Threei} unless something collapses over weekend
[11:33] {Threei} which is very much a possibility
[11:33] {dino} tighten type to .78
[11:33] {dino} stingy today
[11:34] {Chaeron} so Monday might be canceled?
[11:34] {Threei} easy
[11:34] {dino} then we should party sunday
[11:34] {Threei} why wait two days?
[11:35] {dino} good point
[11:35] {dino} out type slipped to .715 ave, +.12
[11:40] {Threei} BAC REPORTEDLY HEADS THE LIST OF POTENTIAL ACQUIRERS OF LEH - UNCONFIRMED REPORT
[11:40] {Threei} {BAC}
[11:42] {Threei} AIG collapsing
[11:46] {Threei} FORMER FED CHAIRMAN GREENSPAN: LEHMAN SITUATION COULD BE RESOLVED WITHOUT GOVERNMENT ASSISTANCE - TV INTERVIEW
[11:47] {magoo} u in AIOG short vad?
[11:47] {Threei} will try .50 breal
[11:47] {GeoArb} off to work.... see you all later.... net negative today.... have a great weekend
[11:48] {Threei} take care Geo
[11:48] {dino} cya geo
[11:54] {Threei} MER broke down
[11:54] {Threei} maybe aggressive entry on AIG
[11:54] {magoo} sh .55 then
[11:54] {magoo} in
[11:55] {Threei} .71 stop
[11:56] {Threei} come on, lose that .50 already
[11:57] {Threei} market spike
[11:58] {Threei} finally
[11:58] {magoo} DIIIIIIIIEEEEEEEEEEEEE
[11:58] {Threei} die AIG
[11:59] {magoo} where u thinking?
[11:59] {Threei} no idea
[11:59] {Threei} I can't believe it's still not 12
[11:59] {Threei} or 11
[11:59] {Threei} or 10
[12:00] {Threei} you see how it is today
[12:00] {Threei} heh
[12:01] {Threei} don't know what to say
[12:01] {Threei} they trade in some parallel universe I think
[12:02] {magoo} does that mean somewhere there is a vad going long?
[12:02] {Threei} I suppose
[12:03] {dptl} lol
[12:03] {Threei} if I get that out of body experiewnce I'll share
[12:04] {Threei} the only thinking that could keep them floating is:
[12:05] {Threei} if LEH deal over weekend brings relief, finnies are likely to gap on Monday
[12:05] {Threei} it will be most likely as short lived as FNM/FRE gap was
[12:05] {Threei} but gup to utilize nonetheless
[12:06] {Threei} that's my theory on why people keep buying them
[12:07] {magoo} which ones {he he}
[12:08] {Threei} which ones - you mean people in which universe?
[12:08] {Threei} hard to tell... I am not even sure in which one I am
[12:08] {Threei} I feel like I am in chronoclastic infundibula
[12:09] {magoo} bombastic fatulola??
[12:09] {Threei} I am sure peter can name the book
[12:10] {Threei} look at it... breakdown after breakdown, and it bounces like it has any real support
[12:13] {Threei} you still in mags?
[12:13] {magoo} yes
[12:13] {magoo} .55
[12:13] {Threei} I honestly don't know what to tell you here
[12:14] {magoo} tell me something, and ill do oposite lol
[12:14] {Threei} my firm conviction is this thing should see 13 today at least,
[12:14] {Threei} quite likely lower
[12:14] {Threei} but it can do a serious harm inbetween
[12:14] {Threei} MER drops again
[12:14] {magoo} i think 12.70 area but it may rinse me three times first
[12:15] {Threei} that's the problem
[12:15] {Threei} shakeouts are vicious
[12:15] {magoo} i only have 3k shares so have some room {he he...not}
06[12:16] * Threei slaps magoo around a bit with a large trout
[12:16] {magoo} about time !!
[12:16] {magoo} again
[12:16] {Threei} better watch your stock
[12:18] {Threei} needs to lose .40
[12:19] {dino} l cvtx .80, stop .63
[12:19] {Threei} anyone else is holding this short?
[12:20] {Threei} REPORTEDLY EU WILL NOT IMPOSE DUTIES ON IMPORTS OF HOT DIPPED METALIC COATED STEEL FROM CHINA - UNCONFIRMED REPORT
[12:21] {Threei} just in case any of you intended to import coated steel from China to Europe
[12:21] {Threei} MER spike
[12:21] {Threei} careful mags
[12:21] {Threei} AIG didn't really follow
[12:21] {Threei} but I can't get any reliable read on it
[12:22] {Threei} by all standards it should have been dead by now
[12:25] {magoo} magoo pounding on its head
[12:25] {Threei} finally, new low
[12:26] {Threei} maybe cover half on next dive
[12:26] {Threei} under .30
[12:26] {Threei} there you go
[12:27] {Threei} magoo?
06[12:27] * Threei slaps magoo around a bit with a large trout
[12:28] {magoo} out .17 TY
[12:28] {Threei} 1/4 more now
[12:28] {Threei} and bid the rest at your 12.70
[12:29] {Threei} with stop .51
[12:31] {Threei} lol, FRE under .50
[12:31] {Threei} just like dino said
[12:31] {Threei} not sure why FNM is not there still
[12:32] {Threei} peter, you here by any chance?
[12:33] {magoo} shaapl small .15
[12:34] {Threei} USD is weak today, huge hurricane is on a path to refineries cluster, and USO is barely green
[12:34] {Threei} what does it tell you?
[12:35] {magoo} covered remainder her .86
[12:36] {magoo} aig
[12:36] {Threei} wtg
[12:36] {magoo} [12:15] {magoo} i think 12.70 area but it may rinse me three times first
[12:37] {magoo} stopped aapl sh .51
[12:37] {Threei} AIG
[12:37] {Threei} HEARING WEAKNESS BEING ATTRIBUTED TO A VAGUE RUMOR OF A 50M SHARE BEING SHOPPED
[12:38] {Threei} lol
[12:38] {Threei} what idiot writes those?
[12:38] {Threei} is there any need to look for special reason for weakness in financial names?
[12:38] {Threei} if there, I can name them: BSC, FRE, FNM, LEH, WM
[12:39] {magoo} hey...i wrote that
[12:39] {Threei} oh well
[12:39] {Threei} not a first time someone is offended by my blunt remarks
[12:40] {Threei} but unlike many others, you know what to do
[12:40] {magoo} not first time u offended me specifically lol
06[12:40] * Threei is hiding under the rock from that whistling trout
[12:40] {Threei} sorry mags... but that's a part of my daily routine
[12:40] {Threei} coffee... newspaper... turning trading software and scanner... insulting mago...
[12:42] {Threei} http://www.telegraph.co.uk/news/newstopics/politics/2825637/David-Miliband-subjected-to-F-word-tirade-from-Russian-foreign-minister-Lavrov.html
[12:45] {magoo} any setup AIG vad?
[12:45] {Threei} not here
[12:45] {Threei} this one is not for chansing
[12:45] {Threei} bounces only
[12:46] {magoo} market collaspe
[12:46] {Threei} here comes the most important thing for lawmakers to care about right now:
[12:46] {Threei} US HOUSE PANEL TO EVALUATE AN ONLINE GAMBLING BILL ON TUESDAY
[12:47] {Threei} now we are talking AIG...
[12:47] {Threei} this is behavior I understand
[12:48] {Threei} look to short into bounce
[12:48] {Threei} .80 is closest resistance
[12:49] {dino} kndl
[12:49] {Threei} first weaknsess from here
[12:49] {Threei} in, half lot
[12:49] {Threei} stop over 14
[12:50] {Threei} got .80
[12:52] {Threei} half out
[12:52] {Threei} .62
[12:52] {magoo} lower
[12:53] {Threei} bidding .45 for the balance, stop to .91
[12:53] {magoo} .455
06[12:53] * Threei slaps magoo around a bit with a large trout
[12:55] {Threei} not sure I like how it's holding
[12:55] {Threei} stop to .86
[12:56] {Threei} mer's dropping
[12:56] {Threei} come on AIG, open your eyes
[12:56] {Threei} and die
[12:57] {dino} kndl sm l .71
[12:58] {magoo} mer going thru 16 imo
[12:58] {Threei} 16?
[12:58] {Threei} it still has 17 on the way
[12:59] {magoo} thats what makes it such a great call
[12:59] {Threei} ah
[13:00] {Threei} out AIG balance
[13:00] {Threei} don't undertand it again
[13:02] {dino} ilmn sm l .50 jumpy one
[13:03] {Threei} ECB'S DRAGHI: BANKS AROUND THE WORLD MUST SEEK TO RAISE AT LEAST $350B IN ADDITIONAL CAPITAL
[13:03] {Threei} that's all?
[13:04] {Chaeron} I'll raise it for them for 10% commission and 10% stock :)
[13:05] {Threei} LEH
[13:05] {Threei} REPORTEDLY STILL SHOPPING FOR FOR POSSIBLE SUITORS OF ASSET MANAGEMENT UNIT -UNCONFIRMED REPORT
[13:05] {Threei} chaeron... better buy that LEH already, pout them out of their misery
[13:07] {Chaeron} damn... with all the news announcements it sounds like more of an advertisement to buy LEH.... every 20 minutes "LEH for sale! Give them a call...!"
[13:09] {dino} just wait until they start cold calling you
[13:09] {dino} dinner interrupted
[13:10] {dino} hello, is the head of the household home, this is leh
[13:12] {dino} altho, they would have to have the gov't suspend the do not call list first
[13:12] {dino} thats when we know its serious
[13:13] {magoo} aig smells like 11
[13:18] {pita} good fishing all, day job.....
[13:18] {Threei} take care pita
[13:18] {dino} later pita
[13:18] {magoo} bye pita
[13:19] {Threei} MER under 17
[13:19] {magoo} 13:13] {magoo} aig smells like 11
[13:22] {Threei} bounces are still quite vicious
[13:22] {Threei} gotta take it one leg at a time
[13:23] {Threei} HEARING CHATTER CIRCULATING THAT MAY BE IN DEAL DISCUSSIONS WITH JPM
[13:23] {Threei} {JPM}
[13:24] {magoo} who?
[13:25] {Threei} WM
[13:25] {Threei} sorry
[13:26] {Threei} can you believe this bounce AIG?
[13:27] {magoo} where the hex dave aka laser?
[13:29] {dino} kndl stop to .09
[13:30] {dino} out slippage bad, .01, +.30
[13:31] {dino} as seinfeld would say, better than shirkage
[13:31] {dino} shrinkage
[13:32] {Threei} USO red
06[13:33] * magoo slaps laserdave1 around a bit with a large trout
[13:33] {magoo} 13:27] {magoo} where the hex dave aka laser?
06[13:33] * Chaeron slaps laserdave1 around a bit with a large trout
[13:34] {laserdave1} what is up with Meryll Gynch today?
[13:34] {dino} at wndys'
[13:34] {dino} wow i can't type today, wendy's
[13:34] {Threei} you mean what is down?
[13:34] {laserdave1} i mean the thing is nuts
[13:34] {laserdave1} volume insane
[13:35] {laserdave1} 1800 offers being snapped up off of INET
[13:35] {Threei} AIG even more
[13:35] {laserdave1} crazy
[13:35] {laserdave1} ya that thing also
[13:35] {laserdave1} they both nuts
[13:39] {_csepulve33} hi everyone!
06[13:39] * magoo slaps _csepulve33 around a bit with a large trout
[13:39] {_csepulve33} possible cup and handle on ES Z8 one minute?
[13:40] {Threei} hi csepulve
[13:40] {_csepulve33} hi vad
06[13:40] * magoo slaps _csepulve33 around a bit with a large trout
[13:40] {magoo} no hi magoo?
[13:40] {patience} hi magoo
[13:40] {_csepulve33} jajaj...yes hi to everyone!!!!
[13:40] {dino} ilmn stopped -.50 sm
[13:41] {magoo} hi patience
[13:41] {_csepulve33} hi magoo
[13:42] {dino} possible bottle of brew forming around 4:00
[13:42] {Threei} WM
[13:42] {Threei} WSJ: SOURCES DOWNPLAY TALKS WITH JPM ABOUT A POSSIBLE DEAL, CEO HAS BROUGHT A FOMER CFO IN AS AN ADVISOR
[13:42] {Threei} {JPM}
[13:44] {_csepulve33} closer to confirm cup and handle on ES
[13:47] {dino} kndl l .80
[13:54] {Threei} FRONT MONTH CRUDE FUTURES DROPS BELOW $100 LEVEL FOR THE FIRST TIME SINCE EARLY APRIL
[13:54] {Threei} {USO OIH}
[13:54] {Threei} chaeron
[13:54] {Threei} round of vodka?
[13:54] {magoo} u just read my mind
[13:54] {Chaeron} got a liter right here...........
[13:55] {_csepulve33} vodka......great
[13:55] {magoo} i find i trade better while drinking
[13:55] {Threei} better?
[13:55] {Chaeron} Raw Vodka - distilled thru diamond dust
[13:55] {Threei} I can't trade at all when sober
[13:55] {magoo} yeah...
[13:55] {Threei} tried this morning
[13:55] {Threei} just doesn't work
[13:56] {magoo} your pics this morn drove me to the freezer early {or should i say earlier than usual...orange stoli in freezer at all times}
[13:56] {dino} i found i drink faster when trading
[13:57] {Threei} lol
[13:57] {magoo} funny too..found my long lost cell phone in there today..sigh
[13:59] {_csepulve33} you even try to trade drinking tequila?
[13:59] {Threei} too expensive in our neck of the woods
[14:00] {dino} had some petrone over the weekend, is good
[14:01] {Threei} CNBC'S FABER: JPM NOT IN DISCUSSIONS WITH WM OVER ACQUISITION
[14:01] {Threei} {JPM}
[14:02] {Threei} {WM} are too!!!
[14:07] {Threei} lol, better yeat:
[14:07] {Threei} JPM NOT IN DEAL DISCUSSIONS WITH WM, NO TALKS OF SIGNIFICANT NATURE, BUT 'THAT COULD CHANGE'
[14:08] {Chaeron} if these prices keep going, my son's piggy bank will be in discussions with WM for aquisition
[14:15] {dino} kndl stop to .03
[14:15] {dino} out +.23
[14:21] {magoo} alright vad..get to work
[14:26] {magoo} i need some of that new drink..tru-blood
[14:27] {Threei} trying to et a feel for end of day direction for finnies magas
06[14:27] * Chaeron slaps _csepulve33 around a bit with a large trout
[14:27] {Chaeron} ooops sorry cse
06[14:27] * Chaeron slaps magoo around a bit with a large trout
[14:27] {magoo} lol
[14:28] {magoo} hes taking a beating today for a visitor
[14:29] {magoo} vad..if u could find me just 3 more trades of $300 profit i would have a good day going
[14:29] {Threei} 1 for $900 won't do?
[14:30] {magoo} ok..was trying to go easy on u
[14:30] {Threei} WHITE HOUSE: FNM AND FRE TAKEOVER WILL NOT BE ON THE FEDERAL BUDGET
[14:30] {dino} of course, "off" budget item
[14:31] {Threei} AIG bouncing
[14:32] {Threei} looks to lead MER this time
[14:35] {magoo} i think id rather short a bounce..what u thinking
[14:36] {Threei} hard to tell when any second new headline can appear
[14:36] {Threei} they look quite resilient here
[14:36] {Threei} idea "who wants to hold them over weekend" is too obvious
[14:36] {Threei} and in fact, many may want
[14:37] {Threei} counting on gap after LEH resultion over weekend
[14:38] {magoo} funny u brought up parallel universe..last nite sienfeld was the one where elaine finds 3 opposite friends of george..jerry and kramer
[14:39] {Threei} bounce in progress it seems
[14:39] {Threei} before final resolution I'd expect AIG to revisit 13
[14:39] {Threei} and MER 18
[14:40] {Threei} here comes AIG 13
[14:40] {Threei} direct hit
[14:40] {Threei} that was 200 for you
[14:41] {magoo} took wrong one
[14:41] {magoo} mer
[14:41] {Threei} still in works
[14:41] {Threei} was at .70 at the time
[14:42] {Threei} half way to target
[14:44] {magoo} out .95 TY full lot
[14:44] {Threei} welcome :)
[14:44] {magoo} 2 motre vad
[14:44] {magoo} really
[14:45] {Threei} good timing on exit
[14:45] {magoo} ty..
[14:45] {dino} type l .80
[14:50] {Threei} C
[14:50] {Threei} JIM CRAMER SPECULATES THAT CITIGROUP WILL BE NEXT TARGET OF A BEAR RAID
[14:52] {Threei} ok... shorted .27
[14:52] {Threei} .31 stop
[14:52] {Threei} let's see if Jimmie got it right, lol
[14:53] {Threei} I can afford 4 cents stop to check him out
[14:53] {Threei} hwey, it woprks
[14:53] {Threei} lol
[14:54] {Threei} out .16
[14:55] {Threei} thatnks for 110 bucks Jim
[14:55] {magoo} that was crazy fast
[14:55] {Threei} not really...
[14:55] {Threei} gave ample time for entry
[14:55] {Threei} and slid down ordely
[14:56] {Threei} hmmm
[14:56] {Threei} AIG at 13 again
[14:56] {Threei} MER is lagging
[14:57] {Threei} in
[14:57] {Threei} .80
[14:57] {Threei} .69 stop
[14:57] {Threei} wtf happened on AIG?
[14:57] {laserdave1} AIG mass move
[14:57] {laserdave1} huge candle there
[14:57] {Threei} MAY ANNOUNCE A TURNAROUND PLAN BEFORE SCHEDULED SEP 25 ANNOUNCEMENT, MAY INCLUDE CAPITAL RAISE OR ASSET SALES - UNCONFIRMED REPORT
[14:57] {Threei} news...
[14:57] {Threei} told you, any swcond new headline
[14:58] {Threei} come on MER, follow
[14:59] {Threei} out .88
[14:59] {Threei} abysmal following
[15:00] {Threei} happy with &80
[15:01] {Threei} not sure how this news warrants such spike
[15:01] {Threei} they will intoroduce plan to raise capital or sell assets?
[15:03] {dino} cvtx stopped -.16
[15:05] {Threei} 18 MER...
[15:07] {Threei} 55 minutes - plenty of time for two headlines sending finnies down and two - up
[15:08] {Threei} 13 area is natural bounce level for AIG
[15:10] {Threei} in
[15:10] {Threei} .89 stop
[15:13] {dino} ilmn sm l .25
[15:13] {Threei} taking too long... out
[15:18] {Threei} MER sharp down
[15:18] {Threei} waiting for news, lol
[15:20] {Threei} hmm... no headline for this drop
[15:20] {dino} type stop to .89
[15:22] {Threei} STIFEL ANALYST WIDENS Q3 LOSS ESTIMATE FOR WAMU (TIMING UNCERTAIN)
[15:26] {dptl} have a good weekend all.. :).....(good week ,no loosing days:))
[15:26] {Threei} take care dp, qwtg
[15:27] {dino} great job dp
[15:27] {dptl} ty :)
[15:28] {dino} goal #1, flat or up
[15:28] {magoo} nice dp
[15:37] {dino} out type .00, +.20
[15:45] {magoo} we missed this AIG short
[15:46] {Threei} yeah
[15:46] {magoo} i called 11
[15:46] {Threei} 13 minutes to get there
[15:48] {Threei} MER new lows
[15:49] {Threei} probably this AIG bounce is a chance to short
[15:49] {magoo} ok sh .05
[15:50] {Threei} holding...
[15:50] {Threei} careful
[15:50] {Threei} keep it tight
[15:50] {fernp} this morning i shorted AIG, but now it's no available. weird
[15:50] {Threei} broker must have run out of inventory
[15:51] {fernp} yes
[15:51] {Threei} MER bouncing mags
[15:51] {Threei} be careful
[15:52] {magoo} waiting .87
[15:52] {magoo} OUT
[15:53] {magoo} ty
[15:53] {Threei} good one
[15:53] {Threei} gutsy too
[15:53] {Threei} MER may follow it now
[15:53] {magoo} yeah..not my style
[15:53] {magoo} sh mer .86
[15:54] {Threei} wow
[15:54] {Threei} what a dump AIG
[15:56] {dino} out ilmn .45, +.20
[15:56] {dino} calling it a week, decent one
[15:58] {magoo} out mer sh minudime
[15:58] {Threei} OK guys, thank you all
[15:59] {Threei} have a good weekend
[15:59] {Threei} much better than LEH and Fed
[15:59] {magoo} ty vad
[15:59] {Threei} see you on Monday
[16:00] {fernp} have a nice weekend all
[16:01] {dino} take care all
Friday, September 12, 2008
Thursday, September 11, 2008
Sep 10 2008
Session Time: Wed Sep 10 00:00:00 2008
[08:29] {magoo} morning
[08:35] {Threei} Good morning
[08:35] {magoo} morn vad
[08:35] {magoo} man LKEH sold down to 7 last nite
[08:35] {magoo} lkeh
[08:35] {magoo} sigh
[08:35] {magoo} LEH
[08:36] {Threei} dove under 7 earlier today too
[08:36] {Threei} don't know why it's recovering now
[08:36] {magoo} i just took some aapl here long
[08:36] {magoo} should bounce
[08:37] {Threei} CZECH REPUBLIC REPORTEDLY APPROVES AGREEMENT WITH US FOR MISSILE BASE FORCES
[08:37] {Threei} how about that OPEC cut
[08:37] {magoo} hh?
[08:37] {Threei} all day yesterday each members separately said no cut
[08:37] {Threei} then all together, except Saudis, they voted to cut
[08:38] {Threei} obviously the way they talk business
[08:38] {magoo} :)
[08:38] {magoo} rimm up 3
[08:39] {magoo} new product today
[08:39] {magoo} oposite affect from aapl
[08:39] {esemde} good morning....
[08:39] {Threei} ese :)
[08:41] {esemde} Got my new timetable yesterday.....I may not be joining you on Tuesdays and thursdays until late January until first semester is over
[08:41] {esemde} this is a drag
[08:41] {magoo} sorry to hear
[08:42] {esemde} Yes I have to be out of the house very early to do morning band at another school those days
[08:42] {Threei} :(
[08:42] {esemde} indeed
[08:46] {Threei} C
[08:46] {Threei} CITI REPORTS EXPOSURE TO FANNIE AND FREDDIE AT $50M AS OF SEPT 8TH, SEES RELALTED PRETAX CHARGE OF $450M - FILING
[08:46] {magoo} imcl news vad
[08:46] {Threei} issues statement
[08:47] {Threei} no statement itself yet
[08:49] {peterg} hi
[08:49] {Threei} peter :)
[08:49] {Threei} ok, IMCL
[08:49] {Threei} Statement informs Bristol-Myers Squibb Company that following the Special Committee's review and discussion, and based upon the advice it received from its advisors, the Special Committee has determined that the unsolicited offer that ImClone received from Bristol-Myers to acquire ImClone for $60 per share in cash is inadequate.
[08:49] {Threei} Mr. Icahn also announced he has had several conversations with the Chief Executive Officer of a large pharmaceutical company. pharmaceutical company has submitted a proposal, subject to due diligence, but not subject to financing, to acquire ImClone for $70 per share in cash.
[08:52] {Threei} OK, this is quite worthy 1 min of your time
[08:52] {Threei} http://tinyurl.com/6k39bg
[08:54] {magoo} holy crap...i want to apply for that job
[08:55] {Threei} I don't... I would issue "short the crap out of it" recommendation and get fired on a spot
[08:55] {Threei} or taken out the back door and shot
[08:56] {magoo} news SSL
[08:57] {Threei} nope
[08:57] {fernp} Good morning all
[08:58] {Threei} fern :)
[08:58] {Threei} ok, why this pos LEH is rising
[08:58] {Threei} for all we know it should have been trading at 5 already
[09:00] {magoo} i know announce loss 3.9 BILLION
[09:00] {Onix} good morning all
[09:00] {Threei} cut dividends by 95% (as if it has any business paying them at all)
[09:00] {Threei} Onix :)
[09:00] {Threei} and negotiations with KDB ended
[09:01] {magoo} KGB??
[09:01] {Threei} they announced also some restructuring plan
[09:02] {magoo} would u explain to me briefly market fair value in pre mkt
[09:03] {Threei} yes
[09:03] {magoo} i dont get it..say mkt up 76..fair value 9
[09:03] {Threei} bs concept that has no slightest ground in reality
[09:03] {Threei} brief enough?
[09:03] {magoo} yep..i can understand it
[09:04] {Threei} http://www.investopedia.com/terms/f/fairvalue.asp
[09:04] {Threei} the futures market, fair value is the equilibrium price for a futures contract. This is equal to the spot price after taking into account compounded interest (and dividends lost because the investor owns the futures contract rather than the physical stocks) over a certain period of time.
[09:04] {Threei} The "fair value" quoted on TV refers to the relationship between the futures contract on a market index and the actual value of the index. If the futures are above fair value then traders are betting the market index will go higher, the opposite is true if futures are below fair value.
[09:04] {dino} gm all
[09:04] {Threei} dino :)
[09:05] {magoo} ty
[09:09] {dino} let's see if i understand C, they have $50 million exposure as of the 8th, w/a $450 million write-off. seems to me that they had a $500 million exposure as of the 7th. and the $50 million remaining will be worthless. nice going again guys.
[09:09] {magoo} vad, news AAPL
[09:09] {dino} i suppose bonuses are in order
[09:10] {magoo} u can learn all this at ...www.dinospeakthelanguage.com
[09:11] {Threei} that's how I understood it as well dino
[09:11] {magoo} did u go to his website vad?
[09:11] {Threei} should I?
[09:11] {dino} bottom line, they made another 1/2 billion mistake
[09:12] {dino} c'mon, who is in charge of these idiot mistakes, fire them.
[09:14] {cosmo} ERIC
[09:14] {Threei} LEH CEO: SEES NO LARGE WRITEDOWNS IN COMMERCIAL REAL ESTATE DIVISION - CONF CALL
[09:16] {cosmo} IMCL
[09:18] {cosmo} pulls back from 71 pre mkt high
[09:26] {_csepulve33} good morning
[09:26] {Threei} csepulve :)
[09:30] {Threei} itching to short the crap out of LEH
[09:30] {Threei} will probably let the dust settle first
[09:31] {judijim} good morning all
[09:31] {Threei} jj :)
[09:32] {Threei} something doesn't look right about it
[09:33] {magoo} we know it can get into 6 area
[09:33] {Threei} yeah... what I don't understand is why it's still not there
[09:33] {Threei} COIN
[09:34] {magoo} maybe now
[09:34] {magoo} not in..just saying
[09:34] {Threei} if 6.75 gets taken, very risky long
[09:34] {Threei} with a good chance of going over 7
[09:36] {Threei} should break now
[09:38] {magoo} mkt not helping
[09:38] {magoo} not in
[09:40] {Threei} I guess I was being too careful on LEH
[09:40] {Threei} should have given in to that itch
[09:40] {magoo} me too
[09:40] {magoo} we should have done 300 shares
[09:41] {magoo} l aapl 300 sh.80-
[09:41] {magoo} 149.80
[09:41] {magoo} moving fast hard to post
[09:42] {esemde} hmmmmm just taking a look at the beating ESLR has taken.....interesting
[09:44] {esemde} CSIQ same...
[09:44] {esemde} gonna be bounce time soon
[09:45] {magoo} everything is ES
[09:45] {Threei} COIN 7
[09:45] {Threei} half out at least
[09:45] {esemde} to bad i don't have a crap load of money right now
[09:45] {magoo} nice vad
[09:45] {Threei} scalpers be happy
[09:45] {magoo} cover aapl .49
[09:45] {magoo} out
[09:46] {magoo} not easy
[09:50] {esemde} lots of solar stocks on the euphoria screen
[09:50] {magoo} l 100 shares goog
[09:50] {dino} stalking skf
[09:50] {magoo} 200 bux stop
[09:51] {magoo} 420.95
[09:52] {dino} v sm s skf .19 wide
[09:52] {magoo} looking for points
[09:52] {dino} y
[09:53] {dino} theres 1
[09:53] {magoo} i meant my goog
[09:53] {dino} opps
[09:54] {Threei} Long Setup: FNM 1.16 for a scalp type 1, if stays above .10
[09:55] {magoo} stopped anyway TECH SUYX
[09:57] {dino} v sm aapl l .30 wide
[09:59] {dino} afam sm l .24
[10:04] {dino} aapl stop to .50
[10:04] {magoo} ty dino took aapl and cut 151.27
[10:04] {magoo} point
[10:05] {Threei} pains me to say
[10:05] {Threei} but LEH is long on .50 break
[10:05] {magoo} i hope it doesn't pain my acct he he
[10:06] {Threei} invalidated
[10:06] {Threei} {--- feeling relief
[10:06] {esemde} long AMGN .80
[10:07] {esemde} stop .70 aggressive
[10:07] {esemde} entry
[10:07] {dino} cov skf .60, +.60
[10:07] {dino} .59
[10:08] {magoo} feel this
06[10:08] * magoo slaps Threei around a bit with a large trout
[10:08] {Threei} hmmm
[10:08] {dino} too soon
[10:09] {magoo} ponder this
06[10:09] * magoo slaps Threei around a bit with a large trout
[10:09] {Threei} sigh
[10:09] {dino} aapl to .48
[10:09] {magoo} sigh over this
06[10:09] * magoo slaps Threei around a bit with a large trout
[10:09] {Threei} lol
[10:10] {esemde} come on......give it the push to 62
[10:10] {Threei} next will be laugh over this?
[10:10] {dino} out aapl .48, +2.18
[10:10] {magoo} indeed'
[10:11] {esemde} agressive this morning mags....just like my AMGN entry
[10:13] {dino} afam stop to .09
[10:13] {esemde} thought about CELG bounce as a dino tribute but went with AMGN
[10:14] {dino} why thank you
[10:14] {esemde} thats it amgn....thats it
[10:15] {Threei} ESLR
[10:15] {Threei} CFO NOTES IN TALKS TO POTENTIALLY LICENSE NEW TECHNOLOGY
[10:16] {dino} dino announces in talks w/magoo over lunch
[10:17] {Threei} demand him to serve fish dino
[10:17] {Threei} he has abundance of it this morning
[10:18] {magoo} fish????
[10:18] {Threei} there goes
[10:18] {dino} afam stopped slipped .00 -.24
06[10:18] * magoo slaps Threei around a bit with a large trout
06[10:18] * magoo slaps patience around a bit with a large trout
[10:20] {esemde} AMGN stop to .80 break even
[10:21] {Threei} Short Setup: LEH 8.15 half lot
[10:21] {Threei} if stays below .25
[10:21] {esemde} don't need it out Amgn 62
[10:22] {Threei} good one ese
[10:22] {esemde} that was 3/4 lott by the way
[10:22] {esemde} tks
[10:22] {Threei} LEH over 1:1 quickly
[10:23] {peterg} out LE + .10 tks
[10:23] {esemde} me thinks AMGN is going to explode over 62 also
[10:23] {Threei} WM looks like another short candidate, missed breakdown of 3 earlier
[10:23] {Threei} maybe bounces for us
[10:23] {Threei} LEH 1:2
[10:25] {Threei} 1:3
[10:25] {Threei} if market downticks fast, WM short 2.80
[10:27] {dino} avav
[10:28] {magoo} man vad..if LEH loses low it will crash
[10:29] {Threei} yeah... but let's short it leg by leg
[10:29] {magoo} u out?
[10:29] {Threei} don't want to oversit
[10:29] {Threei} at 1:2, yes
[10:29] {magoo} ok
[10:29] {Threei} 1:3 was an icing on a cake that I missed
[10:30] {Threei} oil inventories soon
[10:30] {Threei} in 5 min
[10:30] {_csepulve33} it seems to be a choppy day
[10:30] {Threei} sure is
[10:35] {Threei} DOE CRUDE: -5.8M V -4ME; GASOLINE: -6.4M V -4.5ME;
[10:35] {Threei} DISTILLATES: -1.25M V -2.2ME;
[10:36] {dino} v sm l .70, stop lod
[10:36] {dino} afam sm l .62 last try
[10:37] {Threei} oil is so toast
[10:40] {cosmo} hmm...a biofuel
[10:41] {Threei} WM stop for scalpers is .86, for a bit longer hold .93
[10:47] {Threei} scalpers have 1:1
[10:48] {cosmo} STLD might have bottomed...on the daily ...dunno
[10:48] {cosmo} 21.19=hod
[10:48] {cosmo} should hold 21
[10:48] {Threei} longer holders have 1:1
[10:49] {dino} avav sm s .12, risky
[10:49] {Threei} feel free to cover WM as you see fit
[10:49] {Threei} it looks like more downside in cards
[10:49] {Threei} but let's manage risk
[10:50] {Threei} 22 cents already on $2 stock
[10:50] {Threei} allowing for any size of lot, lol
[10:50] {Threei} you can get a fill for 5K, 10K, whatever
[10:52] {Threei} out in full WM here
[10:52] {Threei} will look to reshort if bounces
[10:52] {Threei} +.33 on last portion
[10:52] {dino} gj
[10:52] {Threei} am I alone here?
[10:52] {Threei} ah, ty dino
[10:53] {dino} avav bstop to b/e
[10:53] {Threei} not much of a bounce eh?
[10:54] {dino} skf hod
[10:55] {dino} lots of red on "my" scanner fwiw
[10:55] {Threei} 2.60 closest WM resistance
[10:57] {dino} v stopped -.45
[10:59] {dino} avav bstop to .62
[11:08] {Threei} Short Setup: CIEN .35 if stays under .45
[11:10] {Threei} LEH
[11:10] {Threei} ASSET MANAGEMENT ASSETS BIDS ARE REPORTEDLY DUE ON FRIDAY - UNCONFIRMED REPORT
[11:11] {Threei} if you shorted WM near .60, half out here
[11:11] {dino} i don't think magoo will have the numbers together by friday
[11:11] {Threei} lol
[11:12] {dino} avav to .41 bstop
[11:12] {dino} cov slipped .48 ave. +..64
[11:14] {dino} partial fill itri l .41
[11:14] {dino} eqix ouch
[11:17] {dino} v rinse
[11:22] {magoo} l goog 100 shares....64
[11:22] {magoo} looking for multi platitudes
[11:23] {magoo} vad..is there goog news recent??
[11:23] {Threei} 11:14am [DT] Reportedly T-Mobile unit will shortly begin selling cell phones based on Google's Android platform - unconfirmed report
[11:24] {magoo} and thats bad?
[11:24] {Threei} that's not much
[11:26] {magoo} stopped again ..0 for 2
[11:27] {Threei} fighting trend
[11:27] {Threei} techs are in dire straits
[11:28] {dino} v sm eqix l .99
[11:28] {dino} wide
[11:29] {Chaeron} solf
[11:29] {Chaeron} Good morning all
[11:29] {Threei} chaeron :)
[11:30] {dino} gm
06[11:31] * magoo slaps Chaeron around a bit with a large trout
[11:41] {magoo} i was dishing them out earlier chae
[11:42] {Chaeron} thanks man... you know how I feel about beeing left out...
[11:42] {magoo} i do
[11:57] {dino} eqix stop to .74
[11:57] {dino} afam stop to .19
[11:59] {dino} out eqix slip .72, +1.73
[11:59] {dino} afam to .28
[12:01] {magoo} vad..what u watching??
[12:02] {Threei} not much to watch, market went dead
[12:02] {magoo} could be some shorts if IF mkt falls
[12:02] {Threei} still holding CIEN short
[12:02] {magoo} in where? {i was on phone..sorry}
[12:02] {Threei} and half WM
[12:03] {Threei} .37
[12:03] {magoo} so am i chasing ? {lol}
[12:03] {Threei} CHRYSLER NOTES IT IS MAKING GOOD PROGRESS ON DEVELOPMENT OF ELECTRIC CAR - SPOKESPERSON
06[12:04] * Threei slaps laserdave1 around a bit with a large trout
[12:04] {dino} tough crowd when 1.73 doesn't get ya noticed
06[12:04] * Chaeron slaps laserdave1 around a bit with a large trout
[12:04] {Threei} nothing does dino
[12:04] {Threei} total sleep
[12:04] {Threei} don't know why I even bother
[12:04] {Chaeron} shoot... missed that.... HUGE dino
06[12:05] * laserdave1 slaps Threei around a bit with a large trout
06[12:05] * laserdave1 slaps Chaeron around a bit with a large trout
06[12:05] * laserdave1 slaps Chaeron around a bit with a large trout
[12:05] {Chaeron} you put some in my acct, right?
06[12:05] * laserdave1 slaps Chaeron around a bit with a large trout
06[12:05] * laserdave1 slaps magoo around a bit with a large trout
[12:06] {Chaeron} honored you hate me more Dave :))
[12:07] {dino} indeed i did chaeron, the bill for commission
[12:07] {dino} afam stop to .45
[12:08] {dino} to .62
06[12:09] * magoo slaps laserdave1 around a bit with a large trout
06[12:10] * magoo slaps laserdave1 around a bit with a large trout
[12:12] {esemde} signing off all....have a great rest of the day
[12:13] {dino} out afam .64, +1.02
[12:14] {magoo} bye es
[12:15] {Threei} take care ese
[12:26] {Threei} SENATOR CORNYN ISSUES CALL FOR A CRIMINIAL PROBE OF FRE AND FNM
[12:26] {Threei} {FRE FNM}
[12:28] {cosmo} = ENE x 1000
[12:29] {cosmo} 10,000 maybe....
[12:31] {dino} vltr
[12:45] {dino} itri stop to .97
[12:45] {Threei} LEH is getting hit again
[12:47] {magoo} sh rimm .62 now..very small
[12:48] {dino} out itri .97 ave., +.57
[12:56] {Threei} IRAN SAYS IT IS HOLDING TAKS TO EXPAND CASPIAN OIL PIPELINE TO 500 BPD
[12:56] {Threei} - Notes it is ready to build a refinery on the Caspian Sea.{USO}
[12:56] {magoo} why all sudden nicey nice..afraid of U.S going to new technologies i guess
[12:57] {magoo} covered RIMM sh flat..i need to go get lunch
[12:58] {dino} afraid of natural gas, usa has discovered enough for 120+ years in the shale zones
[12:58] {dino} brb
[13:02] {laserdave1} dino when u see this?
[13:03] {laserdave1} is thta true abotu natural gas?
[13:04] {laserdave1} UNG has been hit so hard its crazy over last few months
[13:04] {Threei} woew
[13:04] {Threei} what happened with LEH?
[13:05] {Threei} CNBC'S GASPARINO: LEH IS PURSUING ALL ALTERNATIVE OPTIONS INCLUDING SALE OF ENTIRE COMPANY
[13:05] {Threei} that's all?
[13:05] {Threei} wasn't it said in the morning?
[13:05] {Threei} CNBC jokeys...
[13:12] {magoo} i really really like rimm short
[13:18] {magoo} not in..it will require mkt to retreat
[13:19] {dino} gotta hop for a bit, show a house, back later i think
[13:19] {dino} if not, thx all, very good day
[13:20] {Threei} gj
[13:31] {magoo} whats "gj"?
[13:32] {Threei} no idea
[13:32] {Threei} I just see people saying that
[13:32] {magoo} i was trying to get u say it..then i say thanx lol
[13:34] {Threei} lol
[13:34] {Threei} CIBC Rubin lowered his oil forecats to 115
[13:34] {Threei} called 200 earlier
[13:34] {Threei} sounds like that C targets for FNM
[13:35] {magoo} wheres oil now
[13:35] {Threei} some in tankers... some still in the ground... hard to generalize
[13:36] {Threei} REPORTEDLY TWO RUSSIAN STRATEGIC BOMBERS HAVE LANDED IN VENEZUELA
[13:36] {Threei} - reminder: over the weekend, Venezuela and Russia announced they would conduct joint naval exercises in Nov
[13:36] {magoo} u gonna get some fish oil if u dont amnswer
[13:37] {Threei} 102.88
[13:37] {Chaeron} I got some in my driveway magoo
[13:44] {magoo} sh rimm .91 103.91 small risky
[13:45] {magoo} stop .21
[13:45] {magoo} should follw aapl somewhat
[13:46] {magoo} thinking at least 1 pt
[13:52] {Threei} beauty mags
[13:52] {magoo} ty stop too .65
[13:54] {magoo} covererd here
[13:54] {magoo} mkt bounce
[13:54] {magoo} + .50
[13:54] {Threei} wtg
[13:56] {magoo} still stalkibng it
[13:56] {magoo} if mkt fallds it should..i say..should{who knows} fall
[13:57] {magoo} all other techs have given back..goog..bidu..aapl
[13:59] {magoo} sh again .33
[14:01] {magoo} no go ythis time
[14:02] {laserdave1} goog 52 week low about 412.10
[14:02] {laserdave1} just below it now
[14:03] {Threei} looks ready for flush
[14:03] {Threei} flushing
[14:03] {Threei} flushing
[14:04] {Threei} flushed
[14:04] {Threei} traded GOOG first time in a
[14:04] {Threei} ummm
[14:04] {magoo} nice read vad..2 pts u got
[14:04] {Threei} ever?
[14:05] {Threei} no... ot ever... but in a very long time
[14:06] {Threei} COIN day high again
[14:06] {magoo} i remember u and i hitting it way back in the day
[14:06] {Threei} your memory is better
[14:19] {laserdave1} financials really ripping
[14:19] {laserdave1} might squeeze this market
[14:19] {laserdave1} was there any news out
[14:19] {laserdave1} LEH bullish
[14:19] {laserdave1} market full reversal
[14:23] {laserdave1} if bid bac gets to 33 i will go long small shares
[14:24] {Threei} ABK .36 long if market spikes again
[14:24] {laserdave1} stop 32.90
[14:25] {laserdave1} leh can have big move up
[14:25] {laserdave1} rip might be coming accross the board
[14:26] {Threei} market hesitates a bit
[14:28] {Threei} wow RIMM
[14:28] {magoo} thats the RIMM run i been looking for last 4 sessions
[14:28] {magoo} but not in long after all the beatingsd it gave mne
[14:29] {Threei} come on market, grow a set
[14:33] {Threei} out ABK .50
[14:33] {magoo} .47 here TY
[14:33] {magoo} oh hey..laser got .48
[14:34] {Threei} hehe
[14:35] {Threei} best day of the month yet
[14:35] {Threei} can you believe half of the room is off?
[14:36] {magoo} what u saying?/theres alot of people logged in
[14:36] {laserdave1} took half out bac
[14:38] {Threei} kenya wants Obama elected
[14:39] {Threei} just so you know
[14:39] {Chaeron} that changed my vote
[14:39] {Threei} I have more information for you but since you already decided
[14:40] {peterg} Obabma so yesterday: Palin is now for now
[14:40] {peterg} pigs & lipstick--wow!
[14:40] {Threei} yeah... one thing bothers me though
[14:40] {peterg} wassat
[14:40] {Threei} I am trying to envision her facing Putin
[14:41] {peterg} across bering staits
[14:41] {peterg} she already did
[14:41] {peterg} the whole race has tanked. in terms of interest
[14:42] {peterg} for some reason
[14:50] {laserdave1} bac big seller at .01
[14:50] {laserdave1} why .01 no idea
[14:50] {laserdave1} if they get him should rip
[14:51] {Threei} WSJ: MINERALS MANAGEMENT SERVICE EMPLOYEES HAVE ACCEPTED GIFTS FROM OIL AND GAS COMPANIES ACCORDING TO THE DEPARTMENT OF THE INTERIOR
[14:51] {Threei} {USO UNG}
[14:51] {Threei} that starts looking like good old USSR
[14:52] {Threei} where only one kind of people didn't take bribes
[14:52] {peterg} I'll bite--who?
[14:52] {Threei} those who weren't offered
[14:52] {peterg} lol
[14:53] {peterg} actually, rofl!
[14:53] {laserdave1} out last half bac when it broke .90
[14:53] {laserdave1} half was good
[14:54] {laserdave1} should of sold all up there
[15:03] {dino} lol
[15:03] {magoo} yes..and can always reenter dave
[15:09] {laserdave1} i got small long on leh
[15:09] {magoo} where?
[15:10] {Threei} on NYSE
[15:10] {Threei} (I assume)]
[15:10] {laserdave1} u mean price?
[15:10] {magoo} THAT DOESIT..u better run
[15:10] {Threei} lol
06[15:10] * magoo slaps Threei around a bit with a large trout
06[15:10] * magoo slaps Threei around a bit with a large trout
06[15:10] * magoo slaps Threei around a bit with a large trout
[15:16] {laserdave1} cmon leh
[15:16] {laserdave1} u can do it
[15:18] {Threei} LEH
[15:18] {Threei} S&P AFFIRMS RATINGS ON WATCH NEGATIVE
[15:18] {Threei} shrug
[15:21] {laserdave1} out leh
[15:21] {laserdave1} not taking chance
[15:22] {laserdave1} tiny tiny loss
[15:28] {Threei} LEH
[15:28] {Threei} MOODY'S PUTS A2 RATING ON REVIEW, DIRECTION UNCERTAIN FOR LONG TERM DUE TO FLUIDITY IN LEH SITUATION
[15:28] {Threei} - Notes the market stress has been pressuring the belief that the firm should be sold
[15:28] {Threei} - Mood's comments on liquidy, believes it to be 'firm'
[15:31] {Threei} LEH
[15:31] {Threei} HEARING DEUTSCHE BANK MAKING POSITIVE COMMENTS (TIMING UNCERTAIN)
[15:31] {Threei} earth is revolving around LEH today
[15:33] {cosmo} checking
[15:35] {dino} dxpe
[15:35] {dino} avav
[15:39] {dino} qsii
[15:39] {Threei} sheesh LEH
[15:40] {laserdave1} LEH getting hammered now
[15:40] {laserdave1} wow
[15:41] {dino} mer, gs too
[15:41] {dino} avav patial fill s .92
[15:46] {dino} got it
[15:46] {laserdave1} they might really put the hurt on LEH
[15:47] {dino} lol, already bleeding badly this week
[15:48] {laserdave1} let see if they add any to the imbalance in 1 and a half minutes from now
[15:51] {Threei} about to lose low
[15:52] {dino} avav bstop to .75
[15:53] {dino} cov .74 +.18
[15:54] {Threei} wow
[15:54] {dino} and thats it for me today. thanks again all.....magoo bring me some grog
[15:55] {magoo} i cant..sh leh
[15:55] {dino} you dog
[15:55] {Threei} from where?
[15:55] {magoo} .41
[15:55] {Threei} half out?
[15:55] {magoo} covered .14]
[15:55] {Threei} and bid 6.90 the rest?
[15:55] {laserdave1} leh bidding 6.82 in case it breaks 7$
[15:56] {dino} gj, now cerveza por favor
[15:56] {Threei} wtg mags
[15:56] {Threei} 7 be gone
[15:57] {magoo} ty had great day
[15:57] {magoo} best in a month
[15:57] {Threei} :)
[15:57] {magoo} and stopping here at my high
[15:57] {peterg} wtg mags
[15:57] {Threei} thank you all, have a great evening
[15:57] {Threei} very nice day, second in a row
[15:57] {peterg} u2 vad, group
[15:57] {Threei} see you tomorrow
[15:58] {magoo} myu new winning streak vad..2 in a row he he
[15:58] {Threei} lol
[15:58] {Threei} 7 tested again
[15:58] {Threei} and lost
[15:58] {magoo} gotta start somewhere
[16:14] {magoo} good nitew all
Session Time: Thu Sep 11 00:00:00 2008
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 445K V 440KE;
[08:30] {Threei} ONTINUING CLAIMS: 3.525M V 3.460ME
[08:30] {Threei} - Prior Initial Jobless Claims revised from 444K to 451K
[08:31] {Threei} *AUG IMPORT PRICE INDEX M/M: -3.7% V -1.8%E; Y/Y: 16.0% V 20.2%E
[08:31] {Threei} JUL US TRADE BALANCE: -$62.2B V -$58.0BE
[08:31] {Threei} - Prior revised from -$56.8B to -$58.8B
[08:35] {Threei} don't look at LEH if you are prone to nightmares
[08:36] {cosmo} LEH: ...spectacular
[08:38] {Threei} MER's next?
[08:39] {cosmo} sure...why not
[08:43] {cosmo} ASML
[08:45] {brian3579} gm all
[08:45] {Threei} brian :)
[08:58] {tomg} good morning
[08:58] {Threei} tom :)
[08:59] {fernp} Good morning all
[08:59] {Threei} fern :)
[08:59] {Threei} 4 is line in the sand for LEH so far
[09:00] {Threei} DEUTSCHE BANK CUTS LEH TO HOLD FROM BUY, CUTS PRICE TARGET TO $11 FROM $28 (TIMING UNCERTAIN)
[09:00] {Threei} - reminder: just two days ago, DB added Lehman to the short term buy list, and yesterday recommended Lehman based on book value.
[09:00] {Threei} - separately, Ladenburg's Bove cuts Lehman price target to $12 from $20.
[09:00] {Threei} CITIGROUP CUTS LEH TO HOLD FROM BUY, PRICE TARGET: $9
[09:00] {Threei} amazing
[09:01] {Threei} stocks drop, analysts trail their targets
[09:01] {Threei} just like they did with FNM
[09:02] {Raven} These idiotic analyst statements bear a lot of resemblence to the crap that comes out of our Congress
[09:02] {Raven} pathetic
[09:02] {Threei} whole debacle is
[09:03] {Threei} was there any bubble in history that was so obviously a bubble?
[09:03] {Threei} heck, even CNBC commentators called it a bubble years ago
[09:03] {Threei} and those guys have never met a bubble they wouldn't hyped as legitimate gain
[09:03] {Raven} sigh
[09:04] {Raven} meanwhile our Presidenticl candidates debate the lipstick issue
[09:04] {Raven} double sigh
[09:04] {Threei} yup... crucially important
[09:05] {Threei} MER clawing its way down
[09:09] {dino} gm all
[09:09] {Threei} dino :)
[09:09] {dino} i guess the only thing that will get this market moving up is for oil to go back to 140
[09:09] {dino} end of days (getting old, imo)
[09:11] {dino} db had to get out of leh, thats why the buy
[09:12] {dino} ok guys/gals, same plan as last thurs., sit back for a bit
[09:14] {dino} watching cme, gs, skf, aapl afam
[09:15] {dptl} good morning all
[09:17] {Threei} dp :)
[09:17] {magoo} jyfyyffyfhfuyk
[09:17] {Threei} lkfotumhkldgs, yeah
[09:17] {Threei} WM under 2
[09:23] {Onix} gm all
[09:25] {Threei} onix :)
[09:26] {cosmo} LULU
[09:28] {Threei} GUIDES Q3 $0.11-0.13 V $0.17E, Q3 SSS MID TO HIGH SINGLE DIGITS
[09:34] {Threei} Long Setup: SIMG 6
[09:35] {Threei} stop under 5.85
[09:36] {Threei} Long Setup: LEH .51, stop .35
[09:38] {Threei} Short Setup: LEH .29 if can't break .50
[09:38] {Threei} SIMG invalidated
[09:41] {dino} lod's
[09:42] {dino} 11040ish last week low dji
[09:42] {judijim} good morning everyone
[09:42] {Threei} jj :)
[09:45] {magoo} man LEH is so fast
[09:49] {Threei} Long Setup: RIMM .50 break
[09:49] {Threei} stop under .30
[09:49] {Threei} invalidated
[09:50] {Threei} LEH no worky
[09:51] {peterg} gm all
[09:51] {Threei} peter :)
[09:52] {dino} sm l micc .95
[09:52] {dino} v sm l aapl .30 wide risky
[09:55] {Threei} shakeout
[09:56] {Onix} ty Vad, .72 in RIMM
[09:57] {Threei} good one onix
[09:58] {Threei} ugh LEH
[10:03] {Threei} what is it market got so happy about?
[10:06] {Threei} Long Setup: RIMM over .20
[10:06] {Threei} stop under 103
[10:06] {magoo} in
[10:07] {Threei} nope
[10:07] {magoo} shit
[10:10] {Roman} COIN on radar
[10:10] {Threei} 7.50 break, same as last setup on it yesterday
[10:10] {Threei} didn't trigger
[10:11] {Roman} WB
[10:11] {Roman} on pullback 13.75
[10:13] {magoo} gettin rinsed everywhere
[10:13] {Roman} in WB
[10:13] {Threei} COIN beauty
[10:13] {Threei} don't oversit though
[10:13] {Threei} volatile one
[10:16] {fernp} short play SNDA Vad?
[10:17] {Threei} .63 if can't break .80
[10:17] {Threei} arg
[10:17] {Threei} missed AIG short
[10:17] {fernp} ty
[10:17] {Threei} .75 was a trigger... got distracted
[10:21] {dino} sm l ilmn .00
[10:23] {Threei} AIG
[10:23] {Threei} EXPOSURE TO FNM AND FRE IS REPORTEDLY APPROX $550-600M - UNCONFIRMED REPORT
[10:26] {Threei} Long Setup: BRCM .16 if stays above 22
[10:29] {Threei} low volume pullback in both NQ and BRCM
[10:29] {Threei} see if NQ spikes, then BRCM becomes an agggressive entry
[10:30] {Threei} AIG getting hit
[10:32] {Threei} 22.01 if holding above .96
[10:34] {dino} v sm risky s skf .20
[10:35] {Threei} NQ is trying
[10:35] {magoo} invalidated?
[10:35] {Threei} LADENBERG'S BOVE SAYS WM IS UNLIKELY TO BOOK PROFITS UNTIL MID-2010
[10:36] {Threei} yeah
[10:36] {Threei} profits?
[10:36] {Threei} WM is fighting for dear life
[10:37] {Threei} as if it being around in mid 2010 is a given, lol
[10:39] {Threei} anyone played COIN off .50?
[10:39] {Threei} oil near 100
[10:39] {Threei} will today be the day?
[10:42] {dino} skf stop to 121.01
[10:42] {dino} bstop
[10:43] {Threei} LEH
[10:43] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[10:43] {Threei} - Goldman again rumored as potential acquirer as was heard late on 9/9{GS}
[10:44] {dino} cov 121.01 +2.19
[10:45] {Threei} GM
[10:45] {Threei} pullback to 11.40 for long entry
[10:46] {Threei} mags... if you are interested in trying GOOG
[10:47] {Threei} this pullback is for entry
[10:47] {dino} tighten aapl to 148.48
[10:48] {dino} out aapl +1.28
[10:49] {magoo} wghere vad??
[10:49] {Threei} ugh
[10:49] {magoo} yeah..my bad
[10:49] {Threei} near 416 was it
[10:50] {magoo} any read AAPL boss?
[10:50] {dino} hmmmmmmmmmmmmmmmm, no takers
[10:50] {Threei} dino plays it perfectly
[10:51] {Threei} I am not very keen on it
[10:51] {Threei} hate that it's deeply in red while market just went green
[10:53] {magoo} feels different today...liker it wants to go green imo
[10:53] {dino} i guess the world survives
[10:54] {Threei} today at least
[10:54] {Threei} maybe GS will save the day by buying this LEH pos?
[10:54] {dino} ilmn stop to .39, micc to .35
[10:55] {dino} rate things are going, gs will be the only one left
[10:55] {dino} out micc, slipped +.37
[10:57] {Threei} BRCM worked off .90
[10:57] {Threei} let's see if market spekins from here
[10:57] {Threei} 22 is not decent support for entry
[10:58] {Threei} spekins?
[10:58] {Threei} sigh
[10:58] {dino} out ilmn .40 +.40
[10:59] {dino} meli
[10:59] {Threei} OK{ I just reread above... disregard it all, let me try again
[10:59] {Threei} 22 is now decent support for entry if market spikes off this pullback
[10:59] {Threei} there
[10:59] {Threei} here is spike
[10:59] {magoo} must admitt..i was confused .....as usual
[10:59] {Threei} wel, this time it was my fault
[11:05] {Threei} feel free to take scalp BRCM into next spike
[11:06] {magoo} out .14 TY
[11:06] {magoo} fiull lot
[11:06] {Threei} of course full lot... with a few cents stop
[11:06] {Threei} but hey... I said NEXT spike!! :)
[11:06] {Threei} here it is
[11:06] {Threei} out .21
[11:07] {Threei} my entry was a little off, .06
[11:07] {magoo} shit
[11:07] {magoo} i keep messing it up
[11:13] {Threei} (RU) RUSSIAN PM PUTIN: DISCUSSIONS OF SANCTIONS AGAINST RUSSIA ARE AGAINST THE "SPIRIT OF THE FREE MARKET
[11:13] {Threei} - Says there is no basis for new cold war, Russia does not have imperialist ambitions
[11:14] {dino} neither do i
[11:15] {magoo} vad..goog read??
[11:16] {Threei} no, not here
[11:16] {Threei} feels rather like short
[11:22] {peterg} Russians to invade Canada to protect former citizen
[11:22] {dino} lol
[11:22] {dino} i suppose the irish will invade america too
[11:23] {magoo} canada sends entire armed forces to border.....troop estimates 12 soldiers
[11:24] {magoo} would be 14 but they sent 2 to iuraq
[11:28] {dino} lol
[11:28] {Threei} strange pause
[11:28] {Threei} in the market
[11:29] {Threei} can't tell it's a quiet before sharp up or down
[11:35] {dino} meli, sm l .45
[11:37] {Chaeron} GM all
[11:37] {Threei} chaeron :)
[11:38] {Threei} anyone caught GM pullback?
[11:39] {Chaeron} :)
06[11:39] * Chaeron slaps magoo around a bit with a large trout
[11:41] {Threei} LEH is aiming for 5
[11:41] {Threei} if pulls back to around .70 -.75, would be an entry
[11:44] {Threei} .75 was it
[11:44] {Threei} tried to bid .72, missed
[11:45] {magoo} hey chaerbroil
[11:45] {magoo} be back in hour..gotta go kick a tenants ass
[11:45] {Threei} GOLDMAN SACHS SPOKESPERSON REITERATES THAT IT IS CONTINUING TO DO BUSINESS WITH LEH
06[11:46] * Threei slaps laserdave1 around a bit with a large trout
06[11:47] * Chaeron slaps laserdave1 around a bit with a large trout
[11:48] {dino} v sm skf l .15
[11:51] {Threei} Long Setup: GM 12 break
[11:51] {Threei} .84 stop
[11:51] {dino} stopped -.50
[12:00] {Threei} GM stop to .89
[12:00] {Threei} one more spike should take it to 1:1
[12:01] {Threei} here it is
[12:01] {Threei} scalpers take profit, sane ones sell half
[12:02] {dino} green dji
[12:03] {dino} ilmn sm l .51
[12:03] {Threei} US HOUSE OF REPS TO CONSIDER ENERGY BILL NEXT WEEK
[12:04] {Threei} GM over 1:2
[12:04] {Threei} out in full +.36
[12:04] {Threei} what, no takers?
[12:05] {tomg} i got it vad, ty :)
[12:05] {Threei} whew
[12:05] {jmb} thanks vad
[12:05] {Threei} welcome :)
[12:05] {dino} idcc
[12:06] {Threei} sheesh, 65 cents
[12:06] {Threei} didn't expect THAT much from it
[12:06] {Threei} I mean 70
[12:06] {Threei} I mean 80
[12:07] {Threei} it's not really a big mover usually
[12:07] {Threei} though we would be lucky to get 1:2
[12:08] {Threei} CNBC'S GASPARINO DENIES RUMOR THAT GOLDMAN HAS CUT OFF BUSINESS WITH LEH
[12:13] {dino} meli stop to b/e
[12:13] {dino} stopped
[12:24] {dino} ilmn stop to .89
[12:27] {dino} to .98
[12:31] {Threei} Short Setup: AIG 14.99 if stays under 15.15
[12:31] {dino} out slip to .92, +.41
[12:34] {dino} ttwo
[12:34] {Threei} LEH spike
[12:34] {Threei} REPORTEDLY IN TALKS WITH POTENTIAL ACQUIRERS - UNCONFIRMED REPORT
[12:35] {Threei} lol
[12:36] {Threei} - Spokesperson declines comment
[12:36] {Threei} poor LEH spokesperson these days
[12:36] {peterg} I offered a sum of money to Richard S. Fuld, Jr. Wating for response
[12:37] {Threei} I don't think your $5 bid is going to cut it peter... I submitted $10
[12:37] {Threei} but I feel I may be overpaying
[12:37] {peterg} darn
[12:39] {Threei} LEH spokesperson probably says no comment when asked by a spouse "scrambled or over easy?"
[12:40] {dino} tktm
[12:41] {Threei} GOLDMAN SACHS REPORTEDLY NOT PURCHASING LEH - UNCONFIRMED REPORT
[12:41] {Threei} {GS}
[12:42] {dino} micc sm l .95
[12:43] {Threei} your head spinning yet from the barrage of LEH rumors, assumptions, denials and incinuations?
[12:44] {dino} me?, not really watching it
[12:45] {Threei} interestingly enough, stock itself almost stopped reacting on them
[12:46] {dino} fnm and fre approaching their lifetime lows, lol
[12:56] {GeoArb} hi all
[12:57] {Threei} Geo :)
[12:57] {GeoArb} got back from DC on red eye
[12:58] {peterg} Hey geo--hows the prez?
[12:58] {GeoArb} dunno... was stuck in FDA 3 days
[12:58] {GeoArb} god to see green treese for a change though
[12:58] {peterg} well hope you had some good drugs then
[12:59] {GeoArb} :)
[12:59] {Threei} lol
[13:05] {dino} geo is in the house
[13:05] {GeoArb} hope you guys made a lot of money :)
[13:05] {dino} :)
[13:06] {Threei} LEH
[13:06] {Threei} FUND MANAGER NOTES THAT THE FIRM OFFERED $340M IN OVERNIGHT COMMERCIAL PAPER (75% ALREADY SOLD), BUT NO TERM COMMERCIAL PAPER
[13:09] {Threei} Short Setup: LEH 4.45 if stays below .55
[13:12] {Threei} 1:1
[13:12] {Threei} half cover
[13:12] {Threei} scalpers are scalpers
[13:15] {Threei} if you are holding half, stop to .51
[13:15] {Threei} and to .46 once it's under .30
[13:15] {Threei} LEH
[13:15] {Threei} MORGAN STANLEY WITHDRAWS RATINGS ON FIRM DUE TO MARKET UNCERTAINTY
[13:15] {Threei} thank you MS
[13:17] {dino} tktm getting interesting
[13:18] {dino} sm l .11
[13:20] {dino} too soon stopped -.33
[13:23] {magoo} bbbbbbbaaaaaaaaacccccccclllllllllkkkkkkkkkkk
[13:25] {Threei} missed two wins...
[13:26] {magoo} sigh
[13:26] {magoo} had to go though
[13:28] {dptl} finishing early...have a good rest of the day all...see ya tomorrow :)
[13:28] {Threei} take care dp :)
[13:31] {dino} later dp
[13:49] {magoo} vad, what u stalking??
[13:50] {Threei} torn between caviar and crab meat
[13:51] {dino} chicken wings
[13:55] {Threei} AIG .72 long if stays above .60
[14:00] {Threei} *AUG MONTHLY BUDGET STATEMENT: -$111.9 V -$108BE
[14:00] {Threei} lol... market doesn't care anymore
[14:06] {Threei} US HOUSE SPEAKER PELOSI: AIMING TO COMPLETE THE AUTO INDUSTRY LOAN BILL BEFORE THE END OF THE CURRENT CONGRESSIONAL SESSION
[14:06] {Threei} - Pelosi notes that the market impact of Lehman will also determine whether the government rescue is needed.{F GM}
[14:07] {dino} hod
[14:07] {Threei} {LEH} if you are going to save me like you did BSC...
[14:09] {Chaeron} I say relegate it to the pink sheets
[14:18] {Threei} NQ looks like preparing for another upward spike
[14:18] {Threei} RIMM is to follow if happens
[14:19] {Threei} .75 break would be a trigger
[14:20] {Threei} GOOG new high
[14:20] {Threei} should help
[14:23] {Threei} not much following RIMM...
[14:23] {Threei} expected to break 108 by now
[14:23] {Threei} anyway, stop under .50
[14:24] {Threei} finally
[14:35] {magoo} wow RIMM
[14:35] {Threei} hmm?
[14:36] {Threei} was it something someone said? :)
[14:36] {Threei} don't see any news
[14:37] {Threei} CEO:BLACKBERRY BOLD RELEASE EXPECTED IN OCT DUE TO AT&T NETWORK ISSUES -CNBC COMMENTS
[14:37] {Threei} sounds like non-issue to me
[14:42] {dino} meli sm l .02 stop .82
[14:44] {Threei} SAUDI ARABIA: NO PLANS TO CUT OUTPUT UNLESS CUSTOMER DEMAND DECLINES - INTERVIEW COMMENTS
[14:44] {Threei} - Note this morning a Saudi Oil official noted that Saudia Arabia would meet demand and that the policy remains unchanged by the decision made by OPEC on Sep 9{USO}
[14:45] {Threei} FED'S KOHN: CHANGE TO SAFER FINANCIAL SYSTEM WILL TAKE TIME, RESTRAINT ON CREDIT STILL EXISTS, LENDERS NEED TO BUILD CAPITAL BUFFERS TO AVOID MORAL HAZARD DUE TO LIQUIDITY
[14:46] {Threei} RIMM agrees about non-issue
[14:58] {dino} micc stopped -.20
[15:00] {dino} tighten meli to .92
[15:06] {Threei} oil 100.67
[15:16] {Chaeron} .
[15:16] {Chaeron} LEH
[15:16] {Threei} itching to short it
[15:16] {Chaeron} yeah
[15:17] {Threei} you just never know when another barrage of headlines appears
[15:17] {Threei} too many of those on it
06[15:17] * Threei slaps laserdave1 around a bit with a large trout
06[15:18] * Chaeron slaps laserdave1 around a bit with a large trout
[15:18] {Threei} tell us whether LEH is good short
[15:18] {Chaeron} YOU WILL TELL US NOW!!!
[15:19] {dino} meli stop to .24
[15:21] {Threei} MER
[15:21] {Threei} .49 short
[15:22] {Threei} .61 stop
[15:24] {Onix} ss in @ .49
[15:24] {Onix} MER
[15:24] {Threei} 1:1
[15:24] {Threei} half cover
[15:26] {peterg} out MER +.10
[15:26] {peterg} ty
[15:26] {dino} gj
[15:26] {Threei} LEH is about to lose 4
[15:26] {Onix} ty Vad, 13 + 23
[15:26] {dino} out meli .36, +.34
[15:27] {magoo} out here .26 TY vad
[15:27] {Threei} wtg guys
[15:27] {jmb} thanks
[15:27] {Onix} you're the MAN!
[15:27] {Threei} welcome
[15:27] {dino} calling it a day, have to coach son's baseball team
[15:27] {Threei} nice finish for the day
[15:27] {Threei} started out sloppy
[15:27] {Threei} then picked up
[15:28] {Threei} 3rd good day in a row
[15:28] {GeoArb} booohoohoo :(
[15:28] {GeoArb} missed 3 good days
[15:28] {magoo} vad i reshorted .12
[15:28] {Threei} so what... you saw green trees
[15:28] {GeoArb} ouch
[15:29] {Threei} I knew you were a closet tree hugger
[15:29] {Threei} all californians are
[15:29] {peterg} what color are geo's trees?
[15:29] {Threei} only chaeron doesn't admit it
[15:29] {GeoArb} dried up and brown
[15:29] {magoo} cover .93
[15:29] {Threei} good one mags
[15:29] {Threei} LEH, mama mia
[15:29] {magoo} feels lower boss
[15:30] {Threei} -45% or so... just another day on Wall Street
[15:32] {GeoArb} woooo LEH
[15:32] {cosmo} LULU maybe
[15:32] {Threei} Lulu... Zizi...
[15:32] {Threei} Mopassan novel
[15:32] {Threei} or how you spell him
[15:33] {cosmo} gee...understatement...
[15:33] {Threei} lol
[15:35] {peterg} Guy de Maupassant? pissant?
[15:36] {GeoArb} lulululululu
[15:36] {Threei} is that how you spell him?
[15:36] {peterg} close
[15:36] {Threei} OK... when I learn to spell La Roshfuko, I'll be the king of spelling
[15:37] {peterg} google sez yes to spelling
[15:37] {Threei} google not much help... it gave me fine hits on Mopassan as well :)
[15:40] {peterg} Mopassan in polish & other english character slavic tongues
[15:40] {peterg} wish we had cyrillic
[15:40] {Threei} no you don't
[15:40] {peterg} nyet?
[15:40] {Threei} nyet
[15:41] {peterg} love the zhzh character
[15:41] {Threei} yeah, and there are more of that kind
[15:41] {peterg} shsh
[15:41] {peterg} e.g.
[15:41] {peterg} shch
[15:43] {Threei} .84 starts looking like another LEH short trigger
[15:43] {Threei} keep it small
[15:43] {Threei} too close to eod
[15:43] {Threei} who know
[15:43] {Chaeron} dave does
06[15:43] * Threei slaps laserdave1 around a bit with a large trout
[15:43] {Chaeron} he's not talking tho
[15:49] {Threei} wow
[15:50] {Threei} UAUA
[15:50] {Threei} SEC BEGINS INQUIRY INTO STOCK DROP EARLIER THIS WEEK
[15:52] {Threei} no worky
[15:56] {Threei} wow
[15:56] {Threei} news?
[15:56] {GeoArb} BAC IN TALKS TO BUY COMPANY - WSJ
[15:56] {Threei} BAC IN TALKS TO BUY COMPANY - WSJ
[15:56] {GeoArb} leh
[15:57] {Threei} [15:17] {Threei} you just never know when another barrage of headlines appears
[15:57] {Threei} [15:17] {Threei} too many of those on it
[15:59] {Threei} THOUGH DEAL IS STILL FAR FROM A CERTAINTY - WSJ CITING SOURCES
[16:00] {Onix} Thank you for a good trading day Vad ... a good afternoon & evening to you & all
[16:00] {peterg} see you all tomorrow
[16:00] {Threei} thank you all
[16:00] {magoo} good night all
[16:00] {Threei} have a good evening, see you tomorrow
[08:29] {magoo} morning
[08:35] {Threei} Good morning
[08:35] {magoo} morn vad
[08:35] {magoo} man LKEH sold down to 7 last nite
[08:35] {magoo} lkeh
[08:35] {magoo} sigh
[08:35] {magoo} LEH
[08:36] {Threei} dove under 7 earlier today too
[08:36] {Threei} don't know why it's recovering now
[08:36] {magoo} i just took some aapl here long
[08:36] {magoo} should bounce
[08:37] {Threei} CZECH REPUBLIC REPORTEDLY APPROVES AGREEMENT WITH US FOR MISSILE BASE FORCES
[08:37] {Threei} how about that OPEC cut
[08:37] {magoo} hh?
[08:37] {Threei} all day yesterday each members separately said no cut
[08:37] {Threei} then all together, except Saudis, they voted to cut
[08:38] {Threei} obviously the way they talk business
[08:38] {magoo} :)
[08:38] {magoo} rimm up 3
[08:39] {magoo} new product today
[08:39] {magoo} oposite affect from aapl
[08:39] {esemde} good morning....
[08:39] {Threei} ese :)
[08:41] {esemde} Got my new timetable yesterday.....I may not be joining you on Tuesdays and thursdays until late January until first semester is over
[08:41] {esemde} this is a drag
[08:41] {magoo} sorry to hear
[08:42] {esemde} Yes I have to be out of the house very early to do morning band at another school those days
[08:42] {Threei} :(
[08:42] {esemde} indeed
[08:46] {Threei} C
[08:46] {Threei} CITI REPORTS EXPOSURE TO FANNIE AND FREDDIE AT $50M AS OF SEPT 8TH, SEES RELALTED PRETAX CHARGE OF $450M - FILING
[08:46] {magoo} imcl news vad
[08:46] {Threei} issues statement
[08:47] {Threei} no statement itself yet
[08:49] {peterg} hi
[08:49] {Threei} peter :)
[08:49] {Threei} ok, IMCL
[08:49] {Threei} Statement informs Bristol-Myers Squibb Company that following the Special Committee's review and discussion, and based upon the advice it received from its advisors, the Special Committee has determined that the unsolicited offer that ImClone received from Bristol-Myers to acquire ImClone for $60 per share in cash is inadequate.
[08:49] {Threei} Mr. Icahn also announced he has had several conversations with the Chief Executive Officer of a large pharmaceutical company. pharmaceutical company has submitted a proposal, subject to due diligence, but not subject to financing, to acquire ImClone for $70 per share in cash.
[08:52] {Threei} OK, this is quite worthy 1 min of your time
[08:52] {Threei} http://tinyurl.com/6k39bg
[08:54] {magoo} holy crap...i want to apply for that job
[08:55] {Threei} I don't... I would issue "short the crap out of it" recommendation and get fired on a spot
[08:55] {Threei} or taken out the back door and shot
[08:56] {magoo} news SSL
[08:57] {Threei} nope
[08:57] {fernp} Good morning all
[08:58] {Threei} fern :)
[08:58] {Threei} ok, why this pos LEH is rising
[08:58] {Threei} for all we know it should have been trading at 5 already
[09:00] {magoo} i know announce loss 3.9 BILLION
[09:00] {Onix} good morning all
[09:00] {Threei} cut dividends by 95% (as if it has any business paying them at all)
[09:00] {Threei} Onix :)
[09:00] {Threei} and negotiations with KDB ended
[09:01] {magoo} KGB??
[09:01] {Threei} they announced also some restructuring plan
[09:02] {magoo} would u explain to me briefly market fair value in pre mkt
[09:03] {Threei} yes
[09:03] {magoo} i dont get it..say mkt up 76..fair value 9
[09:03] {Threei} bs concept that has no slightest ground in reality
[09:03] {Threei} brief enough?
[09:03] {magoo} yep..i can understand it
[09:04] {Threei} http://www.investopedia.com/terms/f/fairvalue.asp
[09:04] {Threei} the futures market, fair value is the equilibrium price for a futures contract. This is equal to the spot price after taking into account compounded interest (and dividends lost because the investor owns the futures contract rather than the physical stocks) over a certain period of time.
[09:04] {Threei} The "fair value" quoted on TV refers to the relationship between the futures contract on a market index and the actual value of the index. If the futures are above fair value then traders are betting the market index will go higher, the opposite is true if futures are below fair value.
[09:04] {dino} gm all
[09:04] {Threei} dino :)
[09:05] {magoo} ty
[09:09] {dino} let's see if i understand C, they have $50 million exposure as of the 8th, w/a $450 million write-off. seems to me that they had a $500 million exposure as of the 7th. and the $50 million remaining will be worthless. nice going again guys.
[09:09] {magoo} vad, news AAPL
[09:09] {dino} i suppose bonuses are in order
[09:10] {magoo} u can learn all this at ...www.dinospeakthelanguage.com
[09:11] {Threei} that's how I understood it as well dino
[09:11] {magoo} did u go to his website vad?
[09:11] {Threei} should I?
[09:11] {dino} bottom line, they made another 1/2 billion mistake
[09:12] {dino} c'mon, who is in charge of these idiot mistakes, fire them.
[09:14] {cosmo} ERIC
[09:14] {Threei} LEH CEO: SEES NO LARGE WRITEDOWNS IN COMMERCIAL REAL ESTATE DIVISION - CONF CALL
[09:16] {cosmo} IMCL
[09:18] {cosmo} pulls back from 71 pre mkt high
[09:26] {_csepulve33} good morning
[09:26] {Threei} csepulve :)
[09:30] {Threei} itching to short the crap out of LEH
[09:30] {Threei} will probably let the dust settle first
[09:31] {judijim} good morning all
[09:31] {Threei} jj :)
[09:32] {Threei} something doesn't look right about it
[09:33] {magoo} we know it can get into 6 area
[09:33] {Threei} yeah... what I don't understand is why it's still not there
[09:33] {Threei} COIN
[09:34] {magoo} maybe now
[09:34] {magoo} not in..just saying
[09:34] {Threei} if 6.75 gets taken, very risky long
[09:34] {Threei} with a good chance of going over 7
[09:36] {Threei} should break now
[09:38] {magoo} mkt not helping
[09:38] {magoo} not in
[09:40] {Threei} I guess I was being too careful on LEH
[09:40] {Threei} should have given in to that itch
[09:40] {magoo} me too
[09:40] {magoo} we should have done 300 shares
[09:41] {magoo} l aapl 300 sh.80-
[09:41] {magoo} 149.80
[09:41] {magoo} moving fast hard to post
[09:42] {esemde} hmmmmm just taking a look at the beating ESLR has taken.....interesting
[09:44] {esemde} CSIQ same...
[09:44] {esemde} gonna be bounce time soon
[09:45] {magoo} everything is ES
[09:45] {Threei} COIN 7
[09:45] {Threei} half out at least
[09:45] {esemde} to bad i don't have a crap load of money right now
[09:45] {magoo} nice vad
[09:45] {Threei} scalpers be happy
[09:45] {magoo} cover aapl .49
[09:45] {magoo} out
[09:46] {magoo} not easy
[09:50] {esemde} lots of solar stocks on the euphoria screen
[09:50] {magoo} l 100 shares goog
[09:50] {dino} stalking skf
[09:50] {magoo} 200 bux stop
[09:51] {magoo} 420.95
[09:52] {dino} v sm s skf .19 wide
[09:52] {magoo} looking for points
[09:52] {dino} y
[09:53] {dino} theres 1
[09:53] {magoo} i meant my goog
[09:53] {dino} opps
[09:54] {Threei} Long Setup: FNM 1.16 for a scalp type 1, if stays above .10
[09:55] {magoo} stopped anyway TECH SUYX
[09:57] {dino} v sm aapl l .30 wide
[09:59] {dino} afam sm l .24
[10:04] {dino} aapl stop to .50
[10:04] {magoo} ty dino took aapl and cut 151.27
[10:04] {magoo} point
[10:05] {Threei} pains me to say
[10:05] {Threei} but LEH is long on .50 break
[10:05] {magoo} i hope it doesn't pain my acct he he
[10:06] {Threei} invalidated
[10:06] {Threei} {--- feeling relief
[10:06] {esemde} long AMGN .80
[10:07] {esemde} stop .70 aggressive
[10:07] {esemde} entry
[10:07] {dino} cov skf .60, +.60
[10:07] {dino} .59
[10:08] {magoo} feel this
06[10:08] * magoo slaps Threei around a bit with a large trout
[10:08] {Threei} hmmm
[10:08] {dino} too soon
[10:09] {magoo} ponder this
06[10:09] * magoo slaps Threei around a bit with a large trout
[10:09] {Threei} sigh
[10:09] {dino} aapl to .48
[10:09] {magoo} sigh over this
06[10:09] * magoo slaps Threei around a bit with a large trout
[10:09] {Threei} lol
[10:10] {esemde} come on......give it the push to 62
[10:10] {Threei} next will be laugh over this?
[10:10] {dino} out aapl .48, +2.18
[10:10] {magoo} indeed'
[10:11] {esemde} agressive this morning mags....just like my AMGN entry
[10:13] {dino} afam stop to .09
[10:13] {esemde} thought about CELG bounce as a dino tribute but went with AMGN
[10:14] {dino} why thank you
[10:14] {esemde} thats it amgn....thats it
[10:15] {Threei} ESLR
[10:15] {Threei} CFO NOTES IN TALKS TO POTENTIALLY LICENSE NEW TECHNOLOGY
[10:16] {dino} dino announces in talks w/magoo over lunch
[10:17] {Threei} demand him to serve fish dino
[10:17] {Threei} he has abundance of it this morning
[10:18] {magoo} fish????
[10:18] {Threei} there goes
[10:18] {dino} afam stopped slipped .00 -.24
06[10:18] * magoo slaps Threei around a bit with a large trout
06[10:18] * magoo slaps patience around a bit with a large trout
[10:20] {esemde} AMGN stop to .80 break even
[10:21] {Threei} Short Setup: LEH 8.15 half lot
[10:21] {Threei} if stays below .25
[10:21] {esemde} don't need it out Amgn 62
[10:22] {Threei} good one ese
[10:22] {esemde} that was 3/4 lott by the way
[10:22] {esemde} tks
[10:22] {Threei} LEH over 1:1 quickly
[10:23] {peterg} out LE + .10 tks
[10:23] {esemde} me thinks AMGN is going to explode over 62 also
[10:23] {Threei} WM looks like another short candidate, missed breakdown of 3 earlier
[10:23] {Threei} maybe bounces for us
[10:23] {Threei} LEH 1:2
[10:25] {Threei} 1:3
[10:25] {Threei} if market downticks fast, WM short 2.80
[10:27] {dino} avav
[10:28] {magoo} man vad..if LEH loses low it will crash
[10:29] {Threei} yeah... but let's short it leg by leg
[10:29] {magoo} u out?
[10:29] {Threei} don't want to oversit
[10:29] {Threei} at 1:2, yes
[10:29] {magoo} ok
[10:29] {Threei} 1:3 was an icing on a cake that I missed
[10:30] {Threei} oil inventories soon
[10:30] {Threei} in 5 min
[10:30] {_csepulve33} it seems to be a choppy day
[10:30] {Threei} sure is
[10:35] {Threei} DOE CRUDE: -5.8M V -4ME; GASOLINE: -6.4M V -4.5ME;
[10:35] {Threei} DISTILLATES: -1.25M V -2.2ME;
[10:36] {dino} v sm l .70, stop lod
[10:36] {dino} afam sm l .62 last try
[10:37] {Threei} oil is so toast
[10:40] {cosmo} hmm...a biofuel
[10:41] {Threei} WM stop for scalpers is .86, for a bit longer hold .93
[10:47] {Threei} scalpers have 1:1
[10:48] {cosmo} STLD might have bottomed...on the daily ...dunno
[10:48] {cosmo} 21.19=hod
[10:48] {cosmo} should hold 21
[10:48] {Threei} longer holders have 1:1
[10:49] {dino} avav sm s .12, risky
[10:49] {Threei} feel free to cover WM as you see fit
[10:49] {Threei} it looks like more downside in cards
[10:49] {Threei} but let's manage risk
[10:50] {Threei} 22 cents already on $2 stock
[10:50] {Threei} allowing for any size of lot, lol
[10:50] {Threei} you can get a fill for 5K, 10K, whatever
[10:52] {Threei} out in full WM here
[10:52] {Threei} will look to reshort if bounces
[10:52] {Threei} +.33 on last portion
[10:52] {dino} gj
[10:52] {Threei} am I alone here?
[10:52] {Threei} ah, ty dino
[10:53] {dino} avav bstop to b/e
[10:53] {Threei} not much of a bounce eh?
[10:54] {dino} skf hod
[10:55] {dino} lots of red on "my" scanner fwiw
[10:55] {Threei} 2.60 closest WM resistance
[10:57] {dino} v stopped -.45
[10:59] {dino} avav bstop to .62
[11:08] {Threei} Short Setup: CIEN .35 if stays under .45
[11:10] {Threei} LEH
[11:10] {Threei} ASSET MANAGEMENT ASSETS BIDS ARE REPORTEDLY DUE ON FRIDAY - UNCONFIRMED REPORT
[11:11] {Threei} if you shorted WM near .60, half out here
[11:11] {dino} i don't think magoo will have the numbers together by friday
[11:11] {Threei} lol
[11:12] {dino} avav to .41 bstop
[11:12] {dino} cov slipped .48 ave. +..64
[11:14] {dino} partial fill itri l .41
[11:14] {dino} eqix ouch
[11:17] {dino} v rinse
[11:22] {magoo} l goog 100 shares....64
[11:22] {magoo} looking for multi platitudes
[11:23] {magoo} vad..is there goog news recent??
[11:23] {Threei} 11:14am [DT] Reportedly T-Mobile unit will shortly begin selling cell phones based on Google's Android platform - unconfirmed report
[11:24] {magoo} and thats bad?
[11:24] {Threei} that's not much
[11:26] {magoo} stopped again ..0 for 2
[11:27] {Threei} fighting trend
[11:27] {Threei} techs are in dire straits
[11:28] {dino} v sm eqix l .99
[11:28] {dino} wide
[11:29] {Chaeron} solf
[11:29] {Chaeron} Good morning all
[11:29] {Threei} chaeron :)
[11:30] {dino} gm
06[11:31] * magoo slaps Chaeron around a bit with a large trout
[11:41] {magoo} i was dishing them out earlier chae
[11:42] {Chaeron} thanks man... you know how I feel about beeing left out...
[11:42] {magoo} i do
[11:57] {dino} eqix stop to .74
[11:57] {dino} afam stop to .19
[11:59] {dino} out eqix slip .72, +1.73
[11:59] {dino} afam to .28
[12:01] {magoo} vad..what u watching??
[12:02] {Threei} not much to watch, market went dead
[12:02] {magoo} could be some shorts if IF mkt falls
[12:02] {Threei} still holding CIEN short
[12:02] {magoo} in where? {i was on phone..sorry}
[12:02] {Threei} and half WM
[12:03] {Threei} .37
[12:03] {magoo} so am i chasing ? {lol}
[12:03] {Threei} CHRYSLER NOTES IT IS MAKING GOOD PROGRESS ON DEVELOPMENT OF ELECTRIC CAR - SPOKESPERSON
06[12:04] * Threei slaps laserdave1 around a bit with a large trout
[12:04] {dino} tough crowd when 1.73 doesn't get ya noticed
06[12:04] * Chaeron slaps laserdave1 around a bit with a large trout
[12:04] {Threei} nothing does dino
[12:04] {Threei} total sleep
[12:04] {Threei} don't know why I even bother
[12:04] {Chaeron} shoot... missed that.... HUGE dino
06[12:05] * laserdave1 slaps Threei around a bit with a large trout
06[12:05] * laserdave1 slaps Chaeron around a bit with a large trout
06[12:05] * laserdave1 slaps Chaeron around a bit with a large trout
[12:05] {Chaeron} you put some in my acct, right?
06[12:05] * laserdave1 slaps Chaeron around a bit with a large trout
06[12:05] * laserdave1 slaps magoo around a bit with a large trout
[12:06] {Chaeron} honored you hate me more Dave :))
[12:07] {dino} indeed i did chaeron, the bill for commission
[12:07] {dino} afam stop to .45
[12:08] {dino} to .62
06[12:09] * magoo slaps laserdave1 around a bit with a large trout
06[12:10] * magoo slaps laserdave1 around a bit with a large trout
[12:12] {esemde} signing off all....have a great rest of the day
[12:13] {dino} out afam .64, +1.02
[12:14] {magoo} bye es
[12:15] {Threei} take care ese
[12:26] {Threei} SENATOR CORNYN ISSUES CALL FOR A CRIMINIAL PROBE OF FRE AND FNM
[12:26] {Threei} {FRE FNM}
[12:28] {cosmo} = ENE x 1000
[12:29] {cosmo} 10,000 maybe....
[12:31] {dino} vltr
[12:45] {dino} itri stop to .97
[12:45] {Threei} LEH is getting hit again
[12:47] {magoo} sh rimm .62 now..very small
[12:48] {dino} out itri .97 ave., +.57
[12:56] {Threei} IRAN SAYS IT IS HOLDING TAKS TO EXPAND CASPIAN OIL PIPELINE TO 500 BPD
[12:56] {Threei} - Notes it is ready to build a refinery on the Caspian Sea.{USO}
[12:56] {magoo} why all sudden nicey nice..afraid of U.S going to new technologies i guess
[12:57] {magoo} covered RIMM sh flat..i need to go get lunch
[12:58] {dino} afraid of natural gas, usa has discovered enough for 120+ years in the shale zones
[12:58] {dino} brb
[13:02] {laserdave1} dino when u see this?
[13:03] {laserdave1} is thta true abotu natural gas?
[13:04] {laserdave1} UNG has been hit so hard its crazy over last few months
[13:04] {Threei} woew
[13:04] {Threei} what happened with LEH?
[13:05] {Threei} CNBC'S GASPARINO: LEH IS PURSUING ALL ALTERNATIVE OPTIONS INCLUDING SALE OF ENTIRE COMPANY
[13:05] {Threei} that's all?
[13:05] {Threei} wasn't it said in the morning?
[13:05] {Threei} CNBC jokeys...
[13:12] {magoo} i really really like rimm short
[13:18] {magoo} not in..it will require mkt to retreat
[13:19] {dino} gotta hop for a bit, show a house, back later i think
[13:19] {dino} if not, thx all, very good day
[13:20] {Threei} gj
[13:31] {magoo} whats "gj"?
[13:32] {Threei} no idea
[13:32] {Threei} I just see people saying that
[13:32] {magoo} i was trying to get u say it..then i say thanx lol
[13:34] {Threei} lol
[13:34] {Threei} CIBC Rubin lowered his oil forecats to 115
[13:34] {Threei} called 200 earlier
[13:34] {Threei} sounds like that C targets for FNM
[13:35] {magoo} wheres oil now
[13:35] {Threei} some in tankers... some still in the ground... hard to generalize
[13:36] {Threei} REPORTEDLY TWO RUSSIAN STRATEGIC BOMBERS HAVE LANDED IN VENEZUELA
[13:36] {Threei} - reminder: over the weekend, Venezuela and Russia announced they would conduct joint naval exercises in Nov
[13:36] {magoo} u gonna get some fish oil if u dont amnswer
[13:37] {Threei} 102.88
[13:37] {Chaeron} I got some in my driveway magoo
[13:44] {magoo} sh rimm .91 103.91 small risky
[13:45] {magoo} stop .21
[13:45] {magoo} should follw aapl somewhat
[13:46] {magoo} thinking at least 1 pt
[13:52] {Threei} beauty mags
[13:52] {magoo} ty stop too .65
[13:54] {magoo} covererd here
[13:54] {magoo} mkt bounce
[13:54] {magoo} + .50
[13:54] {Threei} wtg
[13:56] {magoo} still stalkibng it
[13:56] {magoo} if mkt fallds it should..i say..should{who knows} fall
[13:57] {magoo} all other techs have given back..goog..bidu..aapl
[13:59] {magoo} sh again .33
[14:01] {magoo} no go ythis time
[14:02] {laserdave1} goog 52 week low about 412.10
[14:02] {laserdave1} just below it now
[14:03] {Threei} looks ready for flush
[14:03] {Threei} flushing
[14:03] {Threei} flushing
[14:04] {Threei} flushed
[14:04] {Threei} traded GOOG first time in a
[14:04] {Threei} ummm
[14:04] {magoo} nice read vad..2 pts u got
[14:04] {Threei} ever?
[14:05] {Threei} no... ot ever... but in a very long time
[14:06] {Threei} COIN day high again
[14:06] {magoo} i remember u and i hitting it way back in the day
[14:06] {Threei} your memory is better
[14:19] {laserdave1} financials really ripping
[14:19] {laserdave1} might squeeze this market
[14:19] {laserdave1} was there any news out
[14:19] {laserdave1} LEH bullish
[14:19] {laserdave1} market full reversal
[14:23] {laserdave1} if bid bac gets to 33 i will go long small shares
[14:24] {Threei} ABK .36 long if market spikes again
[14:24] {laserdave1} stop 32.90
[14:25] {laserdave1} leh can have big move up
[14:25] {laserdave1} rip might be coming accross the board
[14:26] {Threei} market hesitates a bit
[14:28] {Threei} wow RIMM
[14:28] {magoo} thats the RIMM run i been looking for last 4 sessions
[14:28] {magoo} but not in long after all the beatingsd it gave mne
[14:29] {Threei} come on market, grow a set
[14:33] {Threei} out ABK .50
[14:33] {magoo} .47 here TY
[14:33] {magoo} oh hey..laser got .48
[14:34] {Threei} hehe
[14:35] {Threei} best day of the month yet
[14:35] {Threei} can you believe half of the room is off?
[14:36] {magoo} what u saying?/theres alot of people logged in
[14:36] {laserdave1} took half out bac
[14:38] {Threei} kenya wants Obama elected
[14:39] {Threei} just so you know
[14:39] {Chaeron} that changed my vote
[14:39] {Threei} I have more information for you but since you already decided
[14:40] {peterg} Obabma so yesterday: Palin is now for now
[14:40] {peterg} pigs & lipstick--wow!
[14:40] {Threei} yeah... one thing bothers me though
[14:40] {peterg} wassat
[14:40] {Threei} I am trying to envision her facing Putin
[14:41] {peterg} across bering staits
[14:41] {peterg} she already did
[14:41] {peterg} the whole race has tanked. in terms of interest
[14:42] {peterg} for some reason
[14:50] {laserdave1} bac big seller at .01
[14:50] {laserdave1} why .01 no idea
[14:50] {laserdave1} if they get him should rip
[14:51] {Threei} WSJ: MINERALS MANAGEMENT SERVICE EMPLOYEES HAVE ACCEPTED GIFTS FROM OIL AND GAS COMPANIES ACCORDING TO THE DEPARTMENT OF THE INTERIOR
[14:51] {Threei} {USO UNG}
[14:51] {Threei} that starts looking like good old USSR
[14:52] {Threei} where only one kind of people didn't take bribes
[14:52] {peterg} I'll bite--who?
[14:52] {Threei} those who weren't offered
[14:52] {peterg} lol
[14:53] {peterg} actually, rofl!
[14:53] {laserdave1} out last half bac when it broke .90
[14:53] {laserdave1} half was good
[14:54] {laserdave1} should of sold all up there
[15:03] {dino} lol
[15:03] {magoo} yes..and can always reenter dave
[15:09] {laserdave1} i got small long on leh
[15:09] {magoo} where?
[15:10] {Threei} on NYSE
[15:10] {Threei} (I assume)]
[15:10] {laserdave1} u mean price?
[15:10] {magoo} THAT DOESIT..u better run
[15:10] {Threei} lol
06[15:10] * magoo slaps Threei around a bit with a large trout
06[15:10] * magoo slaps Threei around a bit with a large trout
06[15:10] * magoo slaps Threei around a bit with a large trout
[15:16] {laserdave1} cmon leh
[15:16] {laserdave1} u can do it
[15:18] {Threei} LEH
[15:18] {Threei} S&P AFFIRMS RATINGS ON WATCH NEGATIVE
[15:18] {Threei} shrug
[15:21] {laserdave1} out leh
[15:21] {laserdave1} not taking chance
[15:22] {laserdave1} tiny tiny loss
[15:28] {Threei} LEH
[15:28] {Threei} MOODY'S PUTS A2 RATING ON REVIEW, DIRECTION UNCERTAIN FOR LONG TERM DUE TO FLUIDITY IN LEH SITUATION
[15:28] {Threei} - Notes the market stress has been pressuring the belief that the firm should be sold
[15:28] {Threei} - Mood's comments on liquidy, believes it to be 'firm'
[15:31] {Threei} LEH
[15:31] {Threei} HEARING DEUTSCHE BANK MAKING POSITIVE COMMENTS (TIMING UNCERTAIN)
[15:31] {Threei} earth is revolving around LEH today
[15:33] {cosmo} checking
[15:35] {dino} dxpe
[15:35] {dino} avav
[15:39] {dino} qsii
[15:39] {Threei} sheesh LEH
[15:40] {laserdave1} LEH getting hammered now
[15:40] {laserdave1} wow
[15:41] {dino} mer, gs too
[15:41] {dino} avav patial fill s .92
[15:46] {dino} got it
[15:46] {laserdave1} they might really put the hurt on LEH
[15:47] {dino} lol, already bleeding badly this week
[15:48] {laserdave1} let see if they add any to the imbalance in 1 and a half minutes from now
[15:51] {Threei} about to lose low
[15:52] {dino} avav bstop to .75
[15:53] {dino} cov .74 +.18
[15:54] {Threei} wow
[15:54] {dino} and thats it for me today. thanks again all.....magoo bring me some grog
[15:55] {magoo} i cant..sh leh
[15:55] {dino} you dog
[15:55] {Threei} from where?
[15:55] {magoo} .41
[15:55] {Threei} half out?
[15:55] {magoo} covered .14]
[15:55] {Threei} and bid 6.90 the rest?
[15:55] {laserdave1} leh bidding 6.82 in case it breaks 7$
[15:56] {dino} gj, now cerveza por favor
[15:56] {Threei} wtg mags
[15:56] {Threei} 7 be gone
[15:57] {magoo} ty had great day
[15:57] {magoo} best in a month
[15:57] {Threei} :)
[15:57] {magoo} and stopping here at my high
[15:57] {peterg} wtg mags
[15:57] {Threei} thank you all, have a great evening
[15:57] {Threei} very nice day, second in a row
[15:57] {peterg} u2 vad, group
[15:57] {Threei} see you tomorrow
[15:58] {magoo} myu new winning streak vad..2 in a row he he
[15:58] {Threei} lol
[15:58] {Threei} 7 tested again
[15:58] {Threei} and lost
[15:58] {magoo} gotta start somewhere
[16:14] {magoo} good nitew all
Session Time: Thu Sep 11 00:00:00 2008
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 445K V 440KE;
[08:30] {Threei} ONTINUING CLAIMS: 3.525M V 3.460ME
[08:30] {Threei} - Prior Initial Jobless Claims revised from 444K to 451K
[08:31] {Threei} *AUG IMPORT PRICE INDEX M/M: -3.7% V -1.8%E; Y/Y: 16.0% V 20.2%E
[08:31] {Threei} JUL US TRADE BALANCE: -$62.2B V -$58.0BE
[08:31] {Threei} - Prior revised from -$56.8B to -$58.8B
[08:35] {Threei} don't look at LEH if you are prone to nightmares
[08:36] {cosmo} LEH: ...spectacular
[08:38] {Threei} MER's next?
[08:39] {cosmo} sure...why not
[08:43] {cosmo} ASML
[08:45] {brian3579} gm all
[08:45] {Threei} brian :)
[08:58] {tomg} good morning
[08:58] {Threei} tom :)
[08:59] {fernp} Good morning all
[08:59] {Threei} fern :)
[08:59] {Threei} 4 is line in the sand for LEH so far
[09:00] {Threei} DEUTSCHE BANK CUTS LEH TO HOLD FROM BUY, CUTS PRICE TARGET TO $11 FROM $28 (TIMING UNCERTAIN)
[09:00] {Threei} - reminder: just two days ago, DB added Lehman to the short term buy list, and yesterday recommended Lehman based on book value.
[09:00] {Threei} - separately, Ladenburg's Bove cuts Lehman price target to $12 from $20.
[09:00] {Threei} CITIGROUP CUTS LEH TO HOLD FROM BUY, PRICE TARGET: $9
[09:00] {Threei} amazing
[09:01] {Threei} stocks drop, analysts trail their targets
[09:01] {Threei} just like they did with FNM
[09:02] {Raven} These idiotic analyst statements bear a lot of resemblence to the crap that comes out of our Congress
[09:02] {Raven} pathetic
[09:02] {Threei} whole debacle is
[09:03] {Threei} was there any bubble in history that was so obviously a bubble?
[09:03] {Threei} heck, even CNBC commentators called it a bubble years ago
[09:03] {Threei} and those guys have never met a bubble they wouldn't hyped as legitimate gain
[09:03] {Raven} sigh
[09:04] {Raven} meanwhile our Presidenticl candidates debate the lipstick issue
[09:04] {Raven} double sigh
[09:04] {Threei} yup... crucially important
[09:05] {Threei} MER clawing its way down
[09:09] {dino} gm all
[09:09] {Threei} dino :)
[09:09] {dino} i guess the only thing that will get this market moving up is for oil to go back to 140
[09:09] {dino} end of days (getting old, imo)
[09:11] {dino} db had to get out of leh, thats why the buy
[09:12] {dino} ok guys/gals, same plan as last thurs., sit back for a bit
[09:14] {dino} watching cme, gs, skf, aapl afam
[09:15] {dptl} good morning all
[09:17] {Threei} dp :)
[09:17] {magoo} jyfyyffyfhfuyk
[09:17] {Threei} lkfotumhkldgs, yeah
[09:17] {Threei} WM under 2
[09:23] {Onix} gm all
[09:25] {Threei} onix :)
[09:26] {cosmo} LULU
[09:28] {Threei} GUIDES Q3 $0.11-0.13 V $0.17E, Q3 SSS MID TO HIGH SINGLE DIGITS
[09:34] {Threei} Long Setup: SIMG 6
[09:35] {Threei} stop under 5.85
[09:36] {Threei} Long Setup: LEH .51, stop .35
[09:38] {Threei} Short Setup: LEH .29 if can't break .50
[09:38] {Threei} SIMG invalidated
[09:41] {dino} lod's
[09:42] {dino} 11040ish last week low dji
[09:42] {judijim} good morning everyone
[09:42] {Threei} jj :)
[09:45] {magoo} man LEH is so fast
[09:49] {Threei} Long Setup: RIMM .50 break
[09:49] {Threei} stop under .30
[09:49] {Threei} invalidated
[09:50] {Threei} LEH no worky
[09:51] {peterg} gm all
[09:51] {Threei} peter :)
[09:52] {dino} sm l micc .95
[09:52] {dino} v sm l aapl .30 wide risky
[09:55] {Threei} shakeout
[09:56] {Onix} ty Vad, .72 in RIMM
[09:57] {Threei} good one onix
[09:58] {Threei} ugh LEH
[10:03] {Threei} what is it market got so happy about?
[10:06] {Threei} Long Setup: RIMM over .20
[10:06] {Threei} stop under 103
[10:06] {magoo} in
[10:07] {Threei} nope
[10:07] {magoo} shit
[10:10] {Roman} COIN on radar
[10:10] {Threei} 7.50 break, same as last setup on it yesterday
[10:10] {Threei} didn't trigger
[10:11] {Roman} WB
[10:11] {Roman} on pullback 13.75
[10:13] {magoo} gettin rinsed everywhere
[10:13] {Roman} in WB
[10:13] {Threei} COIN beauty
[10:13] {Threei} don't oversit though
[10:13] {Threei} volatile one
[10:16] {fernp} short play SNDA Vad?
[10:17] {Threei} .63 if can't break .80
[10:17] {Threei} arg
[10:17] {Threei} missed AIG short
[10:17] {fernp} ty
[10:17] {Threei} .75 was a trigger... got distracted
[10:21] {dino} sm l ilmn .00
[10:23] {Threei} AIG
[10:23] {Threei} EXPOSURE TO FNM AND FRE IS REPORTEDLY APPROX $550-600M - UNCONFIRMED REPORT
[10:26] {Threei} Long Setup: BRCM .16 if stays above 22
[10:29] {Threei} low volume pullback in both NQ and BRCM
[10:29] {Threei} see if NQ spikes, then BRCM becomes an agggressive entry
[10:30] {Threei} AIG getting hit
[10:32] {Threei} 22.01 if holding above .96
[10:34] {dino} v sm risky s skf .20
[10:35] {Threei} NQ is trying
[10:35] {magoo} invalidated?
[10:35] {Threei} LADENBERG'S BOVE SAYS WM IS UNLIKELY TO BOOK PROFITS UNTIL MID-2010
[10:36] {Threei} yeah
[10:36] {Threei} profits?
[10:36] {Threei} WM is fighting for dear life
[10:37] {Threei} as if it being around in mid 2010 is a given, lol
[10:39] {Threei} anyone played COIN off .50?
[10:39] {Threei} oil near 100
[10:39] {Threei} will today be the day?
[10:42] {dino} skf stop to 121.01
[10:42] {dino} bstop
[10:43] {Threei} LEH
[10:43] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[10:43] {Threei} - Goldman again rumored as potential acquirer as was heard late on 9/9{GS}
[10:44] {dino} cov 121.01 +2.19
[10:45] {Threei} GM
[10:45] {Threei} pullback to 11.40 for long entry
[10:46] {Threei} mags... if you are interested in trying GOOG
[10:47] {Threei} this pullback is for entry
[10:47] {dino} tighten aapl to 148.48
[10:48] {dino} out aapl +1.28
[10:49] {magoo} wghere vad??
[10:49] {Threei} ugh
[10:49] {magoo} yeah..my bad
[10:49] {Threei} near 416 was it
[10:50] {magoo} any read AAPL boss?
[10:50] {dino} hmmmmmmmmmmmmmmmm, no takers
[10:50] {Threei} dino plays it perfectly
[10:51] {Threei} I am not very keen on it
[10:51] {Threei} hate that it's deeply in red while market just went green
[10:53] {magoo} feels different today...liker it wants to go green imo
[10:53] {dino} i guess the world survives
[10:54] {Threei} today at least
[10:54] {Threei} maybe GS will save the day by buying this LEH pos?
[10:54] {dino} ilmn stop to .39, micc to .35
[10:55] {dino} rate things are going, gs will be the only one left
[10:55] {dino} out micc, slipped +.37
[10:57] {Threei} BRCM worked off .90
[10:57] {Threei} let's see if market spekins from here
[10:57] {Threei} 22 is not decent support for entry
[10:58] {Threei} spekins?
[10:58] {Threei} sigh
[10:58] {dino} out ilmn .40 +.40
[10:59] {dino} meli
[10:59] {Threei} OK{ I just reread above... disregard it all, let me try again
[10:59] {Threei} 22 is now decent support for entry if market spikes off this pullback
[10:59] {Threei} there
[10:59] {Threei} here is spike
[10:59] {magoo} must admitt..i was confused .....as usual
[10:59] {Threei} wel, this time it was my fault
[11:05] {Threei} feel free to take scalp BRCM into next spike
[11:06] {magoo} out .14 TY
[11:06] {magoo} fiull lot
[11:06] {Threei} of course full lot... with a few cents stop
[11:06] {Threei} but hey... I said NEXT spike!! :)
[11:06] {Threei} here it is
[11:06] {Threei} out .21
[11:07] {Threei} my entry was a little off, .06
[11:07] {magoo} shit
[11:07] {magoo} i keep messing it up
[11:13] {Threei} (RU) RUSSIAN PM PUTIN: DISCUSSIONS OF SANCTIONS AGAINST RUSSIA ARE AGAINST THE "SPIRIT OF THE FREE MARKET
[11:13] {Threei} - Says there is no basis for new cold war, Russia does not have imperialist ambitions
[11:14] {dino} neither do i
[11:15] {magoo} vad..goog read??
[11:16] {Threei} no, not here
[11:16] {Threei} feels rather like short
[11:22] {peterg} Russians to invade Canada to protect former citizen
[11:22] {dino} lol
[11:22] {dino} i suppose the irish will invade america too
[11:23] {magoo} canada sends entire armed forces to border.....troop estimates 12 soldiers
[11:24] {magoo} would be 14 but they sent 2 to iuraq
[11:28] {dino} lol
[11:28] {Threei} strange pause
[11:28] {Threei} in the market
[11:29] {Threei} can't tell it's a quiet before sharp up or down
[11:35] {dino} meli, sm l .45
[11:37] {Chaeron} GM all
[11:37] {Threei} chaeron :)
[11:38] {Threei} anyone caught GM pullback?
[11:39] {Chaeron} :)
06[11:39] * Chaeron slaps magoo around a bit with a large trout
[11:41] {Threei} LEH is aiming for 5
[11:41] {Threei} if pulls back to around .70 -.75, would be an entry
[11:44] {Threei} .75 was it
[11:44] {Threei} tried to bid .72, missed
[11:45] {magoo} hey chaerbroil
[11:45] {magoo} be back in hour..gotta go kick a tenants ass
[11:45] {Threei} GOLDMAN SACHS SPOKESPERSON REITERATES THAT IT IS CONTINUING TO DO BUSINESS WITH LEH
06[11:46] * Threei slaps laserdave1 around a bit with a large trout
06[11:47] * Chaeron slaps laserdave1 around a bit with a large trout
[11:48] {dino} v sm skf l .15
[11:51] {Threei} Long Setup: GM 12 break
[11:51] {Threei} .84 stop
[11:51] {dino} stopped -.50
[12:00] {Threei} GM stop to .89
[12:00] {Threei} one more spike should take it to 1:1
[12:01] {Threei} here it is
[12:01] {Threei} scalpers take profit, sane ones sell half
[12:02] {dino} green dji
[12:03] {dino} ilmn sm l .51
[12:03] {Threei} US HOUSE OF REPS TO CONSIDER ENERGY BILL NEXT WEEK
[12:04] {Threei} GM over 1:2
[12:04] {Threei} out in full +.36
[12:04] {Threei} what, no takers?
[12:05] {tomg} i got it vad, ty :)
[12:05] {Threei} whew
[12:05] {jmb} thanks vad
[12:05] {Threei} welcome :)
[12:05] {dino} idcc
[12:06] {Threei} sheesh, 65 cents
[12:06] {Threei} didn't expect THAT much from it
[12:06] {Threei} I mean 70
[12:06] {Threei} I mean 80
[12:07] {Threei} it's not really a big mover usually
[12:07] {Threei} though we would be lucky to get 1:2
[12:08] {Threei} CNBC'S GASPARINO DENIES RUMOR THAT GOLDMAN HAS CUT OFF BUSINESS WITH LEH
[12:13] {dino} meli stop to b/e
[12:13] {dino} stopped
[12:24] {dino} ilmn stop to .89
[12:27] {dino} to .98
[12:31] {Threei} Short Setup: AIG 14.99 if stays under 15.15
[12:31] {dino} out slip to .92, +.41
[12:34] {dino} ttwo
[12:34] {Threei} LEH spike
[12:34] {Threei} REPORTEDLY IN TALKS WITH POTENTIAL ACQUIRERS - UNCONFIRMED REPORT
[12:35] {Threei} lol
[12:36] {Threei} - Spokesperson declines comment
[12:36] {Threei} poor LEH spokesperson these days
[12:36] {peterg} I offered a sum of money to Richard S. Fuld, Jr. Wating for response
[12:37] {Threei} I don't think your $5 bid is going to cut it peter... I submitted $10
[12:37] {Threei} but I feel I may be overpaying
[12:37] {peterg} darn
[12:39] {Threei} LEH spokesperson probably says no comment when asked by a spouse "scrambled or over easy?"
[12:40] {dino} tktm
[12:41] {Threei} GOLDMAN SACHS REPORTEDLY NOT PURCHASING LEH - UNCONFIRMED REPORT
[12:41] {Threei} {GS}
[12:42] {dino} micc sm l .95
[12:43] {Threei} your head spinning yet from the barrage of LEH rumors, assumptions, denials and incinuations?
[12:44] {dino} me?, not really watching it
[12:45] {Threei} interestingly enough, stock itself almost stopped reacting on them
[12:46] {dino} fnm and fre approaching their lifetime lows, lol
[12:56] {GeoArb} hi all
[12:57] {Threei} Geo :)
[12:57] {GeoArb} got back from DC on red eye
[12:58] {peterg} Hey geo--hows the prez?
[12:58] {GeoArb} dunno... was stuck in FDA 3 days
[12:58] {GeoArb} god to see green treese for a change though
[12:58] {peterg} well hope you had some good drugs then
[12:59] {GeoArb} :)
[12:59] {Threei} lol
[13:05] {dino} geo is in the house
[13:05] {GeoArb} hope you guys made a lot of money :)
[13:05] {dino} :)
[13:06] {Threei} LEH
[13:06] {Threei} FUND MANAGER NOTES THAT THE FIRM OFFERED $340M IN OVERNIGHT COMMERCIAL PAPER (75% ALREADY SOLD), BUT NO TERM COMMERCIAL PAPER
[13:09] {Threei} Short Setup: LEH 4.45 if stays below .55
[13:12] {Threei} 1:1
[13:12] {Threei} half cover
[13:12] {Threei} scalpers are scalpers
[13:15] {Threei} if you are holding half, stop to .51
[13:15] {Threei} and to .46 once it's under .30
[13:15] {Threei} LEH
[13:15] {Threei} MORGAN STANLEY WITHDRAWS RATINGS ON FIRM DUE TO MARKET UNCERTAINTY
[13:15] {Threei} thank you MS
[13:17] {dino} tktm getting interesting
[13:18] {dino} sm l .11
[13:20] {dino} too soon stopped -.33
[13:23] {magoo} bbbbbbbaaaaaaaaacccccccclllllllllkkkkkkkkkkk
[13:25] {Threei} missed two wins...
[13:26] {magoo} sigh
[13:26] {magoo} had to go though
[13:28] {dptl} finishing early...have a good rest of the day all...see ya tomorrow :)
[13:28] {Threei} take care dp :)
[13:31] {dino} later dp
[13:49] {magoo} vad, what u stalking??
[13:50] {Threei} torn between caviar and crab meat
[13:51] {dino} chicken wings
[13:55] {Threei} AIG .72 long if stays above .60
[14:00] {Threei} *AUG MONTHLY BUDGET STATEMENT: -$111.9 V -$108BE
[14:00] {Threei} lol... market doesn't care anymore
[14:06] {Threei} US HOUSE SPEAKER PELOSI: AIMING TO COMPLETE THE AUTO INDUSTRY LOAN BILL BEFORE THE END OF THE CURRENT CONGRESSIONAL SESSION
[14:06] {Threei} - Pelosi notes that the market impact of Lehman will also determine whether the government rescue is needed.{F GM}
[14:07] {dino} hod
[14:07] {Threei} {LEH} if you are going to save me like you did BSC...
[14:09] {Chaeron} I say relegate it to the pink sheets
[14:18] {Threei} NQ looks like preparing for another upward spike
[14:18] {Threei} RIMM is to follow if happens
[14:19] {Threei} .75 break would be a trigger
[14:20] {Threei} GOOG new high
[14:20] {Threei} should help
[14:23] {Threei} not much following RIMM...
[14:23] {Threei} expected to break 108 by now
[14:23] {Threei} anyway, stop under .50
[14:24] {Threei} finally
[14:35] {magoo} wow RIMM
[14:35] {Threei} hmm?
[14:36] {Threei} was it something someone said? :)
[14:36] {Threei} don't see any news
[14:37] {Threei} CEO:BLACKBERRY BOLD RELEASE EXPECTED IN OCT DUE TO AT&T NETWORK ISSUES -CNBC COMMENTS
[14:37] {Threei} sounds like non-issue to me
[14:42] {dino} meli sm l .02 stop .82
[14:44] {Threei} SAUDI ARABIA: NO PLANS TO CUT OUTPUT UNLESS CUSTOMER DEMAND DECLINES - INTERVIEW COMMENTS
[14:44] {Threei} - Note this morning a Saudi Oil official noted that Saudia Arabia would meet demand and that the policy remains unchanged by the decision made by OPEC on Sep 9{USO}
[14:45] {Threei} FED'S KOHN: CHANGE TO SAFER FINANCIAL SYSTEM WILL TAKE TIME, RESTRAINT ON CREDIT STILL EXISTS, LENDERS NEED TO BUILD CAPITAL BUFFERS TO AVOID MORAL HAZARD DUE TO LIQUIDITY
[14:46] {Threei} RIMM agrees about non-issue
[14:58] {dino} micc stopped -.20
[15:00] {dino} tighten meli to .92
[15:06] {Threei} oil 100.67
[15:16] {Chaeron} .
[15:16] {Chaeron} LEH
[15:16] {Threei} itching to short it
[15:16] {Chaeron} yeah
[15:17] {Threei} you just never know when another barrage of headlines appears
[15:17] {Threei} too many of those on it
06[15:17] * Threei slaps laserdave1 around a bit with a large trout
06[15:18] * Chaeron slaps laserdave1 around a bit with a large trout
[15:18] {Threei} tell us whether LEH is good short
[15:18] {Chaeron} YOU WILL TELL US NOW!!!
[15:19] {dino} meli stop to .24
[15:21] {Threei} MER
[15:21] {Threei} .49 short
[15:22] {Threei} .61 stop
[15:24] {Onix} ss in @ .49
[15:24] {Onix} MER
[15:24] {Threei} 1:1
[15:24] {Threei} half cover
[15:26] {peterg} out MER +.10
[15:26] {peterg} ty
[15:26] {dino} gj
[15:26] {Threei} LEH is about to lose 4
[15:26] {Onix} ty Vad, 13 + 23
[15:26] {dino} out meli .36, +.34
[15:27] {magoo} out here .26 TY vad
[15:27] {Threei} wtg guys
[15:27] {jmb} thanks
[15:27] {Onix} you're the MAN!
[15:27] {Threei} welcome
[15:27] {dino} calling it a day, have to coach son's baseball team
[15:27] {Threei} nice finish for the day
[15:27] {Threei} started out sloppy
[15:27] {Threei} then picked up
[15:28] {Threei} 3rd good day in a row
[15:28] {GeoArb} booohoohoo :(
[15:28] {GeoArb} missed 3 good days
[15:28] {magoo} vad i reshorted .12
[15:28] {Threei} so what... you saw green trees
[15:28] {GeoArb} ouch
[15:29] {Threei} I knew you were a closet tree hugger
[15:29] {Threei} all californians are
[15:29] {peterg} what color are geo's trees?
[15:29] {Threei} only chaeron doesn't admit it
[15:29] {GeoArb} dried up and brown
[15:29] {magoo} cover .93
[15:29] {Threei} good one mags
[15:29] {Threei} LEH, mama mia
[15:29] {magoo} feels lower boss
[15:30] {Threei} -45% or so... just another day on Wall Street
[15:32] {GeoArb} woooo LEH
[15:32] {cosmo} LULU maybe
[15:32] {Threei} Lulu... Zizi...
[15:32] {Threei} Mopassan novel
[15:32] {Threei} or how you spell him
[15:33] {cosmo} gee...understatement...
[15:33] {Threei} lol
[15:35] {peterg} Guy de Maupassant? pissant?
[15:36] {GeoArb} lulululululu
[15:36] {Threei} is that how you spell him?
[15:36] {peterg} close
[15:36] {Threei} OK... when I learn to spell La Roshfuko, I'll be the king of spelling
[15:37] {peterg} google sez yes to spelling
[15:37] {Threei} google not much help... it gave me fine hits on Mopassan as well :)
[15:40] {peterg} Mopassan in polish & other english character slavic tongues
[15:40] {peterg} wish we had cyrillic
[15:40] {Threei} no you don't
[15:40] {peterg} nyet?
[15:40] {Threei} nyet
[15:41] {peterg} love the zhzh character
[15:41] {Threei} yeah, and there are more of that kind
[15:41] {peterg} shsh
[15:41] {peterg} e.g.
[15:41] {peterg} shch
[15:43] {Threei} .84 starts looking like another LEH short trigger
[15:43] {Threei} keep it small
[15:43] {Threei} too close to eod
[15:43] {Threei} who know
[15:43] {Chaeron} dave does
06[15:43] * Threei slaps laserdave1 around a bit with a large trout
[15:43] {Chaeron} he's not talking tho
[15:49] {Threei} wow
[15:50] {Threei} UAUA
[15:50] {Threei} SEC BEGINS INQUIRY INTO STOCK DROP EARLIER THIS WEEK
[15:52] {Threei} no worky
[15:56] {Threei} wow
[15:56] {Threei} news?
[15:56] {GeoArb} BAC IN TALKS TO BUY COMPANY - WSJ
[15:56] {Threei} BAC IN TALKS TO BUY COMPANY - WSJ
[15:56] {GeoArb} leh
[15:57] {Threei} [15:17] {Threei} you just never know when another barrage of headlines appears
[15:57] {Threei} [15:17] {Threei} too many of those on it
[15:59] {Threei} THOUGH DEAL IS STILL FAR FROM A CERTAINTY - WSJ CITING SOURCES
[16:00] {Onix} Thank you for a good trading day Vad ... a good afternoon & evening to you & all
[16:00] {peterg} see you all tomorrow
[16:00] {Threei} thank you all
[16:00] {magoo} good night all
[16:00] {Threei} have a good evening, see you tomorrow
Tuesday, September 9, 2008
Sept 09 2008
[08:22] {magoo} good morning vietnammmmmmmmm!!!!!!!!!!!!!!!!!
[08:22] {magoo} certainly been a war of late lol
[08:23] {Threei} good morning :)
[08:23] {Threei} WB
[08:23] {Threei} CEO: CONFIDENT THAT THE COMPANY IS NOW TAKING STEPS IN THE RIGHT DIRECTION
[08:23] {Threei} - Notes 87% of people affected by cuts have been notified so far
[08:24] {Threei} oil is gapping down... again
[08:29] {magoo} aapl event today..release of new products {ipod} i believe
[08:29] {magoo} news say what time vad?
[08:31] {Threei} all I see is Sony launching music service
[08:31] {Threei} and ERTS saying new game will be available on iphone
[08:32] {Threei} tech sector is incredibly weak
[08:32] {Threei} that was what supressed nasdaq yesterday
[08:33] {Threei} even though Dow ended green losing half of the gap, Nasdaq actually managed to go back in red
[08:33] {magoo} i know, cnbc talking about the rally yesterday..but naz red
[08:34] {magoo} but positive about aapl event today
[08:35] {Threei} in this climate, it will be dumped into
[08:35] {Threei} look at it right now
[08:35] {Threei} NQ's up 6.25
[08:35] {Threei} AAPL'a down 80 cents
[08:35] {Threei} and everyone knows about event, no?
[08:35] {magoo} so..pop off news posible and sold?
[08:36] {Threei} but it's not even news anymore if it's preannounced
[08:36] {Threei} I'd say, non-event
[08:36] {magoo} true,...hey, could u check see if bidu news out there?
[08:37] {Threei} 08/13/08 01:01pm [BIDU] Hearing Citigroup making positive comments (timing uncertain)
[08:37] {Threei} that's all
[08:38] {Threei} at this point, it's just a general sector weakness for all of them
[08:39] {Threei} until money flow reverses, no mediocre news events will help
[08:40] {Threei} thumb through the techs charts
[08:40] {Threei} BRCM, NVDA, RIMM, AAPL, KLAC
[08:41] {Threei} see?
[08:41] {cosmo} QGEN pre mkt high = 20.50 so far
[08:42] {cosmo} no news
[08:43] {Threei} - Energy: Saudi Arabia Oil Min Naimi noted that his country has been working hard since June to raise its production output to help bring prices to current levels. Saudi reiterated that the market remains adequately well balanced. OPEC President Khelil stated that there was no need for production cuts at this time and noted that prices would continue to decline even if OPEC cut supply. The Iranian OPEC Gov says some OPEC Members see the need for quota adherence. A Libya says general mood in OPEC focuses towards enforcing compliance, not a cut in output ceiling. Libya stated that the world could cope with oil at $100 per barrel. The National Hurricane Center noted that Hurricane Ike was weakening and currently a category 1 storm. Ike was Expected to be in the South-Eastern Gulf of Mexico on Wednesday.
[08:44] {cosmo} knee?
[08:44] {Threei} ?
[08:45] {Threei} WB CEO: "EXCEEDINGLY OPTIMISTIC" ABOUT OUR OUTLOOK
[08:45] {Threei} uh oh
[08:45] {cosmo} need?
[08:46] {Threei} exceeding optimism is an ominous sign
06[08:46] * Threei is bidding WB at 10 cents
[08:52] {magoo} WM active this morn..neg
[08:52] {magoo} FUL down 4
[08:52] {Threei} all fins in the red
[08:53] {magoo} u ever play SKS?
[08:53] {magoo} SKF
[08:53] {Threei} no
[08:53] {cosmo} UAUA
[08:57] {Onix} good morning all
[08:57] {Threei} Onix :)
[09:04] {Threei} 09/08/08 05:00pm
[09:04] {Threei} [EFUT] Efuture Information Technology Inc. Reports Q2 $0.35 v $0.00 y/y, R$3.5M (+104% y/y) (no est)
[09:04] {Threei} - Guides FY08 Rev $19M-$20M (no est)
[09:04] {Threei} - Backolg $6.1M
[09:04] {Threei} - Gross Margin 57.1% v 54.1% y/y
[09:09] {fernp} Good morning all
[09:09] {Threei} fern :)
[09:09] {peterg} gm all
[09:09] {Threei} peter :)
[09:10] {Threei} so far GSE bailout is not killing USD as was widely expected
[09:10] {Threei} if these morons manage to save financials without killing USD, I will be very impressed
[09:11] {Threei} would be even more impressed if they had enough brain power to avert such crises instead of putting fires out when whole forrest is burning
[09:12] {Threei} I mean... was there any bubble in the past that was so clearly bubble, as housing? every shoeshiner, and even CNBC commentators said it was a bubble
[09:13] {Threei} even tulips were not that transparent
[09:14] {dptl} good morning all
[09:14] {Threei} dp :)
[09:15] {magoo} vad, whats symbol for naz?
[09:15] {Threei} hmm?
[09:15] {Threei} what do you mean?
[09:16] {Threei} futures? composite? doble short?
[09:17] {tomg} gm all
[09:17] {Threei} tom :)
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:18] {Threei} be back in 5
[09:27] {Threei} LEH dump
[09:27] {Threei} 07/15 low is not that far
[09:30] {Threei} looking for spike to short
[09:31] {magoo} prob a bounce play now
[09:31] {Threei} yeah, don't want to chase...
[09:33] {Threei} missed
[09:34] {Threei} thought of .80 break as a short
[09:34] {Threei} morning spikes were concern
[09:34] {Threei} easy to get caught
[09:34] {magoo} a bounce somewhere
[09:36] {judijim} good morning all
[09:36] {Threei} jj :)
[09:37] {Threei} US INTELLIGENCE AGENCIES NOTE THEIR BELIEF THAT KIM JONG IL HAS SUFFERED A STROKE
[09:37] {dino} good
[09:38] {Threei} .21 long if holdong .10
[09:38] {Onix} leh?
[09:38] {Threei} yes
[09:39] {Threei} keep stop religiously
[09:39] {Threei} if losing .10, dump has potential of catastrophic
[09:39] {Threei} 1:1
[09:40] {dino} apol sm s .00
[09:40] {Threei} now short on .10 breakdown
[09:40] {Threei} stop about .25
[09:41] {Threei} invalidating level .40
[09:41] {Threei} if holding half from first entry, hold it
[09:41] {Threei} stop is the same
[09:42] {dino} apol stopped -.38
[09:43] {Threei} look to dump second half here
[09:43] {magoo} out long now..got lucky
[09:43] {magoo} .54
[09:43] {magoo} from .21
[09:43] {Roman} wow
[09:43] {Threei} good
[09:43] {magoo} scared me
[09:43] {Threei} KOREAN FINANCIAL SERVICE DENIES THAT TALKS HAVE ENDED BETWEEN LEH AND KDB
[09:43] {Threei} this is what sent it flying
[09:43] {magoo} was gonna cover and short in one stroke at loss of .10
[09:44] {Threei} earlier was reported that they are not interested
[09:44] {magoo} as in sell double position
[09:44] {Threei} that would be a way to go if it lost .10
[09:44] {magoo} yeah..cover and become short in one fill
[09:45] {Threei} Short Setup: BRCM .34 if stays below .50
[09:45] {dino} fmcn sm l .30
[09:47] {Threei} NVDA
[09:47] {Threei} TICKING HIGHER ON RENEWED TAKEOVER CHATTER
[09:47] {Threei} - Lenovo rumored as potential acquirer
[09:47] {dino} ilmn sm l .92
[09:48] {Threei} OK, first one was good on LEH
[09:48] {Threei} want to let it define a range now
[09:48] {Threei} .50 is a support to hold from this moment on
[09:48] {_csepulve33} good morning!
[09:49] {Threei} .70 - .75 area to break
[09:49] {Threei} csepulve :)
[09:49] {Threei} let's try half lot long on .70 break
[09:49] {Threei} stop under .50
[09:50] {Threei} see how .70 rejects it?
[09:50] {Threei} good entry for long if breaks
[09:50] {Threei} BRCM invalidated
[09:51] {magoo} sh rimm here sm .62
[09:53] {magoo} stop .02
[09:53] {Threei} over 1:1
[09:53] {Threei} half out
[09:53] {Threei} scalpers be happy
[09:53] {tomg} ty vad
[09:53] {Threei} welcome sir
[09:54] {magoo} stopped
[09:54] {Onix} ty Vad, not so scary this time
[09:54] {Threei} yeah, as morning volatility gets exhausted they become easy somewhat
[09:54] {Threei} unless chicago tribune publishes news from 1929
[09:55] {Threei} who kept half, offer if about 13.20
[09:55] {Threei} while trailing stop to .65
[09:55] {Roman} long SIRF 2.36-37
[09:57] {Threei} Short Setup: CSIQ .80 half lot
[09:58] {Threei} over 25.05 invalidated
[09:58] {magoo} CSIO or CSIQ?
[09:58] {magoo} red cant tell
[09:58] {Threei} CSIQ
[09:59] {magoo} ty
[09:59] {_csepulve33} here we go on CSIQ
[10:00] {Threei} JULY PENDING HOME SALES (M/M): -3.2% V -1.5%E
[10:00] {Threei} JULY WHOLESALE INVENTORIES: 1.4% V 0.7%E
[10:00] {Threei} 1:1 easy
[10:01] {Threei} feel free to cover as you see fit
[10:01] {Threei} I am out .45
[10:01] {tomg} good one vad,ty
[10:02] {Threei} welcome
[10:02] {_csepulve33} vad, wonderful play on CSIQ
[10:02] {Threei} fast and easy
[10:02] {Threei} just as we like'em
[10:05] {Threei} Short Setup: LEH .50 breakdown if stays under .70
[10:05] {Threei} let's keep it to half lot
[10:08] {Threei} AAPL low volume pullback
[10:08] {magoo} in leh .52
[10:09] {Threei} just a scalp mags
[10:09] {Threei} AAPL small shares long on 158 cross back
[10:09] {magoo} cover .38 TY
[10:10] {dino} sm l isys .96
[10:11] {Threei} market dump
[10:17] {dino} fmcn stopped -.36
[10:19] {dino} out ilmn .86, +.90
[10:19] {dino} .94 i mean
[10:22] {dino} v sm l skf .50
[10:24] {Onix} ty for AAPL Vad
[10:27] {Threei} sure
[10:27] {Threei} MOVES BELOW $12, LOWEST SINCE AUG 1999
[10:27] {Threei} LEH
[10:28] {Threei} why didn't we short .10 break, could anyone tell me?
[10:28] {dino} out skf 50, +1.00
[10:31] {dino} hmmm, no takers
[10:31] {Threei} we are full of envy
[10:31] {dino} yeah, that'll be the day
[10:32] {Threei} LEH has this look "short me wherever"
[10:34] {Threei} not easy to time it but it feels like bottomless pit today
[10:35] {Threei} 11 is total possibility
[10:37] {Threei} .50 shapes up as a short trigger
[10:37] {dino} v sm s skf .60
[10:37] {Threei} why did we ever cover CSIQ?
[10:38] {magoo} why i cover LEH:)
[10:39] {Threei} yeah
[10:42] {Threei} action is jerky and listless right now, waiting for something to shape up
[10:44] {dino} indeed
[10:48] {dino} stopped kkf -.60
[10:50] {dino} skf
[10:52] {Threei} here comes 11 LEH
[10:52] {Onix} ty for LEH Vad, got 30c
[10:52] {dino} v sm last try skf l .00
[10:52] {Threei} direct hit 11
[10:52] {Threei} [10:35] {Threei} 11 is total possibility
[10:53] {Threei} welcome Onix
[10:53] {magoo} nice read
[10:53] {Threei} mama mia
[10:53] {magoo} u just didn't want magoo to make the big bux
[10:54] {Threei} why not? I said .50 short trigger
[10:55] {tomg} ty leh, vad, cover?
[10:55] {magoo} teasing
[10:56] {magoo} feels like 8 possible
[10:56] {Threei} tom... no idea honestly
[10:56] {Threei} bottomless
[10:56] {tomg} k, ty
[10:56] {Threei} cover and be happy
[10:56] {tomg} ok
[10:56] {magoo} i said that at 10
[10:56] {magoo} its 8
[10:57] {Threei} [10:32] {Threei} LEH has this look "short me wherever"
[10:57] {dino} skf stop to 109.00
[10:57] {Threei} just how frikin true was that
[10:57] {magoo} panic vad
[10:58] {magoo} vad, look at low he he
[10:58] {Threei} great feel
[10:58] {dino} stopped +2.00
[11:00] {Threei} you out tom?
[11:00] {tomg} yes, ty vad
[11:00] {Threei} dino... +2 is not stopped :)
[11:02] {dino} lol, well it hit my stop :)
[11:02] {Threei} I know... it's just word stopped is loaded with negative connotation :)
[11:03] {magoo} amazes me is dino trades in dollar scalps
[11:04] {dino} reverse your thinking (as you taught me). stops are good
[11:04] {Threei} matter of taste mags... one likes watermelon, another likes roasted pig tails
[11:05] {magoo} what theeeee????
[11:05] {magoo} confusing mags
[11:06] {dino} pork rinds
[11:06] {Threei} 10 break was long according to chart but I really didn't want to get you into that
[11:06] {Threei} risk is enormous
[11:06] {Threei} look at POT
[11:06] {Threei} sheesh
[11:08] {dino} say no to drugs vad
[11:08] {Threei} lol
[11:08] {dino} march support 134, then jan 107ish
[11:09] {dino} ma messing w/yesterdays' lod
[11:11] {dino} cyn sm s .20
[11:13] {Threei} LEH
[11:13] {Threei} REPORTEDLY DISCUSSIONS WITH KDB HAVE ENDED; ALSO DISCUSSING OPTIONS WITH STRATEGIC INVESTORS, THE RESULTS OF WHICH WILL BE ANNOUNCED NEXT WEEK
[11:13] {Threei} - note: conflicts with the earlier report stating talks with KDB continue
[11:13] {Threei} nor fresh
[11:15] {Threei} SPOKESPERSON DECLINES COMMENT ON SHARE PRICE ACTION THIS MORNING
[11:18] {Threei} can I comment for him?
[11:18] {Threei} LEH HEARING DEFENDED AT CITIGROUP (TIMING UNCERTAIN)
[11:18] {Threei} lol
[11:26] {dino} cyn stopped -.37
[11:29] {Threei} tough decision... LEH chart gave long signal a few times but I just can't bring myself to do it
[11:32] {magoo} i'll do it..where?
[11:32] {Threei} off 10
[11:32] {Threei} chart says so... but if any news hits...
[11:34] {Threei} retest is not very good
[11:36] {Threei} I don't know mags... eaither keep stop under 9.90 or just cut it lose on this spike
[11:36] {Threei} no way to tell
[11:37] {magoo} ok
[11:37] {magoo} vad, any recent news goog
[11:38] {Threei} nothing worth mention
[11:41] {magoo} than dont mention it lol
[11:42] {magoo} out leh flat
[11:42] {magoo} scaring me
[11:43] {Threei} can't blame you
[11:43] {Threei} this is the situation where any line in the news can send it either way in a hurry
[11:45] {dino} sm l ilmn .21
[11:47] {Threei} we had a very good morning. I intend to switch if profit preservation mode, becoming very picky and controlling risk tighter than KGB controls lose cannon journalists
[11:47] {Threei} if = to
[11:47] {Chaeron} lol... GM all
[11:47] {Threei} chaeron :)
06[11:48] * magoo slaps Chaeron around a bit with a large trout
[11:48] {Threei} LEH
[11:48] {Threei} FED DECLINES COMMENT ON SHARE PRICE DECLINE
[11:48] {magoo} like they can control that
[11:48] {Threei} can it be read as "it's not deemed too big to fail"?
[11:48] {magoo} not confidence inspiring
[11:49] {magoo} news RIMM vad?
[11:49] {Threei} nope
[11:52] {magoo} good out leh huh?
[11:52] {Threei} oh yeah
[11:53] {Threei} this is not a time to be sloppy with stops
[12:01] {magoo} sh rimm small .90
[12:01] {Threei} LEH
[12:01] {Threei} SEC DECLINES COMMENT ON SHARE PRICE ACTION
[12:01] {Threei} hmmm
[12:01] {Threei} I want top see PETA declining to comment in share price action
[12:01] {Chaeron} they're next up on the list aren't they?
[12:03] {Threei} well, when weak animal is being thrown out on predators mercy, don't you expect PETA to express their opinion?
[12:04] {magoo} wait .69
[12:06] {magoo} stop .17
[12:06] {magoo} small
[12:07] {magoo} not cutting .69
[12:07] {magoo} lower feels
[12:10] {dino} out ilmn +1.00 at .21
[12:10] {dino} wow, what a spike
[12:10] {dino} now that was luck
[12:11] {Threei} no kidding
[12:11] {dino} all that clean living
[12:11] {Threei} lol
[12:12] {dino} payback for yesterdays uaua f job
[12:13] {magoo} covered rimmhere .39
[12:13] {magoo} 12:01] {magoo} sh rimm small .90
[12:14] {dino} gj
[12:20] {Threei} hmm... LEH break of 9...
[12:20] {Threei} hard to tell guys
[12:20] {Threei} on your own discretion
[12:20] {Threei} looks tempting
[12:20] {Threei} risk sure is big
[12:21] {Threei} 9.15 upper limit
[12:21] {Threei} maybe modest shares
[12:23] {Threei} the longer it can't break over .15 the better breakdown setup is
[12:23] {Threei} broke... off for now
[12:24] {Threei} on again
[12:24] {Threei} lol
[12:25] {Threei} HOUSE MAJORITY LEADER DISCUSSING PROVIDING FUNDS FOR AUTO INDUSTRY
[12:25] {Threei} {GM F}
[12:25] {Threei} GM spike
[12:26] {Threei} had enough of bailouts yet?
[12:27] {Threei} - Discussions focus on providing $25B in loans. Notes timing has not been settled on, but that the amount could rise
[12:27] {dino} algt
[12:29] {Threei} heat increases on LEH
[12:30] {dino} at this rate the gov't will own everything in a year.
[12:30] {dino} they need to let them fail or file bankruptcy
[12:31] {Threei} no kidding
[12:31] {Threei} moral hazard full blast
[12:31] {dino} cracks me up, most of upper management keeps their jobs too. what the heck, they got us into these messes
[12:33] {dino} i know, lets' wipe out the suckers "(shareholders) and keep our jobs
[12:34] {Threei} really amazes me
[12:34] {Threei} poor Ayn Rand
[12:34] {Threei} everything was in vain
[12:34] {dino} and the politicians claim the are for the little guy....seems to me the little guys' pension/retirement plans/mutual funds, are getting the brunt of it
[12:35] {Threei} that was major claim that excused all the action that runied the country in the book I just referred to
[12:35] {Threei} little guys have to be given a chance
[12:36] {Threei} first who names the book obtains a prize to be determined yet
[12:36] {peterg} atlas shrugged
[12:36] {Threei} hint: Who is John Galt?
[12:36] {dino} and big guys need to be thrown out, without golden parachutes, when they mess up
[12:36] {Threei} peter :)
[12:36] {peterg} fountainhead
[12:36] {dino} geeze, fnm, fre ceo's are getting millions to walk
[12:36] {dino} why!!!!!!!!!!!!!!!!!!!!!!!!
[12:37] {peterg} Former head of home depot, now chrysler
[12:37] {peterg} my favorite hit man
[12:37] {peterg} whats his name
[12:37] {peterg} toxic jerk
[12:37] {Threei} umm
[12:38] {Threei} which of these is first name and which is lasdt
[12:38] {magoo} calm down dino
[12:38] {peterg} Narcussus?
[12:38] {magoo} ranyting here
[12:38] {peterg} Nardelli
[12:38] {peterg} lol vad
[12:39] {dino} i know, but when i mess up, i take a hit, they get rewarded
[12:39] {peterg} s*** runs downhill
[12:40] {peterg} little guys get it for Abi Gharaib
[12:40] {peterg} want to see Cheney behind bars
[12:40] {peterg} I have only just begun to rant
[12:41] {Threei} I just want to stay away from hunting with him
[12:41] {peterg} famous patriot admiral so an so's statement, John Paul Jones
[12:41] {peterg} good idea
[12:42] {Threei} OK LEH
[12:42] {magoo} hes nothing..u should hunt with our club lol
[12:42] {Threei} feel free to start covering
[12:42] {Threei} IMO, it's not done dropping
[12:43] {dino} isys stop to .40
[12:52] {Threei} what does this mean:
[12:52] {Threei} LEH
[12:52] {Threei} US TREASURY NOTES THAT THEY STAY IN TOUCH WITH WALL STREET FIRMS ON A REGULAR BASIS
[12:53] {dino} they have been loaning all the brokers money since april 3i, discount window
[12:53] {Threei} yes
[12:53] {dino} thats what it means
[12:53] {dino} they are watching and scared
[12:54] {Threei} ok... you are good at this, and I think I know why
[12:54] {Threei} you have to decode magoo=speak every day
[12:54] {Threei} can't be easy
[12:54] {dino} lol
[12:54] {magoo} that does it
[12:54] {Threei} and sure is great training
06[12:54] * magoo slaps Threei around a bit with a large trout
[12:54] {Threei} hehe
[12:54] {Threei} I know I walked right into it
[12:54] {dino} i just don't trust.....simple as that
[12:57] {Threei} who is/was bigger, BSC or LEH?
[12:57] {Threei} anyone knows?
[12:57] {magoo} leh my guess
[12:58] {magoo} who bigger?vad or dino anyone
[12:58] {Threei} so... too big to fail still applies?
[12:58] {dino} bsc
[12:59] {dino} isys to .49
[13:00] {dino} out isys .49, +.53
[13:04] {Threei} IRANIAN OIL MINISTER: WOULD AGREE IF OPEC REACHES CONSENSUS TO HOLDING OUTPUT STEADY
[13:07] {dino} iclr sm l .80, thin
[13:08] {magoo} vad..u think we goping green
[13:09] {dino} what does it matter?
[13:13] {Threei} doubt it
[13:13] {Threei} (EU) FRENCH FINANCE MIN LAGARDE: EU SHOULD HAVE A COORDINATED RESPONSE TO HIGH ENERGY PRICES
[13:13] {Threei} - The worsening economic outlook is a challenge for the entire EU.
[13:14] {Threei} read: we need to think of less dependancy on Russia
[13:15] {dino} which reads: more nuclear, as its the french
[13:19] {Threei} you think you know everything about how stupid people can be? read this then:
[13:19] {Threei} http://www.telegraph.co.uk/news/worldnews/europe/france/2712363/French-President-Nicolas-Sarkozy-friend-says-911-was-a-lie.html
[13:27] {magoo} man..another smack down
[13:27] {dino} ok, who's on natural gas for home heat? and do you like it. conversion cost about $2100
[13:28] {Threei} look at AAPL mags
[13:28] {Threei} just announced that launch
[13:28] {Threei} and got killed
[13:28] {Threei} jujst as I said it would
[13:29] {magoo} u know..your comments kept me out thisa morning andd all day..thanx
[13:29] {dino} hmmm, now i know somebody uses gas
[13:30] {Threei} lol
[13:35] {dino} tighten iclr to .66, no mkt help
[13:35] {dino} brb
[13:42] {magoo} rimm outta catch up in the crash departmt
[13:43] {magoo} vad AAPL
[13:43] {dino} ouch fwlt
[13:45] {Threei} I doln't even want to try mags
[13:45] {Threei} it's a recipe for many stops
[13:47] {magoo} no i meant holy shit
[13:47] {Threei} that I agree with
[13:48] {magoo} seriously..i thought it was ready for big up day after recent tech pounding..good read/call
[13:48] {Threei} techs are too out of favor still
[13:48] {dino} iclr stopped ave. .68, -.12
[13:48] {magoo} rimm still could reach 99 today NOT A TRADE CALL
[13:49] {magoo} f it..sh rimm .20 200 shares
[13:51] {magoo} out
[13:51] {magoo} had too
[13:52] {Threei} you gotta do what you gotta do
[13:52] {magoo} luynch money
[13:52] {Threei} lynch money??
[13:52] {Threei} dino, who does he lynch for money?
[13:52] {dino} dk, but i'm looking for my wallet
[13:53] {Threei} you better
[13:53] {Threei} watch your back too
[13:53] {magoo} those ropes dont last forever vad he he
[13:53] {dino} all of the sudden that life policy comes to mind
06[13:53] * Threei slaps laserdave1 around a bit with a large trout
06[13:53] * magoo slaps laserdave1 around a bit with a large trout
06[13:53] * magoo slaps Roman around a bit with a large trout
06[13:54] * magoo slaps patience around a bit with a large trout
06[13:54] * magoo slaps _csepulve33 around a bit with a large trout
[13:54] {patience} good morning to you as well magoo :)
[13:54] {magoo} :)
[13:55] {dino} algt sm s .86, stop .21
[13:57] {laserdave1} market still nuts
[13:58] {Threei} cashews and almonds
[13:58] {laserdave1} leh
[13:58] {laserdave1} are they going bankrupt?
[13:59] {dino} the way of bear sterns it looks like
[14:06] {dino} watching axys
[14:06] {dino} and afam
[14:08] {magoo} styock holders afraid LEH will go to zero..the've seen it before
[14:08] {Threei} XOMA
[14:08] {Threei} RECEIVES 6 YEAR $65M BIODEFENSE CONTRACT TO ADVANCE DRUG CANDIDATES AGAINST BOTULISM TOXINS INTO CLINICAL TRIALS
[14:08] {Threei} - Note Co reports approx $80M in annual revenues
[14:08] {Threei} - The contract is the third that NIAID has awarded to XOMA for the development of botulinum antitoxins and brings the program's total to nearly $100M
[14:08] {laserdave1} if leh gets under 8.90 watch out bleow
[14:09] {dino} cov algt .44, +.42
[14:09] {dino} correct that slipped to .49, +.38
[14:14] {laserdave1} leh is just nuts
[14:14] {laserdave1} no call now
[14:14] {magoo} vad..we shouild watch qid as a short
[14:15] {laserdave1} i will short if it breaks 8.80 now
[14:16] {Threei} why mags?
[14:16] {Threei} you think it's bounce time?
[14:16] {magoo} i feel a q bounce forthwith
[14:16] {laserdave1} i have bid leh in case big bar down
[14:16] {laserdave1} 8.31 to cover
[14:17] {_csepulve33} maybe more selling pressure on SP
[14:18] {laserdave1} leh just cut through massive size at 8.75 like butter
[14:18] {laserdave1} this thing is nuts
[14:18] {magoo} i took it
[14:18] {Threei} good call dave'
[14:19] {magoo} covered .67
[14:19] {laserdave1} thanks i have cover at .31 in case big bar down
[14:19] {laserdave1} i figure it will get support around 8$
[14:19] {laserdave1} my low of day on laser says 8$
[14:19] {laserdave1} but hard to tell on chart
[14:20] {laserdave1} out half
[14:20] {laserdave1} dont want to see it goto waste
[14:21] {laserdave1} other half still .31
[14:21] {laserdave1} if it breaks .50 should get the fill
[14:23] {laserdave1} if .65 becomes bid i am geting out
[14:24] {laserdave1} out all now
[14:24] {laserdave1} still might go down
[14:24] {laserdave1} but needed that one
[14:32] {Threei} FNM eh?
[14:32] {dino} axys sm l .25
[14:34] {_csepulve33} more selling on spy
[14:37] {Threei} HEAD OF PAKISTANI AL-QAEDA KILLED BY MISSILE - CNN
[14:37] {dino} good
[14:38] {dino} cetv
[14:38] {magoo} remember when that would move markets
[14:38] {Threei} yeah, no kidding
[14:43] {dino} gap fill cme
[14:44] {dino} dji 11241 area for gap fill
[14:49] {dino} cetv partial fill l .30
[14:49] {dino} risky, like a hot knife though butter
[14:51] {dino} i guess we are back to the daily 300 pt range
[14:55] {_csepulve33} down again spy
[14:57] {laserdave1} violence LEH againd
[14:59] {Threei} 8.27 low so far
[14:59] {Threei} 8 is coming?
[15:01] {laserdave1} i think so
[15:01] {laserdave1} relentless pressure
[15:02] {Threei} SAUDI OIL MINISTER: OIL MARKET IS UNDER THE SWAY OF FUNDAMENTALS, WOULD SUPPORT A NOVEMBER MEETING IF OPEC AGREES TO ONE
[15:02] {Threei} - Not concerned by the fall in oil prices.
[15:02] {Threei} - Sees no need for concern about over supply until early next year.
[15:02] {Threei} - Extra Saudi crude helped avoid a worse oil shock.{USO}
[15:02] {Threei} here we are
[15:02] {laserdave1} LEH extreme violence
[15:02] {Threei} awww
[15:02] {Threei} covered too soon again
[15:04] {laserdave1} me too
[15:04] {laserdave1} haha
[15:04] {laserdave1} so hard with the volume like this
[15:04] {laserdave1} do i here 7$ anyone
[15:04] {laserdave1} i am not calling that
[15:04] {laserdave1} just saying it could go there
[15:04] {laserdave1} i am flat
[15:05] {magoo} 6.89
[15:33] {dptl} have a good evening all:)
[15:33] {Threei} take care dp
[15:35] {dino} cya dp
[15:42] {Threei} gosh LEH... what a finish
[15:45] {Threei} can you imagine what happens in offices of LEH and all involved today?
[15:46] {Threei} T. BOONE PICKENS: EXPECTS DEMAND TO RESPOND TO LOWER PRICE, OIL WILL STAY ABOVE $100/BBL - CNBC COMMENTS
[15:46] {Threei} {USO}
[15:46] {Threei} uhhu
[15:47] {dino} i imagine they are talking to gs
[15:47] {Threei} CFTC REPORTEDLY CONSIDERING THE MANDATE FOR BANKS TO REPORT ENERGY SWAPS TIED TO ENERGY FUTURES - UNCONFIRMED REPORT
[15:49] {judijim} we'll be back tomorrow, have great rest of the day
[15:50] {Threei} take care jj :)
[15:57] {Threei} lordy.. oil 102??
[16:00] {Onix} take care all, bye
[16:01] {Threei} thank you all
[16:01] {Threei} very nice day
[16:01] {Threei} have a great evening
[16:01] {Threei} see you tomorrow
[16:01] {peterg} so long
[16:01] {dino} well, gap filled
[16:04] {magoo} ty vad
[08:22] {magoo} certainly been a war of late lol
[08:23] {Threei} good morning :)
[08:23] {Threei} WB
[08:23] {Threei} CEO: CONFIDENT THAT THE COMPANY IS NOW TAKING STEPS IN THE RIGHT DIRECTION
[08:23] {Threei} - Notes 87% of people affected by cuts have been notified so far
[08:24] {Threei} oil is gapping down... again
[08:29] {magoo} aapl event today..release of new products {ipod} i believe
[08:29] {magoo} news say what time vad?
[08:31] {Threei} all I see is Sony launching music service
[08:31] {Threei} and ERTS saying new game will be available on iphone
[08:32] {Threei} tech sector is incredibly weak
[08:32] {Threei} that was what supressed nasdaq yesterday
[08:33] {Threei} even though Dow ended green losing half of the gap, Nasdaq actually managed to go back in red
[08:33] {magoo} i know, cnbc talking about the rally yesterday..but naz red
[08:34] {magoo} but positive about aapl event today
[08:35] {Threei} in this climate, it will be dumped into
[08:35] {Threei} look at it right now
[08:35] {Threei} NQ's up 6.25
[08:35] {Threei} AAPL'a down 80 cents
[08:35] {Threei} and everyone knows about event, no?
[08:35] {magoo} so..pop off news posible and sold?
[08:36] {Threei} but it's not even news anymore if it's preannounced
[08:36] {Threei} I'd say, non-event
[08:36] {magoo} true,...hey, could u check see if bidu news out there?
[08:37] {Threei} 08/13/08 01:01pm [BIDU] Hearing Citigroup making positive comments (timing uncertain)
[08:37] {Threei} that's all
[08:38] {Threei} at this point, it's just a general sector weakness for all of them
[08:39] {Threei} until money flow reverses, no mediocre news events will help
[08:40] {Threei} thumb through the techs charts
[08:40] {Threei} BRCM, NVDA, RIMM, AAPL, KLAC
[08:41] {Threei} see?
[08:41] {cosmo} QGEN pre mkt high = 20.50 so far
[08:42] {cosmo} no news
[08:43] {Threei} - Energy: Saudi Arabia Oil Min Naimi noted that his country has been working hard since June to raise its production output to help bring prices to current levels. Saudi reiterated that the market remains adequately well balanced. OPEC President Khelil stated that there was no need for production cuts at this time and noted that prices would continue to decline even if OPEC cut supply. The Iranian OPEC Gov says some OPEC Members see the need for quota adherence. A Libya says general mood in OPEC focuses towards enforcing compliance, not a cut in output ceiling. Libya stated that the world could cope with oil at $100 per barrel. The National Hurricane Center noted that Hurricane Ike was weakening and currently a category 1 storm. Ike was Expected to be in the South-Eastern Gulf of Mexico on Wednesday.
[08:44] {cosmo} knee?
[08:44] {Threei} ?
[08:45] {Threei} WB CEO: "EXCEEDINGLY OPTIMISTIC" ABOUT OUR OUTLOOK
[08:45] {Threei} uh oh
[08:45] {cosmo} need?
[08:46] {Threei} exceeding optimism is an ominous sign
06[08:46] * Threei is bidding WB at 10 cents
[08:52] {magoo} WM active this morn..neg
[08:52] {magoo} FUL down 4
[08:52] {Threei} all fins in the red
[08:53] {magoo} u ever play SKS?
[08:53] {magoo} SKF
[08:53] {Threei} no
[08:53] {cosmo} UAUA
[08:57] {Onix} good morning all
[08:57] {Threei} Onix :)
[09:04] {Threei} 09/08/08 05:00pm
[09:04] {Threei} [EFUT] Efuture Information Technology Inc. Reports Q2 $0.35 v $0.00 y/y, R$3.5M (+104% y/y) (no est)
[09:04] {Threei} - Guides FY08 Rev $19M-$20M (no est)
[09:04] {Threei} - Backolg $6.1M
[09:04] {Threei} - Gross Margin 57.1% v 54.1% y/y
[09:09] {fernp} Good morning all
[09:09] {Threei} fern :)
[09:09] {peterg} gm all
[09:09] {Threei} peter :)
[09:10] {Threei} so far GSE bailout is not killing USD as was widely expected
[09:10] {Threei} if these morons manage to save financials without killing USD, I will be very impressed
[09:11] {Threei} would be even more impressed if they had enough brain power to avert such crises instead of putting fires out when whole forrest is burning
[09:12] {Threei} I mean... was there any bubble in the past that was so clearly bubble, as housing? every shoeshiner, and even CNBC commentators said it was a bubble
[09:13] {Threei} even tulips were not that transparent
[09:14] {dptl} good morning all
[09:14] {Threei} dp :)
[09:15] {magoo} vad, whats symbol for naz?
[09:15] {Threei} hmm?
[09:15] {Threei} what do you mean?
[09:16] {Threei} futures? composite? doble short?
[09:17] {tomg} gm all
[09:17] {Threei} tom :)
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:18] {Threei} be back in 5
[09:27] {Threei} LEH dump
[09:27] {Threei} 07/15 low is not that far
[09:30] {Threei} looking for spike to short
[09:31] {magoo} prob a bounce play now
[09:31] {Threei} yeah, don't want to chase...
[09:33] {Threei} missed
[09:34] {Threei} thought of .80 break as a short
[09:34] {Threei} morning spikes were concern
[09:34] {Threei} easy to get caught
[09:34] {magoo} a bounce somewhere
[09:36] {judijim} good morning all
[09:36] {Threei} jj :)
[09:37] {Threei} US INTELLIGENCE AGENCIES NOTE THEIR BELIEF THAT KIM JONG IL HAS SUFFERED A STROKE
[09:37] {dino} good
[09:38] {Threei} .21 long if holdong .10
[09:38] {Onix} leh?
[09:38] {Threei} yes
[09:39] {Threei} keep stop religiously
[09:39] {Threei} if losing .10, dump has potential of catastrophic
[09:39] {Threei} 1:1
[09:40] {dino} apol sm s .00
[09:40] {Threei} now short on .10 breakdown
[09:40] {Threei} stop about .25
[09:41] {Threei} invalidating level .40
[09:41] {Threei} if holding half from first entry, hold it
[09:41] {Threei} stop is the same
[09:42] {dino} apol stopped -.38
[09:43] {Threei} look to dump second half here
[09:43] {magoo} out long now..got lucky
[09:43] {magoo} .54
[09:43] {magoo} from .21
[09:43] {Roman} wow
[09:43] {Threei} good
[09:43] {magoo} scared me
[09:43] {Threei} KOREAN FINANCIAL SERVICE DENIES THAT TALKS HAVE ENDED BETWEEN LEH AND KDB
[09:43] {Threei} this is what sent it flying
[09:43] {magoo} was gonna cover and short in one stroke at loss of .10
[09:44] {Threei} earlier was reported that they are not interested
[09:44] {magoo} as in sell double position
[09:44] {Threei} that would be a way to go if it lost .10
[09:44] {magoo} yeah..cover and become short in one fill
[09:45] {Threei} Short Setup: BRCM .34 if stays below .50
[09:45] {dino} fmcn sm l .30
[09:47] {Threei} NVDA
[09:47] {Threei} TICKING HIGHER ON RENEWED TAKEOVER CHATTER
[09:47] {Threei} - Lenovo rumored as potential acquirer
[09:47] {dino} ilmn sm l .92
[09:48] {Threei} OK, first one was good on LEH
[09:48] {Threei} want to let it define a range now
[09:48] {Threei} .50 is a support to hold from this moment on
[09:48] {_csepulve33} good morning!
[09:49] {Threei} .70 - .75 area to break
[09:49] {Threei} csepulve :)
[09:49] {Threei} let's try half lot long on .70 break
[09:49] {Threei} stop under .50
[09:50] {Threei} see how .70 rejects it?
[09:50] {Threei} good entry for long if breaks
[09:50] {Threei} BRCM invalidated
[09:51] {magoo} sh rimm here sm .62
[09:53] {magoo} stop .02
[09:53] {Threei} over 1:1
[09:53] {Threei} half out
[09:53] {Threei} scalpers be happy
[09:53] {tomg} ty vad
[09:53] {Threei} welcome sir
[09:54] {magoo} stopped
[09:54] {Onix} ty Vad, not so scary this time
[09:54] {Threei} yeah, as morning volatility gets exhausted they become easy somewhat
[09:54] {Threei} unless chicago tribune publishes news from 1929
[09:55] {Threei} who kept half, offer if about 13.20
[09:55] {Threei} while trailing stop to .65
[09:55] {Roman} long SIRF 2.36-37
[09:57] {Threei} Short Setup: CSIQ .80 half lot
[09:58] {Threei} over 25.05 invalidated
[09:58] {magoo} CSIO or CSIQ?
[09:58] {magoo} red cant tell
[09:58] {Threei} CSIQ
[09:59] {magoo} ty
[09:59] {_csepulve33} here we go on CSIQ
[10:00] {Threei} JULY PENDING HOME SALES (M/M): -3.2% V -1.5%E
[10:00] {Threei} JULY WHOLESALE INVENTORIES: 1.4% V 0.7%E
[10:00] {Threei} 1:1 easy
[10:01] {Threei} feel free to cover as you see fit
[10:01] {Threei} I am out .45
[10:01] {tomg} good one vad,ty
[10:02] {Threei} welcome
[10:02] {_csepulve33} vad, wonderful play on CSIQ
[10:02] {Threei} fast and easy
[10:02] {Threei} just as we like'em
[10:05] {Threei} Short Setup: LEH .50 breakdown if stays under .70
[10:05] {Threei} let's keep it to half lot
[10:08] {Threei} AAPL low volume pullback
[10:08] {magoo} in leh .52
[10:09] {Threei} just a scalp mags
[10:09] {Threei} AAPL small shares long on 158 cross back
[10:09] {magoo} cover .38 TY
[10:10] {dino} sm l isys .96
[10:11] {Threei} market dump
[10:17] {dino} fmcn stopped -.36
[10:19] {dino} out ilmn .86, +.90
[10:19] {dino} .94 i mean
[10:22] {dino} v sm l skf .50
[10:24] {Onix} ty for AAPL Vad
[10:27] {Threei} sure
[10:27] {Threei} MOVES BELOW $12, LOWEST SINCE AUG 1999
[10:27] {Threei} LEH
[10:28] {Threei} why didn't we short .10 break, could anyone tell me?
[10:28] {dino} out skf 50, +1.00
[10:31] {dino} hmmm, no takers
[10:31] {Threei} we are full of envy
[10:31] {dino} yeah, that'll be the day
[10:32] {Threei} LEH has this look "short me wherever"
[10:34] {Threei} not easy to time it but it feels like bottomless pit today
[10:35] {Threei} 11 is total possibility
[10:37] {Threei} .50 shapes up as a short trigger
[10:37] {dino} v sm s skf .60
[10:37] {Threei} why did we ever cover CSIQ?
[10:38] {magoo} why i cover LEH:)
[10:39] {Threei} yeah
[10:42] {Threei} action is jerky and listless right now, waiting for something to shape up
[10:44] {dino} indeed
[10:48] {dino} stopped kkf -.60
[10:50] {dino} skf
[10:52] {Threei} here comes 11 LEH
[10:52] {Onix} ty for LEH Vad, got 30c
[10:52] {dino} v sm last try skf l .00
[10:52] {Threei} direct hit 11
[10:52] {Threei} [10:35] {Threei} 11 is total possibility
[10:53] {Threei} welcome Onix
[10:53] {magoo} nice read
[10:53] {Threei} mama mia
[10:53] {magoo} u just didn't want magoo to make the big bux
[10:54] {Threei} why not? I said .50 short trigger
[10:55] {tomg} ty leh, vad, cover?
[10:55] {magoo} teasing
[10:56] {magoo} feels like 8 possible
[10:56] {Threei} tom... no idea honestly
[10:56] {Threei} bottomless
[10:56] {tomg} k, ty
[10:56] {Threei} cover and be happy
[10:56] {tomg} ok
[10:56] {magoo} i said that at 10
[10:56] {magoo} its 8
[10:57] {Threei} [10:32] {Threei} LEH has this look "short me wherever"
[10:57] {dino} skf stop to 109.00
[10:57] {Threei} just how frikin true was that
[10:57] {magoo} panic vad
[10:58] {magoo} vad, look at low he he
[10:58] {Threei} great feel
[10:58] {dino} stopped +2.00
[11:00] {Threei} you out tom?
[11:00] {tomg} yes, ty vad
[11:00] {Threei} dino... +2 is not stopped :)
[11:02] {dino} lol, well it hit my stop :)
[11:02] {Threei} I know... it's just word stopped is loaded with negative connotation :)
[11:03] {magoo} amazes me is dino trades in dollar scalps
[11:04] {dino} reverse your thinking (as you taught me). stops are good
[11:04] {Threei} matter of taste mags... one likes watermelon, another likes roasted pig tails
[11:05] {magoo} what theeeee????
[11:05] {magoo} confusing mags
[11:06] {dino} pork rinds
[11:06] {Threei} 10 break was long according to chart but I really didn't want to get you into that
[11:06] {Threei} risk is enormous
[11:06] {Threei} look at POT
[11:06] {Threei} sheesh
[11:08] {dino} say no to drugs vad
[11:08] {Threei} lol
[11:08] {dino} march support 134, then jan 107ish
[11:09] {dino} ma messing w/yesterdays' lod
[11:11] {dino} cyn sm s .20
[11:13] {Threei} LEH
[11:13] {Threei} REPORTEDLY DISCUSSIONS WITH KDB HAVE ENDED; ALSO DISCUSSING OPTIONS WITH STRATEGIC INVESTORS, THE RESULTS OF WHICH WILL BE ANNOUNCED NEXT WEEK
[11:13] {Threei} - note: conflicts with the earlier report stating talks with KDB continue
[11:13] {Threei} nor fresh
[11:15] {Threei} SPOKESPERSON DECLINES COMMENT ON SHARE PRICE ACTION THIS MORNING
[11:18] {Threei} can I comment for him?
[11:18] {Threei} LEH HEARING DEFENDED AT CITIGROUP (TIMING UNCERTAIN)
[11:18] {Threei} lol
[11:26] {dino} cyn stopped -.37
[11:29] {Threei} tough decision... LEH chart gave long signal a few times but I just can't bring myself to do it
[11:32] {magoo} i'll do it..where?
[11:32] {Threei} off 10
[11:32] {Threei} chart says so... but if any news hits...
[11:34] {Threei} retest is not very good
[11:36] {Threei} I don't know mags... eaither keep stop under 9.90 or just cut it lose on this spike
[11:36] {Threei} no way to tell
[11:37] {magoo} ok
[11:37] {magoo} vad, any recent news goog
[11:38] {Threei} nothing worth mention
[11:41] {magoo} than dont mention it lol
[11:42] {magoo} out leh flat
[11:42] {magoo} scaring me
[11:43] {Threei} can't blame you
[11:43] {Threei} this is the situation where any line in the news can send it either way in a hurry
[11:45] {dino} sm l ilmn .21
[11:47] {Threei} we had a very good morning. I intend to switch if profit preservation mode, becoming very picky and controlling risk tighter than KGB controls lose cannon journalists
[11:47] {Threei} if = to
[11:47] {Chaeron} lol... GM all
[11:47] {Threei} chaeron :)
06[11:48] * magoo slaps Chaeron around a bit with a large trout
[11:48] {Threei} LEH
[11:48] {Threei} FED DECLINES COMMENT ON SHARE PRICE DECLINE
[11:48] {magoo} like they can control that
[11:48] {Threei} can it be read as "it's not deemed too big to fail"?
[11:48] {magoo} not confidence inspiring
[11:49] {magoo} news RIMM vad?
[11:49] {Threei} nope
[11:52] {magoo} good out leh huh?
[11:52] {Threei} oh yeah
[11:53] {Threei} this is not a time to be sloppy with stops
[12:01] {magoo} sh rimm small .90
[12:01] {Threei} LEH
[12:01] {Threei} SEC DECLINES COMMENT ON SHARE PRICE ACTION
[12:01] {Threei} hmmm
[12:01] {Threei} I want top see PETA declining to comment in share price action
[12:01] {Chaeron} they're next up on the list aren't they?
[12:03] {Threei} well, when weak animal is being thrown out on predators mercy, don't you expect PETA to express their opinion?
[12:04] {magoo} wait .69
[12:06] {magoo} stop .17
[12:06] {magoo} small
[12:07] {magoo} not cutting .69
[12:07] {magoo} lower feels
[12:10] {dino} out ilmn +1.00 at .21
[12:10] {dino} wow, what a spike
[12:10] {dino} now that was luck
[12:11] {Threei} no kidding
[12:11] {dino} all that clean living
[12:11] {Threei} lol
[12:12] {dino} payback for yesterdays uaua f job
[12:13] {magoo} covered rimmhere .39
[12:13] {magoo} 12:01] {magoo} sh rimm small .90
[12:14] {dino} gj
[12:20] {Threei} hmm... LEH break of 9...
[12:20] {Threei} hard to tell guys
[12:20] {Threei} on your own discretion
[12:20] {Threei} looks tempting
[12:20] {Threei} risk sure is big
[12:21] {Threei} 9.15 upper limit
[12:21] {Threei} maybe modest shares
[12:23] {Threei} the longer it can't break over .15 the better breakdown setup is
[12:23] {Threei} broke... off for now
[12:24] {Threei} on again
[12:24] {Threei} lol
[12:25] {Threei} HOUSE MAJORITY LEADER DISCUSSING PROVIDING FUNDS FOR AUTO INDUSTRY
[12:25] {Threei} {GM F}
[12:25] {Threei} GM spike
[12:26] {Threei} had enough of bailouts yet?
[12:27] {Threei} - Discussions focus on providing $25B in loans. Notes timing has not been settled on, but that the amount could rise
[12:27] {dino} algt
[12:29] {Threei} heat increases on LEH
[12:30] {dino} at this rate the gov't will own everything in a year.
[12:30] {dino} they need to let them fail or file bankruptcy
[12:31] {Threei} no kidding
[12:31] {Threei} moral hazard full blast
[12:31] {dino} cracks me up, most of upper management keeps their jobs too. what the heck, they got us into these messes
[12:33] {dino} i know, lets' wipe out the suckers "(shareholders) and keep our jobs
[12:34] {Threei} really amazes me
[12:34] {Threei} poor Ayn Rand
[12:34] {Threei} everything was in vain
[12:34] {dino} and the politicians claim the are for the little guy....seems to me the little guys' pension/retirement plans/mutual funds, are getting the brunt of it
[12:35] {Threei} that was major claim that excused all the action that runied the country in the book I just referred to
[12:35] {Threei} little guys have to be given a chance
[12:36] {Threei} first who names the book obtains a prize to be determined yet
[12:36] {peterg} atlas shrugged
[12:36] {Threei} hint: Who is John Galt?
[12:36] {dino} and big guys need to be thrown out, without golden parachutes, when they mess up
[12:36] {Threei} peter :)
[12:36] {peterg} fountainhead
[12:36] {dino} geeze, fnm, fre ceo's are getting millions to walk
[12:36] {dino} why!!!!!!!!!!!!!!!!!!!!!!!!
[12:37] {peterg} Former head of home depot, now chrysler
[12:37] {peterg} my favorite hit man
[12:37] {peterg} whats his name
[12:37] {peterg} toxic jerk
[12:37] {Threei} umm
[12:38] {Threei} which of these is first name and which is lasdt
[12:38] {magoo} calm down dino
[12:38] {peterg} Narcussus?
[12:38] {magoo} ranyting here
[12:38] {peterg} Nardelli
[12:38] {peterg} lol vad
[12:39] {dino} i know, but when i mess up, i take a hit, they get rewarded
[12:39] {peterg} s*** runs downhill
[12:40] {peterg} little guys get it for Abi Gharaib
[12:40] {peterg} want to see Cheney behind bars
[12:40] {peterg} I have only just begun to rant
[12:41] {Threei} I just want to stay away from hunting with him
[12:41] {peterg} famous patriot admiral so an so's statement, John Paul Jones
[12:41] {peterg} good idea
[12:42] {Threei} OK LEH
[12:42] {magoo} hes nothing..u should hunt with our club lol
[12:42] {Threei} feel free to start covering
[12:42] {Threei} IMO, it's not done dropping
[12:43] {dino} isys stop to .40
[12:52] {Threei} what does this mean:
[12:52] {Threei} LEH
[12:52] {Threei} US TREASURY NOTES THAT THEY STAY IN TOUCH WITH WALL STREET FIRMS ON A REGULAR BASIS
[12:53] {dino} they have been loaning all the brokers money since april 3i, discount window
[12:53] {Threei} yes
[12:53] {dino} thats what it means
[12:53] {dino} they are watching and scared
[12:54] {Threei} ok... you are good at this, and I think I know why
[12:54] {Threei} you have to decode magoo=speak every day
[12:54] {Threei} can't be easy
[12:54] {dino} lol
[12:54] {magoo} that does it
[12:54] {Threei} and sure is great training
06[12:54] * magoo slaps Threei around a bit with a large trout
[12:54] {Threei} hehe
[12:54] {Threei} I know I walked right into it
[12:54] {dino} i just don't trust.....simple as that
[12:57] {Threei} who is/was bigger, BSC or LEH?
[12:57] {Threei} anyone knows?
[12:57] {magoo} leh my guess
[12:58] {magoo} who bigger?vad or dino anyone
[12:58] {Threei} so... too big to fail still applies?
[12:58] {dino} bsc
[12:59] {dino} isys to .49
[13:00] {dino} out isys .49, +.53
[13:04] {Threei} IRANIAN OIL MINISTER: WOULD AGREE IF OPEC REACHES CONSENSUS TO HOLDING OUTPUT STEADY
[13:07] {dino} iclr sm l .80, thin
[13:08] {magoo} vad..u think we goping green
[13:09] {dino} what does it matter?
[13:13] {Threei} doubt it
[13:13] {Threei} (EU) FRENCH FINANCE MIN LAGARDE: EU SHOULD HAVE A COORDINATED RESPONSE TO HIGH ENERGY PRICES
[13:13] {Threei} - The worsening economic outlook is a challenge for the entire EU.
[13:14] {Threei} read: we need to think of less dependancy on Russia
[13:15] {dino} which reads: more nuclear, as its the french
[13:19] {Threei} you think you know everything about how stupid people can be? read this then:
[13:19] {Threei} http://www.telegraph.co.uk/news/worldnews/europe/france/2712363/French-President-Nicolas-Sarkozy-friend-says-911-was-a-lie.html
[13:27] {magoo} man..another smack down
[13:27] {dino} ok, who's on natural gas for home heat? and do you like it. conversion cost about $2100
[13:28] {Threei} look at AAPL mags
[13:28] {Threei} just announced that launch
[13:28] {Threei} and got killed
[13:28] {Threei} jujst as I said it would
[13:29] {magoo} u know..your comments kept me out thisa morning andd all day..thanx
[13:29] {dino} hmmm, now i know somebody uses gas
[13:30] {Threei} lol
[13:35] {dino} tighten iclr to .66, no mkt help
[13:35] {dino} brb
[13:42] {magoo} rimm outta catch up in the crash departmt
[13:43] {magoo} vad AAPL
[13:43] {dino} ouch fwlt
[13:45] {Threei} I doln't even want to try mags
[13:45] {Threei} it's a recipe for many stops
[13:47] {magoo} no i meant holy shit
[13:47] {Threei} that I agree with
[13:48] {magoo} seriously..i thought it was ready for big up day after recent tech pounding..good read/call
[13:48] {Threei} techs are too out of favor still
[13:48] {dino} iclr stopped ave. .68, -.12
[13:48] {magoo} rimm still could reach 99 today NOT A TRADE CALL
[13:49] {magoo} f it..sh rimm .20 200 shares
[13:51] {magoo} out
[13:51] {magoo} had too
[13:52] {Threei} you gotta do what you gotta do
[13:52] {magoo} luynch money
[13:52] {Threei} lynch money??
[13:52] {Threei} dino, who does he lynch for money?
[13:52] {dino} dk, but i'm looking for my wallet
[13:53] {Threei} you better
[13:53] {Threei} watch your back too
[13:53] {magoo} those ropes dont last forever vad he he
[13:53] {dino} all of the sudden that life policy comes to mind
06[13:53] * Threei slaps laserdave1 around a bit with a large trout
06[13:53] * magoo slaps laserdave1 around a bit with a large trout
06[13:53] * magoo slaps Roman around a bit with a large trout
06[13:54] * magoo slaps patience around a bit with a large trout
06[13:54] * magoo slaps _csepulve33 around a bit with a large trout
[13:54] {patience} good morning to you as well magoo :)
[13:54] {magoo} :)
[13:55] {dino} algt sm s .86, stop .21
[13:57] {laserdave1} market still nuts
[13:58] {Threei} cashews and almonds
[13:58] {laserdave1} leh
[13:58] {laserdave1} are they going bankrupt?
[13:59] {dino} the way of bear sterns it looks like
[14:06] {dino} watching axys
[14:06] {dino} and afam
[14:08] {magoo} styock holders afraid LEH will go to zero..the've seen it before
[14:08] {Threei} XOMA
[14:08] {Threei} RECEIVES 6 YEAR $65M BIODEFENSE CONTRACT TO ADVANCE DRUG CANDIDATES AGAINST BOTULISM TOXINS INTO CLINICAL TRIALS
[14:08] {Threei} - Note Co reports approx $80M in annual revenues
[14:08] {Threei} - The contract is the third that NIAID has awarded to XOMA for the development of botulinum antitoxins and brings the program's total to nearly $100M
[14:08] {laserdave1} if leh gets under 8.90 watch out bleow
[14:09] {dino} cov algt .44, +.42
[14:09] {dino} correct that slipped to .49, +.38
[14:14] {laserdave1} leh is just nuts
[14:14] {laserdave1} no call now
[14:14] {magoo} vad..we shouild watch qid as a short
[14:15] {laserdave1} i will short if it breaks 8.80 now
[14:16] {Threei} why mags?
[14:16] {Threei} you think it's bounce time?
[14:16] {magoo} i feel a q bounce forthwith
[14:16] {laserdave1} i have bid leh in case big bar down
[14:16] {laserdave1} 8.31 to cover
[14:17] {_csepulve33} maybe more selling pressure on SP
[14:18] {laserdave1} leh just cut through massive size at 8.75 like butter
[14:18] {laserdave1} this thing is nuts
[14:18] {magoo} i took it
[14:18] {Threei} good call dave'
[14:19] {magoo} covered .67
[14:19] {laserdave1} thanks i have cover at .31 in case big bar down
[14:19] {laserdave1} i figure it will get support around 8$
[14:19] {laserdave1} my low of day on laser says 8$
[14:19] {laserdave1} but hard to tell on chart
[14:20] {laserdave1} out half
[14:20] {laserdave1} dont want to see it goto waste
[14:21] {laserdave1} other half still .31
[14:21] {laserdave1} if it breaks .50 should get the fill
[14:23] {laserdave1} if .65 becomes bid i am geting out
[14:24] {laserdave1} out all now
[14:24] {laserdave1} still might go down
[14:24] {laserdave1} but needed that one
[14:32] {Threei} FNM eh?
[14:32] {dino} axys sm l .25
[14:34] {_csepulve33} more selling on spy
[14:37] {Threei} HEAD OF PAKISTANI AL-QAEDA KILLED BY MISSILE - CNN
[14:37] {dino} good
[14:38] {dino} cetv
[14:38] {magoo} remember when that would move markets
[14:38] {Threei} yeah, no kidding
[14:43] {dino} gap fill cme
[14:44] {dino} dji 11241 area for gap fill
[14:49] {dino} cetv partial fill l .30
[14:49] {dino} risky, like a hot knife though butter
[14:51] {dino} i guess we are back to the daily 300 pt range
[14:55] {_csepulve33} down again spy
[14:57] {laserdave1} violence LEH againd
[14:59] {Threei} 8.27 low so far
[14:59] {Threei} 8 is coming?
[15:01] {laserdave1} i think so
[15:01] {laserdave1} relentless pressure
[15:02] {Threei} SAUDI OIL MINISTER: OIL MARKET IS UNDER THE SWAY OF FUNDAMENTALS, WOULD SUPPORT A NOVEMBER MEETING IF OPEC AGREES TO ONE
[15:02] {Threei} - Not concerned by the fall in oil prices.
[15:02] {Threei} - Sees no need for concern about over supply until early next year.
[15:02] {Threei} - Extra Saudi crude helped avoid a worse oil shock.{USO}
[15:02] {Threei} here we are
[15:02] {laserdave1} LEH extreme violence
[15:02] {Threei} awww
[15:02] {Threei} covered too soon again
[15:04] {laserdave1} me too
[15:04] {laserdave1} haha
[15:04] {laserdave1} so hard with the volume like this
[15:04] {laserdave1} do i here 7$ anyone
[15:04] {laserdave1} i am not calling that
[15:04] {laserdave1} just saying it could go there
[15:04] {laserdave1} i am flat
[15:05] {magoo} 6.89
[15:33] {dptl} have a good evening all:)
[15:33] {Threei} take care dp
[15:35] {dino} cya dp
[15:42] {Threei} gosh LEH... what a finish
[15:45] {Threei} can you imagine what happens in offices of LEH and all involved today?
[15:46] {Threei} T. BOONE PICKENS: EXPECTS DEMAND TO RESPOND TO LOWER PRICE, OIL WILL STAY ABOVE $100/BBL - CNBC COMMENTS
[15:46] {Threei} {USO}
[15:46] {Threei} uhhu
[15:47] {dino} i imagine they are talking to gs
[15:47] {Threei} CFTC REPORTEDLY CONSIDERING THE MANDATE FOR BANKS TO REPORT ENERGY SWAPS TIED TO ENERGY FUTURES - UNCONFIRMED REPORT
[15:49] {judijim} we'll be back tomorrow, have great rest of the day
[15:50] {Threei} take care jj :)
[15:57] {Threei} lordy.. oil 102??
[16:00] {Onix} take care all, bye
[16:01] {Threei} thank you all
[16:01] {Threei} very nice day
[16:01] {Threei} have a great evening
[16:01] {Threei} see you tomorrow
[16:01] {peterg} so long
[16:01] {dino} well, gap filled
[16:04] {magoo} ty vad
Monday, September 8, 2008
Sep 08 2008
Session Time: Mon Sep 08 00:00:00 2008
[08:26] {magoo} morning
[08:30] {Threei} CLNE
[08:30] {Threei} TO ACQUIRE FUELMAKER, NATURAL GAS FUELING APPLIANCES MAKER FROM HONDA
[08:30] {Threei} Good morning
[08:31] {magoo} hi vad
[08:31] {Threei} do you have any other words this morning but "holy mackerel"?
[08:32] {magoo} really...i tried to get in office to beat that big gap
[08:32] {magoo} but it hit aroiund 8 am
[08:32] {magoo} got here 8.20
[08:32] {Threei} you wouldn't anyway
[08:32] {Threei} things just open where they are
[08:33] {Threei} unless you were long from Fri close, it's a waste
[08:33] {esemde} morning...wow DJ up 2 billion
[08:33] {Threei} ese :)
[08:34] {esemde} can't recall the last time I saw it up like that.....on sunday even .....261pts
[08:34] {esemde} morning vad.....nice day here yesterday
[08:34] {Threei} well... these are times with probably no precedent
[08:35] {Threei} gorgeous weather
[08:36] {esemde} yes indeed ...lending people money who don't have the ability to pay it back.....
[08:38] {Threei} and then bailing lenders out with money of those who still can pay
[08:39] {Threei} WB looks the strongest among financials
[08:39] {esemde} they would have flunked the finance classes that i took anyway.....
[08:40] {Threei} my perception is, it's not even about finance
[08:41] {Threei} it's about major philosophy/ideology
[08:41] {Threei} it's a capitalism vs socialism issue
[08:42] {esemde} hmmmmmmm you've got me there....how do you figure
[08:42] {Threei} well... we let people and companies live with the outcomes of their own decisions,
[08:42] {esemde} yes that should be what happens
[08:43] {Threei} or we invoke govt's power to take money from responsible and bail out irresponsible
[08:43] {esemde} got it...
[08:43] {Threei} first is capitalism, second is redistribution of wealth on the base of need,
[08:43] {Threei} granted unearned to those who didn't esrned
[08:43] {Threei} earn
[08:46] {esemde} wachovia hasn't really been in as much trouble as some of the other banks has it
[08:46] {Threei} I guess
[08:46] {Threei} all banks gap up but most retreat a little
[08:46] {Threei} not WB
[08:47] {brian3579} gm all
[08:47] {Threei} brian :)
[08:47] {esemde} Life of brian....good morning
[08:48] {magoo} i don't see it..if i stop paying my mortgage today the gov't isn't going to save my home for me..or is it?
[08:48] {esemde} vad will.....???
[08:49] {Threei} lol
[08:52] {Threei} FRE/FNM are halted till market open
[08:53] {Threei} 07:00am [ALTI] Altair Nanotechnologies Develops Revolutionary Battery for U.S. Navy
[08:55] {esemde} How bout Detroit Electric making a comeback....read the story on the weekend.....will be producing electric cars
[08:56] {brian3579} I got engaged this weekend is it normal for her to keep walking by the computer and checking my account balance?
[08:56] {esemde} in Belgium???Holland???
[08:56] {esemde} ha ha ha ha
[08:56] {Threei} lol brian
[08:56] {Threei} congratulations anyway :)
[08:56] {brian3579} ty
[08:56] {esemde} congrats for sure!!!
[08:57] {cosmo} BIOD
[08:57] {esemde} come on a honey moon to Victoria BC
[08:57] {brian3579} sounds good
[08:58] {Threei} 03:00am [BIOD] Releases preliminary results of pivotal {hase III clinical trials for VIAject
[08:58] {Threei} nice haircut
[08:59] {cosmo} it needs 8 (soon) on the bounce
[09:01] {cosmo} hmmm...looks more like a beheading...
[09:03] {Threei} ABK
[09:03] {Threei} RECEIVES REGULATORY APPROVAL TO SUPPORT OBLIGATIONS OF ITS INVESTMENT AGREEMENT BUSINESS
[09:03] {Threei} - State of Wisconsin, Office of the Commissioner of Insurance (OCI) has approved up to $1 billion in future intercompany asset sales and secured lending transactions between Ambac Assurance Corp. (Ambac Assurance) and its Investment Agreement business affiliates which when combined with an existing approval of $200 million in secured lending transactions will enhance the liquidity within Ambac's financial services segment. Any transactions undertaken pursuant to these approvals will be executed on an arms-length basis and in accordance with Ambac Assurance's investment guidelines.
[09:05] {esemde} wow biod...huge plunge ...this one is for dino for sure
[09:07] {cosmo} BIOD: ...announces reliminary results of pivotal Phase III clinical trials for VIAject; meets primary endpointBriefing.com(Mon 7:30am)
[09:07] {peterg} gm all, congratulations ese!
[09:08] {Threei} peter :)
[09:08] {cosmo} ETFC pre mkt high = 3.73 fwiw
[09:09] {Onix} gm all
[09:09] {Threei} onix :)
[09:11] {pita} gm all
[09:11] {Threei} pita :)
[09:13] {esemde} morning peter....it's not getting marriged...it's brian
[09:14] {fernp} good morning all
[09:14] {Threei} fern :)
[09:14] {peterg} aha! congratulations Brian!
[09:14] {brian3579} ty
[09:19] {Threei} more selling BIOD
[09:20] {cosmo} # Biodel's diabetes drug VIAject meets goalsat Reuters(Mon 7:42am)
[09:21] {Threei} FEED
[09:21] {Threei} DISCUSSES EFFECT OF DECLINING COMMODITY PRICES ON BUSINESS
[09:21] {Threei} - AgFeed Benefits from Declining Commodity Prices and China's Harvest of New Crops
[09:21] {Threei} - Corn and soy bean meal are two major feed input costs for hog production. China is currently experiencing a year of good harvest in both domestic corn and soy bean crops. Prices for both commodity products have continued to decline and AgFeed is currently seeing expanded profit margins on hog production.
[09:21] {Threei} - Hog prices in our target markets of South China have increased steadily since cooler weather conditions in the fall and winter seasons are typically the strongest pork consumption months in China. Demand for live hogs continues to be strong. Market hogs are currently sold at more than $240 each based on 110kg in average weight
[09:21] {Threei} I don't get it cosmo
[09:21] {Threei} I read twice full text
[09:22] {cosmo} me too
[09:22] {Threei} couldn't see anything about failure
[09:22] {cosmo} hmmm
[09:22] {Threei} Based on the initial analyses, both clinical trials met the primary endpoint
[09:23] {Threei} there is a lot of non-understandable scientific drivel
[09:23] {Threei} I guess something in it is a hidden "we failed"
[09:23] {dino} gm all
[09:24] {Threei} dino :)
[09:24] {dino} so they finally did it
[09:24] {Threei} yup
[09:25] {Threei} opening is likely to be beyond volatile
[09:25] {Threei} I intend to wait it out, let the dust settle
[09:27] {dino} congrats brian....and yes, they take a more though financial interest. all the best
[09:28] {brian3579} ty
[09:28] {tomg} gm all
[09:28] {Threei} tom :)
[09:28] {judijim} good morning everyone
[09:28] {Threei} jj :)
[09:29] {dino} this is one heck of a gap that will need to be filled, imo
[09:29] {cosmo} ETFC 3.73 test ...at some point
[09:30] {Threei} FNM opens under 1.50
[09:30] {dptl} good morning all
[09:30] {Threei} dp :)
[09:30] {Threei} FRE under 1
[09:32] {Threei} Long Setup: CLNE 20 if holding above 19.80
[09:33] {patience} short covering day, still think dow will drop below 11k when sense comes back to the market and good morning to you all :)
[09:33] {Threei} patience :)
[09:35] {peterg} so vad u r saying buy sign is .20 if holds above .80;
[09:35] {peterg} aggressive buy would be now
[09:35] {Threei} $20
[09:35] {Threei} not .20
[09:35] {Threei} right
[09:35] {peterg} ah
[09:35] {esemde} caty....
[09:36] {dino} watching 11790 area patience, we are starting to think alike
[09:36] {esemde} couldn't find a place to get in
[09:36] {esemde} man
[09:36] {patience} world has gone mad dino
[09:37] {patience} bought agrium last week at 77 (cdn), now at 84
[09:37] {dino} robert marcin: rejoicing over failure, think thats about right
[09:37] {Threei} Long Setup: WB .66
[09:37] {Threei} stop .49
[09:45] {pita} next support WB?
[09:46] {Threei} about 18.50
[09:46] {Threei} FRE and FNM big bounces
[09:48] {Threei} and just as big pullbacks
[09:50] {dino} worthless in the end imo
[09:50] {dino} mbhi not participating
[09:53] {Threei} don't rush to buy WB
[09:53] {Threei} let it stabilize
[09:53] {dino} don't rush anything, we're already down 110 pts from open
[09:54] {Threei} yeah
[09:55] {Threei} bounce time
[09:55] {Threei} .51 long WB
[09:55] {Threei} if holding above .40
[10:01] {dino} auth, biod
[10:09] {Threei} RIMM bounce time IMO
[10:09] {Threei} 107 break trigger
[10:10] {Threei} low of this pullback will establish stop
[10:12] {Threei} no worky
[10:13] {Threei} US GOVT. TO DELAY A NUCLEAR AGREEMENT WITH RUSSIA
[10:16] {dino} scanner all red
[10:16] {Roman} i don't agree dino
[10:16] {Roman} QIL is green
[10:17] {Roman} QLD
[10:18] {Threei} can'ty find a decent play so far, a lot of volatility with no readable setups
[10:18] {dino} my scanner rfr
[10:19] {fernp} PMTC Vad?
[10:20] {Roman} market bounces strong here IMO
[10:23] {Threei} 21 would be trigger fern
[10:24] {Threei} would like it hol 20.80
[10:24] {fernp} ty
[10:26] {cosmo} ETFC holding 3.50 ....so far...
[10:26] {cosmo} testing
[10:26] {cosmo} fyi
[10:30] {dino} af sm s .14
[10:31] {dino} wfsl sm s .61
[10:32] {dino} stalking cyn too
[10:32] {Threei} market looks ready for recovery but heck, which stock is to follow
[10:32] {Threei} can't find a worthy candidate
[10:33] {Roman} WB
[10:34] {Threei} .51/
[10:34] {Threei} ?
[10:34] {Roman} i am buying here
[10:34] {Roman} 18.41
[10:35] {Roman} the rinses are great
[10:35] {Roman} let's of fun
[10:35] {magoo} if IF mkt bounces hard..aapl should go green imo
[10:36] {Roman} magoo, just tell me where to buy
[10:36] {Roman} i will go with you with my eyes closed
[10:37] {Roman} you are one of the luckiest bastards on the planet earth
[10:38] {Roman} in WM
[10:38] {Roman} looks like a minu capitualtion here
[10:38] {Roman} 4.05
[10:39] {magoo} GREEN
[10:39] {magoo} that was buck fitty
[10:40] {magoo} from mention
[10:41] {magoo} now..i would think if mkt continues upo...rimm would get green BUT BUT..rimm has sucked lately
[10:42] {Threei} (RU) RUSSIAN PRES MEDVEDEV: WILL PULL TROOPS FROM SOUTH OSSETIAN ZONE ASSUMING AN INTERNATIONAL FORCE IS PLACED IN ABSENCE, WILL PULL PEACEKEEPERS FROM 5 ZONES NEAR THE PORT OF POTI
[10:43] {Roman} stopped WM -.20
[10:45] {dino} cyn sm s .04
[10:47] {Threei} 1.20 is acting as a strong resistance on FRE
[10:48] {Threei} looks like .21 will be worth a try for a scalp
[10:48] {Threei} if loses 1.10, likely to dive under 1
[10:50] {Roman} out WB -.08
[10:51] {Threei} wow, look at LEH crash
[10:51] {dino} isys
[10:56] {dino} rumor the deals fell apart
[10:56] {dino} leh that is
[10:57] {Chaeron} Good morning all
[10:57] {Threei} chaeron :)
[10:57] {Roman} UAUA ?
[10:58] {dino} what did you call me?
[10:58] {dino} :)
[10:59] {Threei} don't see news
[10:59] {dino} -150 from hod
[10:59] {Roman} UAUA UAL Corp. files for Ch. 11 to cut costs by 20%, according to CEO Tilton - Bloomberg (8.52 -3.80)
[10:59] {Threei} oh boy
[10:59] {Roman} cal
[10:59] {Threei} shortable still
[11:00] {Roman} CaL
[11:01] {dino} amr w/it
[11:01] {Threei} looking to short UAUA
[11:01] {dino} v sm s uaua .00 wide
[11:01] {dptl} holyy..all air lines
[11:02] {dino} ndx red
[11:02] {Threei} missed near 6
[11:02] {Threei} not sure now
[11:02] {Threei} such bounce for a bankrupt?
[11:02] {Threei} something's wierd
[11:02] {dino} pcln v sm l .30 wide
[11:02] {Threei} is it a rumor?
[11:03] {dino} forgot i had it out there
[11:03] {Threei} HEARING FILES CHAPTER 11 - UNCONFIRMED REPORT
[11:03] {Threei} {CAL DAL LUV}
[11:03] {Threei} wow
[11:05] {Threei} have you ever sen anything like this?
[11:05] {dino} is it filed or not? can't find it
[11:05] {dptl} amasing
[11:05] {Threei} no idea, my news says unconfirmed
[11:07] {Threei} halt?
[11:07] {Threei} trading stopped on UAUA
[11:07] {dino} halted
[11:07] {Threei} UAUA DENIES BANKRUPCTY
[11:07] {dino} watching amr
[11:08] {dino} cov wfsl .21 +.40
[11:08] {dptl} last trade 0.01?
[11:09] {dptl} uaua
[11:09] {dptl} on my t&s
[11:13] {Threei} 9.91
[11:13] {esemde} serious blow if it is bankrupt
[11:13] {Threei} 8.97, sorry
[11:13] {esemde} my quote is the same as dp's .01
[11:14] {Threei} CNBC'S FABER: A STORY POSTED ON CHICAGO TRIBUNE WAS A FOUR YEAR OLD STORY ABOUT UNITED'S PRIOR BANKRUPTCY
[11:14] {Threei} HALTED: SPOKESPERSON DENIES REPORTS OF BANKRUPCTY, CALLS STORY "A RUMOR"
[11:15] {dptl} wierd ..do you see 7.17 and7.99 1000s 7.93 4000s?
[11:16] {Chaeron} I do dp
[11:16] {Threei} yes
[11:16] {Threei} switchred sourse of T&S, see them now
[11:17] {Threei} 100 shares ar .01
[11:17] {Threei} I'd guess some trades will be broken
[11:17] {fernp} 11:13 UAUA UAL Corp: CNBC commentator says a story on bankruptcy is a 4 year old story, co says that it is completely and totally untrue
[11:17] {dptl} ye and last one is 0.01 100s lol....
[11:18] {dptl} that is good entry eh?
[11:19] {Threei} lol
[11:19] {Threei} too bad just 100 shares
[11:19] {dptl} no kiding :)
[11:20] {Threei} jeez... how many bags of popcorn does one need for today?
[11:21] {Threei} seriously... I thought I've seen it all
[11:27] {esemde} and the week is just getting started....
[11:28] {dino} may you live in interesting times
[11:29] {Chaeron} weel, look at your time and sales on UAUA dp... wish that was me that bot the 100s @ 0.01 and sold @ 999.99 :))
[11:30] {dino} cedc sm l .85
[11:30] {Threei} that wasn't you chaeron??
[11:30] {Chaeron} if it wasn't me and it wasn't you... it must have been...................... MAGOO!
[11:31] {dptl} lol Chaeron..
[11:31] {Threei} he did good
[11:31] {esemde} you all are a barrel of laughs....
[11:32] {Threei} for the sake of those who sold or shorted on this bs, I hope trades in low prices get broken
[11:32] {esemde} look at what happened to my long in NVDA ....some goof of an analyst
[11:32] {Threei} and knucklehead behind the idiotic rumor gets jailed
[11:33] {esemde} downgraded it to neutral today
[11:33] {esemde} not sell....or get the heck out but neutral
[11:34] {esemde} WHATEVER!!!!!!!!
[11:34] {peterg} & I was about to buy the rest of the float
[11:35] {Threei} NASDAQ MarketWatch is investigating potentially erroneous transactions involving the security UAL Corp executed between 10:55:00 and 11:08:00 ET today. MarketWatch will advise with details as soon as available.
[11:35] {dino} cov cyn .14, +.90
[11:36] {peterg} attaboy dino
[11:36] {dino} ty peter, lucky
[11:38] {dino} joyg destruction continues
[11:39] {dino} ma
[11:40] {dino} cedc stopped .60 -.25
[11:49] {dino} wow, for a big up day, the stuff i watch is pretty much down
[11:49] {Chaeron} you must be looking at my screens dino
[11:49] {dino} altho naz is negative now
[11:50] {dino} -2% from open
[11:51] {dino} feels like tuesday all over again
[11:53] {dino} ma -6, rimm -6, drys -3, fwlt -3, chk-2, spwr -3, etc
[11:54] {dino} gs going to go neg
[11:55] {peterg} leh slides further
[11:57] {Threei} hard to believe
[11:58] {dino} cedc rinsed
[12:01] {dino} npsp
[12:06] {Chaeron} $1.00 wall of fRE getting eaten
[12:07] {esemde} signing off ...have a g4reat day see you tomorro32w
[12:07] {Chaeron} bye ese
[12:07] {esemde} CHYHHHH
[12:07] {Threei} NASDAQ : TRADES FROM 10:55AMET TO 11:08AMET WILL STAND
[12:07] {Threei} take care ese
[12:07] {Chaeron} heh
[12:18] {Threei} UAUA opens at 12:30
[12:22] {Threei} SSUES FORMAL RELEASE DENYING RUMORED BANKRUPTCY, NOTES THE COMPANY CONTINUES TO HAVE STRONG LIQUIDITY
[12:22] {Threei} I doubt it opens where it shows quotes right now
[12:22] {Threei} but if it does... it's a good entry
[12:24] {Threei} RIMM
[12:24] {Threei} HEARING POSITIVE COMMENTS OUT OF CANNACORD ADAMS
[12:26] {Threei} bid 11.10
[12:26] {dino} gtls sm l .86
[12:29] {Threei} wierd repositioning
[12:30] {dino} fmcn sm l .00
[12:34] {dino} pretty much screwed on my uaua short, cov -.6
[12:34] {dino} 6.
[12:36] {Threei} can't believe they haven't broken trades
[12:36] {Threei} saw them doing that in less clearcut cases
[12:38] {dino} same here, whenever i win big on them they cancel, c'mon 999.99-.01
[12:38] {Threei} no kidding
[12:38] {dino} you know, the stuff that was illegal a year ago, now happens daily
[12:39] {dino} case in point fnm, fre, leh, etc, "our capital is fine...no shorts allowed...etc"
[12:39] {dino} you watch 30 days from now uaua will issue the bankruptcy statemernt
[12:41] {Threei} you mean Chicago Tribune was not 4 years late but rather 1 month early on that report?
[12:41] {dino} at least they busted enron for these false statements
[12:41] {dino} yes 3i, watch and see
[12:48] {Threei} Long Setup: CLNE .50 break if stays above .35
[12:51] {dino} tighten gtls to .35
[12:52] {Threei} Long Setup: LEH 14.15 if stays above 14
[12:53] {dino} out gtls +.46 slipped
[12:53] {Threei} if NQ breaks 1760 LEH should be good for 1:2
[12:57] {Threei} come on LEH
[12:57] {Threei} MER and JPM spike
[12:58] {dino} ilmn sm l .00
[12:59] {dino} brb
[13:00] {Threei} sigh
[13:00] {Threei} stopped
[13:01] {Threei} is anything going to work today?
[13:10] {dino} i wonder, the talking heads stated we are out of bear market this a.m.; what do they think now
[13:12] {dino} because i'm not sure a neg. naz qualifies
[13:12] {peterg} DJ still up 160
[13:12] {peterg} wow
[13:12] {peterg} full bull
[13:13] {peterg} ahead
[13:13] {cosmo} 'full of...'
[13:13] {peterg} yep
[13:13] {cosmo} :)
[13:14] {Threei} TRIBUNE COMPANY IS REPORTEDLY LOOKING INTO THE ERRONEOUS POSTING OF THE OLD UAL CORP STORY
[13:14] {dino} the other q is, tues. blow off top 11790, today 11570; hmmmm
[13:14] {Threei} jeez
[13:15] {peterg} TRIBUNE REPORTS EARTH IN DANGER FROM IMMINENT COMET STRIKE
[13:16] {Chaeron} so short everything?
[13:16] {peterg} right!
[13:16] {Threei} maybe wait for denial
[13:16] {Threei} they will halt Earth
[13:16] {Chaeron} don't laugh... they think they have the power
[13:17] {cosmo} they?
[13:17] {Threei} sorry... THEY
[13:17] {Chaeron} you know.... "them"
[13:18] {dino} "they" are part of sarah lee
[13:18] {cosmo} every time I think about this, I come up with 'us'
[13:19] {Threei} that;s deep
[13:19] {dino} cosmo, you should know about the comet
[13:19] {cosmo} yea...checking
[13:20] {dino} ty
[13:20] {dino} sm l cedc last try
[13:20] {dino} .00
[13:22] {Threei} OPEC PRESIDENT: CARTEL WILL DISCUSS DECISION ON WHETHER OR NOT TO CUT OUTPUT AT MEETING TOMMOROW
[13:22] {Threei} - Notes that the oil market may be oversupplied at year end, an oversupply of between 500K bpd 1.5M in early 2009, oil stocks 'healthy'
[13:22] {Threei} - Remarks that all options are open, including a cut
[13:24] {dino} af bstop to b/e
[13:26] {Threei} CLNE invalidated
[13:26] {Threei} probably a good thing
[13:31] {dino} af stopped flat
[13:40] {dptl} going to finish early ....have a good rest of the day all..see ya tomorrow :)
[13:40] {Threei} take care dp
[13:41] {dino} cya dp
[13:43] {Threei} wow FNM
[13:43] {Threei} come on dino, surelyy you didn't mean TIDAY when said it goes to zero??
[13:43] {Threei} today
[13:44] {peterg} tiday is australian for today
[13:44] {Threei} korrekt
[13:44] {Threei} or if you will, eqzaktly
[13:45] {peterg} yzz
[13:46] {Threei} great... now LEH is doing what it ought to do on that call
[13:46] {Threei} let's face it... if you put me in a wet paper bag today, I couldn't trade my way out
[13:49] {dino} aside from uaua i was doing fine
[13:50] {dino} fnm, fre, most likely double from hear then eventually to zero
[13:51] {dino} but man, the common could be over by the close
[13:51] {dino} coin toss. never know what the powers that be will say at close
[13:54] {dino} whats ffnm's preferred symbol?
[14:00] {dino} fmcn stopped -.63 -.37
[14:04] {dino} isys sm l .50
[14:11] {Threei} CIEN
[14:11] {Threei} .37 short for acsalp
[14:11] {Threei} scalp
[14:46] {Threei} WM
[14:46] {Threei} CEO: COMPANY SEEKING TO FOCUS ON EXECUTION AND AVOIDING MISTAKES, NO 'RADICAL CHANGES' ARE PLANNED
[14:46] {Threei} - Notes that adjustments in the mortgage market will not necessarily slow growth
[14:48] {Threei} don't look now... but we probably got a winner... can't believe my eyes
[14:49] {Threei} CIEN is at 1:1
[14:53] {Threei} out +.11
[14:55] {Threei} what, no takers?
[14:56] {Threei} you all gave up on me?
[14:56] {Threei} fine... my only consolation left then:
06[14:56] * Threei slaps laserdave1 around a bit with a large trout
[15:03] {peterg} gave up on mkt, sensie
[15:03] {peterg} not your esteemed self
[15:04] {peterg} sensei
[15:04] {Threei} thank you
[15:04] {Threei} I had to get one right however small it is
[15:04] {Threei} just to preserve some self-respect, you know
[15:04] {peterg} I have retreated to study, preparing class for next wk
[15:05] {peterg} of course
[15:05] {dino} out ilmn .37, +.37
[15:22] {Threei} WB is trying to recover
[15:22] {Threei} one of financials remained actually quite strong
[15:39] {judijim} that's enough excitment for today, take care, be back tomorrow
[15:40] {Threei} take care jj
[15:44] {dino} gotta hop, baseball game. cutting isys .84 +.34
[15:45] {Threei} see you tomorrow dino
[15:52] {magoo} i can not remember aapl rimm being this many days this werak
[15:52] {Threei} there is a lot about this day I don't think I can remember
[15:52] {Threei} and I find it hard to beleiev UAUA debacle is not going to be investigate
[15:53] {Threei} how do you "accidenatlly" publish 4 years old story?
[15:53] {magoo} and how could they not break those trades
[15:53] {Threei} no kidding
[15:54] {Threei} find who was responsible for the story, and look into his whole circle of comunication - I bet you will find who shorted it before the story
[15:54] {Threei} or bought into sharp drop
[15:55] {Threei} and forget Martha - this is real crime
[15:56] {magoo} manb..i was just typing that...mno kidding
[15:57] {Threei} OK guys, let's have a good evening and come back fresh tomorrow
[15:58] {Threei} take care, see you in the morning
[15:58] {peterg} tks vad see you tmo; group all gnite
[15:58] {magoo} ty vad
[15:58] {fernp} ty Vad
[08:26] {magoo} morning
[08:30] {Threei} CLNE
[08:30] {Threei} TO ACQUIRE FUELMAKER, NATURAL GAS FUELING APPLIANCES MAKER FROM HONDA
[08:30] {Threei} Good morning
[08:31] {magoo} hi vad
[08:31] {Threei} do you have any other words this morning but "holy mackerel"?
[08:32] {magoo} really...i tried to get in office to beat that big gap
[08:32] {magoo} but it hit aroiund 8 am
[08:32] {magoo} got here 8.20
[08:32] {Threei} you wouldn't anyway
[08:32] {Threei} things just open where they are
[08:33] {Threei} unless you were long from Fri close, it's a waste
[08:33] {esemde} morning...wow DJ up 2 billion
[08:33] {Threei} ese :)
[08:34] {esemde} can't recall the last time I saw it up like that.....on sunday even .....261pts
[08:34] {esemde} morning vad.....nice day here yesterday
[08:34] {Threei} well... these are times with probably no precedent
[08:35] {Threei} gorgeous weather
[08:36] {esemde} yes indeed ...lending people money who don't have the ability to pay it back.....
[08:38] {Threei} and then bailing lenders out with money of those who still can pay
[08:39] {Threei} WB looks the strongest among financials
[08:39] {esemde} they would have flunked the finance classes that i took anyway.....
[08:40] {Threei} my perception is, it's not even about finance
[08:41] {Threei} it's about major philosophy/ideology
[08:41] {Threei} it's a capitalism vs socialism issue
[08:42] {esemde} hmmmmmmm you've got me there....how do you figure
[08:42] {Threei} well... we let people and companies live with the outcomes of their own decisions,
[08:42] {esemde} yes that should be what happens
[08:43] {Threei} or we invoke govt's power to take money from responsible and bail out irresponsible
[08:43] {esemde} got it...
[08:43] {Threei} first is capitalism, second is redistribution of wealth on the base of need,
[08:43] {Threei} granted unearned to those who didn't esrned
[08:43] {Threei} earn
[08:46] {esemde} wachovia hasn't really been in as much trouble as some of the other banks has it
[08:46] {Threei} I guess
[08:46] {Threei} all banks gap up but most retreat a little
[08:46] {Threei} not WB
[08:47] {brian3579} gm all
[08:47] {Threei} brian :)
[08:47] {esemde} Life of brian....good morning
[08:48] {magoo} i don't see it..if i stop paying my mortgage today the gov't isn't going to save my home for me..or is it?
[08:48] {esemde} vad will.....???
[08:49] {Threei} lol
[08:52] {Threei} FRE/FNM are halted till market open
[08:53] {Threei} 07:00am [ALTI] Altair Nanotechnologies Develops Revolutionary Battery for U.S. Navy
[08:55] {esemde} How bout Detroit Electric making a comeback....read the story on the weekend.....will be producing electric cars
[08:56] {brian3579} I got engaged this weekend is it normal for her to keep walking by the computer and checking my account balance?
[08:56] {esemde} in Belgium???Holland???
[08:56] {esemde} ha ha ha ha
[08:56] {Threei} lol brian
[08:56] {Threei} congratulations anyway :)
[08:56] {brian3579} ty
[08:56] {esemde} congrats for sure!!!
[08:57] {cosmo} BIOD
[08:57] {esemde} come on a honey moon to Victoria BC
[08:57] {brian3579} sounds good
[08:58] {Threei} 03:00am [BIOD] Releases preliminary results of pivotal {hase III clinical trials for VIAject
[08:58] {Threei} nice haircut
[08:59] {cosmo} it needs 8 (soon) on the bounce
[09:01] {cosmo} hmmm...looks more like a beheading...
[09:03] {Threei} ABK
[09:03] {Threei} RECEIVES REGULATORY APPROVAL TO SUPPORT OBLIGATIONS OF ITS INVESTMENT AGREEMENT BUSINESS
[09:03] {Threei} - State of Wisconsin, Office of the Commissioner of Insurance (OCI) has approved up to $1 billion in future intercompany asset sales and secured lending transactions between Ambac Assurance Corp. (Ambac Assurance) and its Investment Agreement business affiliates which when combined with an existing approval of $200 million in secured lending transactions will enhance the liquidity within Ambac's financial services segment. Any transactions undertaken pursuant to these approvals will be executed on an arms-length basis and in accordance with Ambac Assurance's investment guidelines.
[09:05] {esemde} wow biod...huge plunge ...this one is for dino for sure
[09:07] {cosmo} BIOD: ...announces reliminary results of pivotal Phase III clinical trials for VIAject; meets primary endpointBriefing.com(Mon 7:30am)
[09:07] {peterg} gm all, congratulations ese!
[09:08] {Threei} peter :)
[09:08] {cosmo} ETFC pre mkt high = 3.73 fwiw
[09:09] {Onix} gm all
[09:09] {Threei} onix :)
[09:11] {pita} gm all
[09:11] {Threei} pita :)
[09:13] {esemde} morning peter....it's not getting marriged...it's brian
[09:14] {fernp} good morning all
[09:14] {Threei} fern :)
[09:14] {peterg} aha! congratulations Brian!
[09:14] {brian3579} ty
[09:19] {Threei} more selling BIOD
[09:20] {cosmo} # Biodel's diabetes drug VIAject meets goalsat Reuters(Mon 7:42am)
[09:21] {Threei} FEED
[09:21] {Threei} DISCUSSES EFFECT OF DECLINING COMMODITY PRICES ON BUSINESS
[09:21] {Threei} - AgFeed Benefits from Declining Commodity Prices and China's Harvest of New Crops
[09:21] {Threei} - Corn and soy bean meal are two major feed input costs for hog production. China is currently experiencing a year of good harvest in both domestic corn and soy bean crops. Prices for both commodity products have continued to decline and AgFeed is currently seeing expanded profit margins on hog production.
[09:21] {Threei} - Hog prices in our target markets of South China have increased steadily since cooler weather conditions in the fall and winter seasons are typically the strongest pork consumption months in China. Demand for live hogs continues to be strong. Market hogs are currently sold at more than $240 each based on 110kg in average weight
[09:21] {Threei} I don't get it cosmo
[09:21] {Threei} I read twice full text
[09:22] {cosmo} me too
[09:22] {Threei} couldn't see anything about failure
[09:22] {cosmo} hmmm
[09:22] {Threei} Based on the initial analyses, both clinical trials met the primary endpoint
[09:23] {Threei} there is a lot of non-understandable scientific drivel
[09:23] {Threei} I guess something in it is a hidden "we failed"
[09:23] {dino} gm all
[09:24] {Threei} dino :)
[09:24] {dino} so they finally did it
[09:24] {Threei} yup
[09:25] {Threei} opening is likely to be beyond volatile
[09:25] {Threei} I intend to wait it out, let the dust settle
[09:27] {dino} congrats brian....and yes, they take a more though financial interest. all the best
[09:28] {brian3579} ty
[09:28] {tomg} gm all
[09:28] {Threei} tom :)
[09:28] {judijim} good morning everyone
[09:28] {Threei} jj :)
[09:29] {dino} this is one heck of a gap that will need to be filled, imo
[09:29] {cosmo} ETFC 3.73 test ...at some point
[09:30] {Threei} FNM opens under 1.50
[09:30] {dptl} good morning all
[09:30] {Threei} dp :)
[09:30] {Threei} FRE under 1
[09:32] {Threei} Long Setup: CLNE 20 if holding above 19.80
[09:33] {patience} short covering day, still think dow will drop below 11k when sense comes back to the market and good morning to you all :)
[09:33] {Threei} patience :)
[09:35] {peterg} so vad u r saying buy sign is .20 if holds above .80;
[09:35] {peterg} aggressive buy would be now
[09:35] {Threei} $20
[09:35] {Threei} not .20
[09:35] {Threei} right
[09:35] {peterg} ah
[09:35] {esemde} caty....
[09:36] {dino} watching 11790 area patience, we are starting to think alike
[09:36] {esemde} couldn't find a place to get in
[09:36] {esemde} man
[09:36] {patience} world has gone mad dino
[09:37] {patience} bought agrium last week at 77 (cdn), now at 84
[09:37] {dino} robert marcin: rejoicing over failure, think thats about right
[09:37] {Threei} Long Setup: WB .66
[09:37] {Threei} stop .49
[09:45] {pita} next support WB?
[09:46] {Threei} about 18.50
[09:46] {Threei} FRE and FNM big bounces
[09:48] {Threei} and just as big pullbacks
[09:50] {dino} worthless in the end imo
[09:50] {dino} mbhi not participating
[09:53] {Threei} don't rush to buy WB
[09:53] {Threei} let it stabilize
[09:53] {dino} don't rush anything, we're already down 110 pts from open
[09:54] {Threei} yeah
[09:55] {Threei} bounce time
[09:55] {Threei} .51 long WB
[09:55] {Threei} if holding above .40
[10:01] {dino} auth, biod
[10:09] {Threei} RIMM bounce time IMO
[10:09] {Threei} 107 break trigger
[10:10] {Threei} low of this pullback will establish stop
[10:12] {Threei} no worky
[10:13] {Threei} US GOVT. TO DELAY A NUCLEAR AGREEMENT WITH RUSSIA
[10:16] {dino} scanner all red
[10:16] {Roman} i don't agree dino
[10:16] {Roman} QIL is green
[10:17] {Roman} QLD
[10:18] {Threei} can'ty find a decent play so far, a lot of volatility with no readable setups
[10:18] {dino} my scanner rfr
[10:19] {fernp} PMTC Vad?
[10:20] {Roman} market bounces strong here IMO
[10:23] {Threei} 21 would be trigger fern
[10:24] {Threei} would like it hol 20.80
[10:24] {fernp} ty
[10:26] {cosmo} ETFC holding 3.50 ....so far...
[10:26] {cosmo} testing
[10:26] {cosmo} fyi
[10:30] {dino} af sm s .14
[10:31] {dino} wfsl sm s .61
[10:32] {dino} stalking cyn too
[10:32] {Threei} market looks ready for recovery but heck, which stock is to follow
[10:32] {Threei} can't find a worthy candidate
[10:33] {Roman} WB
[10:34] {Threei} .51/
[10:34] {Threei} ?
[10:34] {Roman} i am buying here
[10:34] {Roman} 18.41
[10:35] {Roman} the rinses are great
[10:35] {Roman} let's of fun
[10:35] {magoo} if IF mkt bounces hard..aapl should go green imo
[10:36] {Roman} magoo, just tell me where to buy
[10:36] {Roman} i will go with you with my eyes closed
[10:37] {Roman} you are one of the luckiest bastards on the planet earth
[10:38] {Roman} in WM
[10:38] {Roman} looks like a minu capitualtion here
[10:38] {Roman} 4.05
[10:39] {magoo} GREEN
[10:39] {magoo} that was buck fitty
[10:40] {magoo} from mention
[10:41] {magoo} now..i would think if mkt continues upo...rimm would get green BUT BUT..rimm has sucked lately
[10:42] {Threei} (RU) RUSSIAN PRES MEDVEDEV: WILL PULL TROOPS FROM SOUTH OSSETIAN ZONE ASSUMING AN INTERNATIONAL FORCE IS PLACED IN ABSENCE, WILL PULL PEACEKEEPERS FROM 5 ZONES NEAR THE PORT OF POTI
[10:43] {Roman} stopped WM -.20
[10:45] {dino} cyn sm s .04
[10:47] {Threei} 1.20 is acting as a strong resistance on FRE
[10:48] {Threei} looks like .21 will be worth a try for a scalp
[10:48] {Threei} if loses 1.10, likely to dive under 1
[10:50] {Roman} out WB -.08
[10:51] {Threei} wow, look at LEH crash
[10:51] {dino} isys
[10:56] {dino} rumor the deals fell apart
[10:56] {dino} leh that is
[10:57] {Chaeron} Good morning all
[10:57] {Threei} chaeron :)
[10:57] {Roman} UAUA ?
[10:58] {dino} what did you call me?
[10:58] {dino} :)
[10:59] {Threei} don't see news
[10:59] {dino} -150 from hod
[10:59] {Roman} UAUA UAL Corp. files for Ch. 11 to cut costs by 20%, according to CEO Tilton - Bloomberg (8.52 -3.80)
[10:59] {Threei} oh boy
[10:59] {Roman} cal
[10:59] {Threei} shortable still
[11:00] {Roman} CaL
[11:01] {dino} amr w/it
[11:01] {Threei} looking to short UAUA
[11:01] {dino} v sm s uaua .00 wide
[11:01] {dptl} holyy..all air lines
[11:02] {dino} ndx red
[11:02] {Threei} missed near 6
[11:02] {Threei} not sure now
[11:02] {Threei} such bounce for a bankrupt?
[11:02] {Threei} something's wierd
[11:02] {dino} pcln v sm l .30 wide
[11:02] {Threei} is it a rumor?
[11:03] {dino} forgot i had it out there
[11:03] {Threei} HEARING FILES CHAPTER 11 - UNCONFIRMED REPORT
[11:03] {Threei} {CAL DAL LUV}
[11:03] {Threei} wow
[11:05] {Threei} have you ever sen anything like this?
[11:05] {dino} is it filed or not? can't find it
[11:05] {dptl} amasing
[11:05] {Threei} no idea, my news says unconfirmed
[11:07] {Threei} halt?
[11:07] {Threei} trading stopped on UAUA
[11:07] {dino} halted
[11:07] {Threei} UAUA DENIES BANKRUPCTY
[11:07] {dino} watching amr
[11:08] {dino} cov wfsl .21 +.40
[11:08] {dptl} last trade 0.01?
[11:09] {dptl} uaua
[11:09] {dptl} on my t&s
[11:13] {Threei} 9.91
[11:13] {esemde} serious blow if it is bankrupt
[11:13] {Threei} 8.97, sorry
[11:13] {esemde} my quote is the same as dp's .01
[11:14] {Threei} CNBC'S FABER: A STORY POSTED ON CHICAGO TRIBUNE WAS A FOUR YEAR OLD STORY ABOUT UNITED'S PRIOR BANKRUPTCY
[11:14] {Threei} HALTED: SPOKESPERSON DENIES REPORTS OF BANKRUPCTY, CALLS STORY "A RUMOR"
[11:15] {dptl} wierd ..do you see 7.17 and7.99 1000s 7.93 4000s?
[11:16] {Chaeron} I do dp
[11:16] {Threei} yes
[11:16] {Threei} switchred sourse of T&S, see them now
[11:17] {Threei} 100 shares ar .01
[11:17] {Threei} I'd guess some trades will be broken
[11:17] {fernp} 11:13 UAUA UAL Corp: CNBC commentator says a story on bankruptcy is a 4 year old story, co says that it is completely and totally untrue
[11:17] {dptl} ye and last one is 0.01 100s lol....
[11:18] {dptl} that is good entry eh?
[11:19] {Threei} lol
[11:19] {Threei} too bad just 100 shares
[11:19] {dptl} no kiding :)
[11:20] {Threei} jeez... how many bags of popcorn does one need for today?
[11:21] {Threei} seriously... I thought I've seen it all
[11:27] {esemde} and the week is just getting started....
[11:28] {dino} may you live in interesting times
[11:29] {Chaeron} weel, look at your time and sales on UAUA dp... wish that was me that bot the 100s @ 0.01 and sold @ 999.99 :))
[11:30] {dino} cedc sm l .85
[11:30] {Threei} that wasn't you chaeron??
[11:30] {Chaeron} if it wasn't me and it wasn't you... it must have been...................... MAGOO!
[11:31] {dptl} lol Chaeron..
[11:31] {Threei} he did good
[11:31] {esemde} you all are a barrel of laughs....
[11:32] {Threei} for the sake of those who sold or shorted on this bs, I hope trades in low prices get broken
[11:32] {esemde} look at what happened to my long in NVDA ....some goof of an analyst
[11:32] {Threei} and knucklehead behind the idiotic rumor gets jailed
[11:33] {esemde} downgraded it to neutral today
[11:33] {esemde} not sell....or get the heck out but neutral
[11:34] {esemde} WHATEVER!!!!!!!!
[11:34] {peterg} & I was about to buy the rest of the float
[11:35] {Threei} NASDAQ MarketWatch is investigating potentially erroneous transactions involving the security UAL Corp executed between 10:55:00 and 11:08:00 ET today. MarketWatch will advise with details as soon as available.
[11:35] {dino} cov cyn .14, +.90
[11:36] {peterg} attaboy dino
[11:36] {dino} ty peter, lucky
[11:38] {dino} joyg destruction continues
[11:39] {dino} ma
[11:40] {dino} cedc stopped .60 -.25
[11:49] {dino} wow, for a big up day, the stuff i watch is pretty much down
[11:49] {Chaeron} you must be looking at my screens dino
[11:49] {dino} altho naz is negative now
[11:50] {dino} -2% from open
[11:51] {dino} feels like tuesday all over again
[11:53] {dino} ma -6, rimm -6, drys -3, fwlt -3, chk-2, spwr -3, etc
[11:54] {dino} gs going to go neg
[11:55] {peterg} leh slides further
[11:57] {Threei} hard to believe
[11:58] {dino} cedc rinsed
[12:01] {dino} npsp
[12:06] {Chaeron} $1.00 wall of fRE getting eaten
[12:07] {esemde} signing off ...have a g4reat day see you tomorro32w
[12:07] {Chaeron} bye ese
[12:07] {esemde} CHYHHHH
[12:07] {Threei} NASDAQ : TRADES FROM 10:55AMET TO 11:08AMET WILL STAND
[12:07] {Threei} take care ese
[12:07] {Chaeron} heh
[12:18] {Threei} UAUA opens at 12:30
[12:22] {Threei} SSUES FORMAL RELEASE DENYING RUMORED BANKRUPTCY, NOTES THE COMPANY CONTINUES TO HAVE STRONG LIQUIDITY
[12:22] {Threei} I doubt it opens where it shows quotes right now
[12:22] {Threei} but if it does... it's a good entry
[12:24] {Threei} RIMM
[12:24] {Threei} HEARING POSITIVE COMMENTS OUT OF CANNACORD ADAMS
[12:26] {Threei} bid 11.10
[12:26] {dino} gtls sm l .86
[12:29] {Threei} wierd repositioning
[12:30] {dino} fmcn sm l .00
[12:34] {dino} pretty much screwed on my uaua short, cov -.6
[12:34] {dino} 6.
[12:36] {Threei} can't believe they haven't broken trades
[12:36] {Threei} saw them doing that in less clearcut cases
[12:38] {dino} same here, whenever i win big on them they cancel, c'mon 999.99-.01
[12:38] {Threei} no kidding
[12:38] {dino} you know, the stuff that was illegal a year ago, now happens daily
[12:39] {dino} case in point fnm, fre, leh, etc, "our capital is fine...no shorts allowed...etc"
[12:39] {dino} you watch 30 days from now uaua will issue the bankruptcy statemernt
[12:41] {Threei} you mean Chicago Tribune was not 4 years late but rather 1 month early on that report?
[12:41] {dino} at least they busted enron for these false statements
[12:41] {dino} yes 3i, watch and see
[12:48] {Threei} Long Setup: CLNE .50 break if stays above .35
[12:51] {dino} tighten gtls to .35
[12:52] {Threei} Long Setup: LEH 14.15 if stays above 14
[12:53] {dino} out gtls +.46 slipped
[12:53] {Threei} if NQ breaks 1760 LEH should be good for 1:2
[12:57] {Threei} come on LEH
[12:57] {Threei} MER and JPM spike
[12:58] {dino} ilmn sm l .00
[12:59] {dino} brb
[13:00] {Threei} sigh
[13:00] {Threei} stopped
[13:01] {Threei} is anything going to work today?
[13:10] {dino} i wonder, the talking heads stated we are out of bear market this a.m.; what do they think now
[13:12] {dino} because i'm not sure a neg. naz qualifies
[13:12] {peterg} DJ still up 160
[13:12] {peterg} wow
[13:12] {peterg} full bull
[13:13] {peterg} ahead
[13:13] {cosmo} 'full of...'
[13:13] {peterg} yep
[13:13] {cosmo} :)
[13:14] {Threei} TRIBUNE COMPANY IS REPORTEDLY LOOKING INTO THE ERRONEOUS POSTING OF THE OLD UAL CORP STORY
[13:14] {dino} the other q is, tues. blow off top 11790, today 11570; hmmmm
[13:14] {Threei} jeez
[13:15] {peterg} TRIBUNE REPORTS EARTH IN DANGER FROM IMMINENT COMET STRIKE
[13:16] {Chaeron} so short everything?
[13:16] {peterg} right!
[13:16] {Threei} maybe wait for denial
[13:16] {Threei} they will halt Earth
[13:16] {Chaeron} don't laugh... they think they have the power
[13:17] {cosmo} they?
[13:17] {Threei} sorry... THEY
[13:17] {Chaeron} you know.... "them"
[13:18] {dino} "they" are part of sarah lee
[13:18] {cosmo} every time I think about this, I come up with 'us'
[13:19] {Threei} that;s deep
[13:19] {dino} cosmo, you should know about the comet
[13:19] {cosmo} yea...checking
[13:20] {dino} ty
[13:20] {dino} sm l cedc last try
[13:20] {dino} .00
[13:22] {Threei} OPEC PRESIDENT: CARTEL WILL DISCUSS DECISION ON WHETHER OR NOT TO CUT OUTPUT AT MEETING TOMMOROW
[13:22] {Threei} - Notes that the oil market may be oversupplied at year end, an oversupply of between 500K bpd 1.5M in early 2009, oil stocks 'healthy'
[13:22] {Threei} - Remarks that all options are open, including a cut
[13:24] {dino} af bstop to b/e
[13:26] {Threei} CLNE invalidated
[13:26] {Threei} probably a good thing
[13:31] {dino} af stopped flat
[13:40] {dptl} going to finish early ....have a good rest of the day all..see ya tomorrow :)
[13:40] {Threei} take care dp
[13:41] {dino} cya dp
[13:43] {Threei} wow FNM
[13:43] {Threei} come on dino, surelyy you didn't mean TIDAY when said it goes to zero??
[13:43] {Threei} today
[13:44] {peterg} tiday is australian for today
[13:44] {Threei} korrekt
[13:44] {Threei} or if you will, eqzaktly
[13:45] {peterg} yzz
[13:46] {Threei} great... now LEH is doing what it ought to do on that call
[13:46] {Threei} let's face it... if you put me in a wet paper bag today, I couldn't trade my way out
[13:49] {dino} aside from uaua i was doing fine
[13:50] {dino} fnm, fre, most likely double from hear then eventually to zero
[13:51] {dino} but man, the common could be over by the close
[13:51] {dino} coin toss. never know what the powers that be will say at close
[13:54] {dino} whats ffnm's preferred symbol?
[14:00] {dino} fmcn stopped -.63 -.37
[14:04] {dino} isys sm l .50
[14:11] {Threei} CIEN
[14:11] {Threei} .37 short for acsalp
[14:11] {Threei} scalp
[14:46] {Threei} WM
[14:46] {Threei} CEO: COMPANY SEEKING TO FOCUS ON EXECUTION AND AVOIDING MISTAKES, NO 'RADICAL CHANGES' ARE PLANNED
[14:46] {Threei} - Notes that adjustments in the mortgage market will not necessarily slow growth
[14:48] {Threei} don't look now... but we probably got a winner... can't believe my eyes
[14:49] {Threei} CIEN is at 1:1
[14:53] {Threei} out +.11
[14:55] {Threei} what, no takers?
[14:56] {Threei} you all gave up on me?
[14:56] {Threei} fine... my only consolation left then:
06[14:56] * Threei slaps laserdave1 around a bit with a large trout
[15:03] {peterg} gave up on mkt, sensie
[15:03] {peterg} not your esteemed self
[15:04] {peterg} sensei
[15:04] {Threei} thank you
[15:04] {Threei} I had to get one right however small it is
[15:04] {Threei} just to preserve some self-respect, you know
[15:04] {peterg} I have retreated to study, preparing class for next wk
[15:05] {peterg} of course
[15:05] {dino} out ilmn .37, +.37
[15:22] {Threei} WB is trying to recover
[15:22] {Threei} one of financials remained actually quite strong
[15:39] {judijim} that's enough excitment for today, take care, be back tomorrow
[15:40] {Threei} take care jj
[15:44] {dino} gotta hop, baseball game. cutting isys .84 +.34
[15:45] {Threei} see you tomorrow dino
[15:52] {magoo} i can not remember aapl rimm being this many days this werak
[15:52] {Threei} there is a lot about this day I don't think I can remember
[15:52] {Threei} and I find it hard to beleiev UAUA debacle is not going to be investigate
[15:53] {Threei} how do you "accidenatlly" publish 4 years old story?
[15:53] {magoo} and how could they not break those trades
[15:53] {Threei} no kidding
[15:54] {Threei} find who was responsible for the story, and look into his whole circle of comunication - I bet you will find who shorted it before the story
[15:54] {Threei} or bought into sharp drop
[15:55] {Threei} and forget Martha - this is real crime
[15:56] {magoo} manb..i was just typing that...mno kidding
[15:57] {Threei} OK guys, let's have a good evening and come back fresh tomorrow
[15:58] {Threei} take care, see you in the morning
[15:58] {peterg} tks vad see you tmo; group all gnite
[15:58] {magoo} ty vad
[15:58] {fernp} ty Vad
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