Session Time: Mon Sep 15 00:00:00 2008
[08:10] {esemde} morning.....if anyone is there
[08:11] {Threei} Good morning
[08:11] {brian3579} gm
[08:11] {Threei} had to wake up early to witness the end of the world
[08:12] {Threei} brian :)
[08:12] {esemde} last i saw yesterday...market was down huge DOW dn300+
[08:12] {Threei} just imagine, grandkids asking "how did the end of the world look" and me saying "oh, I slept through it"
[08:13] {esemde} no kidding
[08:14] {esemde} S&P -51, NAZ -53 DOW- 348
[08:15] {Threei} the only bright spot is oil, -4.97
[08:15] {esemde} too funny
[08:16] {Threei} AIG is getting some buying...
[08:16] {Threei} GS TO ASSUME SPECIALIST OPERATIONS FROM LEH ON THE NYSE
[08:18] {Threei} eventful weekend...
[08:18] {Threei} news wire was scorching hot
[08:19] {Threei} every few minutes new turn of LEH/AIG/MER/BAC etc
[08:23] {Threei} I see DJI - 439
[08:24] {Threei} strange... MER is dropping while BAC is not moving
[08:24] {Threei} deal is getting threatened or what
[08:26] {Threei} I don't see any reports... MER is trading like deal maybe falling through
[08:27] {Threei} with BAC at 29 and deal at .86, MER should be closer to 24
[08:27] {Onix} good morning all
[08:27] {Threei} was at 23.5, which was about right, then started selling off sharply
[08:27] {Threei} Onix :)
[08:28] {Threei} 'cause if the deal is off, I want to short the hell out of MER while it's above 20
[08:28] {Threei} and can't see what would keep it from falling to 15 at least
[08:30] {esemde} don't they just crang up MER shares liike that o get a better deal for when they dump them today VAD?
[08:30] {Threei} *SEPT EMPIRE MANUFACTURING: -7.4 V 1.0E
[08:31] {Threei} not sure I understand ese
[08:31] {magoo} morn
[08:31] {Threei} hey mags
[08:32] {esemde} MER shares are up about 4 dollars they should be tanking shouldn't they
[08:32] {Threei} MER got bought out by BAC
[08:32] {esemde} they've gone bankrupt
[08:32] {Threei} all stock deal, .86 of BAC shares
[08:32] {magoo} ya ya..i see
[08:33] {magoo} wow.remember our discussion friday that poeple were buying LEH, AIG for weekend deal?
[08:34] {esemde} had to leave didn't catch discussion
[08:34] {Threei} wasn't very astute, was it
[08:35] {magoo} vad, whats the deal?as in..laser says open at 7 a.m..can we trade at 7 a.,...seems everything starts at 8 am
[08:35] {Threei} we can
[08:35] {Threei} charts start at 8
[08:35] {Threei} bids/offers and your ability to place an order - from 7
[08:36] {magoo} oh..just no charts?
[08:36] {Threei} yup
[08:36] {magoo} but executions 7 a.m?
[08:36] {Threei} yes
[08:36] {magoo} or just bids/offers
[08:36] {Threei} [08:35] {Threei} bids/offers and your ability to place an order - from 7
[08:36] {Threei} wake up, will ya :)
[08:40] {Threei} the Boards of Directors of major banks and brokers have paid themselves from shareholder capital roughly $100 billion in year-end management performance bonuses over four years, including $38 billion this past year.
[08:42] {Threei} MORGAN STANLEY COMMENTS THAT A JPM BUYOUT OF WAMU WOULD MAKE SENSE
[08:43] {Threei} that sounds to me like an agreement between Moldova and Argentina about cooperation between Mongolia and Ecuador
[08:44] {Threei} ba back in 5
[08:50] {Threei} SEC: COMMITTED TO REDUCING THE DISLOCATIONS CAUSED BY LEHMAN'S BANKRUPTCY
[08:53] {Threei} oil under 95
[08:54] {magoo} vad..can u put up that C analysis again
[08:54] {pita} morning all, what a weekend, eh?
[08:54] {Threei} no kidding pita
[08:55] {Threei} C analysis?
[08:55] {magoo} yes
[08:55] {Threei} ?
[08:59] {fernp} Good morning everybody
[09:00] {Threei} fern :)
[09:04] {Threei} Raven... does it look like black monday to you?
[09:06] {Raven} like 1987 you mean ?
[09:06] {Threei} yeah
[09:07] {Raven} seems altogether different to me
[09:07] {Threei} do share
[09:07] {Raven} each crash is different
[09:08] {Raven} interest rates way lower .... derivatives outmof control
[09:08] {Raven} real estate an issue'
[09:08] {Raven} liquidity gone in many areas
[09:08] {Threei} meaning, this time it has potential to go much lower?
[09:08] {Raven} SEC seems to have disappeared
[09:09] {Raven} world market now ... huge sums of money sloshing around
[09:09] {Raven} economy much bigger
[09:09] {Raven} and a lot of this has been doscounted
[09:10] {Raven} I think you'll have crashes in individual issues
[09:10] {Raven} not necessarily in overall market
[09:11] {Raven} in 2 years all will be forgotten and we'll have some new bubble to pop
[09:11] {Threei} lol
[09:11] {Raven} ain't Capitalism wunnerful ?
[09:11] {Threei} maybe we get rid of Fed and bubbles stop...
06[09:11] * Threei wakes up
[09:11] {peterg} no, I still have my beanie babies collection
[09:11] {Threei} lol
[09:12] {peterg} it is my retirement fund
[09:12] {Threei} amazed me that engineer of current crisis had the nerve to appear with his comments yesterday
[09:13] {Raven} he has no shame
[09:13] {Threei} obviously
[09:13] {peterg} which one?
[09:13] {Raven} blahblahblahblah
[09:13] {Threei} Greenspan, peter
[09:13] {Raven} Greenspeak
[09:13] {peterg} ah so
[09:13] {Threei} this is not capitalism, Raven... this is socialism for selected
[09:13] {Raven} there are whifs of that for sure ...
[09:14] {dino} gm all, end of days for some it seems
[09:14] {Raven} {------------ checking ... still OK here
[09:15] {Threei} yes dino
[09:15] {Threei} WHITE HOUSE CALLS ON IRAN TO SUSPEND URANIUM ENRICHMENT OR FACE NEW SANCTIONS
[09:15] {Threei} - Reminder: Earlier today the IAEA stated that it saw no substantive progress on Iran allegations and added that Iran refuses cooperation on atomic weapon allegation
[09:15] {Threei} *AUG INDUSTRIAL PRODUCTION: -1.1% V -0.3%E; CAPACITY UTILIZATION: 78.7% V 79.6%E
[09:15] {Threei} - Prior Industrial Production revised from 0.2% to 0.1%
[09:15] {Threei} - Prior Capacity Utilization revised from 79.9% to 79.7%
[09:16] {Threei} CME GROUP NOTES THAT LEH IS OPERATING AS NORMAL AND MEETING ITS OBLIGATIONS TO CME CLEARING
[09:19] {GeoArb} gm....
[09:19] {Threei} Geo :)
[09:19] {GeoArb} so who is betting the farm on LEH long? :)
[09:20] {dino} i may be overthinking this, but w/only 2 big investment banks left, eventually they should get bigger pieces of all deals
[09:20] {Threei} GS and JPM you mean?
[09:20] {GeoArb} MS
[09:21] {Threei} there were specualtions already earlier on JPM and WM
[09:22] {dino} ms gs
[09:24] {Threei} BAC
[09:24] {Threei} S&P LOWER CREDIT RATING
[09:26] {Threei} emotions will run high at the open
[09:26] {Threei} intend to sit it out
[09:26] {Threei} especially on financial names
[09:26] {Threei} out of control volatility can kill you or make you great profit - all out of your control
[09:27] {Threei} PIMCO'S GROSS: DOES NOT BELIEVE THE FED WILL CUT RATES TOMORROW
[09:27] {Threei} let's see how common sense by watching BAC open action
[09:27] {Threei} commons sense says down
[09:28] {GeoArb} some new alerts
[09:28] {GeoArb} http://marketmovers.blogspot.com/
[09:28] {GeoArb} 1. Alert: Running Up/Down Now
[09:28] {GeoArb} 2. Alert: 2/5/15 Green/Red Bar Reversal
[09:28] {GeoArb} 3. Alert: 2/5/15 Wide Range Bar
[09:28] {GeoArb} 4. Filter: Fundamental based
[09:28] {GeoArb} 5. Filter: Min/Max Position of Open(c)
[09:28] {GeoArb} 6. Filter: Min/Max Up Previous Day
[09:31] {Threei} QTWW
[09:31] {Threei} ANNOUNCE SOLAR EXPANSION INTO KOREA - SIGNS JV AGREEMENT WITH Q&TECH/YONGSAN TO BUILD A 30 MW SOLAR PRODUCTION FACILITY WITH ASOLA
[09:31] {Threei} The initial capacity is 30 MW (megawatts of peak power) solar modules consisting or mono- and poly-crystalline silicon solar modules, with a potential to generate revenues in excess of $100 Million annually.
[09:33] {judijim} good morning all
[09:33] {Threei} jj :)
[09:34] {esemde} J
[09:34] {esemde} J
[09:35] {peterg} last sale on aig seems stuck at .06
[09:35] {peterg} while price rockets up and down
[09:35] {patience} tsx down -409
[09:35] {esemde} wow
[09:35] {GeoArb} TSX?
[09:35] {GeoArb} toronto?
[09:36] {patience} y
[09:36] {Threei} AIG trades 6.70 - 6.80 peter
[09:36] {peterg} right tks
[09:36] {GeoArb} for the canadians
[09:36] {GeoArb} http://www.ft.com/cms/s/0/23b53878-762b-11dd-99ce-0000779fd18c.html?nclick_check=1
[09:38] {Threei} on top of everything else, it looks like streetwide quote/charting problems
[09:38] {GeoArb} yeah
[09:39] {GeoArb} esignal not refreshing bac or aig
[09:39] {GeoArb} got it now
[09:39] {GeoArb} too much volume through pipes
[09:39] {Threei} yeah
[09:39] {GeoArb} my broker has a message
[09:40] {GeoArb} "investigating NYSE TS latency"
[09:40] {Threei} Short Setup: C half lot .65
[09:40] {Threei} if stays under .80
[09:41] {dino} leh at .30 aig 6
[09:41] {fernp} C and AIG no available here
[09:41] {GeoArb} yup same here
[09:41] {GeoArb} also there was a news last night
[09:42] {Threei} both are with laser
[09:42] {GeoArb} SE is adding tougher sorting rules
[09:42] {GeoArb} SEC
[09:42] {GeoArb} nice
[09:42] {Threei} C invalidated anyway
[09:42] {Threei} and AIG is probably bounce time
[09:43] {Threei} now LEH, that is NOT available, lol
[09:44] {Threei} market spike for some reason
[09:44] {Threei} NQ is down just 33 points
[09:44] {Threei} nothing in terms of recent volatility
[09:45] {Threei} all trades are half lot for now
[09:45] {Threei} so I don't type it each time
[09:45] {esemde} market feels a bit saturated to the down side i think
[09:45] {GeoArb} seems like capital protection day today
[09:46] {GeoArb} might even loose money due to excessive volume disconnects
[09:46] {dino} so far just another normal dji 300 pt range
[09:46] {Threei} Long Setup: KLAC over .20
[09:46] {Threei} stop under 33
[09:47] {patience} would not surprise me to lose 11 on the dow today dino
[09:47] {GeoArb} wow esignal not refreshing KLAC.... dunno why i pay
[09:48] {patience} i keep getting disconnects on my broker geo, just the volume today
[09:48] {Threei} what a bounce AIG
[09:48] {GeoArb} thanks patience
[09:48] {esemde} ZION
[09:48] {Threei} laser looks OK
[09:48] {GeoArb} laser and their platinum nasdaq cert
[09:48] {GeoArb} mutter mutter
[09:49] {esemde} looking for 37.60 area pullback
[09:50] {esemde} rats...could not grab it....
[09:51] {esemde} hmmm it's gotten away from me
[09:51] {Threei} no wrky KLAC
[09:51] {fernp} stopped
[09:54] {GeoArb} wfc
[09:54] {GeoArb} skf
[09:54] {GeoArb} sorry
[09:56] {dino} relax guys
[09:56] {Threei} Long Setup: UAUA .81
[09:56] {Threei} stop under .60
[10:02] {Threei} stop to under .70
[10:03] {Onix} in UAUA just with 100 shares @ 11.81
[10:03] {dino} v sm l gs 144.90
[10:03] {Threei} stop to .75
[10:03] {Threei} and feel free to take scalp anywhere above .90
[10:04] {Threei} wb
[10:06] {GeoArb} off to drop kids to school wife out of town.... TY for UAUA vad
[10:07] {Threei} almost 1:1
[10:07] {Threei} welcome
[10:07] {Threei} for all practical purposes, it is 1:1
[10:07] {Onix} ty Vad for UAUA
[10:07] {Threei} :)
[10:07] {Threei} and over
[10:07] {Threei} out
[10:07] {GeoArb} darnnnnn
[10:07] {GeoArb} bye
[10:07] {Threei} OK... between KLAC and UAUA, we are even
[10:07] {fernp} TY Vad
[10:08] {Threei} which is more than any investor can say this morning
[10:08] {Threei} fern :)
[10:08] {Threei} going to be careful like this for a while
[10:09] {Threei} all these bounced financials look like they wait for some other show to drop
[10:09] {Threei} quite reluctant buying
[10:09] {peterg} I'm exhausted after surfing aig
[10:09] {patience} waiting for margin calls to kick in
[10:09] {peterg} and klac and uaua thks
[10:09] {Threei} you traded it peter?
[10:09] {peterg} to good effect
[10:09] {Threei} AIG I mean
[10:09] {peterg} yep
[10:09] {Threei} gutsy
[10:09] {peterg} get the rythm. go with the flow
[10:10] {Threei} :)
[10:10] {peterg} bail frequently
[10:10] {peterg} tks
[10:10] {Threei} I am unclear on margin calls issue
[10:10] {Threei} it used to be that portfolios dropping under marhging requirements had 3 days to settle
[10:11] {Threei} (and have you ever seen margin spelled like that?)
[10:11] {peterg} like butter, only marhgerine
[10:11] {Threei} nowadays it seems like they have to liquidate same day or what?
[10:11] {Threei} lol, true
[10:11] {patience} normally brokerages give you some warning you are over margined and have to bring your account up, wouldn't surprise me to see them just sell stock without notice
[10:12] {Threei} yeah, rules are pretty uch out of the windows in times like this
[10:12] {patience} i am waiting to buy gold options here....
[10:12] {Threei} wow UAUA
[10:12] {Threei} 1:2... who would have thought
[10:13] {Threei} Long Setup: RIMM near 100
[10:14] {Threei} in .80
[10:14] {Threei} stop under .50
[10:17] {Threei} out .15
[10:17] {Threei} +.35
[10:18] {dino} gs stopped
[10:19] {Threei} Short Setup: C .89
[10:19] {Threei} stop over 17
[10:19] {magoo} in sh c
[10:25] {magoo} covered .65 TY vad
[10:25] {Threei} out
[10:25] {Threei} .58
[10:25] {Onix} covered @ .66 ty Vad
[10:25] {Threei} welcome guys
[10:26] {magoo} easy button vad
[10:26] {Threei} yup
[10:26] {dino} ttwo sm l .00, stop lod
[10:26] {Threei} nice and easy
[10:26] {Threei} aside from one 6 or 7 bounce in the beginning, just slid down wioth no attempt to resist
[10:27] {Threei} BAC CEO: US ECONOMY MAY BEGIN ITS RECOVERY IN 2H09 - CONF CALL
[10:27] {Threei} he sounds as though he permits economy to begin recovery
[10:28] {Threei} now, don't get cocky after couple wins and start jumping on them all
[10:29] {Threei} it's being picky and careful that worked, let's stay this way
[10:29] {Threei} the biggest problem with this market is:
[10:29] {Threei} it's extremely sensitive to news headlines, and there is no luck of those
[10:30] {Threei} you get in, new news item or rumor surfaces, stock moves in a matter of seconds
[10:35] {Threei} tough one:
[10:35] {Threei} long AIG .91 here with stop under .70
[10:35] {Threei} no need to say, half lot
[10:38] {dino} ttwo to .40
[10:41] {dino} out ttwo +.40
[10:42] {Threei} invalidated
[10:42] {Threei} maybe a bounce candidate off .50
[10:42] {Threei} or under
[10:43] {Threei} nice one dino
[10:46] {dino} ty
[10:47] {Threei} Short Setup: BAC .30 if stays under .50
[10:49] {Onix} in BAC @ .30
[10:50] {Threei} stopped
[10:50] {Onix} stopped ..51
[10:52] {dino} wow, tried to short skf, cyber said none avail.
[10:52] {dino} 1st time that has happened
[10:52] {Threei} still available here
[10:54] {Threei} WB HEARING UPGRADED TO MARKET PERFORM RATING AT MORGAN KEEGAN (TIMING UNCERTAIN)
[10:54] {Threei} anyone ventured AIG long off .50?
[10:54] {dino} ttwo l .38, stop .08
[10:54] {Onix} sorry, no
[10:54] {Threei} wasn't easy by any means
[10:55] {Threei} AIG CREDIT SUISSE CUTS PRICE TARGET TO $6 FROM $22 (TIMING UNCERTAIN)
[10:55] {Threei} OK... who thinks we close green?
[10:56] {Onix} crazy but looks probale
[10:56] {dino} out ttwo .50, +.12
[10:56] {Onix} possible
[10:56] {Threei} I mean... look at numbers
[10:56] {Threei} COMP is down 19
[10:56] {Threei} nothing in terms of NASDAQ movement
[10:57] {Threei} DJI is down 181
[10:57] {Threei} after being down 440
[10:57] {dino} stranger things have happened
[10:57] {Threei} my point exactly
[10:57] {patience} defies logic, but market manipulation is alive and well
[10:58] {dino} wynn green
[10:58] {magoo} might have been better if we just tanked 800 points vad
[10:58] {magoo} rinse all weak hands
[10:58] {magoo} get real bottomn
[10:59] {dino} ahh, c'mon patience, the markets are "like, totally efficeint"
[10:59] {dino} just ask any banker friend
[10:59] {patience} laughing, you just have laugh and go with the flow
[11:00] {dino} indeed, :)
[11:00] {dino} cme wants green
[11:03] {Threei} look at SOLF
[11:03] {Threei} is it a new leader for solars or what
[11:04] {dino} the most pain would be to take them back down
[11:04] {dino} heh .18
[11:04] {Threei} here we go
[11:04] {Threei} AIG
[11:04] {Threei} NY GOVERNER EXPECTED TO MAKE A STATEMENT IN 1 HOUR
[11:09] {Threei} so far, we are 3 for 5
[11:09] {magoo} but are we up?
[11:10] {Threei} yes
[11:10] {Threei} if you skipped RIMM trade, about even
[11:10] {magoo} we are?or u are?
[11:10] {Threei} I am talking about calls magoo
[11:10] {Threei} you?
[11:11] {magoo} i am up..i took trimm, rode it to .44 area
[11:11] {Threei} wtg
[11:11] {dino} nasty
[11:11] {magoo} just trying to get a slap here
[11:11] {Threei} nope
[11:11] {Threei} you like it too much
[11:12] {Threei} AIG lost support
[11:12] {Threei} with that speech soon, I am not confident in any read on it
[11:13] {Threei} on second thought, why am I depriving you of pleasure...
06[11:13] * Threei slaps magoo around a bit with a large trout
[11:14] {magoo} and mine:)
[11:15] {Threei} if you feel adnventorous
[11:15] {Threei} .39 short AIG with stop above .50
[11:16] {dino} whats' your prediction mr. t? pain
[11:16] {Threei} lol
[11:23] {dino} aacc l .35, stop lod
[11:24] {Threei} WSJ REPORTS THAT SEVERAL JAPANESE BANKS ARE AMONG LEHMAN'S TOP LENDERS
[11:24] {Threei} and their market is closed for holidays
[11:24] {Threei} feel free to cover AIG who took it
[11:25] {Threei} it looks on a verge of imploding
[11:25] {Threei} but not taking chance with that speech ahead
[11:28] {Threei} IAEA: IRAN INTENDS TO CONTINUE ENRICHING URANIUM
[11:28] {dino} like there was a doubt
[11:29] {dino} ge wierd
[11:29] {Threei} BAC CEO: WM IS NOT A VIABLE ACQUISITION TARGET FOR BOA DUE TO REGIONAL SIMILIARITIES - CNBC COMMENTS
[11:29] {Threei} {BAC}
[11:30] {Chaeron} I think I said something last week about LEH and penny stock in the same sentence... Good morning all
[11:30] {Threei} Chaeron :)
[11:30] {Threei} AIG collapse
[11:31] {dino} gm oracle chaeron
[11:31] {Threei} AIG trades like recurring nightmare
[11:34] {Threei} Short Setup: WB 12 break
[11:34] {Threei} stop above 12.15
[11:36] {Threei} 1:1, half out
[11:37] {Threei} stop to 12.06
[11:39] {Threei} maybe just a shake but no point in checking it with your account
[11:41] {Threei} AIG looks like aiming for 5
[11:43] {Threei} WB was a shakeout
[11:43] {Threei} oh well
[11:44] {Threei} why did we ever cover C?
[11:45] {Threei} 5 AIG
[11:45] {Threei} and under
[11:45] {Threei} LEH all over again
[11:45] {dino} he most pain would be to take them back down
[11:46] {dino} [11:04] {dino} the most pain would be to take them back down
[11:46] {Chaeron} Thanks for WB Threei... used the shake as entry and got short at .98 and covered at .48 +$0.50
[11:46] {magoo} u dog nice
[11:46] {Threei} wow
[11:46] {Threei} good one
[11:46] {Threei} wtg
[11:46] {Chaeron} thanks guys... next?
[11:47] {Threei} if you were told a year ago that this Septmeber there wouldn't be anymore Bear Stearns, Lehman Brothers, Merril Lynch... would you ever believe it?
[11:48] {Chaeron} woulda laffed
[11:48] {patience} that's when i believed in a free market economy
[11:49] {Threei} AIG
[11:49] {Threei} NEW YORK INSURANCE CHIEF DINALLO NOTES HE WILL LEAD EFFORTS TO HELP BOND INSURERS
[11:50] {dino} rally
[11:50] {magoo} there won't be AIG in next few minutes
[11:50] {Threei} {AIG} ah thank you, but meanwhile let drop a bit more
[11:52] {Threei} WB cascading
[11:52] {dino} micc sm l .10, leap sm l .15
[11:53] {Threei} what's ABK doing holding up there?
[11:54] {Threei} everyone just forgot about it or it really has some reason for relative strenght
[11:54] {Threei} 'cause if not... as soon as traders remember of one finnie unsold yet...
[11:55] {Threei} well, .88 short with stop above 7 looks low risk enough
[11:56] {dino} syut ouch
[11:56] {Threei} unless anyone has an idea how ABK is different from any other financial
[11:56] {magoo} i didnt even know it was a financial
[11:57] {Threei} lol
[11:58] {Threei} oops
[11:58] {Threei} not in short list
[11:58] {Threei} sh*t
[11:58] {Threei} look at AIG
[11:58] {Threei} why did we ever cover?
[11:59] {magoo} wb could see 7 today
[12:00] {Threei} on what?
[12:00] {magoo} if IF mkt starts rolling over hard
[12:00] {magoo} we are down 300 again
[12:00] {Threei} I mean 7 on what stock?
[12:00] {magoo} panic
[12:00] {magoo} WB
[12:03] {magoo} mkt spikearolla
[12:03] {Threei} market pop
[12:03] {Threei} LEH
[12:03] {Threei} WSJ SAYS BARCLAYS IS STILL INTERESTED IN BROKER-DEALER UNIT
[12:04] {dino} sm ge l .75
[12:05] {dino} v sm gs l .00, wide
[12:07] {Threei} MER breakdown
[12:07] {Threei} zi don't get it
[12:07] {Threei} BAC isn't dropping
[12:08] {Threei} maybe a word leaking somewhere that BAC shareholders are not likely to approve deal
[12:08] {magoo} LEH is .21 cents
[12:09] {Threei} if so, MER is LEH
[12:09] {Threei} actually with that LEH price, BAC could demand two for one deal
[12:09] {Threei} I'll take MER if you throw LEH in for free
[12:11] {dino} still no skf cyber
[12:12] {Threei} NEW YORK GOV PATTERSON: AIG IS STILL FINANCIALLY SOUND, DEEPLY CONCERNED ABOUT FINANCIAL TURMOIL
[12:12] {Threei} {XLF}
[12:14] {Threei} NEW YORK GOV PATTERSON: AUTHORIZING ACCESS TO $20B IN STATE FUNDS FOR AIG,
[12:19] {Threei} impressive bounce
[12:21] {Threei} REPORTEDLY WARREN BUFFETT'S BERKSHIRE HATHAWAY IS HOLDING TALKS TO BUY AIG
[12:21] {patience} very handy to be able to trot out warren buffett rumour every time a firm is failing
[12:21] {Threei} well... how do you trade this barrage of news? :)
[12:21] {patience} very carefully
[12:21] {patience} :)
[12:21] {patience} i am a smart ass today
[12:22] {Threei} I coluld think of worse thing to be... dumb ass for instance :)
06[12:22] * magoo slaps patience around a bit with a large trout
[12:22] {patience} ty magoo :)
[12:22] {dino} out leap .57, +.42
[12:22] {Chaeron} nice dino
[12:22] {Threei} cool one
[12:23] {dino} out ge .25, +.50
[12:23] {Chaeron} now you're just showing off
[12:23] {Threei} no kidding... like that violinist with his left hand
[12:23] {magoo} im having quote issues..anyone else with laser?
[12:23] {dino} out gs .20, +1.20
[12:24] {Threei} looks OK here mags
[12:24] {Threei} what stock?
[12:24] {dino} ty guys
[12:24] {magoo} server please?
[12:24] {Threei} 4
[12:24] {magoo} ty
[12:28] {Threei} looking at WB 1 min,
[12:28] {Threei} if it stabilizes here, claws its way back to 11.50 slowly, and breaks, should be long
[12:30] {Threei} or just grab it here with stop under .10
[12:30] {Threei} very hard to tell
[12:30] {Threei} gotta play them by feel of their rythm rather than by technical signals
[12:31] {Threei} if you took it, look to sell half on approach to .50
[12:31] {Threei} and hold second half for jump after break
[12:32] {Threei} or take scalp and be happy
[12:33] {Threei} AIG new round of happiness
[12:44] {Threei} REPORTEDLY THE US HOUSE WILL BE VOTING ON AN ADDITIONAL ECONOMIC STIMULUS PACKAGE
[12:44] {Threei} hmmm
[12:46] {Threei} US TREASURY DECLINES COMMENT ON AIG
[12:48] {Threei} AIG
[12:48] {Threei} FED HAS HIRED MORGAN STANLEY TO NEGOTIATE A BRIDGE LOAN, BUFFETT NO LONGER IN TALKS WITH COMPANY - CNBC'S FABER
[12:49] {Threei} Short Setup: CIT .34 if stays under .50
[12:53] {dino} thinking bac is picking up alot of liabilities, countywide and now mer
[12:56] {Threei} GS
[12:56] {Threei} HEARING SHARES CUT TO NEUTRAL FROM ACCUMULATE AT BUCKINGHAM
[12:58] {dino} bit late
[12:59] {GeoArb} did i miss anything?
[13:00] {Threei} wow
[13:00] {Threei} lol
[13:00] {Threei} two ends of the world
[13:00] {Threei} three salvations
[13:00] {GeoArb} well i was stuck in la traffic hehehe
[13:00] {Threei} ah
[13:04] {Threei} so AIG
[13:04] {Threei} to be salvaged from ruins, or famous last gasp
[13:08] {GeoArb} cit invalid?
[13:08] {Threei} yeah
[13:11] {dino} leap sm l .90
[13:11] {dino} brb
[13:12] {Threei} BAC looks ill
[13:14] {Threei} .74 short if stays below .90
[13:15] {Threei} starts looking like in preparation for serious cratering
[13:20] {magoo} in..u?
[13:21] {Threei} why wouldn't I?
[13:22] {magoo} sheesh..why so sensitiver
[13:22] {Threei} sensitivity is my middle name
[13:23] {Threei} what props AIG again
[13:23] {peterg} the shadow knows...but isn't telling
06[13:23] * magoo slaps laserdave1 around a bit with a large trout
[13:23] {dino} phly
[13:24] {dino} leap stopped -.32
06[13:24] * Threei slaps laserdave1 around a bit with a large trout
06[13:24] * Chaeron slaps laserdave1 around a bit with a large trout
[13:25] {laserdave1} Laserdave1 slaps Aif around a bit with a large trout
[13:25] {laserdave1} AIG that is
[13:25] {laserdave1} something wrong with that thing
[13:25] {Threei} something?
[13:25] {Threei} try everyting
[13:26] {dino} leap rinse
[13:26] {Threei} 1:1 is easy BAC... but feels like a lot more in cards... unless news comes
[13:27] {Threei} SEC'S COX: THE ECONOMY IS "STRONGER" AFTER THE EVENTS OF THIS WEEKEND
[13:27] {laserdave1} haha ya real strong economy
[13:27] {laserdave1} lol
[13:27] {laserdave1} never been better
[13:27] {Threei} covered half BAC .32
[13:27] {laserdave1} how could that guy say that with a straight face
[13:28] {Threei} +.42
[13:28] {laserdave1} nice 1
[13:28] {Threei} trying to cover second half around 27
[13:28] {Threei} stop to .51
[13:28] {magoo} mkt may be losing it here
[13:28] {Chaeron} +0.43 here :P ( in .71, covered .28 )
[13:29] {Chaeron} many thanks Threei
[13:29] {Threei} welcome sir
[13:30] {magoo} out here .32 TY cranky
06[13:30] * Threei slaps magoo around a bit with a large trout
[13:30] {Threei} welcome
[13:30] {magoo} .76 out .32
[13:31] {magoo} lil help?how much i make?
[13:31] {Chaeron} + .42
[13:31] {Threei} 44 cents per share
[13:31] {Chaeron} oops }43
[13:31] {magoo} ty
[13:31] {Chaeron} damn
[13:31] {Threei} lol chaeron
[13:31] {Chaeron} heheheh
[13:32] {Threei} look GS
[13:32] {magoo} wow..fell out of chair
[13:33] {Threei} next one to go under $1?? :)
[13:34] {magoo} i wish
[13:35] {magoo} 13:29] {magoo} mkt may be losing it here
[13:38] {magoo} hang on
[13:38] {magoo} fasten seat belt
[13:39] {patience} tin hat time magoo?
[13:39] {GeoArb} dave dcc pls
[13:41] {patience} tough to get a laugh in the room today, oh well
[13:41] {magoo} sorry hooked a big fish here
[13:41] {GeoArb} with a tin hat????
06[13:42] * GeoArb slaps laserdave1 around a bit with a large trout
[13:42] {Threei} BAC looks to lose 27 soon
[13:42] {magoo} wait fcor bounce entry?
[13:43] {Threei} .20 closest resistance
[13:43] {Threei} hard to tell if it's capable of any bounce
[13:43] {magoo} gotta post this
[13:43] {magoo} in sh 100 sh bidu 282.31..out 278.19
[13:43] {Threei} market bouncing, helping it
[13:43] {Threei} nice mags!
[13:43] {magoo} thats my fish
[13:43] {GeoArb} sheeeesh
[13:43] {Threei} wtg
[13:43] {magoo} less than few minutes
[13:44] {GeoArb} dave?
[13:44] {Threei} TREASURY SEC PAULSON: MARKETS ARE WORKING THROUGH A DIFFICULT PERIOD
[13:44] {Threei} you don't say
[13:44] {GeoArb} no kidding
[13:44] {magoo} insightful
[13:45] {Threei} in BAC short, stop .41
[13:48] {Threei} die already
[13:49] {Threei} TREASURY SEC PAULSON: MARKETS ARE WORKING THROUGH A DIFFICULT PERIOD, AMERICANS CAN BE CONFIDENT IN THE SOUNDNESS AND RESILENCE OF FINANCIAL MARKETS
[13:49] {Threei} - says he'd like to see more of financial institutions coming together to support the market, as seen this weekend
[13:49] {Threei} - says does not take lightly using taxpayer money, but do not necessarily "read it as no more" use of taxpayer money for future bailouts.
[13:49] {Threei} - our banking industry is a safe and sound one.
[13:49] {Threei} yeah?
[13:51] {Threei} out of all safe and sound industries I've ever seen, this one strikes me as THE safest
[13:52] {Threei} GS is about to lose 135
[13:52] {dino} s breaking
[13:53] {Threei} I mean 134
[13:55] {Threei} housing will start bottoming in months rather than in years
[13:56] {Threei} (paulson)
[13:56] {Threei} I mean 133
[13:56] {magoo} wish we shorted that lol
[13:56] {Threei} I mean 132
[13:57] {Threei} you got the drift, number them yourself, lol
[13:57] {magoo} 139
[13:58] {GeoArb} hmmm so for those who dont use laser.... were you able to short bac?
[14:00] {dino} leap l sm .57
[14:01] {Threei} FED IS REPORTEDLY SEEKING A CHANGE IN ACCOUNTING PROCEDURE FOR GOODWILL
[14:01] {Threei} what'sa that about?
[14:02] {dino} they are going to have to suspend mark to market imo
[14:03] {dino} alot of this junk will be worth somethiong over time
[14:05] {Threei} NYC MAYOR BLOOMBERG: AIG WILL SURVIVE
06[14:18] * Threei slaps laserdave1 around a bit with a large trout
06[14:20] * Chaeron slaps laserdave1 around a bit with a large trout
06[14:20] * magoo slaps laserdave1 around a bit with a large trout
[14:20] {GeoArb} thanks
06[14:20] * GeoArb slaps laserdave1 around a bit with a large trout
[14:20] {GeoArb} dcc dave?
[14:20] {Threei} AIG off two bucks from the top
[14:21] {Threei} swings on these stocks are amazing
[14:21] {magoo} bac worth another try?
[14:22] {Threei} hard to tell
[14:22] {Threei} no rhytm to it right now
[14:32] {dino} v sm l cme .60
[14:35] {magoo} vad..what u stalkin?
[14:39] {Threei} just looking
[14:43] {dino} going for -400
[14:47] {Threei} if we end up like this, more selling will be in cards over next days
[14:47] {Threei} this doesn't look like real washout
[14:48] {magoo} to orderly
[14:48] {Threei} yup
[14:48] {Chaeron} so we'll have more great days ahead this week? :))
[14:48] {Threei} and no real relief surge
[14:48] {Threei} lol, chaeron is loving it
[14:48] {Chaeron} hell yeah... I hate the giants... always have... you know that
[14:48] {Threei} when real capitulation comes, next thing is this absolutely crazy reckless buying
[14:49] {Threei} there is nothing of that kind today
[14:49] {magoo} hey..u hate my team ny giants?
[14:49] {Chaeron} like magoo and AAPL/RIMM?
[14:49] {Threei} buying is restrained, labored, tortureds
[14:50] {magoo} i like when vad gets reading RIMM with me
[14:50] {Threei} I looked over my RIMM calls/trades once
[14:50] {Threei} was like 2/3
[14:52] {magoo} remember a time when all we did was RIMM for awhile
[14:53] {magoo} thats when i giot into it to speak
[14:53] {Threei} lol, nothing else moved in those days
[14:53] {Threei} and to compensate it, RIMM and AAPL suddenly became so obeying
[14:53] {Threei} readable like open book
[14:53] {magoo} yes
[14:53] {magoo} comic book
[14:53] {Threei} not always that tame, unfortunately
[14:54] {dino} eqix sm l .80
[14:54] {Threei} but heck... nothing stays the same
[14:54] {magoo} hell..these financials make rimm look docile
[14:54] {Threei} we used to play solar sector day after day, almost exlusively
[14:54] {magoo} we did {he he}
[14:54] {Threei} then they lost their luster
[14:55] {Threei} lustre?
[14:55] {Threei} then UAUA came... and finnies
[14:55] {Threei} finnies to be fair were rarely easy
[14:56] {Threei} too many news items changing things on the fly
[14:56] {magoo} last hour here gonna be interesting
[14:56] {magoo} tank or buy
[14:56] {magoo} i dunno
[14:56] {Threei} tank, imo
[14:56] {magoo} and i know everything
[14:57] {magoo} i should call my wife
[14:57] {magoo} she thinks she knows everything he he
[14:57] {magoo} that was mean..someone slap me
[14:58] {Threei} that's your punishment
[14:58] {Threei} no one slaps you
[14:59] {magoo} boy..in old days would get slapped so many times would get disconnected from room
[15:00] {laserdave1} geo dcc when u see this please
[15:01] {magoo} sh bac here .51
[15:01] {magoo} small 300
[15:01] {Threei} well... if I am right and market drops,
[15:01] {laserdave1} geo dcc when u see this
[15:01] {Threei} WB loss of 11 should lauinch new downthrust
[15:01] {Threei} BAC good entry
[15:02] {Threei} stop just about 10 cents
[15:02] {dino} eqix stopped -.33
[15:02] {magoo} looking for loss 27
[15:03] {Threei} By adding Merrill's 16,000+ financial advisers to its own staff, the deal would make BAC the largest brokerage in the world with more than 20,000 advisers and $2.5T in client assets under management. It would also be the number one underwriter of global high-yield debt, the third largest underwriter of global equity and the ninth largest adviser on global mergers and acquisitions. It also gets Merrill's 50% stake in Blackrock, which has $1. 4T in assets under management. BAC CEO Lewis said the Merrill deal will be mildly dilutive to EPS in 2009 and that BAC will hit breakeven on the deal in 2010. Before the open this morning, S&P lower its credit rating on BAC to AA- from AA, putting the bank on watch negative. Moody's put the bank's ratings on review for a possible downgrade.
[15:04] {magoo} sh 100 sh bidu .51
[15:04] {Chaeron} so they get 50 cents?
[15:04] {magoo} 276.51
[15:05] {dino} #1 underwriter of high yield debt.....drexel
[15:06] {dino} memories
[15:06] {magoo} 200 dollar stop loss on bidu is plan
[15:07] {magoo} looking for it to lose 270
[15:07] {magoo} will require mkt tank off vad call
[15:07] {dino} theres the -400
[15:08] {Threei} tried GS first time in a long long while... shorted 133.40
[15:08] {magoo} i wish ud dcc me those
[15:08] {Threei} covered half for +1
[15:08] {magoo} its my style
[15:08] {Threei} gotta try a few times myslef first
[15:08] {Threei} to make sure I have more or less reliable read
[15:10] {Threei} out
[15:10] {Threei} +2.10
[15:10] {magoo} out bidu 273.236 common sense took over
[15:10] {magoo} + .3.5 points i think
[15:10] {Threei} it's fun
[15:10] {Threei} lol
[15:11] {magoo} same type trade u did
[15:11] {dino} l ge .75
[15:11] {magoo} [15:04] {magoo} sh 100 sh bidu .51
[15:11] {magoo} [15:05] {magoo} 276.51
[15:12] {magoo} still sh BAC
[15:13] {magoo} [15:01] {magoo} sh bac here .51
[15:13] {magoo} 15:02] {magoo} looking for loss 27
[15:14] {magoo} waiting .91
[15:15] {Threei} C nears 15
[15:15] {Threei} maarket dumps, C is dead in the water
[15:16] {magoo} out .95
[15:16] {magoo} too close
[15:16] {Threei} argh GS
[15:16] {Threei} why did I bother covering
[15:16] {magoo} u like ny BAC}?
[15:16] {Threei} this thing is on the same death spiral as all of them
[15:16] {Threei} BAC's nice
[15:17] {Threei} lost 27
[15:17] {magoo} yeah i covered 26.95
[15:17] {Threei} Bear Sterns low for C is 14
[15:18] {Threei} what is it still doing that high?
[15:19] {Threei} MER
[15:19] {Threei} SHAREHOLDER LAWSUIT FILED IN NY SAYS BUYOUT TERMS ARE "GROSSLY INADEQUATE"
[15:19] {magoo} i dunno..but BAC wont be able to buy anyone
[15:19] {laserdave1} Geo dcc
[15:20] {Threei} MER shareholders are crazy
[15:21] {magoo} vads room traders are crazier
[15:21] {Threei} it wouyld be well its merry to meet LEH if not for BAC
[15:21] {dino} it's not the shareholders it's the lawyers
[15:21] {Threei} yeah, I guess
[15:22] {Threei} "hey, may be there is some skin in it, whaat do we lose"
[15:23] {magoo} i still cant believe u guys didnt slap the hex out of me earlier
[15:23] {dino} shareholdrs don't even know yet...most are mutual funds
[15:25] {Threei} C dump
[15:25] {dino} 10964 coming
[15:30] {Threei} FDIC'S BAIR: MORE THAN 98% OF THE US BANKING INDUSTRY IS WELL CAPITALIZED
[15:31] {Threei} and that's exactly why one prominent bank after another goes belly up
[15:31] {Threei} maybe they meant "more than 98% of the US bankers"?
[15:32] {Threei} WSJ: US GOVT IS REPORTEDLY ASKING GS AND JPM TO LEAD $70-75B LENDING FACILITY FOR AIG
[15:32] {Threei} {JPM GS}
[15:32] {peterg} AIG for sudden +.21
[15:33] {peterg} help me before I get killed
[15:33] {Threei} sit on your hands peter
[15:33] {Threei} haviong a good day I see?
[15:33] {peterg} good plan; yes tks
[15:33] {Threei} don't spoil it
[15:33] {peterg} wife shares sentiments
[15:34] {Threei} one bad ttrade in this environment can wipe out whole day
[15:34] {Threei} and just one sudden headline separates good trade from turning bad
[15:34] {Threei} you buy AIG{ next thing you know they say GS and JPM deny
[15:35] {Threei} AIG drops 50 cents faster than you can say mama
[15:35] {peterg} uncle
[15:36] {Threei} it's a great feeling to finish the day a winner, especially on a day when the world is bleding
[15:36] {Threei} preserve it
[15:37] {Threei} this kind of days show you why you became a day trader
[15:37] {Threei} umm... speaking of AIG dropping 50 cents
[15:37] {peterg} vad, you so philosophical
[15:37] {Threei} see this?
[15:37] {peterg} o yeah
[15:37] {Threei} me? philosophical?
[15:38] {Threei} oh well... Ive been called worse
[15:38] {peterg} heating up aig
[15:40] {peterg} cant read it at moment; going to sit on hands and do some day job
[15:43] {dino} out ge .05 +.30
[15:46] {dino} out leap -.19
[15:50] {Threei} look at ESLR daily
[15:50] {Threei} what a slughter
[15:50] {Threei} slaughter too
[15:51] {Threei} AIG drop of that same kind I decsibed above
[15:53] {dino} broke july lows dji
[15:53] {Threei} selloff is not over
[15:53] {Threei} more downside in coming daysd
[15:54] {Threei} with all our capital preservation mode today, we did fairly well
[15:54] {Threei} nice day with a few quite sizeabvkle gains
[15:54] {Threei} and a few smaller ones
[15:54] {Threei} and a few small losses
[15:54] {GeoArb} I am so pissed I couldnt short BAC
[15:54] {GeoArb} guess who i have been dccing
[15:55] {Threei} ESLR
[15:55] {Threei} COMMENTS ON LEHMAN BROTHER'S TRANSACTIONS
[15:55] {Threei} huh?
[15:55] {Threei} what does ESLR have to do with LEH?
[15:55] {Threei} whoe Geo?
[15:55] {GeoArb} dave
[15:55] {Threei} ?
[15:56] {Threei} I didn't know you were with Laser
[15:56] {GeoArb} am trying now
[15:56] {Threei} ah, here it is:
[15:56] {Threei} COMMENTS ON LEHMAN BROTHER'S TRANSACTIONS
[15:56] {Threei} - Lehman Brothers Inc.was the lead underwriter for the sale of the $373.75M in Senior Notes. Net proceeds to the Company from the offering, including the cost of a capped call transaction, were approximately $325.8M, all of which the Company received at the closing. None of these funds are on deposit with Lehman or any of its subsidiaries.
[15:56] {GeoArb} wasnt before
[15:59] {Threei} ok guys, thank you all,
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {peterg} thks all c u tomorrow
[16:02] {magoo} ty vad
Monday, September 15, 2008
Friday, September 12, 2008
Sep 12 2008
[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
[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
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
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