Sep 18 2008

Session Time: Thu Sep 18 00:00:00 2008

[08:07] {Threei} MS
[08:07] {Threei} DISCUSSIONS WITH WB ARE IMMINENT - CNBC'S GASPARINO
[08:07] {Threei} {WB}
[08:13] {brian3579} gm
[08:13] {Threei} brian :)
[08:21] {magoo} morn
[08:22] {Threei} magoo :)
[08:23] {Threei} NEW YORK TIMES REPORTS MS CEO CALLED CITI CEO PANDIT ON TUESDAY TO DISCUSS MERGER
[08:24] {magoo} vad, any news RIMM AAPL BIDU?
[08:25] {Threei} kidding?
[08:25] {magoo} huh?
[08:26] {Threei} they don't move on news these days
[08:26] {Threei} unless it's a very very significant news
[08:26] {magoo} im just making sure there isn't anything out there
[08:26] {Threei} market is gapping, they do too\
[08:27] {Threei} it's like ray of hope in the sea of dread
[08:27] {Threei} it's been so bad for so long,
[08:27] {magoo} any new recent news GS?
[08:27] {Threei} any sign of recovery is being greeted
[08:27] {Threei} now, this is right question
[08:27] {Threei} this group is totally news dependent
[08:28] {Threei} nothing GS=specific
[08:28] {Threei} general news in financial sector, a lot of them
[08:29] {Threei} how about this:
[08:29] {Threei} REPORTEDLY CEO MACK CALLED CITI CEO PANDIT ON TUESDAY TO DISCUSS A POTENTIAL MERGER - NEW YORK TIMES
[08:29] {Threei} - On the call Mack told Pandit "We need a merger partner or we're not going to make it."
[08:29] {Threei} - The report cites two people familiar with the situation, noting that Pandit turned down the merger proposal.
[08:29] {Threei} We need a merger partner or we're not going to make it.
[08:30] {Threei} there you have it...
[08:30] {Threei} every headline showing merger as coming - spike up
[08:30] {Threei} any headline denying it - sharp drop
[08:30] {Threei} MS is simply current market worry
[08:30] {Threei} much like FRE/FNM were,
[08:30] {Threei} then LEH,
[08:30] {Threei} then AIG
[08:31] {Threei} it's MS's turn
[08:31] {Threei} second place is probably WM
[08:32] {Threei} but any of big banks and brokers has potential to overatke as major worry if posts serious news
[08:36] {magoo} MB Trading message..penson can't handle volume last few days and not updating trade clearing..accts all wrong
[08:36] {magoo} i thought bear cleared thru penson
[08:36] {Threei} I don't think so
[08:37] {Threei} check with dave but I remember talk about self-clearing
[08:37] {magoo} could u imagine? last 3 days not getting actual confirmation of trades??
[08:38] {Threei} and getting quotes stuck on you
[08:38] {Threei} which is reported across the board by majoritty of brokers
[08:38] {Threei} no single hiccup on laser so far
[08:38] {Threei} even on heaviest volume like AIG
[08:39] {magoo} laser blew dinos mind yester, covered a sh in GS at 100 while prints were showing like 102
[08:40] {Threei} that's one frikin good software for sure
[08:41] {Threei} (IR) IRANIAN PRES: NO SUSPENSION OF IRANIUM ENRICHMENT AS HAS BEEN REQUESTED
[08:41] {Threei} {USO}
[08:43] {Onix} good morning everybody
[08:44] {magoo} Onix:)
[08:44] {patience} good morning RT, another interesting day coming :)
[08:46] {magoo} patience:)
[08:47] {Threei} onix, patience :)
[08:47] {cosmo} VRTX holds 25 ....so far...
[08:48] {Threei} MERRILL ANALYST SAYS WAMU COULD FECTH A TAKEOUT PRICE OF $2-$3/SHR (TIMING UNCERTAIN)
[08:48] {cosmo} # Vertex Pharmaceuticals Announces Pricing of its Public Offering of Common StockBusiness Wire(Thu 8:46am)
[08:55] {fernp} Good morning all
[08:55] {Threei} fern :)
[09:01] {Threei} here is interesting take on oil market:
[09:01] {Threei} http://www.atimes.com/atimes/Global_Economy/JI19Dj02.html
[09:02] {Threei} well worth read
[09:09] {dino} gm all
[09:09] {Threei} dino :)
[09:18] {Threei} PRESIDENT BUSH TO MAKE STATEMENT ON MARKET DEVELOPMENTS AT 10:15AMET
[09:18] {Threei} CEDC
[09:18] {Threei} REAFFIRMS GUIDANCE
[09:19] {esemde} gm
[09:19] {Threei} ese :)
[09:19] {Threei} magoo, for you:
[09:19] {Threei} AAPL
[09:19] {Threei} UPDATE: GOLDMAN SACHS RAISED AAPL TO BUY FROM NEUTRAL
[09:19] {esemde} get to hang with you all just a little bit
[09:21] {cosmo} LVLT
[09:22] {magoo} vad, i want another vad special 2 bux magoo trade today..ok?
[09:23] {Threei} no pressure eh?
[09:23] {patience} financials bounce up today vad?
[09:24] {Threei} if it was pure chart play, I'd say firmly yes
[09:24] {Threei} but with this barrage of news and constant developments at neckbreaking speed... who knows
[09:25] {patience} lots of central bank funding through the night....slosh slosh....money has to go somewhere
[09:25] {Threei} yes but why in financials :)
[09:25] {patience} or sell the bounce?
[09:25] {patience} never mind, i'll trade what i see :)
[09:26] {Threei} my feeling is, this money will try to find sectors with less risk exposure
[09:26] {magoo} tech is pummelled
[09:26] {Threei} andf start forming bottom for those sectors
[09:26] {Threei} while letting financials sort things out
[09:26] {Threei} tech is one
[09:26] {Threei} bth, AAPL is up a buck for you since my post, magoo
[09:27] {Threei} I am half dfone with your request
[09:27] {magoo} OH NO...OH NO..that was not a trade call like yesterday
[09:28] {Threei} sigh
[09:28] {Threei} no relief for me
[09:28] {dino} what only 2 bucks magoo, you don't ask for much
[09:34] {Threei} Long Setup: CALM small shares .50 break if stays above .25
[09:36] {Threei} half out CALM .95
[09:36] {Threei} scalpers take profit
[09:37] {Threei} offer other half 40.20 or so
[09:37] {dino} olmn stop to .08
[09:37] {dino} out +.50
[09:37] {dino} .54
[09:37] {Threei} wtg
[09:37] {dino} ty
[09:37] {dino} had computer cash
[09:37] {judijim} good morning all
[09:38] {Threei} jj :)
[09:39] {magoo} took calm this time vbad..nice
[09:39] {Threei} out or partialled?
[09:40] {magoo} full out
[09:40] {magoo} u know me
[09:40] {Threei} OK
[09:40] {magoo} but took hl
[09:40] {dino} ilmn sm l .15 stop .95
[09:41] {esemde} looking at CORS pullback
[09:42] {dino} light or extra gold
[09:44] {Threei} EU'S ALMUNIA: CAN NOT RULE OUT SOLVENCY ISSUES IN EUROPE, NOR ADDITIONAL GOVT INTERVENTATION IN FINANCIAL COMPANIES
[09:44] {Threei} {XLF}
[09:45] {magoo} where are the dip buyers?
[09:45] {Threei} UAUA
[09:45] {Threei} BOOSTS LIQUIDITY BY APPROXIMATELY $1.2 BILLION, COMPLETES CHASE AGREEMENT
[09:46] {esemde} cors light
[09:47] {Threei} Long Setup: RIMM .50 break
[09:47] {dino} :) es
[09:48] {magoo} lets wait vad for qqqq to reverse
[09:48] {Threei} goes without saying
[09:48] {magoo} r u cranky
[09:48] {dino} ilmn stop to .64
[09:48] {Threei} ain't I always?
[09:48] {dino} out +.49
[09:48] {magoo} oh yeah..thats right
[09:49] {Threei} :)
[09:49] {Threei} if loses 95 becomes rather a bounce play
[09:49] {magoo} again, first sign of strenght q
[09:49] {Threei} yup
[09:49] {Threei} I mean... goes without saying
[09:49] {magoo} lol
[09:51] {Threei} in
[09:51] {Threei} stop under 95
[09:51] {magoo} .23
[09:53] {Threei} dumped .95
[09:53] {Threei} was totally ready for a buck move, don't know suddenly killed it
[09:54] {magoo} really....
[09:54] {patience} tsx up 405
[09:54] {Threei} MS
[09:54] {Threei} CHINA'S CIC REPORTEDLY LOOKING TO INCREASE ITS STAKE TO 49%
[09:54] {magoo} aapl went ..q went..rimm srtarted
[09:55] {magoo} now that was nasty of rimm
[09:55] {dino} ms sm l .38
[09:55] {Threei} jeez
[09:56] {Threei} lol
[09:56] {Threei} good thing MS compensated me meanwhile
[09:56] {Threei} that's some trick onRIMM's part
[09:56] {magoo} what entry u have on rimm..just seeing if my instincts was good
[09:56] {Threei} same as you
[09:57] {magoo} oh..cool
[09:57] {magoo} that trade would work 90% of time
[10:00] {Threei} AUG LEADING INDCATORS: -0.5% V -0.2%E
[10:00] {Threei} SEPT PHILADELPHIA FED INDEX: 3.8 V -10E
[10:00] {Threei} wow
[10:01] {dino} out ms .10, +.72
[10:01] {Threei} wtg
[10:01] {dino} ty for heads up news
[10:01] {Threei} :)
[10:01] {Threei} notice interesting thing
[10:01] {Threei} WB went down on this news
[10:02] {Threei} MS's increase of chance to stay indcependent means no merger for WB
[10:02] {Threei} new pattern emerges
[10:03] {dino} ilmn sm l .40
[10:04] {esemde} OK dino...I chickened out...where would you have gotten in on CORS...and why....
[10:04] {Threei} REPORTEDLY BANK OF CHINA EXECUTIVE STATES THEY ARE NOT READY TO INVEST IN LARGE FOREIGN BANKS
[10:04] {Threei} *This story was originally posted to clients entitled to Global Equities{XLF }
[10:04] {esemde} 5.80?
[10:05] {Threei} if I am right WB should bounce on this news
[10:05] {dino} ilmn stop is .09
[10:05] {Threei} there you go
[10:06] {esemde} is 6.20 still viable dino on Cors
[10:06] {dino} stopped -.31
[10:06] {Threei} starts looking like tradeable pattern
[10:06] {Threei} you got the idea guys?
[10:08] {Threei} grave silence was the answer to him
[10:08] {cosmo} uaua
[10:10] {dino} ugh ilmn rinse
[10:14] {Threei} REITERATES CNBC REPORT THAT MERGER TALKS HAVE REACHED A MORE FORMAL STAGE WITH WB
[10:14] {Threei} {WB}
[10:15] {dino} v sm l .01 wide
[10:16] {Threei} MS
[10:16] {Threei} REPORTEDLY THE MERGER TALKS HAVE REACHED A MORE FORMAL STAGE WITH WB, ALSO DISCUSSING OPTIONS WITH OTHER FINANCIAL COMPANIES - UNCONFIRMED REPORT
[10:16] {Threei} - Note this reiterates a CNBC report earlier this morning{WB}
[10:17] {cosmo} uaua hod = 12
[10:18] {cosmo} fyi
[10:18] {Threei} oil drop helping it
[10:18] {Threei} don't pay UAUA on its own merits
[10:18] {Threei} have USAO on your screen
[10:18] {Threei} USO
[10:18] {cosmo} got both
[10:18] {Threei} you are good then
[10:19] {cosmo} oh gee....
[10:19] {Threei} hehe
[10:19] {cosmo} :)
[10:19] {Threei} USO is bouncing, watch UAUA follow the suit and drop
[10:19] {cosmo} hmm
[10:20] {Threei} it waits a little, as if to see if that's real bounce on USO, or just cople upticks
[10:20] {Threei} there you go
[10:22] {dino} v stop to .44
[10:22] {dino} out v +.43
[10:25] {cosmo} uaua ... to the moon?
[10:26] {Threei} if oil to the center of earth, yes
[10:27] {cosmo} that's one of the theories ... yes
[10:27] {Threei} (RU) FITCH SEES GROWING LIQUIDITY CONCERNS FOR RUSSIAN CORPORATIONS
[10:27] {Threei} {RSX}
[10:30] {Threei} anyone shed RSX on that?
[10:31] {Threei} shed = shorted
[10:31] {esemde} have a great day...see you tomorow......
[10:31] {Threei} take care ese
[10:31] {esemde} see ya vad
[10:35] {Threei} *EIA NATURAL GAS INVENTORIES: +67 BCF VS. +55 TO +65 BCF RANGE OF ESTIMATES
[10:35] {Threei} {UNG}
[10:35] {Threei} UNG dropped like a rock
[10:36] {Threei} CMA
[10:36] {Threei} CUTS DIVIDEND 50% TO $0.33 FROM $0.66
[10:37] {Chaeron} Good morning all
[10:37] {Threei} chaeron :)
[10:41] {magoo} UNG crashing
[10:41] {Threei} was short on that news
[10:47] {dino} v sm l .15
[10:54] {peterg} better late than never
[10:55] {magoo} aapl wewnt neg..was up 4
[10:56] {Threei} Short Setup: UAUA .55
[10:56] {Threei} stop .66
[10:58] {Threei} GE) GERMAN CHANCELLOR MERKEL: TO URGE FINANCIAL MARKETS TO BECOME MORE TRANSPARENT AND BETTER SECURE RISK
[10:58] {Threei} hmmm
[10:59] {Threei} half out UAUA .32
[10:59] {Threei} scalpers take profit
[10:59] {dino} v stop to .98 mkt drop[
[11:00] {Threei} don't tell me no one took UAUA
[11:00] {peterg} took it
[11:00] {Threei} whew
[11:01] {Chaeron} in
[11:01] {peterg} got +.15 ty
[11:01] {Threei} easiest trade in I don't know how long
[11:01] {dino} v stopped -.17
[11:02] {Threei} CME...
[11:02] {peterg} cme
[11:02] {Threei} ugh
[11:02] {Threei} charts nice for short
[11:02] {Threei} but I just can't bring myself to call a stock with 1 dollar spread
[11:03] {Chaeron} took +0.15 on UAUA thanks, Threei
[11:11] {Threei} out in full UAUA
[11:11] {Threei} +.45
[11:13] {peterg} whats up with rimm?
[11:14] {Threei} no idea
[11:14] {peterg} usual i spose
[11:15] {magoo} actually rimmvery predictable...aapl fell..rimm much delayed but followed
[11:15] {magoo} earlier..aapl up..rimm much delay but folloed
[11:16] {Threei} watching UAUA for bounce
[11:16] {Threei} .81 long
[11:16] {Threei} if holding above .70
[11:20] {Threei} wow MS
[11:20] {Threei} I don't see new news
[11:20] {Threei} last one was
[11:20] {Threei} WSJ SOURCE: MS SEEKING A 'CREATIVE DEAL' WITH WB, TALKS STILL ONGOING WITH CHINESE INVESTOR FOR STAKE
[11:20] {Threei} {WB}
[11:21] {Threei} bounce time
[11:21] {Threei} in
[11:21] {Threei} 16.90 stop
[11:21] {magoo} ms or wb bounce?
[11:21] {Threei} ms
[11:21] {Threei} half out .44
[11:22] {Threei} AIG
[11:22] {Threei} NEW CEO LIDDY: INTENTION IS NOT TO LIQUIDATE, HOWEVER AN ANSWER ON DIVESTITURES OF CERTAIN UNITS WILL HAPPEN IN A PERIOD OF WEEKS
[11:22] {Threei} - Remarks that the company has full intentions of paying back the Fed loan
[11:23] {dino} lol
[11:24] {Threei} stop to 16.99
[11:25] {dino} v sm l .60
[11:26] {Threei} offering second half 18.10
[11:26] {Threei} want a buck
[11:26] {magoo} l aapl sm .25
[11:27] {Chaeron} quit trying to be dino, will ya vad?
[11:27] {Threei} got distracted with MS, missed UAUA
[11:27] {Threei} anyone got it?
[11:28] {magoo} i think it was invalidatesd
[11:28] {Threei} OK... missed the development
[11:29] {peterg} got ms for small change due to hesitation but no regret thks
[11:29] {Threei} :)
[11:29] {Threei} stock ias horribly fast and volatile
[11:30] {Threei} can't blame you for desire to keep exposure to a minimum
[11:31] {Threei} awww UAUA
[11:31] {Threei} direct hit MS
[11:31] {Threei} +1.00
[11:31] {magoo} out MS .19 BEAUTY vad
06[11:31] * Threei slaps Chaeron around a bit with a large trout
[11:31] {Chaeron} :)
[11:31] {Threei} welcome sir
[11:32] {dino} gj
[11:32] {Threei} and magoo
[11:32] {Threei} don't call me beauty
[11:32] {Threei} ever again
[11:32] {Threei} people will start having funny thoughts
[11:33] {dino} at thi rate ilmn should cx the spilt for monday
[11:33] {magoo} gonna be hartd to comply
[11:33] {dino} v stop to .99
[11:34] {peterg} went back to the well MS for another +.20. out at .53
[11:34] {Threei} careful with such chasing entires peter
[11:34] {dino} out v .99 +.39
[11:34] {Threei} momo is momo, it's utilizable (if that's a word)
[11:34] {peterg} i likes it
[11:35] {Threei} but overall, it's dangerous
[11:35] {dino} lol
[11:35] {peterg} what, I need to learn setups, too?
[11:35] {dino} risk is your friend, dance w/it
[11:35] {Threei} ummm... sorry, didn't want to imply so much work :)
[11:36] {peterg} thk you
[11:36] {Threei} great... now I am getting lectured about risk {G}
[11:39] {dino} :)_
[11:43] {Threei} TV, mafia leaders plead guilty, plea bargain with judge
[11:43] {Threei} Don Corleone is happy he didn't live to see this
[11:46] {Threei} VIX VOLATILITY INDEX MOVES TO HIGHEST LEVEL SINCE OCT 2002; ABOVE THE JAN 22 SPIKE TO 37.57
[11:47] {Threei} WHITE HOUSE: THREATENING VETO ON THE COMMODITIES SPECULATION LEGISLATION
[11:47] {Threei} {USO IYM}
[11:54] {Threei} market feels like another breakdown is coming
[11:54] {Threei} if NQ shows sharp red bar, UAUA is short
[11:58] {Threei} bounced instead
[12:01] {magoo} today seems alot harder than yester
[12:02] {dino} indeed magoo, indeed
[12:03] {Threei} dunno
[12:04] {Threei} feels qyuite easy for me
[12:04] {Threei} buck on MS, 45 cents on UAUA
[12:04] {Threei} something else
[12:04] {Threei} ummm
[12:04] {Threei} 17 break MS...
[12:04] {Threei} scary but worth a try
[12:04] {Threei} smallish shares
[12:05] {Threei} asctual break only, no aggressive entries
[12:05] {magoo} short?
[12:05] {Threei} yes
[12:05] {Threei} 15-20 cents stop
[12:07] {Threei} half out
[12:07] {peterg} dang, wish I could play but gotta go for 2 hrs. Good hunting
[12:07] {Threei} got .60 cover on first half
[12:08] {Threei} .11 stop
[12:09] {Threei} out
06[12:09] * Threei slaps magoo around a bit with a large trout
[12:09] {Threei} how hard was that?
[12:09] {magoo} nice
[12:11] {Threei} NY AG TO MAKE ANNOUNCEMENT REGARDING SHORT SELLING TODAY
[12:11] {Threei} anyone cared to ask how come china market dropped 70% from its high - and there is no shorting allowed over there?
[12:12] {Threei} window dressing instead of real solutions...
[12:12] {Threei} we need office reconstruction, not redecoration
[12:12] {dino} exactly
[12:14] {dino} skf non avail cyber
[12:15] {dino} not
[12:15] {Threei} available here
[12:15] {Threei} want me to short it for you?
[12:16] {Threei} where do you want me to cover?
[12:17] {Threei} sorry dino... in absence of instructions I covered .70
[12:17] {Threei} from 145.30
[12:17] {dino} yes and cover at 133
[12:17] {Threei} ugh
[12:18] {Threei} OK, will reshort
[12:18] {Threei} say when
[12:18] {dino} lol
[12:18] {dino} and gj
[12:18] {Threei} ty
[12:19] {Threei} in 146.30
[12:19] {Threei} where is stop?
[12:20] {Threei} out 145.6
[12:21] {Threei} it's fun
[12:21] {Threei} doesn't look like short for now
[12:25] {Threei} BK
[12:25] {Threei} REPORTEDLY A BANK OF NY MELLON INSTITUTIONAL FUND THAT WORKS LIKE A MONEY MARKET FUND HAS FALLEN TO LESS THAN $1/SHR
[12:27] {Threei} CNBC REPORTS THAT PUTNAM IS PLANNING TO CLOSE A FUND
[12:31] {Threei} GS
[12:31] {Threei} HEARING GOING PRIVATE RUMORS BEGINGING TO CIRCULATE
[12:33] {dino} ntrs blood
[12:33] {_petike} what is the GS?
[12:34] {Threei} Goldman Sachs
[12:34] {_petike} many thanks;-)
[12:35] {dino} private would do away w/mark to market
[12:35] {Threei} I don't know how to estimate impact of this on financial swector
[12:36] {dino} ntrs 4 days 89-53
[12:36] {Threei} too many implication,s, too few precedents
[12:37] {Threei} WHITE HOUSE: SEC'S COX HAS THE FULL SUPPORT OF PRESIDENT BUSH
[12:37] {Threei} 'ggod job coxie"?
[12:38] {Threei} MS new 52 weeks low
[12:39] {Threei} GS, mama mia
[12:39] {Threei} - The comment comes in the wake of suggestions from Republican Presidential candidate McCain that Cox be fired for his role in the credit crisis.
[12:39] {Threei} {Cox} there you have it, now I know how I vote
[12:44] {dino} gs down about 100 pts in a week
[12:45] {Threei} 15.25 is MS's line of defense
[12:45] {Threei} worth a shot on a short side if breaks it
[12:46] {dino} rumors of hedge fund group trying to break gs, ms
[12:47] {dino} realmoney
[12:48] {Threei} well
[12:48] {Threei} they are doing a heck of a job
[12:49] {dino} so much for the new no naked shorting
[12:50] {Threei} uhhu
[12:51] {Chaeron} UHHU not shortable on Laser
[12:52] {patience} gold climbing nicely, happiness :)
[12:52] {Threei} cover half
[12:52] {Threei} MS
[12:52] {dino} america is on sale
[12:52] {patience} its your dollar that i am worried about dino
[12:54] {dino} out of my hands
[12:54] {patience} no doubt
[12:54] {dino} but it weill be weakened, rate cuts are coming soon
[12:54] {patience} seems likely, here also
[12:56] {dino} around the world
[12:56] {Chaeron} Is this the beginning of the 3rd wave that you were expecting Threei for final flush?
[12:56] {dino} think of this, russian markets closed, those people are selling whatever they can in other markets then
[12:57] {dino} leh tied up in bankruptcy, so their "clients' are selling everything else can't get their leh funds
[12:57] {dino} and so on......
[12:58] {dino} basically an old fashioned bank run, but w/investment banks
[12:59] {patience} interesting article here on bank 'ring fences ' http://londonbanker.blogspot.com/2008/09/ring-fences-rustlers-and-global-bank.html
[12:59] {dino} crowds yelling "get me out"
[12:59] {Threei} mama mia
[12:59] {Threei} MS
[12:59] {Threei} anyone played it short?
[12:59] {Chaeron} was just going to say
[13:00] {dino} gs lows
[13:00] {_petike} i just was not sute is it could go down more
[13:00] {_petike} now im regret it
[13:01] {Chaeron} remember this.... they can always go to zero (LEH)
[13:02] {Threei} STT
[13:02] {Threei} next financial to go
[13:02] {Chaeron} crazy
[13:03] {patience} scary
[13:03] {Threei} halfed already
[13:03] {Threei} in one day
[13:03] {Chaeron} too scary and froggy to trade
[13:04] {dino} i'm confused
[13:05] {Threei} where is cramer
[13:05] {Threei} we need him to tell us what to do
[13:06] {Chaeron} Sept. 18 (Bloomberg) -- The Democratic-controlled Congress, acknowledging that it isn't equipped to lead the way to a solution for the financial crisis and can't agree on a path to follow, is likely to just get out of the way.
[13:07] {dino} lol, and they want the presidency too
[13:07] {Threei} is this a joke?
[13:07] {Chaeron} ummm... no
[13:07] {Threei} wow
[13:07] {Threei} lol
[13:08] {Chaeron} http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aVPBaUbYV_qQ
[13:08] {patience} who owns bloomberg?
[13:08] {Chaeron} Michael
[13:08] {dino} news company
[13:09] {Chaeron} One reason, Senate Majority Leader Harry Reid said yesterday, is that ``no one knows what to do'' at the moment.
[13:09] {patience} i know
[13:09] {hawkfan4} 13:05 FSA bans short selling of financial companies; FSA ban on financial co short selling from 2300 GMT Thurs - DJ
[13:09] {hawkfan4} The FSA (Financial Services Authority) is the UK's independent financial regulator
[13:09] {patience} few people will be stopping at the liquor store on the way home from work tonight
[13:09] {dino} synt sm l .35
[13:10] {Chaeron} House Financial Services Committee Chairman Barney Frank said Congress could give the Federal Reserve authority to pay interest on bank reserves sooner than originally scheduled.
[13:10] {Chaeron} ``They already have the authority; it's just a question of moving it up a couple of years,'' Frank, of Massachusetts, told reporters yesterday. ``We're trying to work that out.''
[13:10] {Threei} WB
[13:11] {Threei} interesting
[13:12] {dino} i'm appalled, the senate actually has to work
[13:13] {Chaeron} From Times OnlineSeptember 18, 2008
[13:13] {Chaeron} Russia ratchets up US tensions with arms sales to Iran and Venezuela
[13:15] {Threei} NYT REPORTEDLY FILES AN 'EDITOR'S NOTE' WITH REGARDS TO STORY PUBLISHED ON MS AND CITIGROUP
[13:15] {Threei} {C}
[13:18] {Threei} WB explosion
[13:19] {Threei} NYT REPORTEDLY FILES AN 'EDITOR'S NOTE' WITH REGARDS TO STORY PUBLISHED ON MS AND CITIGROUP
[13:19] {Threei} - Note earlier there were denials over attributions of comments from MS CEO Mack and Citigroup's Pandit
[13:19] {Threei} - Editor's note has now clarified previous report from two individuals who were briefed on the conversation, sources cited in article were 'not present' at conversation where Mack was reportedly quoted as sayin " if we dont have a partership we will not make it', should not have published story without first doing more research {C}
[13:24] {Threei} mags... please make a note somewhere that I overdelivered on a promise to call 2 points for you today
[13:27] {dino} bpfh
[13:28] {magoo} see vad...u perform better when i put the "heat" on u
[13:28] {magoo} NICE
[13:32] {Threei} STATEMENT FROM STATE STREET REGARDING MARKET MISUNDERSTANDINGS
[13:32] {Threei} - confirms that, as previously disclosed, it does not believe consolidation of its conduits is required. State Street confirms that even if it had to consolidate its conduits, it would remain well capitalized with ample sources of liquidity. The company raised $2.8 billion in equity capital in early June 2008 and does not currently have any plans to raise additional equity.
[13:32] {Threei} - NAV) of State Street Global Advisors' money market funds has never declined below $1, including in its Short Term Investment Fund (STIF), Government Short Term Investment Fund (GSTIF) and the Navigator Securities Lending Trust
[13:32] {Threei} - These funds do not have any unsecured exposure to AIG, Lehman, Washington Mutual, Wachovia, Merrill Lynch or Morgan Stanley.
[13:34] {Threei} huge rebound
[13:34] {Threei} in all financials
[13:34] {dino} skf vad 131
[13:34] {Threei} looks like this last round of selloff was caused by unsabstatiated rumors
[13:34] {Threei} at least that'as the story for nwo
[13:34] {Threei} now
[13:35] {Threei} I missed that short dino... :(
[13:35] {Threei} sorry
[13:35] {magoo} i lost short on it vad..had it sh 146
[13:35] {magoo} SIGH
[13:36] {Threei} unbelieavble swings today
[13:37] {magoo} a daytraders paridise
[13:37] {Threei} unfortunately this rebound happened on discussions beyond the curtain
[13:38] {Threei} behind too
[13:39] {magoo} where the hells evadresal(:
[13:39] {Chaeron} wow... we could have made 15+ points on GS :)
[13:39] {dino} woof
[13:40] {dino} cedc sm l .04
[13:41] {Threei} STT pullback
[13:42] {dino} you want to cry chaser, i missed cme at 313.31
[13:42] {dino} chaer
[13:43] {Threei} time for bounce SKF
[13:43] {magoo} where?
[13:44] {Threei} late
[13:44] {Threei} got it 10.40
[13:44] {Threei} 130.40
[13:44] {Threei} half out +2
[13:44] {magoo} in 131.88...ouit 132.34
[13:44] {Threei} lol
06[13:44] * Threei slaps magoo around a bit with a large trout
[13:44] {magoo} right before i assked
[13:45] {magoo} kind of revenge trade
[13:45] {magoo} STT losing ground
[13:48] {Threei} short or no short
[13:49] {dino} cedc stopped -.40 that thing is f#cked
[13:49] {Threei} WSJ CONFIRMING EARLIER RUMORS THAT CALPERS (CALIFORNIA PENSION FUND) WILL NO LONGER LEND SHARES OF GOLDMAN AND MORGAN STANLEY FOR SHORTING
[13:49] {Threei} - confirms earlier rumors
[13:52] {Threei} WB... jeez
[13:53] {Threei} MS
[13:53] {Threei} REPORTEDLY CEO HAS TOLD SENIOR EMPLOYEES THAT HE IS NOT SELLING SHARES - UNCONFIRMED REPORT
[13:54] {Chaeron} no, he has his broker doing it for him.... :)
[13:55] {dino} enron guys said same thing
[13:56] {Threei} lol
[13:57] {Threei} btw
[13:57] {Threei} in case you guys find tis market boring, and need some additional entertainment,
[13:57] {Threei} tomorrow is quadriple witching
[13:57] {Threei} aren't you glad something's going to inject a little volatility?
[13:58] {Chaeron} yea! more 10+ point trades!
[13:58] {dino} lol
[14:00] {dino} stt dropping again
[14:03] {dino} out synt .85 +.50
[14:04] {dino} ilmn sm l .08
06[14:06] * laserdave1 slaps Threei around a bit with a large trout
[14:06] {laserdave1} hey guys
[14:06] {laserdave1} and laser traders
[14:06] {laserdave1} please note
[14:06] {Threei} hey dave
06[14:06] * Chaeron slaps laserdave1 around a bit with a large trout
[14:06] {laserdave1} as far as overnights
[14:07] {laserdave1} we are not allowed to hold short any shares overnight
[14:07] {Threei} lol
[14:07] {laserdave1} sec rule
[14:07] {laserdave1} not sure for how long?
[14:07] {Threei} must be crazy to do it anyway
[14:07] {laserdave1} u will be pounded out
[14:07] {laserdave1} very true
[14:07] {laserdave1} btu out of some fluke i dont want someone pounded out in after hours with little market
[14:08] {laserdave1} ya holding is nuts
[14:08] {laserdave1} :)
06[14:08] * magoo slaps laserdave1 around a bit with a large trout
06[14:08] * magoo slaps laserdave1 around a bit with a large trout
06[14:08] * magoo slaps laserdave1 around a bit with a large trout
[14:08] {magoo} pound that'
[14:08] {Chaeron} roflol
[14:09] {Threei} US HOUSE HAS REPORTEDLY SENT A BILL TO THE SENATE THAT WOULD PLACE LIMITS ON OIL POSITIONS FUTURES
[14:09] {Threei} - Note the White House threatened to veto the commodity trading bill earlier today{USO}
[14:09] {Threei} NY AG CUOMO: TO INVESTIGATE SHORT SELLING AT LEHMAN AND AIG, INCLUDING THE "SPREADING OF FALSE INFORMATION"
[14:09] {Threei} - says fully committed to prosecuting wrongdoers
[14:09] {Threei} - wants SEC to freeze short selling of financial stocks{AIG LEH}
[14:10] {Threei} investiagte the imbecil who published false news on UAUA while you at it
[14:15] {judijim} take care for today we're done. It's been great watching and learning in the trading room
[14:15] {Threei} take care jj, have fun and good luck
[14:15] {judijim} tomorrow will be our last day but staying plugged into scanner. Be back tomorrow
[14:16] {dino} cya jj
[14:17] {magoo} bye jj:)
[14:21] {dino} hmmm only 265 pt range today
[14:21] {dino} 365
06[14:24] * laserdave1 slaps Threei around a bit with a large trout
[14:24] {Threei} hmmm
[14:24] {Threei} what was that for
[14:26] {laserdave1} ummm cuz i think your really cool dood
[14:26] {magoo} u see my assault upon u?
[14:28] {dino} sm risky l stt .60
[14:30] {dino} stop is .19 things' like pulp
[14:31] {magoo} pulp can move baby
[14:33] {peterg} makes my guts pulp
[14:33] {peterg} just watching
[14:34] {dino} stopped
[14:34] {peterg} brave soul
[14:35] {dino} wynn
[14:35] {dino} lol
[14:36] {dino} ilmn stopped -.50 sm
[14:49] {Threei} US SEN SCHUMER WILL REPORTEDLY ANNOUNCE AN RTC-LIKE PLAN TO CALM MARKETS IN THE FINANCIAL SECTOR
[14:50] {Threei} RTC-like?
[14:53] {dino} resolution trust corp, what saved the savings and loan in the 80s
[14:54] {Threei} what does it involve
[14:55] {dino} gov't corp, picks up the bad loans on properties, then sells them out
[14:55] {dino} off banks balance sheets
[14:55] {Threei} got it
[14:56] {Threei} sounds like positive for banks
[14:56] {Threei} why new wave of seling hits :)
[14:56] {dino} it would be positive, imo
[14:57] {Threei} yes GS is dropping, SKF is spiking
[14:57] {dino} as for selling, who knows
[14:57] {Threei} yes = yet
[14:57] {Threei} market is scared out of its mind
[14:57] {Threei} doesn't know who to listen to
[15:00] {dino} stt spike
[15:00] {dino} v sm l .
[15:02] {magoo} jesus..up 195 now
[15:02] {dino} out 47.50 +2.00
[15:02] {dino} way soon
[15:02] {Threei} CNBC'S GASPARINO: TREASURY SEC PAULSON EVALUATING AN RTC TYPE SOLUTION IN ADDITION TO US SEN SCHUMER
[15:02] {Threei} {XLF}
[15:02] {dino} 47.67, +2.17
[15:03] {Threei} wow
[15:03] {Threei} nmow market is liking it
[15:05] {dino} ok 400 pt range now patience
[15:06] {dino} sm l v .02
[15:07] {dino} wynn wow
[15:12] {dino} v stop to .64
[15:13] {magoo} MAN
[15:13] {magoo} vad pick something ANYTHINGGGGGGGGGGGGGG
[15:13] {dino} make v .82
[15:13] {Threei} mags they move so fast and change so suddenly, calls are useless
[15:14] {magoo} i know..i just hit aapl but could never call it in time
[15:14] {magoo} just funnin with ya
[15:14] {Threei} SKF is playable off GS if you can keep one eye on one and second on another
[15:17] {dino} out v 65.52 +1.50
[15:18] {dino} wow, i just turned a flat day to up nicely
[15:18] {Threei} :)
[15:21] {dino} and on that note, calling it a day. son's last baseball game of year at 4:00
[15:21] {Threei} take care dino :)
[15:22] {dino} u2 all
[15:22] {Threei} CNBC HAS SPOKEN TO THE WHITE HOUSE AND RECEIVED NO COMMENT WITH REGARDS TO AN RTC TYPE SOLUTION
[15:22] {dino} down we go, lol
[15:23] {Threei} US TREASURY REPORTEDLY DECLINES COMMENT ON WHETHER PAULSON IS CURRENTLY IN DISCUSSIONS WITH CONGRESS REGARDING AN RTC STYLE SOLUTION
[15:28] {cosmo} RTC raly?
[15:36] {Threei} seasickness
[15:40] {magoo} on helluva range on GS today
[15:40] {Threei} gosh, look SKF range
[15:41] {Threei} 45 points?
[15:48] {patience} what a ride today
[15:48] {Threei} another day with no precedent in my memroy
[15:49] {cosmo} that bad?
[15:50] {magoo} cant lose the feeling that i should have made alot more money than i did today
[15:50] {patience} not a level playing field magoo...they keep changing the rules
[15:50] {magoo} 20 point aapl range
[15:51] {Threei} yes cosmo... takes 3-5 minutes in the morning to remember my name
[15:53] {cosmo} if i cant remember, it wasnt important...
[15:53] {Threei} that's how I console myself
[15:53] {Threei} if I remember I need consolation
[15:54] {cosmo} or a hitman...
[15:56] {magoo} dave..we allowed to short afterhours??
06[15:56] * magoo slaps laserdave1 around a bit with a large trout
06[15:56] * magoo slaps laserdave1 around a bit with a large trout
[15:56] {magoo} [15:56] {magoo} dave..we allowed to short afterhours??
[15:56] {magoo} [15:56] * magoo slap
[15:57] {peterg} good question
[15:57] {magoo} LASERDAVE
[15:57] {Threei} realize that if market gets thin and you don't cover in time, your position will be closed at some point at market
[15:58] {Threei} that's your risk
[15:58] {magoo} well, need to know if u only need to close out before 6 p.m
06[15:59] * Threei slaps laserdave1 around a bit with a large trout
[15:59] {magoo} LASERDAVE
[16:00] {Threei} Ok guys, thank you all
[16:00] {Threei} have a good evening
[16:00] {Threei} see you tomorrow for more excitement
[16:00] {magoo} u 2 vad
[16:00] {peterg} bye all

Sep 17 2008

Session Time: Wed Sep 17 00:00:00 2008

[08:18] {Threei} another funky morning
[08:18] {Threei} ING
[08:19] {Threei} worth a shot on a short side
[08:20] {brian3579} gm all
[08:20] {Threei} brian :)
[08:30] {Threei} *Q2 CURRENT ACCOUNT BALANCE: -$183.1 B V -$180.0BE
[08:30] {magoo} mornink comrades
[08:30] {Threei} AUG HOUSING STARTS: 895K V 950KE; BUILDING PERMITS: 854K V 928KE
[08:30] {Threei} - Prior Housing Starts revised from 965K to 954K
[08:30] {Threei} magoo :)
[08:30] {patience} good morning RT :)
[08:30] {Threei} patience :)
[08:31] {Threei} MS getting hit
[08:32] {magoo} ms hit 32 afterehours
[08:33] {magoo} u short ING and where?
[08:33] {Threei} .92
[08:33] {magoo} nice
[08:35] {Threei} NY INSURANCE CHIEF DINALLO: AIG BAILOUT REPRESENTS A "PARADIGM SHIFT" FOR THE US ECONOMY
[08:35] {Threei} as in switch to socialism?
[08:36] {Threei} great... where do I immigrate next
[08:37] {magoo} where u covering ing?
[08:37] {Threei} covered half .53
[08:44] {cosmo} 3i....i hear costa rica may go cashless...
[08:45] {Threei} as in?
[08:45] {cosmo} like old times...
[08:45] {Threei} natural exchange?
[08:45] {Threei} cow for iron?
[08:45] {cosmo} barter stone balls and such....yea
[08:46] {Threei} the way cxurrencies go these days... may be not a bad idea
[08:47] {cosmo} keep thinking .... we need a breakthru
[08:47] {Threei} me? thinking?
[08:47] {cosmo} just checking....:)
[08:47] {Threei} you are safe
[08:48] {Threei} we have enough deep thinkers on all govt/banking levels, I see no need to intrude
[08:48] {cosmo} agree
[08:49] {cosmo} i'm a heratic anyway...
[08:49] {Threei} you better check with Raven
[08:49] {peterg} morng
[08:49] {Raven} who?
[08:49] {cosmo} speling?
[08:49] {Threei} I am fairly sure there is misspeling in that
[08:49] {Threei} peter :)
[08:50] {Raven} morn cosmo :)
[08:50] {cosmo} moan...
[08:50] {Raven} that bad?
[08:51] {cosmo} heretic?
[08:51] {Raven} sure
[08:51] {cosmo} k
[08:52] {cosmo} .... maybe i should wear taser resistance clothing
[08:53] {Onix} good morning
[08:53] {Raven} just get some coffee
[08:53] {Threei} onix :)
[08:53] {cosmo} got it...
[08:53] {Raven} remain clam
[08:57] {cosmo} so far....so good...
[08:58] {Raven} I guess
[08:58] {cosmo} ASML
[08:58] {cosmo} not happy
[08:58] {cosmo} no news
[09:00] {Threei} GOLDMAN SACHS CUTS ASML TO SELL FROM NEUTRAL (TIMING UNCERTAIN)
[09:00] {Threei} - Note: Goldman cut ASML to Neutral about a month ago
[09:05] {dino} gm all, end again i see
[09:05] {Threei} dino :)
[09:06] {Threei} yeah, as it becomes customary
[09:06] {Threei} coffee... end of the world... newspaper...
[09:06] {Threei} morning routine
[09:07] {dino} like that movie w/bill murray, groundhog day
[09:07] {Threei} :)
[09:07] {fernp} Good morning all
[09:07] {Threei} fern :)
[09:08] {dino} china must be collasping, fxp from about 80-130 in sept.
[09:09] {pita} gm all - congrats Dino on yesterday, what a day to miss
[09:09] {Threei} pita :)
[09:09] {Threei} http://www.telegraph.co.uk/news/worldnews/europe/russia/2975934/Smugglers-built-vodka-pipeline.html
[09:09] {Threei} that's your CEDC dino...
[09:09] {dino} ty pita, got lucky
[09:09] {Threei} The accused built a 2-kilometre pipeline through a reservoir that marks the Russian-Estonian border, and managed to pump 6,200 litres of spirits across before getting caught.
[09:09] {dino} wow
[09:10] {dino} no wonder sales dropped, lol
[09:10] {Threei} my point :)
[09:15] {dptl} gtood morning all
[09:15] {Threei} dp :)
[09:28] {Threei} that's funny:
[09:28] {Threei} U.S. POWER SECTOR CUT TO NEUTRAL AT LEHMAN
[09:28] {Threei} US power sector to lehman: who are you?
[09:29] {Threei} do you even exist anymore?
[09:31] {Threei} Short Setup: ING .29 if stays below .40
[09:32] {judijim} good morning all
[09:32] {Threei} jj :)
[09:33] {esemde} morning....late to the party
[09:33] {Threei} ese :)
[09:34] {Onix} in ING .29
[09:34] {Threei} NY FED REITERATES THAT IT STANDS READY TO ADD ADDITIONAL RESERVES IF NECESSARY
[09:36] {esemde} SNDK
[09:38] {magoo} l aapl
[09:38] {esemde} thinking shor at 20.25
[09:38] {magoo} .75
[09:38] {Threei} SNDK got takeover bid ese
[09:39] {Threei} ING stopped
[09:39] {Onix} stopped ING
[09:39] {cosmo} ESLR @ 5
[09:39] {cosmo} fleas and all...
[09:40] {esemde} ya.....i know that...7 beans up.....should pull back a little i think
[09:40] {magoo} out aapl
[09:40] {esemde} then again maybe not
[09:40] {magoo} sory so fast
[09:40] {magoo} went in..i popped
[09:41] {Threei} Long Setup: JASO
[09:41] {Threei} ugh
[09:42] {Threei} see if pulls back a little
[09:42] {Threei} meant .32 - .33
[09:42] {dino} v sm l .00
[09:44] {Threei} SEC TAKES ACTION TO PROTECT AGAINST NAKED SHORT SELLING
[09:44] {cosmo} vice squad?
[09:44] {Threei} EFFECTIVE AS OF 12:01AM, SEPT 18 FOR THE ENTIRE US EQUITY MARKET
[09:45] {esemde} nude short sellers...hmmmmmmkinky
[09:46] {Threei} not sure why SEC is against that
[09:46] {patience} gold running up nicely :)
[09:47] {Threei} - Eliminates Reg SHO option market-maker exception
[09:47] {Threei} - Adopts short-sale anti-fraud rule
[09:47] {Threei} - Requires all short sallers to deliver stock on the settlement date
[09:50] {Threei} Long Setup: WB .81 if stays above .70
[09:50] {esemde} Ok forget my SNDK thoughts
[09:51] {dino} out v .05 +1.05
[09:52] {dino} that sucks, because i just heard that pam anderson wanted to learn naked shorting
[09:54] {Threei} somewhat listless market so far
[09:54] {magoo} WB invalide?
[09:54] {esemde} even better....we'll dress in the buff to trade here on Vad's board.....everyone has to to be stark naked in the morning
[09:55] {Threei} became more of a bounce play than break mags
[09:55] {magoo} ok..i went for coffee
[09:55] {Threei} just no webcameras please
[09:56] {magoo} vad, u reading GS?
[09:56] {magoo} as in 100 shares..it was fun remember
[09:57] {Threei} don't see anything on it so far
[09:57] {magoo} me neither..but im on it
[09:58] {dino} trading w/dji magoo
[09:59] {magoo} good to know dinomiester
[10:00] {dino} sm risky ntrs l .65
[10:00] {Threei} US TREASURY TO ISSUE DEBT TO EXTEND FED'S BALANCE SHEET WITH BILL AUCTIONS
[10:05] {Threei} CALM looks interesting... I wish it wasn't that thin
[10:05] {Threei} risk is horrifically high on it
[10:06] {magoo} market losing it here
[10:11] {dino} sm risky l cedc .50
[10:11] {esemde} long HERO .30 1/2
[10:11] {esemde} .20 stop
[10:12] {Threei} mags, you looked at CALM?
[10:12] {Threei} somewhat your type
[10:13] {Threei} thin, for small shares, big upside, big downside
[10:13] {Threei} breaking out on daily
[10:13] {Threei} loaded with shorts
[10:14] {magoo} looking now..where was it when u mentioned?
[10:15] {Threei} right here
[10:15] {Threei} upticked to .69
[10:15] {Threei} retreated back into .50
[10:16] {Threei} (RU) RUSSIAN EQUITY EXCHANGE WILL NOT REOPEN FOR TRADING TODAY
[10:16] {Threei} - Was expected to resume for the last hour of trading today
[10:20] {Threei} CALM ramp up
[10:20] {magoo} wow vad..point since u mentioned..but i no take
[10:20] {Threei} :(
[10:20] {magoo} yeah:(:(
[10:21] {Threei} and that was blue special for you
[10:21] {magoo} sorry...
[10:21] {Threei} catered and custom-tailored for your trading style
[10:21] {Threei} asorry... but sorry won't cut it
[10:21] {magoo} i thought u hated me and was trying to get me lol
06[10:21] * Threei slaps magoo around a bit with a large trout
[10:21] {Threei} oh, that too
[10:21] {esemde} HERO...stopped...ah well it was a good try
[10:21] {Threei} so it was win win for me
[10:23] {Threei} SHLD
[10:23] {Threei} SURGES TO SESSION HIGHS ON POSITIVE COMMENTS BY JIM CRAMER RELATED TO TODAY'S CHANGES IN SHORT SELLING RULES - CNBC
[10:23] {Threei} - Cramer calls today's announcement by the SEC a "game changer" for stocks that have exceedingly high short interest
[10:23] {Threei} so... what are the highest short interests out there
[10:26] {magoo} what is naked shorting again....broker cant let u short if they no have any stock
[10:26] {dino} yeah, he yells this and we drop 40
[10:26] {Threei} *(RU) CENTRAL BANK LOWERS RESERVE REQUIREMENTS
[10:26] {dino} mark to market is the issue, not short sellers, imo
[10:28] {dino} 3rd rule, securities fraud if shorts decieve brokers about delivering borrowed shares
[10:30] {esemde} NVDA one of the top short interest stocks
[10:30] {Threei} almost 2 bucks CALM
[10:32] {Threei} oil numbers are coming
[10:32] {Threei} in 3 min
[10:33] {Threei} NVDA 8.93% of float is short
[10:33] {Threei} CAEI... 6 break, very risky
[10:35] {Threei} DOE CRUDE: -6.3M V -4ME;
[10:35] {Threei} GASOLINE: +3.3M V -4ME; DISTILLATES: -835K V -2ME;
[10:37] {esemde} 47.1 million shs for NVDA
[10:37] {esemde} 2.7 days to cover
[10:38] {Chaeron} good morning all
[10:38] {Threei} chaeron :)
[10:39] {esemde} CCCCCHHHHHH......hows it goin
[10:39] {Chaeron} great thanks ese. Good to see everyone. Any damage we can do this morning
[10:40] {Threei} yes
[10:40] {Threei} hit magoo with trout
06[10:41] * Chaeron slaps magoo around a bit with a large trout
[10:41] {Threei} ty
[10:41] {Chaeron} ok... now what... I'm bored... Russian exchange closes and I'm twidling thumbs
[10:41] {esemde} you got positions there CH
[10:42] {Threei} I gave him 3.5 points winner and he ignored it, because he thought I hated him
[10:42] {Chaeron} no... teasing ese... sorry
[10:42] {Threei} do you see any logic in that?
[10:42] {Chaeron} Hate me, will ya?
[10:43] {esemde} Vads shares in the Vodka industry are all cloes down.....been hard on him
[10:43] {Threei} lol
[10:43] {Threei} those darn smugglers with their 2km-long pipelines
[10:46] {Threei} so, why is market going down if short sellers are being reigned in?
[10:46] {Threei} what an utter nonsense...
[10:46] {dino} cedc was stopped -.55 awhile ago, r.e. distractions
[10:47] {Threei} you can't fight smugglers dino
[10:48] {patience} gold is up 47 dollars vad....flight out of fiat currency and equities...i'm having a second big up day :)
[10:49] {Threei} so... gold is better investment than vodka (from the look of charts of GOLD vs CEDC)...
[10:49] {Threei} who knew
[10:52] {esemde} No THAT!!!! really depends on your point of view
[10:52] {esemde} Now That....
[10:53] {esemde} quality of life issue.......gold does nothing for me...Vodka on the other hand??
[10:56] {Threei} MS
[10:56] {Threei} I don't see news
[10:56] {Threei} sudden selling hit
[10:57] {Threei} Short Setup: LVS half lot .50 break
[10:57] {Threei} stop above .70
[10:59] {Threei} CEG
[10:59] {Threei} S&P PLACES RATINGS ON CREDIT WATCH
[11:00] {Threei} S&P SAYS PRESSURE IS BUILDING ON THE AAA US SOVEREIGN RATING
[11:01] {Threei} wow CEG
[11:01] {Threei} round 2
[11:04] {Threei} US ENERGY SECRETARY: DECISION WILL COME TODAY ON WHETHER TO REQUEST IEA OIL
[11:04] {Threei} {USO}
[11:07] {GeoArb} gm
[11:07] {Threei} geo :)
[11:13] {GeoArb} .
[11:13] {Threei} WHITE HOUSE: WE ARE CONCERNED ABOUT OTHER COMPANIES
[11:13] {Threei} WB sharp selling
[11:13] {Threei} nearing yesterday's low
[11:13] {Threei} should be a bounce scalp soon
[11:14] {magoo} backj
[11:14] {magoo} had a meeting in office
[11:14] {magoo} impromptu
[11:15] {magoo} oh and
06[11:15] * magoo slaps Chaeron around a bit with a large trout
[11:17] {GeoArb} MS 10 yr low
[11:17] {dino} v sm l .40 forgot order , ditractions
[11:17] {dino} distractions
[11:17] {dino} the banks must be liquidating their v holdings
[11:17] {magoo} l 100 sh gs 113.40
[11:20] {magoo} l rimm sm .7
[11:21] {Threei} MS has a look of second shoe drop coming
[11:23] {dino} v stop to b/e
[11:23] {magoo} man GS
[11:24] {magoo} end of world
[11:24] {dino} cme v sm , v risky, l 2.50
[11:26] {dino} v stopped flat
[11:26] {dino} lod
[11:27] {Threei} mama mia MS
[11:27] {Threei} SEC'S COX: THE BARCLAYS/LEHMAN DEAL IS WELCOME NEWS
[11:27] {Threei} {LEH}
[11:27] {Threei} uhhu
[11:27] {Threei} market welcomes it too
[11:28] {dino} must have the "enron" puts on it
[11:29] {Threei} sure, let's nail those darn short sellers
[11:29] {Threei} that'll show them
[11:29] {GeoArb} i am completely fixated on MS chart
[11:29] {Threei} mesmerizing isn't it
[11:30] {dino} gs going to par
[11:30] {Threei} little bounce time
[11:30] {dino} v sm l .25
[11:32] {Threei} if you qwent for MS bounce, get out here
[11:34] {dino} $2 spread on cme
[11:41] {Threei} WB looks bottom less
[11:44] {Threei} PIMCO'S EL ARIAN: STABILIZATION OF AIG DOES NOT STOP OTHER FIRMS FROM BEING WEAK
[11:44] {Threei} {XLF}
[11:44] {Threei} no?
[11:44] {Threei} wow
[11:44] {Threei} and we thought they were strong
[11:45] {Chaeron} go figure
[11:45] {Chaeron} where do they get these quotes?
[11:46] {dino} v wants green
[11:47] {dino} any takers on your own v and cme, still in but....greed
[11:51] {Threei} S&P AFFIRMS UNITED STATES AAA RATING
[11:52] {dino} out v .85 +.60, reverse slip on stopp
[11:52] {Threei} Short Setup: MS 19 break
[11:52] {Threei} sheesh
[11:52] {Threei} late
[11:54] {Threei} moves happen way too fast
[11:54] {Threei} I am staying away for now
[11:54] {Threei} in time it takes me to type alert stock sets up, reaches 1:1 and bounces back
[11:56] {Threei} FDIC'S BAIR: INTENDS TO PROPOSE A HIKE ON PREMIUMS IN EARLY OCTOBER
[11:58] {dino} out cme 7.72, +5.22
[11:59] {esemde} take care all...maybe see you tomorrow
[11:59] {Threei} take care ese
[11:59] {dino} u2es
[11:59] {esemde} see ya vad dino
[11:59] {dino} you guys are tough, c'mon
[11:59] {Threei} lol dino
[11:59] {dino} 222.50-227.72
[12:00] {Chaeron} dang dino... you're buying lunch for all... and paying my mortgage
[12:00] {Threei} IMF'S STRAUSS KAHN: US FINANCIAL SECTOR CRISIS PRESENTS RISKS TO GROWTH
[12:00] {Threei} {XLF}
[12:00] {Threei} no, really?
[12:00] {Threei} he means growth may slow a little?
[12:00] {Threei} MS
[12:00] {Threei} HEARING VAGUE TAKEOVER CHATTER CIRCULATING
[12:00] {Threei} lol
[12:01] {Threei} - HSBC rumored as a potential acquirer
[12:03] {pita} Have fun all - day job.......
[12:03] {Threei} take care pita
[12:04] {dino} cya pita
[12:04] {dino} watching cme, trv, ge
[12:04] {dino} fdx
[12:04] {dino} v too
[12:05] {Threei} MS -11
[12:05] {Threei} jeez
[12:06] {Threei} providing we live long enough... this will be the stuff to tell out grandkids
[12:06] {dino} a bit odd, indeed
[12:07] {Chaeron} House Speaker Nancy Pelosi, when asked Tuesday whether Democrats bear some of the responsibility regarding the current crisis on Wall Street, had a one-word answer: “No.”
[12:07] {Threei} "grandaddy, is it true that before our firepits to cok food on people had strange things called stoves, ovens, toasters... and it was all not in caves but in even stranger things called houses/"
[12:07] {Threei} "Yeah... then banks failed"
[12:08] {dino} wbmd
[12:08] {dino} too fast
[12:10] {Threei} here is the thought guys
[12:10] {magoo} OYYYYYYYYY
[12:10] {Threei} this stuff is getting really scary
[12:11] {Threei} feels like there is no hope for survival
[12:11] {Threei} what does it mean to you?
[12:11] {magoo} RALLY
[12:11] {Threei} maybe not yet,
[12:11] {Threei} probably one more major bank failure is needed for a final washout
[12:12] {Threei} but we are much closer to ultimate panic and bottom than we were just yesterday
[12:12] {Threei} fear is palpable
06[12:12] * Chaeron dusting off DOW 10K party hat
[12:12] {Threei} even week or two ago there was a lot of denial in the air
[12:13] {Threei} not anymore
[12:13] {Threei} pure fear
[12:13] {Threei} don't take it as a buy now
[12:13] {Threei} as I said... panic is still ahead
[12:14] {Threei} and not all of today's players will live to see the bottom
[12:14] {Threei} some will become plankton
[12:14] {dino} july '06 lows dji
[12:14] {dino} jan. 06 too
[12:15] {Threei} CEG
[12:15] {Threei} jeez
[12:16] {dino} -6.6% 3 days
[12:16] {peterg} tried my hand at ceg hr ago; became plankton
[12:16] {Threei} too volatile
[12:16] {peterg} i'll say
[12:16] {peterg} want to turn son's video game into purchase machine
[12:16] {peterg} super hi speed buttons
[12:16] {peterg} for laser
[12:17] {peterg} then ceg and victory--hundreds of nickel trades in the black
[12:18] {peterg} dimes and quarters too
[12:19] {Threei} MS
[12:19] {Threei} CNBC GASPARINO: REITERATES THAT HIS SOURCES SAY NO TALKS PRESENTLY BUT THE FIRM MAY MOVE QUICKLY TO AVOID A SITUATION LIKE LEHMAN
[12:19] {Threei} {XLF}
[12:19] {Threei} this guy again
[12:20] {peterg} what is ms?
[12:20] {Threei} morgan stanley?
[12:20] {peterg} thks
[12:21] {magoo} AAPL leadsing the way up
[12:22] {Threei} CEG doesn't acknopwledge AAPL as a leader {G}
[12:22] {magoo} rimm did
[12:23] {dino} fdx sm l .95
[12:25] {dino} funny how cnbc never talk badly about ge, its only -50% this year
[12:26] {dino} they need jesse livermoore to says "i'm not shorting"
[12:26] {magoo} funny how cramer isn't acknowledging his july bottom call
[12:29] {magoo} GS smashed its 52 wk low of 116
[12:30] {magoo} down 61 points in 4 days
[12:30] {magoo} if u had 1k shares u'd be down like 6000 bux
[12:30] {Chaeron} add a zero?
[12:31] {Threei} I have a link to video somewhere where he says a year ago, nothing to fear in financials
[12:31] {magoo} he he..seeing if u guys are awake
[12:31] {magoo} who?cramer?
[12:31] {Threei} yup
[12:31] {Chaeron} send it to Neil Cavuto
[12:31] {magoo} WOW
[12:32] {magoo} dino and i discuss him alot...don't feel hes that great of trader
[12:33] {hawkfan4} here's cramer saying don't take your money out of bear stearns at 63 bucks in March: http://www.youtube.com/watch?v=o3FVBKic5Ek
[12:33] {Threei} and here is that one:
[12:33] {Threei} http://www.youtube.com/watch?v=BVl9SQ-KVmE
[12:34] {magoo} REv Shark has been brilliant
[12:34] {magoo} and hes always butting heads with cramer
[12:35] {magoo} sometimes i think cramers gonna kick him off site
[12:35] {Threei} US SENATOR DODD: CONGRESS HAS NO TIME TO CREATE A POOL FOR BAD ASSETS
[12:36] {dino} v sm l .10
[12:37] {dino} "no time" lol, campaigning takes too much of it
[12:37] {Threei} yeah
[12:37] {magoo} vad, which is it on utube?
[12:37] {Threei} I'd save the world but I am so busy right now
[12:37] {magoo} [12:37] {magoo} vad, which is it on utube?
[12:38] {Threei} [12:31] {Threei} I have a link to video somewhere where he says a year ago, nothing to fear in financials
[12:38] {dino} an attorney buddy of mine says; "when lawyers can't make it as lawyers, they go into politics"
[12:38] {magoo} so he announced his campaign yet dino?
[12:38] {Chaeron} he's govenor by now I bet
[12:39] {dino} lol
[12:39] {dino} bankruptcy trustee/lawyer, cleaning up
[12:41] {magoo} vad, why is russian mkt crashing?
[12:42] {Threei} it'sa not
[12:42] {Threei} it's halted
[12:42] {Threei} this way it can't crash
[12:42] {Chaeron} I think that airliners should get "halted" in an emergency :)
[12:43] {patience} vad, i think you should get out your dow 10,000 party hat from the closet, we'll be needing it by the end of next monday....my theory anyway :)
[12:43] {Threei} next Monday?
[12:43] {Threei} the way it goes, maybe much faster :)
[12:43] {patience} options expiry friday, weekend to panic, sell sell sell monday
[12:43] {dino} i feel a big rally
[12:44] {magoo} laserdave told me weeks ago"if dow loses 11k magoo, watch out...crash"
[12:44] {dino} patience 400 pt range today
[12:44] {patience} getting bigger dino
[12:44] {Threei} watching CALM
[12:44] {Threei} retreated nicely
[12:44] {magoo} staying CALM here l;ol
[12:45] {Threei} feels like a good candidate for bounce back with market ramping up
[12:45] {dino} yes, i'm noticing
[12:45] {dino} ot: meatloaf is way underrated
[12:45] {Threei} lol
[12:46] {Threei} took some CALM
[12:46] {Threei} scary as hell
[12:47] {_petike} CALM for short?
[12:47] {Threei} no
[12:47] {_petike} OR long?
[12:47] {Threei} long
[12:47] {_petike} thx
[12:47] {Threei} very risky stock
[12:47] {Threei} be careful with it, thin
[12:47] {_petike} Im just watching
[12:47] {_petike} good luck
[12:52] {magoo} where u in?
[12:52] {Threei} .55
[12:53] {Threei} stop under .30
[12:53] {magoo} he he..getting feeling of dejavue here
[12:53] {Threei} put that bottle down
[12:53] {magoo} no way hose'
[12:58] {_petike} CALM seems like going up
[12:58] {_petike} nice trade
[12:59] {Threei} not yet...
[12:59] {Threei} this is potentially big mover, no point to scalp it for a few cents
[12:59] {dino} v stopped -.65
[12:59] {_petike} ok
[13:04] {Threei} IMF REPORTEDLY INCREASES US 2008 GDP FORECAST TO 1.7% V 1.3% IN JULY - UNCONFIRMED REPORT
[13:05] {Threei} I want what they smoke
[13:05] {Threei} GE
[13:05] {Threei} SPOKESPERSON: AAA RATING SECURE, HAS NO MATERIAL EXPOSURE TO LEH, AIG EXPOSURE RESOLVED DUE TO US GOVT RESCUE
[13:08] {dino} v rinsed
[13:09] {Threei} hmmm... spam e-mails with offers to refinance, get cheap mortgage etc are still coming
[13:09] {Threei} they just forgot to turn them off or what
[13:10] {magoo} where the hells davielaser
[13:11] {Chaeron} out drinking....
[13:11] {Threei} SRE
[13:11] {Threei} smaaal shares short 50 break
[13:11] {Chaeron} too late
[13:11] {dino} suppose he's busy today
[13:12] {Threei} second chance
[13:12] {Threei} stop above .20
[13:13] {Threei} over 1;1
[13:13] {Threei} 49 should be relatively easy
[13:14] {Threei} half out .50
[13:14] {Threei} +.48
[13:14] {Threei} bidding 49.05 for the balance
06[13:14] * Threei slaps Chaeron around a bit with a large trout
06[13:14] * Threei slaps magoo around a bit with a large trout
06[13:14] * magoo slaps Chaeron around a bit with a large trout
06[13:14] * magoo slaps Threei around a bit with a large trout
[13:14] {Chaeron} I deserved that
[13:15] {magoo} pointer vad
[13:15] {Threei} almost
[13:16] {magoo} mkts losing it again here
[13:16] {Threei} stop to .60
[13:16] {Threei} direct hit
[13:17] {Threei} out +.95
[13:17] {Chaeron} perfect
[13:17] {Threei} lol, even that was too soon
[13:23] {dino} nice
[13:26] {Threei} CALM no worky
06[13:29] * laserdave1 slaps Threei around a bit with a large trout
06[13:29] * laserdave1 slaps Threei around a bit with a large trout
06[13:29] * laserdave1 slaps Threei around a bit with a large trout
[13:30] {Threei} great
06[13:30] * Chaeron slaps laserdave1 around a bit with a large trout
[13:30] {laserdave1} marketssssssssssssssssssssssssssss
[13:30] {magoo} [13:10] {magoo} where the hells davielaser
06[13:30] * laserdave1 slaps Chaeron around a bit with a large trout
06[13:30] * Chaeron slaps laserdave1 around a bit with a large trout
[13:30] {laserdave1} laserdave1 kicks magoo in but with steel toed army boots
06[13:31] * magoo slaps laserdave1 around a bit with a large trout
06[13:31] * magoo slaps laserdave1 around a bit with a large trout
06[13:31] * magoo slaps laserdave1 around a bit with a large trout
[13:32] {Threei} short half lot MS
[13:32] {Threei} stop above .40
[13:32] {Threei} nah
[13:32] {laserdave1} specialist has bought so many shares GS at 100EVEN
[13:32] {laserdave1} it is sick
[13:32] {laserdave1} if they get him watch out for big candle down
[13:32] {magoo} triple witching in play
[13:33] {laserdave1} gold and silver really geting out of hand now
[13:33] {laserdave1} biggest move on gold i have ever seen
[13:35] {Threei} ugh... hesitated too long
[13:37] {Threei} shoot me now
[13:37] {dino} bang
[13:37] {Threei} ty
[13:37] {Threei} I deserved itr
[13:39] {dino} out fdx +.05
[13:39] {Threei} short MS on this bounce
[13:39] {Threei} wider stop, above .50
[13:41] {Threei} half out
[13:41] {Threei} .05
[13:41] {Threei} +.20
[13:41] {Threei} stop .35
[13:42] {dino} v sm risky, l cme 9.50
[13:43] {Threei} out in full
[13:43] {Threei} .85
[13:43] {Threei} +.40 I think
[13:43] {Threei} another bounce to short
[13:43] {Threei} keep it to half lot
[13:44] {Threei} in
[13:44] {Threei} stop .35
[13:44] {magoo} where?
[13:44] {Threei} .19
[13:45] {Threei} out
[13:45] {Threei} .95
[13:46] {Threei} have to play it one leg at a time, bounces are vicious
[13:46] {dino} v sm l .20
[13:54] {Chaeron} gld
[13:57] {peterg} what happens after winningest day?
[13:57] {peterg} losingest!
[13:57] {peterg} hahahahhahahahahhahahahah sniff
[13:58] {Threei} don't push it peter
[13:58] {peterg} not so bad really, but a useful lesson
[13:58] {peterg} right vad
[13:58] {Threei} this is market with little precedent
[13:58] {Threei} and overconfidence is not the best advisor
[13:58] {peterg} exactly
[13:58] {peterg} must learn balance
[13:59] {peterg} or weightlessness
[13:59] {Threei} elation after a few very good days tends to create that
[13:59] {peterg} right
[13:59] {Chaeron} anyone take gld?
[13:59] {peterg} i can trade anything!!
[13:59] {peterg} back in hr
[14:01] {dino} shake it off pete
[14:02] {dino} out v .75 +.55
[14:05] {magoo} l aapl .50
[14:05] {magoo} small
[14:06] {dino} wow cedc
[14:07] {magoo} aapl stopped
[14:08] {magoo} nasty
[14:09] {magoo} a second early
[14:10] {Threei} look at UBS
[14:11] {Threei} the final selloff is closer and closer... but heck, when it comes, you better get a lot of grovel
[14:11] {Threei} or how that sea-sickness drug is called
[14:11] {dptl} :) gravol......... finishing early.....have a good evening all :)
[14:11] {Chaeron} bye dp!
[14:12] {Threei} right
[14:12] {Threei} take care dp
[14:15] {dino} cya dp
[14:15] {magoo} AAPL cart crash
[14:15] {magoo} sh rimm .50
[14:18] {magoo} out no like
[14:20] {dino} xnpt
[14:23] {Threei} US SENATOR DODD: "OTHER SHOES MAY FALL" IN THE CRISIS, INCLUDING REGIONAL BANKS
[14:29] {dino} sm l ace .00
[14:30] {magoo} up with volume vad
[14:31] {dino} xnpt more blood
[14:33] {Threei} maybe a little relief rally mags...
[14:34] {Threei} there is just too much fear in the air for a serious bounce to develop, IMO
[14:35] {dino} [13:42] {dino} v sm risky, l cme 9.50
[14:41] {Threei} MS
[14:41] {Threei} CNBC'S GASPARINO: CEO MACK CLAIMS THAT SHORT SELLERS ARE DRIVING DOWN THE FIRM'S STOCK, MACK SAYS FIRM IS FUNDAMENTALLY STRONG
[14:42] {dino} i believe it waw the mortgage problem
[14:42] {Chaeron} those dang short sellers... same ones that were called "speculators" that drove oil up? :) I wanna be one of THEM :)
[14:43] {Chaeron} right dino
[14:43] {dino} ty
[14:43] {magoo} just wait..pelosi will get on band wagon and over regulate short selling
[14:43] {dino} out cme 329.50
[14:44] {dino} +10.00
[14:44] {Threei} eeck
[14:44] {Threei} dino
[14:44] {dino} :)
[14:44] {Threei} with all due respect:
06[14:44] * Threei slaps dino around a bit with a large trout
[14:44] {Onix} go DINO!
[14:44] {Chaeron} 10pt + trades deserve a trout
[14:45] {Threei} no kidding
[14:45] {dino} better lucky than good
[14:45] {Threei} from now on, special trout is reserved for 10 pt trades
[14:45] {Chaeron} I'm expecting Dodd to comment on that on the floor of the Senate soon
[14:45] {Chaeron} maybe comment on the mandatory trout as well... who knows at this point?
[14:45] {dino} DodoDodd
[14:46] {Chaeron} lol
[14:47] {Threei} I would expect them to ban +10 trades
[14:47] {Threei} in order to prtect us
[14:47] {Onix} yealousy makes you nasty
[14:48] {magoo} f'in cramer crusading against short sellers 24/7
[14:48] {dino} tough crowd
[14:48] {magoo} piusses me off..he made his fortune short
[14:48] {Threei} I thought it was inside information
[14:48] {Chaeron} he qualifies to be a polititian - either way...
[14:49] {magoo} he wants rules changed now AFTER he abused them to make fortune
[14:49] {Chaeron} of course... and be held as a hero for cleaning things up
[14:49] {Chaeron} pure polititian :)
[14:50] {Threei} GE CEO: PEOPLE SHOULD BE CONCERNED, NOT PANICKED, BY FINANCIAL CRISIS
[14:50] {Chaeron} there's a very fine line there......................
[14:50] {Threei} give people such salary and bounses as you get, dear CEO...
[14:50] {Threei} and yes, they may be just slightly concerned
[14:51] {dino} yeah, and in his book he admits he broke the margin req. law, but made millions doing it, meanwhile us little guys get automatically sold out
[14:52] {Chaeron} hypocracy pisses me off
[14:52] {magoo} i hate cramer
[14:52] {Threei} take a number
[14:52] {magoo} i wish io could get phone in and tell him off
[14:53] {Threei} wow, MS pullback
[14:58] {Threei} GS another fast drop
[14:58] {Threei} watching MS for following
[14:59] {Threei} didn't follow really
[15:02] {dino} markets confused'
[15:02] {Threei} badly
[15:04] {dino} me too
[15:04] {magoo} im confused
[15:04] {magoo} but having a great day
[15:04] {magoo} and best week
[15:05] {Threei} good thing you are confused then
06[15:05] * dino slaps magoo around a bit with a large trout
[15:05] {magoo} drunk too
[15:05] {Threei} good idea dino
06[15:05] * Threei slaps magoo around a bit with a large trout
[15:05] {patience} you found a supplier of cheap vodka magoo?
[15:06] {Chaeron} I did... free
[15:06] {magoo} called vads wife secretly...she was more than glad to ship his to me
[15:07] {dino} looking at cedc seems it must be free
[15:07] {Chaeron} (noone ever believes me...)
[15:08] {dino} oh, and you canadians, will appreciate this, i brewed up a batch of canadian ale last night
[15:08] {patience} too funny dino
[15:08] {patience} higher alcohol content?
[15:08] {dino} seriously, mr.beer kit
[15:08] {dino} 5%
[15:09] {patience} then you wouldn't mind taking those 20 dozen green plastic beer bottles i have in the garage
[15:09] {dino} lol, i used red stripe bottles, painted lables
[15:11] {Threei} where does GS/MS happiness come from
[15:11] {magoo} AAPL
[15:11] {dino} there is none
[15:18] {dino} out ace .40, +.40
[15:18] {Threei} for videogame fans
[15:18] {Threei} MS folows GS with few milliseconds delay
[15:19] {Threei} if you are very very fast
[15:19] {Threei} scalping opportunities abound
[15:19] {dino} magoo is an idiot, i had to throw my shoe at him
[15:20] {Threei} lol, wbhat did he do
[15:20] {dino} all seriously, he says.."is this a hard market?"
[15:21] {dino} cedc sm l .75
[15:22] {peterg} packing it in, see you tomorrow
[15:22] {magoo} i was staring at screen and shoe smashes in..skeered heck out of me..seriously
[15:22] {Threei} take care peter
[15:22] {magoo} jumped out of seat..roller seat smacks wall
[15:22] {Threei} lol
[15:22] {Threei} \you guys
[15:23] {dino} cya peter
[15:23] {dino} i said, ask any mutual fund holder how they are doing
[15:24] {Threei} and makes sure you ask from very far
[15:25] {Threei} NY POST REPORTS WAMU IS CLOSE TO HIRING GOLDMAN SACHS TO EXPLORE STRATEGIC ALTERNATIVES, INCLUDING SALE
[15:25] {Threei} -Reminder overnight the NY Post reported that Federal Regulators were actively shopping Wamu (see our research note){GS}
[15:25] {Threei} US HOUSE OF REPRESENTATIVES HAS REPORTEDLY SCHEDULED A MEETING ON THE OIL SPECULATION BILL TOMMOROW
[15:25] {Threei} {USO}
[15:25] {Threei} that'll show damn sepculators
[15:25] {dino} cedc stop to .95
[15:26] {dino} out .major slip, .75, +1.00
[15:26] {Chaeron} I think that dino is going to be retiring soon
[15:27] {Threei} on what, +1 trades?
[15:27] {Threei} he does just one +10 a day
[15:27] {Threei} not enough for retirement
[15:27] {Chaeron} yeah... what am I thinking... whadda putz
[15:28] {dino} i trade small size guys, going to take a couple more years
[15:32] {judijim} take care everyone, be back tomorrow
[15:32] {Threei} take care jj
[15:33] {dino} later jj
[15:34] {dino} trv sm l .20
[15:37] {dino} stop trv .85 -.35
06[15:37] * Chaeron slaps laserdave1 around a bit with a large trout
06[15:38] * Chaeron slaps laserdave1 around a bit with a large trout
06[15:38] * magoo slaps laserdave1 around a bit with a large trout
06[15:38] * Chaeron slaps laserdave1 around a bit with a large trout
[15:38] {Chaeron} Dcc dave
[15:38] {Chaeron} ?
[15:38] {Chaeron} thanks mags
[15:38] {Chaeron} WM not happy... going to break or bounce?
[15:40] {Threei} leave it alone...
[15:40] {Chaeron} not touching it... just looking for entertainment
[15:40] {Threei} watch GS/MSA for that :)
[15:41] {Chaeron} doing that too... have ADD
[15:41] {patience} its very oversold on daily, weekly, monthly charts, but vad is right, not touching it, looks like down
[15:41] {magoo} i need a brew
[15:43] {Threei} any minute it could be rescued by fed or govt
[15:44] {Threei} and we all know ehat happens to those who get rescued, right?
[15:46] {Chaeron} (crickets chirping)
[15:46] {Chaeron} all too afraid to answer
[15:46] {Threei} GS spike
[15:51] {magoo} just opened a beer
[15:52] {magoo} ty vad
[15:52] {Threei} ?
[15:53] {magoo} just telling u before u leave
[15:53] {magoo} thanx
[15:53] {Threei} ah
06[15:53] * magoo slaps patience around a bit with a large trout
06[15:53] * magoo slaps laserdave1 around a bit with a large trout
06[15:53] * magoo slaps jmb around a bit with a large trout
06[15:53] * magoo slaps dptl around a bit with a large trout
06[15:53] * magoo slaps dino around a bit with a large trout
06[15:53] * magoo slaps Chaeron around a bit with a large trout
06[15:53] * magoo slaps brian3579 around a bit with a large trout
06[15:53] * Chaeron slaps magoo around a bit with a large trout
06[15:53] * magoo slaps Raven around a bit with a large trout
06[15:53] * magoo slaps Threei around a bit with a large trout
[15:54] {magoo} u edit those ?
[15:54] {Threei} no
[15:54] {magoo} no kidding..public sees that?
[15:54] {Threei} yup
[15:54] {magoo} crap
[15:55] {Threei} OK guys, thank you, have a good evening
[15:55] {Threei} see you tomorrow
[15:55] {Chaeron} thanks Vad

Sep 16 2008

Session Time: Tue Sep 16 00:00:00 2008
[08:09] {Threei} IMF CHIEF STRAUSS KHAN: CREDIT CRISIS UNPRECEDENTED, GLOBAL ECONOMY WILL SLOW BETWEEN 0.5-2.0% OF GROWTH
[08:09] {Threei} - Notes the fact that a certain number of banks in the U.S. are restructuring shouldn't lead to panic
[08:09] {Threei} - Says some parts of the world are more or less affected, but the slowdown is general
[08:09] {Threei} - Adds some positive developments, including the oil price which has dropped below $100 a barrel and said the IMF would predict an economic upturn in 2009 in its next forecast in October.
[08:09] {Threei} so... he is predicting what they will predict
[08:09] {Threei} Nostradamus on steroids, I see
[08:12] {Threei} GS earnings before open
[08:13] {Threei} AIG
[08:13] {Threei} NEW YORK GOV PATTERSON: AIG HAS ONE DAY TO RESOLVE ITS PROBLEMS
[08:14] {Threei} and then?
[08:14] {Threei} at the rate it's dropping, even one day seems eternity
[08:15] {Threei} GS
[08:15] {Threei} REPORTS Q2 $ V $1.71E, R $6.04B V $6.23BE
[08:15] {Threei} Q2 $1.81 V $1.71E
[08:17] {Threei} short a little BAC
[08:17] {Threei} GS dropping has a chance to take it down too
[08:18] {Threei} oil 91
[08:25] {Threei} AIG
[08:25] {Threei} PRICE TARGET LOWERED TO $3 FROM $6 AT CREDIT SUISSE; MAINTAINS NEUTRAL RATING
[08:25] {Threei} brilliant
[08:25] {Threei} target is reached
[08:27] {magoo} jhfhfhehgdhhdgmdhg
[08:27] {Threei} lkdohutmsndjeoitrm
[08:27] {Threei} sever dump GS
[08:27] {Threei} die BAC
[08:28] {Threei} with two heavy weights on your ankles, what business do you have floating on the surface
[08:29] {magoo} where u in sh?
[08:29] {Threei} .40
[08:29] {magoo} any bounce mnay be nice GS short
[08:30] {Threei} AUG CONSUMER PRICE INDEX M/M: -0.1% V -0.1%E;
[08:30] {Threei} Y/Y: 5.4% V 5.5%E;
[08:31] {Threei} CPI EX FOOD -ENERGY M/M: 0.2% V 0.2%E; CPI NSA: 219.086 V 219.300E
[08:33] {Threei} not sure why BAC is somewhat immune to selloff so far
[08:33] {Threei} maybe it's seen as one who survives no matter what
[08:33] {Threei} or maybe shorting finnies became too obvious
[08:34] {Threei} and it's time to flush out overconfident shorts
[08:34] {Threei} and as if there was not enough excitement yet, we have FOMC rate decision today
[08:34] {Threei} which was no brainer till yesterday
[08:34] {Threei} but now there is a streetwide speculation of cut
[08:35] {magoo} and perception of cut more difficult this time
[08:35] {magoo} cut symbolizes everything very bad
[08:36] {magoo} no cut could be perceived as things are stabilizing
[08:36] {magoo} or as fed is clueless
[08:36] {Threei} I can't imagine another cut
[08:38] {Threei} JASO
[08:38] {Threei} PROVIDES STATEMENT ON LEHMAN BROTHERS RELATIONSHIP
[08:38] {Threei} uh oh
[08:39] {Threei} NEW YORK FED: TALKS ON AIG WILL CONTINUE TODAY
[08:40] {Threei} JASO same kind of deal with LEH as ESLR had, it seems
[08:40] {Threei} look where it got ESLR
[08:41] {Threei} PIMCO'S EL ARIAN: FED RATE CUT IS NEEDED IF TODAY'S LIQUIDITY OPERATIONS FAIL TO LIQUIFY MARKETS
[08:41] {Threei} panicking idiot
[08:42] {Threei} last thing we need is dcision on rates based on ONE DAY's operation
[08:42] {Threei} ok BAC
[08:43] {Threei} that's better
[08:46] {Onix} good morning
[08:46] {dino} gm all
[08:46] {Threei} RUSSIA MICEX EXCHANGE SUSPEND TRADING
[08:46] {Threei} was down like 15%
[08:46] {Threei} onix, dino :)
[08:49] {dino} onix?
[08:54] {Threei} GS crash in works
[08:55] {Threei} wow
[08:55] {peterg} morning!
[08:55] {Threei} big bid hit on BAC
[08:55] {Threei} peter :)
[08:57] {fernp} Good morning everybody
[08:57] {Threei} fern :)
[08:58] {Threei} BAC needs to lose .80 to launch next leg down
[08:59] {Threei} BARCLAYS CLOSING IN ON A DEAL TO BUY LEHMAN'S US ASSETS FOR ABOUT $2B - WSJ CITING SOURCES
[09:00] {Threei} going to cover half BAC if it breaks .90
[09:00] {Threei} GERN
[09:00] {Threei} ANNOUNCES ISSUANCE OF U.S. PATENT FOR CARDIOMYOCYTES FROM HUMAN EMBRYONIC STEM CELLS
[09:01] {Threei} good boy BAC
[09:01] {Threei} magoo, fess up
[09:01] {Threei} shorted it?
[09:02] {magoo} actually hit gs vad
[09:03] {Threei} price?
[09:04] {magoo} out already
[09:04] {Threei} okay
[09:04] {Threei} C on its merry way to 14
[09:04] {Threei} which is its Bear Sterns low
[09:05] {Threei} game plan for BAC is to cover some on the next drop,
[09:06] {Threei} and whatever happens, keep a little for big score
[09:07] {Threei} I mean... what's my risk? with stop above today's high and playing with house money, why not try and keep small shares for multipoint drop
[09:08] {Threei} GS
[09:08] {Threei} CFO :ACCESS TO LIQUIDITY REMAINS STRONG
[09:08] {Threei} ok... GS started this "everything's fine" line of announcements
[09:08] {Threei} eerily familiar
[09:09] {Threei} covered half BAC +1
[09:09] {peterg} aig drifting drifting down
[09:09] {magoo} nice one vad
[09:09] {Threei} if AIG fails, this has all makings of Armageddon
[09:10] {peterg} suggested dominos?
[09:10] {Threei} all of them
[09:10] {Threei} whoever is still standing
[09:11] {Threei} C, CIT, BAC, MS, GS, WM
[09:11] {Threei} whatelse is out there
[09:11] {peterg} thks
[09:12] {peterg} for summary
[09:12] {Threei} be back in 5
[09:13] {magoo} your buddy farley post in columnist conversation ;
[09:13] {magoo} obvious we're getting afternoon rate cut, maybe as high as .50%"
[09:17] {Threei} certainly expectations of it are ramped up
[09:18] {Threei} and oil drop gives Fed some room to do that
[09:18] {Threei} IMO, it would be stupid
[09:18] {Threei} but who would put stupidity beneath them
[09:18] {magoo} well, hes a smart guy..also states"my gut says it does matter and we'll finish the day much higher, as long as the rate cut is a decent size"
[09:19] {Threei} quite possible
[09:19] {esemde} good morning.....withh you for a few minutes then have to go...how was everyone yesterday
[09:19] {magoo} just for info here..no one knows
[09:19] {magoo} but keeping open mind
[09:19] {Threei} hi ese
[09:19] {Threei} yesterday was good
[09:19] {esemde} must have been afeild day for dino
[09:20] {Threei} every day is a field day for dino
[09:20] {esemde} true indeed!!!!
[09:22] {Threei} 25 lost on BAC
[09:22] {dino} no es, up nice early, gave it back later, lots of distractions at office, pretty much pissed me off
[09:23] {dino} accountants, attorneys, mother, etc.....
[09:23] {dino} in any case, a new day
[09:24] {dino} as for rate cuts 3i, i think you are missing one main point, w/a cut the banks instantly increase the spread on what they take in vs. what they pay out. it has to happen, imo
[09:24] {dino} salvation thru inflation again my friend. re-liquify it all
[09:25] {dino} deflatrion has always been the fear
[09:25] {Threei} IMO... it does nothing but lays foundation for more of the same down the road
[09:25] {Threei} I understand the reasoning dino
[09:25] {Threei} I just disagree with it
[09:25] {dino} but there is no other answer
[09:25] {peterg} yeah, but down the road is not now
[09:26] {peterg} later is better; lets party
[09:26] {peterg} now
[09:26] {dino} correct peter
[09:26] {Threei} mess we are in is caused by exactly this: today's solution with no regard for tomorrow's consequences
[09:26] {peterg} yes
[09:26] {peterg} party on
[09:26] {peterg} till world spins off its axis and rolls out to pluto
[09:27] {esemde} question is will a rate happen before market opens.....
[09:27] {Threei} 2:15 FOMC decision, ese
[09:27] {esemde} there was that speculation going on to restore confidence
[09:27] {judijim} good morning all
[09:27] {Threei} jj :)
[09:27] {esemde} the street gurus were saying it should come before the open
[09:28] {esemde} jj
[09:28] {Threei} pewter, add WB and ABK to the list
[09:28] {peterg} you mean silver dont you
[09:28] {Threei} lol
[09:29] {Threei} AIG under 2... mama mia
[09:30] {Threei} going to cover 1/4 more BAC on break over 25.40 if happens
[09:30] {Threei} otherwise on some dump
[09:31] {Threei} Short Setup: WB 9 breakdown
[09:33] {Threei} stop/invalidating level above .20
[09:33] {Threei} out 1/4 more BAC
[09:33] {Threei} +2
[09:33] {GeoArb} gm
[09:33] {Threei} Geo :)
[09:35] {dino} sm l ilmn .10
[09:36] {Threei} Short Setup: C 14.20 breakdown
[09:36] {patience} tsx down -303, seems like a normal day now
[09:37] {Threei} stop/inv level above .40 C
[09:38] {magoo} u doing half lots again today?
[09:38] {Threei} full on C, liquidity is big on it
[09:38] {dino} gj guys
[09:39] {Threei} LEH
[09:39] {Threei} BARCLAYS REPORTEDLY AGREES TO BUY ASSETS
[09:40] {Threei} tightening stop on C to .31
[09:40] {Threei} too tense here, gotta stays safe
[09:40] {dino} v l .83
[09:40] {Threei} out
[09:41] {peterg} fantasy is, Barclays rescues world
[09:42] {Threei} this spike is exactly what I want to avoid being caught in by tightening stop
[09:43] {esemde} ya ...it's not like couldn't have done that on the weekend
[09:43] {esemde} they wanted to drive the price of the assets down then jump in
[09:43] {Threei} watching UAUA for bounce
[09:46] {Threei} jeez AIG
[09:46] {Threei} what a bounce
[09:46] {dino} cyber order change issues
[09:47] {dino} ilmn stop to .15
[09:49] {dino} to .15 again
[09:49] {dino} out ilmn 80.15, +2.05
[09:51] {Threei} FORMER CEO GREENBERG: IF AIG CANNOT GET A BRIDGE LOAN FROM EITHER THE FEDERAL GOVERNMENT OR PRIVATE SOURCES, THE FIRM MAY GO BANKRUPT
[09:51] {dino} way to reassure the markets
[09:52] {Threei} he is trying to scare them into giving loan
[09:52] {dino} ahhh, good point
[09:52] {Threei} AIG bankruptsy is, ummm
[09:52] {GeoArb} my esignal refuses to get data for me
[09:52] {GeoArb} good thing its expiring on 25th
[09:52] {Threei} as close to end of the world as it gets
[09:52] {esemde} man...feel sory for you dino....ya got to work with a bunch of idiots down there.....
[09:52] {esemde} nice reassurance for sure sheesh11!!
[09:53] {magoo} u calling magoo an idiot?he works with me everyday :)
[09:53] {Threei} GM
[09:53] {Threei} CEO: 25B IN LOAN GURANTEES IS A FAIR AMOUNT
[09:53] {Threei} I can't watch it...
[09:53] {GeoArb} what i call people depends how far i am from them
[09:53] {Threei} greatest companies are reduced to beggars
[09:53] {esemde} opps!!!!! directed statement not generalized
[09:53] {GeoArb} i am ok with it
[09:54] {dino} lol es
[09:54] {GeoArb} well finally get some decent minds back in medicine and engineering
[09:54] {dino} old quote magoo knows..."surrounded by idiots"
[09:54] {GeoArb} all of them have been chasing finance and making up instruments
[09:55] {dino} ouch cedc
[09:56] {esemde} talk about fire sales...NVDA
[09:56] {Threei} hmmm
[09:56] {esemde} 5 year low
[09:56] {Threei} you would think in times like this vodka ought to be a popular product
[09:56] {GeoArb} heh
[09:56] {esemde} defineately
[09:56] {GeoArb} baileys in my morning coffee today
[09:57] {dino} you are living
[09:58] {GeoArb} I HATE ESIGNAL
[09:58] {GeoArb} when the pipes clog... esignal sure lets you know
[09:58] {Threei} staying on a careful side still
[09:58] {Threei} yesterday was good... but we have this FOMC today on top of everything
[09:59] {dino} ntrs
[09:59] {Threei} which skews the expectations
[10:00] {Threei} let's go to half lot as we did yesterday
[10:00] {esemde} gotta go everyone....see ya tomorow
[10:00] {Threei} take care ese
[10:01] {esemde} see ya vad
[10:01] {dino} ntrs sm l .75
[10:02] {dino} wide wicked
[10:04] {dino} out ntrs .98, +1.23
[10:04] {Threei} typed MER long .50 break... thing was at .65 before I could hit enter
[10:06] {Threei} Long Setup: WB 11 break
[10:06] {Threei} .85 stop
[10:08] {Threei} stop to .89
[10:08] {Threei} half out .23
[10:08] {Threei} scalpers take profit
[10:09] {Threei} out in full +.65
[10:09] {peterg} ty +.16
[10:09] {peterg} got in late
[10:09] {peterg} got out early
[10:10] {Threei} welcome... but don't chase peter
[10:10] {peterg} rt
[10:10] {GeoArb} story of my life
[10:10] {Threei} either they pull back for you or let them go
[10:10] {Threei} wow, nailed top within 3 cents
[10:10] {Threei} rare case with me
[10:11] {Threei} sheesh, look at its drop
[10:11] {Threei} all the way back
[10:15] {Threei} looking at the prices in tech sector... boy, when recovery finally starts (providing world doesn't end)...
[10:15] {Threei} look at NVDA, DELL, KLAC, BRCM
[10:16] {Threei} MER half lot long
[10:16] {Threei} right here
[10:16] {Threei} got .33
[10:16] {Threei} stop under .10
[10:18] {Threei} hmmm... expected it to cut through .50 easier
[10:19] {Threei} either tighten stop to .25 or take small scalp
[10:19] {dino} fwiw watching fdx ntrs, still in v
[10:21] {Threei} whew... held by fingertips
[10:21] {Threei} out MER
[10:21] {Threei} .49, +.16
[10:21] {Threei} if it wants to break, it can do it without me
[10:22] {Threei} potentially scariest call I've ever made
[10:23] {Threei} Long Setup: AIG 2.96
[10:24] {Threei} offer half 3.15
[10:24] {Threei} direct hit
[10:24] {Threei} stop 2.89
[10:24] {dino} fdx sm l .50
[10:24] {Threei} offer second half .31
[10:25] {Threei} direct hit
[10:25] {Threei} going for a smoke
[10:28] {dino} v stop to .87
[10:29] {dino} fdx to .94
[10:31] {dino} out fdx .00 +.50
[10:31] {Threei} WM
[10:31] {Threei} UK'S DAILY MAIL REPORTS JP MORGAN CONSIDERING A NEW APPROACH, CITING UNIDENTIFIED SOURCES
[10:31] {Threei} - reports an $8/shr stock swap offerred by JPM earlier this year was rejected by WaMu{JPM}
[10:31] {dino} v to .30
[10:32] {dino} out v .30, +1.43
[10:32] {Threei} wtg
[10:32] {Threei} what, no takers on AIG?
[10:32] {dino} too busy, 4/4, all over $1 except fdx
[10:32] {dino} need coffee
[10:33] {Threei} ese was right... field day for ya :)
[10:33] {Threei} coffee? I need CEDC product
[10:33] {dino} now get conservative and avoid distractions
[10:34] {dino} yeah, cedc, what to do.....
[10:35] {dino} gs nice comeback
[10:35] {magoo} i took AIG vad, 0out .41
[10:37] {Threei} whew
[10:37] {magoo} yeah fl too
[10:40] {magoo} rimm sh small.412
[10:40] {magoo} fast
[10:41] {magoo} looking for under 96
[10:42] {magoo} ah...cover here
[10:42] {magoo} .15
[10:42] {magoo} scalpin
[10:42] {Threei} US TREASURY CONFIRMS CANCELLATION OF PAULSON SPEECH AS HE IS CURRENTLY SLATED TO FOCUS ON MARKET DEVELOPMENTS
[10:42] {Threei} {XLF AIG}
[10:43] {Threei} hope he doesn't use esignal
[10:43] {magoo} ROFLOL
[10:43] {GeoArb} that was low vad
[10:43] {Threei} don't put it beneath me {G}
[10:43] {GeoArb} well i am locked out of the market.... moving funds to laser
[10:44] {GeoArb} so i guess you can call the move capital preservation
[10:44] {Threei} my respect for those guys is at all time low
[10:44] {Threei} forms DBI, breaks support
[10:45] {Threei} CNBC'S FABER: SOURCES NOTE THAT AIG IS UNLIKELY TO RECEIVE RESCUE PACKAGE TODAY
[10:45] {dino} i see cnbc crucified hank greenberg two years ago, and now they make him a hero again
[10:46] {dino} i still say hank hired the spitzer hooker
[10:46] {Threei} this is priceless:
[10:46] {Threei} PG CFO: US MARKET IS ACCELERATING AT A MODERATE PACE
[10:46] {Threei} lol dino
[10:46] {GeoArb} accelarating
[10:46] {Threei} good job if he did
[10:46] {GeoArb} and moderate
[10:46] {Threei} yeah geo, it's this new speak
[10:46] {Threei} negative growth
[10:47] {dino} geo just doesn't like them in same sentence
[10:47] {GeoArb} so i came up with a new joke
[10:47] {Threei} AIG SPOKESPERSON: NY STATE HAS YET TO PROVIDE A $20B, THAT FIGURE IS CONTINGENT UPON GREATER RESCUE PACKAGE
[10:47] {GeoArb} fuld meets paulson in a bar with a cup in hand
[10:48] {GeoArb} paulson screams..........
[10:48] {GeoArb} NO LEHMAN....AID for you !!!! (seinfield)
[10:48] {Threei} aid nazi?
[10:48] {GeoArb} yup :)
[10:48] {Threei} :)
[10:48] {GeoArb} lemonade
[10:48] {dino} ahhh
[10:49] {Chaeron} good morning all
[10:49] {GeoArb} do the accent dino
[10:49] {Threei} ok... let's watch if headline about those 20B appears, then buy all AIG you can
[10:49] {magoo} chaer:)
[10:49] {Threei} chaeron :(
[10:49] {Chaeron} :P
[10:49] {Threei} mised couple beautiful plays
[10:49] {GeoArb} yeah vad had to take a puff break
[10:49] {GeoArb} he was excited
[10:50] {Chaeron} lol... well, let's find some more
[10:50] {Threei} excited delirium
[10:53] {Threei} wow
[10:53] {magoo} quote server vad?
[10:53] {Threei} 4
[10:53] {Threei} wth
[10:53] {Threei} AIG
[10:53] {Threei} no news yet
[10:53] {Threei} ahhh... CNBC
[10:53] {GeoArb} ok
[10:53] {Threei} sh*t... missed :(
[10:53] {Chaeron} damn
[10:54] {fernp} American Intl doesn't yet have $20 bln from NY pact, state spokesman says; AIG's $20 bln from New York contingent on broader rescue- Bloomberg (2.80 -1.97) -Update-
[10:54] {Chaeron} retrace
[10:54] {Threei} CNBC'S GASPARION: GOVT IS ACKNOWLEDGING 'DIRE' SITUATION, RESCUE PACKAGE MAY NOW BE ON THE TABLE
[10:54] {dino} 100 pt swing dji, aig must have leaked
[10:55] {magoo} QUOTE SERVER VAD
[10:55] {Threei} 4
[10:55] {magoo} trying all
[10:55] {Threei} works fine
[10:55] {dino} cedc sm l .35 risky
[10:55] {Chaeron} 9 too
[10:56] {Threei} can't believe it... that was what I was waiting for on AIG, and missed it
[10:56] {GeoArb} it ran before news
[10:57] {dino} cedc stop is .97 fwiw
[10:58] {Threei} AIG low 1.25... what does the seller feel right now
[10:58] {Threei} good thing we switched to longs on finnies
[10:58] {Threei} that could have really hurt
[10:59] {Threei} ok, now's time for AIG rumor denials I guess
[11:01] {Threei} GS is aiming for 135
[11:03] {dino} 145 you mean
[11:03] {Threei} I'll adjust on the go :)
[11:04] {Threei} FED DECLINES TO COMMENT ON CNBC REPORT THAT GOVERNMENT MONEY IS ON THE TABLE FOR AIG
[11:04] {dino} :)
[11:04] {dino} notice they don't say taxpayer money
[11:07] {dino} cedc stop to .94
[11:10] {dino} mkt drop
[11:10] {Threei} NY FED: REITERATES THAT MEETINGS IN RELATION TO AIG ARE STILL ONGOING
[11:10] {Threei} nice drop
[11:11] {dino} ceedc to .14
[11:11] {Threei} now announce that aid is granted... but do it beofre stock jumps this time
[11:11] {dino} out slip cedc ave .10, +.75
[11:11] {Threei} yeah right
[11:11] {Threei} sigh
[11:11] {Threei} gj dino
[11:12] {dino} ty
[11:12] {dino} micc watch
[11:15] {dino} ntrs drop
[11:15] {Threei} CNBC'S FABER: PRIVATE SECTOR DEAL FOR AIG IS DEFINITELY DEAD
[11:16] {dino} oh ohh
[11:18] {Threei} AIG setting up for new headline, lol
[11:19] {dino} private sector says no, gov't says yes(?)
[11:20] {Threei} something of this kind, yeah
[11:20] {dino} syut destroyed
[11:20] {dino} 48-17 in 2 days
[11:22] {Threei} wow AIG
[11:22] {Threei} swings on $2 stock
[11:22] {Threei} .81 long
[11:22] {Threei} .69 stop
[11:23] {fernp} AIG American Intl: Treasury official said that comments made by Hank Paulson stand from yesterday (inappropriate to use money in the LEH case and inappropriate to use money in the AIG case), but that this is based on a circumstance by circumstance basis - CNBC (2.86 -1.90) -Update-
[11:23] {Threei} invalidated for now
[11:24] {Threei} setup is almost complete
[11:24] {magoo} mkts losing groiund
[11:24] {Threei} .71 long, .59 stop now
[11:24] {magoo} good news would send aig thru 5 imo..not in of course
[11:25] {Threei} nope
[11:25] {Threei} gotta just wait for next headline, lol
[11:25] {GeoArb} so here is a q vad
[11:25] {magoo} no questions'
[11:26] {GeoArb} do we have to also play what everyone else is playing?
[11:26] {Threei} ?
[11:26] {GeoArb} or maybe there is easier money somewhere else?
[11:26] {Threei} you see anything else moving?
[11:26] {GeoArb} no just a thought
[11:26] {GeoArb} playing aig is like playing ES right now
[11:26] {GeoArb} everyone staring at eueballs
[11:26] {GeoArb} eye
[11:27] {dino} geo, i've been on my own all morning
[11:27] {GeoArb} dino youre the pacman...... i wouldnt expect any less lol
[11:28] {dino} watching ntrs for spike low
[11:28] {GeoArb} AIZ chart
[11:28] {GeoArb} broke
[11:29] {Threei} SYUT
[11:29] {Threei} NFANT FORMULA MAKER WITH OPERATIONS IN CHINA TRADING DOWN OVER 50% TODAY
[11:29] {Threei} - share hit after reports this week of dangerous batches of infant formula being produced in China. Its not clear at this time if SYUT or its subsidiaries are involved in that case.
[11:30] {dino} ty, found it too.
[11:31] {Threei} GM
[11:31] {Threei} VICE CHAIRMAN LUTZ: SEE FULL SCALE TARGET PRODUCTION FOR THE VOLT AT ABOUT 60K UNITS
[11:32] {Threei} that's it/
[11:32] {Chaeron} yeah... they're too busy making real cars for the Chinese consumers
[11:33] {dino} when tho?
[11:34] {Chaeron} dunno, but favorite car in China is buick
[11:34] {Chaeron} black ones
[11:35] {GeoArb} aiz nice breakdown
[11:36] {GeoArb} no news
[11:39] {Threei} ACPW
[11:39] {Threei} RECEIVES MULTIMILLION DOLLAR ORDER FROM LEADING GLOBAL INTERNET SEARCH ENGINE PROVIDER
[11:39] {Threei} hmm
[11:39] {Threei} Google?
[11:40] {Threei} WM
[11:40] {Threei} PRICE TARGET LOWERED TO $1 FROM $3 AT MERRILL; MAINTAINS UNDERPERFORM RATING
[11:40] {Threei} JPM REPORTEDLY NOT IN ACTIVE TALKS TO ACQUIRE WM - UNCONFIRMED REPORT
[11:40] {dino} aiz interesting
[11:40] {magoo} jesus...nice of mer
[11:40] {GeoArb} yeah
[11:40] {GeoArb} i am simming
[11:40] {GeoArb} sniff
[11:41] {GeoArb} dont even know why i woke up early
[11:42] {Chaeron} if you move to Russia, you can wake up late and trade... :)
[11:42] {GeoArb} heh
[11:42] {GeoArb} i am thinking bermudas
[11:43] {GeoArb} trade at 10:30
[11:43] {Chaeron} that would interfere with scuba time...
[11:43] {dino} no beach at 10:30
[11:43] {GeoArb} nah
[11:44] {GeoArb} i was born tanned
[11:44] {GeoArb} also dont want to inflict my physice on the pretty crowd :)
[11:44] {Chaeron} or spelling
[11:44] {GeoArb} lol
[11:44] {GeoArb} physik
[11:45] {Chaeron} you're going to wake up Raven if you keep it up
[11:45] {GeoArb} noooo
[11:45] {Threei} and that won't be pretty
[11:45] {GeoArb} got a good wupping last time
[11:45] {GeoArb} i hope you all killed on AIZ
[11:45] {GeoArb} sniff
[11:46] {GeoArb} keeps doing the DBI thing
[11:47] {dino} aiz sm l .45
[11:47] {GeoArb} you plaing the 5 min dino?
[11:48] {dino} ntrs sm l .49
[11:49] {dino} 3
[11:49] {GeoArb} ok
[11:49] {Raven} {}
[11:49] {GeoArb} sheesh
[11:51] {GeoArb} nice dino
[11:51] {_petike} Hy everybody
[11:51] {Threei} EPORTEDLY MUNICH RE IS INTERESTED IN SEVERAL OF AIGS ASSETS
[11:51] {Threei} hi petike
[11:52] {Chaeron} hi there petike
[11:52] {Threei} isn't it interesting how market moves from worry to worry
[11:52] {Threei} last week was all about LEH
[11:52] {Threei} this one is abput AIG
[11:53] {Threei} but really, how do you justify salvation of Bear and letting AIG fail?
[11:53] {GeoArb} ummm
[11:53] {GeoArb} blew out all the funds?
[11:53] {Threei} what funds...
[11:53] {GeoArb} our funds?
[11:54] {dino} aiz stop to .75 ty geo
[11:54] {Threei} funds are created by fed pen
[11:54] {GeoArb} really nice
[11:56] {dino} out aiz .85 +.40
[11:56] {dino} most likely too soon, but in scalp mode now
[11:56] {Threei} yeah, market is locked in a narrow ran ge now
[11:57] {Threei} waiting for AIG developments and for FOMC
[11:57] {dino} rock n roll
[11:58] {dino} darn aiz beauty
[12:00] {Threei} ALLIANZE CEO: NOT INTERESTED IN AIG REINSURANCE OR LEASING BUSINESSES
[12:02] {GeoArb} yeah
[12:02] {dino} they are all "giving it" to aig
[12:03] {Threei} FRIEDMAN BILLINGS SPECULATES ON LOANS TO AIG, NOTES SWF MAY PROVIDE LOAN (TIMING UNCERTAIN)
[12:03] {Threei} jeez
[12:04] {Threei} these idiots should be made to keep their trap shut by law
[12:04] {patience} with all these news stories, it just takes the fun out of trading
[12:04] {dino} out ntrs .89 +.40
[12:04] {GeoArb} cb dino
[12:05] {GeoArb} ok late
[12:05] {dino} they are winners in this aig mess
[12:06] {GeoArb} chubb lloyd
[12:06] {_petike} Hy im really new with stock AIG is whitc company exatly cause when i put AIG my broker shoe me companies and im don`t know whotch AIG what we talking about
[12:07] {Threei} American International Group, Inc
[12:07] {_petike} many thanks
[12:08] {Threei} FITCH PLACES RATINGS FOR AIG SOUTH AFRICA AND AIG LIFE SOUTH AFRICA ON WATCH NEGATIVE
[12:09] {Threei} ok... AIG failure will threaten South Africa and probably whole continent, too
[12:10] {dino} big boys will pick up the life business cheap, they always do (exectutive life, nj life, etc)
[12:13] {dino} imcl
[12:15] {_petike} imcl look like go down like rocket
[12:15] {dino} brb
[12:16] {Threei} no news IMCL
[12:16] {Threei} daily chart looks bottomless
[12:17] {Threei} is any bad news appear, there is just no support
[12:19] {dino} bristal may pull bid
[12:19] {Onix} What time is the FED going to speak?
[12:19] {Threei} 2;15 announcement
[12:19] {Onix} thanks!
[12:20] {Onix} 2;15 EST?
[12:20] {dino} ntrs not following this time
[12:20] {Threei} yes
[12:21] {magoo} always 2:15 est unless a surprise
[12:24] {dino} every 6 weeks
[12:24] {Threei} NATO grew a set
[12:24] {Threei} http://www.telegraph.co.uk/news/worldnews/europe/georgia/2970251/Georgia-Nato-chief-reinforces-claim-to-membership.html
[12:24] {dino} probably cedc's problem
[12:25] {dino} v sm, v wide ntrs l .11
06[12:27] * laserdave1 slaps Threei around a bit with a large trout
06[12:27] * Threei slaps laserdave1 around a bit with a large trout
[12:27] {Threei} this time he was faster...
[12:28] {Threei} {--- aging... getting slow
06[12:28] * magoo slaps laserdave1 around a bit with a large trout
[12:28] {Threei} CNBC'S FABER: POLICYHOLDERS AND NEW YORK GOV PATTERSON ARE PUTTING STRONG PRESSURE ON THE FED TO WORK OUT A PACKAGE FOR THE FIRM
06[12:33] * Chaeron slaps laserdave1 around a bit with a large trout
[12:36] {magoo} i think dino just sdaid hes up 20 grande today lol
[12:37] {Threei} so that's why market ceased moving
[12:37] {Threei} there is no more monay in it, dino got it all
[12:37] {dino} take a zero off
[12:37] {GeoArb} 2000 is impressive in my book
[12:37] {dino} me too geo, doesn't happen often, i'm more steady as it goes
[12:38] {GeoArb} nice
[12:38] {Threei} this headline gets the prize of the day:
[12:38] {Threei} DOW JONES HAS NO COMMENT ON THE AIG SITUATION OR ITS POTENTIAL EFFECT ON THE MAKEUP OF THE DOW JONES INDUSTRIAL AVERAGE
[12:38] {Threei} high five
[12:38] {GeoArb} not this?
[12:38] {GeoArb} (FR) FRENCH GOV SPOKESMAN: THE FRENCH BANKING SYSTEM IS DOING FINE, IN GOOD HEALTH
[12:39] {Threei} finally someone who has no comment on AIG
[12:40] {cosmo} ESLR might be healing
[12:40] {cosmo} somewhat....
[12:40] {Threei} PREVIEW: SEPT NAHB HOUSING MARKET INDEX DUE OUT AT 1PMET
[12:40] {Threei} **consensus expectation: 17e v 16 prior (readings of 16 in July and Aug matched the record low in the index)
[12:40] {Threei} dog with fleas, cosmo...
[12:42] {cosmo} bleeding fleas bites in the streets
[12:42] {Threei} was that poetry?
[12:43] {patience} vad, out of scale of 10, what do you feel is the fear factor in the markets right now? ty
[12:43] {Threei} 11
[12:43] {GeoArb} nice vix
[12:43] {Threei} any blip, this market is willing to drop another 500 points in a hurry
[12:44] {Threei} like, "no aid for AIG, swim on your own" - and watch market cratering
[12:48] {magoo} if so..gS good candidate to tank
[12:48] {Threei} all of them
[12:49] {Threei} dominoes from AIG fall will be bigger than from LEH's
[12:49] {Threei} SENATOR MENENDEZ: WOULD BACK A BRIDGE LOAN TO AIG
[12:49] {Chaeron} "Bridge to Nowhere"
[12:49] {GeoArb} are yo for it or against it?
[12:50] {Threei} and this particular senator is significant why?
[12:50] {GeoArb} probably on some subcommitte
[12:50] {Chaeron} good question, both of them... but what committes is he on?
[12:50] {Threei} well, he was good for 5 cents
[12:50] {Threei} lol
[12:51] {dino} signifcant because he's running for re-election, lol
[12:54] {Threei} AIG
[12:54] {Threei} FOUNDER GREENBERG REPORTEDLY MAY COOPERATE WITH OTHER SHAREHOLDERS TO CONSIDER TAKING THE FIRM PRIVATE
[12:55] {patience} good move
[12:56] {dino} lol, throw hank out, then ask him back at $1/share. he was selling like crazy in the 50s
[12:56] {Threei} well... round of applauses for hank
[12:56] {dino} indeed
[12:57] {dino} must be driving spitzer crazy
[12:58] {Threei} now, here is what every market participant really needs to know in order to define his strategy:
[12:58] {Threei} NY FED'S GEITHNER REMAINS IN NEW YORK IN ORDER TO MONITOR MARKETS, NOT IN WASHINGTON FOR FOMC MEETING
[12:59] {Threei} I mean... how do you buy or sell not knowing geographic location of geithner
[13:00] {Threei} *SEPT NAHB HOUSING MARKET INDEX: 18 V 17E
[13:09] {dino} v not participating
[13:11] {dino} v sm l v .55 wide
[13:13] {Threei} look at AIG volume over last two days
[13:13] {Threei} who would have thought been counter stocks would be the most exciting in the market, lol
[13:20] {Threei} about 1 hour left
[13:29] {peterg} meanwhile, back at the ranch....
[13:30] {peterg} the arachnids began their dance....
[13:31] {Threei} US TREASURY'S MCCORMICK: US ECONOMY WILL CONTINUE TO GROW, HOUSING CORRECTION IS A NECESSITY, WILL TAKE TIME FOR STABILIZATION
[13:31] {Threei} - Notes that the Treasury had no choice with regards to GSEs
[13:33] {Threei} PREVIEW: FOMC RATE DECISION DUE OUT AT AROUND 2:15PMET
[13:33] {Threei} **consensus expectation of analysts when last surveyed was for no change, at 2.00%, but given the recent fallout in the credit market all bets are off today. Many analysts commenting this week have called for a 50 basis point cut from the Fed to shore up confidence in the financial markets. Others believe the Fed has to save its ammunition in case the very fluid market situation deteriorates even further in the coming days and weeks.
[13:33] {Threei} **The October fed fund future is currently pricing in roughly a 84% chance the Fed cuts rates 25 basis points this afternoon. With stock futures down sharply before the US open, that contract had seen the odds of a 50 basis point cut approach 30% this morning. Fed fund futures and Treasury prices moved away from their highest levels after the Fed announced it had accepted $50B in overnight repos and the equity markets experienced some stabilization on hopes of a government sponsored solution for AIG.
[13:34] {Threei} be patient guys
[13:34] {Threei} it's not easy, but heck
[13:34] {Threei} we had great moprning
[13:34] {Threei} with FOMC close,
[13:34] {Threei} and quite hectic trading affter announcement
[13:35] {Threei} no need to subject yourself to huge moves with no rhyme or reason
[13:39] {dino} v stopped -.50 v sm
[13:43] {fernp} out AMR +.10 (little scalp)
[13:43] {dino} fdx drop
[13:47] {Threei} WEAKNESS IN CEG AND SRE WEAKNESS ATTRIBUTED TO CONCERNS ABOUT THEIR COMMODITY TRADING BUSINESSES
[13:47] {Threei} {SRE}
[13:47] {Threei} CEG... is it "weakness"?
[13:47] {Threei} more like destruction
[13:48] {GeoArb} rumor ceg has bad ties with leh
[13:49] {Threei} at this point... is there such thing as good ties with LEH?
[13:49] {GeoArb} correction
[13:49] {GeoArb} is being punished for good ties with leh
[13:49] {Threei} lol
[13:50] {dino} ouch ceg
[13:50] {Threei} mama mia
[13:50] {Threei} last time we've seen such dump was BSC
[13:52] {Threei} CEG
[13:52] {Threei} HEARING JP MORGAN MAKING CAUTIOUS COMMENTS
[13:52] {Threei} cautious?
[13:52] {Threei} rofl
[13:52] {Threei} a bit late for caution
[13:54] {dino} yeah, tomorrow they will lower to hold from buy
[13:54] {Threei} and will trail their traget, just like trailing stop
[13:54] {Threei} OK... halt, or buy around 10? :)
[13:55] {dino} dk
[13:55] {Threei} oh boy
[13:56] {dino} maybe easier to short sre
[13:56] {Threei} just made 500 on SRE in 3 seconds
[13:56] {Threei} short
[13:56] {Threei} hmmm
[13:56] {dino} lol see just above
[13:56] {Threei} headline says CEG halted
[13:56] {Threei} still trading on my screen
[13:56] {dino} trading on my screen
[13:57] {Threei} CEG
[13:57] {Threei} HALTED AT NYSE ON ORDER IMBALANCE
[13:57] {Threei} shrug
[13:57] {peterg} so...should I stop trading ceg
[13:57] {GeoArb} load up !!!!!
[13:57] {GeoArb} long
[13:57] {GeoArb} (kidding)
[13:58] {Threei} correction
[13:58] {Threei} 11 second SRE trade
[14:00] {Threei} SRE
[14:00] {Threei} SPOKESPERSON POINTED TO WEAKNESS IN CEG STOCK AS PARTIAL REASON FOR SELLOFF, NOTED SOME KIND OF PRESS RELEASE IS LIKELY IN THE NEAR FUTURE
[14:00] {Threei} some kind?
[14:00] {Threei} lol
[14:02] {Threei} aside of sadness about huge wealth destruction,
[14:02] {Threei} I view these days as the greatest show I've ever seen in the market. Priftable trades is icing on a cake
[14:02] {GeoArb} how is this dectruction?
[14:02] {GeoArb} why not call it equity transfer
[14:03] {Threei} well... from whom to whom
[14:03] {GeoArb} ummmmmm "the foreign hand"
[14:03] {dino} risky v sm sre l .80
[14:03] {Threei} all these huge selloffs impact pension funds
[14:04] {Threei} and people are involved in those involuntarily
[14:04] {Threei} they never mnade a decision to invest in these companies
[14:04] {GeoArb} true
[14:04] {Threei} yet they are being dirctly infl;uenced
[14:04] {GeoArb} i wouldnt know as i dont know what pensions are
[14:04] {Threei} neither do I
[14:04] {GeoArb} do they still ecist in US in private companies?
[14:04] {Threei} but mechanics are there nonetheless
[14:05] {GeoArb} the only one i know is lockheed martin
[14:05] {Threei} ask GM
[14:05] {GeoArb} i just have an all cash 401K
[14:05] {Threei} lol, "halted" CEG has bounced about 10 points
[14:05] {Threei} they can't even halt stock properly
[14:06] {GeoArb} yeah wierd
[14:06] {Threei} let alone handle its trading
[14:07] {Threei} less than 10 min till FOMC
06[14:07] * Threei slaps laserdave1 around a bit with a large trout
[14:07] {Threei} low was 13... I missed bottom by just 3 points
[14:08] {Threei} pretty lose in terms of CEG trading {GGG}
[14:08] {dino} out hit stop 48.80, +2.00
[14:08] {GeoArb} nyse qoute halted do to order imbalance, but stock was never halted
[14:08] {dino} sre
[14:08] {GeoArb} i enquired
[14:08] {dino} thsat was
[14:08] {GeoArb} CEG
[14:08] {Threei} wtg dino
[14:09] {Threei} so, NYSE halts its traaidng, while ECXNs trade it
[14:09] {dino} ty lucky
[14:09] {dino} i was waiting ceg 13.27
[14:09] {Threei} on top of everything else we have market fragmentation
[14:09] {dino} no fill
[14:10] {Threei} whereevr I glance, I see sea of incompetence...
[14:10] {GeoArb} GS tight range
[14:10] {GeoArb} waiting........
[14:10] {Threei} 5 minutes
[14:11] {Threei} wow... raraely do you see GS being that narrow
[14:11] {dino} usually 25 cents
[14:12] {laserdave1} ya that tight is nuts
[14:12] {laserdave1} especially with earnings
[14:12] {laserdave1} thats crazy
[14:12] {laserdave1} 2 and a half minutes
[14:12] {magoo} [13:35] {Threei} no need to subject yourself to huge moves with no rhyme or reason
[14:12] {magoo} [13:39] {dino} v stopped -.50 v sm
[14:12] {magoo} [13:43] {fernp} out
[14:13] {laserdave1} gs big move up there
[14:13] {magoo} god dammit..so i took a nap and missed those ceg, sre trades
[14:13] {laserdave1} ge big bounce
[14:14] {dino} v rinsed
[14:14] {magoo} no change
[14:14] {GeoArb} donw donw down
[14:14] {Threei} (US) FOMC LEAVES RATES ON HOLD AT 2.00%
[14:14] {laserdave1} no change in rates
[14:14] {laserdave1} were dead
[14:14] {dino} no change
[14:14] {laserdave1} market death
[14:14] {laserdave1} watch out longs
[14:14] {Threei} good for them
[14:15] {Threei} first time in a long while I say judos to fed
[14:15] {Threei} kudos too
[14:15] {GeoArb} and karate
[14:15] {GeoArb} damn was slow
[14:15] {laserdave1} be carefull
[14:15] {laserdave1} this is nuts
[14:15] {dino} careful for what you wish
[14:15] {laserdave1} i cant believe they cut 0
[14:15] {GeoArb} balls for a change?
[14:15] {GeoArb} or recklessness
[14:16] {Threei} I don't see it as recklessness
[14:16] {Threei} cut would be reckless, IMO
[14:16] {Threei} too low rates for too long was what got us into this mess
[14:16] {magoo} i think they are clueless
[14:16] {Threei} well, at leaststarted it
[14:16] {magoo} needed 50 basis cut
[14:16] {Threei} cut would re-killed USAD, re0fuelled oil
[14:17] {Threei} this drop will correct itself quickly IMO
[14:17] {laserdave1} watch out maybe the bail out AIG?
[14:17] {dino} dollar doesn't matter
[14:17] {dino} weaker dollar cheaper to pay off our debts
[14:17] {Threei} oh, it does in terms of oil price
[14:17] {dino} not a believer
[14:18] {dino} demand drives oil
[14:18] {GeoArb} i get paid peanuts so it doesnt matter anyway :)
[14:18] {Threei} hmmm
[14:18] {Threei} I don't see how demand could change in such proportions over last two months :)
[14:18] {dino} world is slowing down oil is dropping
[14:18] {Threei} from 150 to 90 on demand?
[14:18] {GeoArb} thats the election miracle
[14:18] {Threei} doesn't compute
[14:19] {dino} see above. every copuntry is slowing, slowing demand predicted
[14:19] {Threei} USD is workld's reserve currency, and oil is priced in USD
[14:19] {dino} its only a small part. but enough debate
[14:19] {Threei} ah great... say the last word and end debate {G}
[14:20] {dino} lol
[14:20] {Threei} anyway... back to business as usual which means:
[14:20] {dino} problem is deflation....commodities, houses, financials, etc
[14:20] {Threei} market is hinged on AIG developments again
[14:20] {dino} think japan in the 90s
[14:21] {GeoArb} down
[14:25] {magoo} ASIG NEWS
[14:25] {magoo} AIG
[14:25] {Threei} cnbc?
[14:25] {magoo} yes
[14:25] {Threei} what did they say?
[14:25] {magoo} right now
[14:25] {GeoArb} NEW YORK GOV PATTERSON: AN AIG FAILURE WOULD BE A NATIONAL CALAMITY
[14:26] {magoo} nah..allcrap
[14:27] {dino} same old
[14:27] {Threei} moving nonetheless
[14:27] {dino} ceg drops again
[14:30] {dino} waiting v sm aound 15
[14:32] {dino} too low
[14:34] {dino} fdx sm l .80
[14:38] {Threei} PIMCO'S EL ERIAN: FED AVOIDING CUT IN RATES DUE TO CONCERNS OVER INFLATION, DECISION DEMONSTRATES THAT IT IS FOCUSED ON LIQUIDITY MEASURES
[14:38] {Threei} *(US) FOMC LEAVES RATES ON HOLD AT 2.00%; VOTE UNANIMOUS, NOTES FINANCIAL MARKET STRAINS HAVE INCREASED SIGNIFICANTLY
[14:38] {Threei} - will act as needed to promote stability, inflation to moderate this year and next
[14:38] {Threei} - Discount rate unchanged at 2.25%
[14:38] {Threei} - Growth has slowed recently due to slowing household spending
[14:38] {Threei} - Upside risks to inflation are a concern, substantial easing of policy and liquidity measures should promote moderate growth
[14:38] {Threei} - Turmoil likely to weigh on growth for next few quarters
[14:38] {dino} out fdx .20 +.40
[14:38] {laserdave1} AIG fire
[14:38] {Threei} ED HAS RECONSIDERED STANCE ON AIG ASSISTANCE, IN LINE WITH GASPARINO REPORT - UNCONFIRMED REPORT
[14:38] {Threei} huh?
[14:39] {Threei} that's quite confusing
[14:39] {dino} ed?
[14:39] {Threei} Fed
[14:39] {Threei} see market spike?
[14:40] {Threei} it was all about AIG
[14:40] {dino} ok
[14:40] {dino} thx
[14:40] {laserdave1} almost 200 point jump on DOW
[14:40] {laserdave1} insanity
[14:41] {dino} yeah, here i lay out on fdx. hits and goes a buck, sheesh
[14:42] {peterg} meanwhile, back at the ant farm....
[14:43] {peterg} meanwhile
[14:43] {dino} i have never traded a day like today. odd
[14:43] {dino} i suppose we go -50 dji again
[14:43] {Threei} I don't think it has any precendents in my experience either dino
[14:44] {magoo} my quotes real "clunkie"
[14:44] {dino} i guess we'll call it "peculiar".
[14:44] {peterg} meanwhile
[14:44] {Threei} quotes look fine... need anything?
[14:44] {dino} lol pete
[14:44] {dino} magoo, you look chunky
[14:45] {peterg} hello
[14:45] {laserdave1} aig not commenting
[14:46] {peterg} guess not disconnected
06[14:46] * Threei slaps laserdave1 around a bit with a large trout
[14:46] {magoo} server vad?
06[14:46] * magoo slaps laserdave1 around a bit with a large trout
[14:46] {Threei} 4
[14:46] {magoo} thats the one
[14:46] {Threei} dave, do you ever look at your dcc?
[14:46] {dino} i don't know if a beer will cut it today magoo
[14:46] {Threei} switch back and forth?
[14:47] {magoo} vad, u dont think i doing that? theres only like 200 servers
[14:47] {Threei} you think I think?
[14:48] {peterg} "Trade what you see, not what you think"
[14:48] {Threei} lol
[14:48] {dino} well patience, theres out 300 pt dji range again
[14:48] {magoo} that does it
06[14:48] * magoo slaps peterg around a bit with a large trout
[14:48] {peterg} Of course you don't officially
[14:48] {peterg} ahh, thanks mags
[14:48] {dino} out=our
[14:48] {Threei} I got so conditioned to that peter... I stopped seeing any need in thinking whatsoever
[14:49] {Threei} not chosing between beer and vodka is real brain twister
[14:49] {Threei} not = now
06[14:50] * peterg slaps Raven around a bit with a large trout
06[14:50] * peterg slaps magoo around a bit with a large trout
[14:50] {peterg} wild aim, soryry
06[14:50] * Raven slaps peterg around a bit with a large trout
[14:51] {Raven} nice
[14:51] {dino} lol, but vad, i agree on the "see vs think" makes all the difference
[14:52] {Threei} I know... when I try to start thinking, you are first to put me back in line
[14:52] {Threei} oh, and head hurts
[14:52] {Threei} AIG new round of frenzy
[14:52] {Threei} new news?
[14:53] {peterg} I was testing the theory that one could slap all at once but only got Raven
[14:53] {Raven} lol
[14:53] {Threei} lol
[14:53] {Raven} Cramer plugged AIG
[14:53] {Threei} ummmm
[14:53] {Threei} kiss of death?
[14:54] {Raven} he said they should receive some funding ... did not really rec the stock
[14:54] {dino} so tomorrow all of today again w/ms reporting
[14:55] {Raven} uhhh ... come again?
[14:55] {dino} morgan stanley tomorrow
[14:56] {Threei} come on Raven
[14:56] {Threei} I know we rub off of you
[14:56] {Raven} special dino code
[14:56] {Threei} but this is simple... jjust some dino-speak
[14:56] {Threei} MS reporting... tomorrow will repeat today all over again
[14:56] {Raven} I'll have to take a course in it someday
[14:56] {Threei} sheesh AIG
[14:57] {dino} not worth it
[14:57] {Threei} RBC COMMENTS ON CRISIS, SPECULATES THAT AN AIG FAILURE COULD RESULT IN LOSSES OF $180B FOR FINANCIAL FIRMS (TIMING UNCERTAIN)
[14:57] {Threei} FED DECLINES COMMENT ON RECENT REPORTS OF A POSSIBLE LOAN PACKAGE FOR AIG
[14:58] {Threei} awww
[14:58] {Threei} why did I not short on this last headline
[14:59] {peterg} little aig +.41
[14:59] {dino} gj
[14:59] {Threei} wtg peter
[14:59] {peterg} tks
[15:05] {magoo} are we in anything?
[15:05] {Threei} yes
[15:05] {Threei} I am in fight with laserdave
[15:05] {Threei} trout vs salmon
[15:07] {dino} i'm in confused state
[15:07] {Threei} and Raven is in deep amazement how he managed to get himself involved with such a bunch as us
[15:08] {dino} the efficiency of the markets is amazing
[15:10] {magoo} very efficient today
[15:10] {Threei} I also tried to engage peter in argument who would win a fight, Batman or Spiderman... but he considered the matter (and me) unintellectual
[15:11] {peterg} aquaman!
[15:11] {peterg} rules
[15:12] {peterg} it is true I am engaged in deep thought preparing a class for friday
[15:12] {Threei} (US) SENATOR DODD: BELIEVES IT IS A GOOD IDEA TO CONSIDER ANOTHER STIMULUS PACKAGE
[15:12] {Threei} yeah?
[15:12] {Threei} not enough money is given away still?
[15:12] {peterg} how about a good comedy series?
[15:12] {peterg} for stimulus
[15:12] {Threei} LEHHALTED: NEWS PENDING
[15:12] {dino} good idea for his campaign
[15:12] {Threei} lol
[15:12] {Threei} what was there to halt
[15:13] {cosmo} the amero package maybe?
[15:13] {Threei} AIG
[15:13] {Threei} NY AG REPORTEDLY SUPPORTS THE FED'S INVOLVEMENT IN PRIVATE SECTOR COLLABORATION FOR THE COMPANY
[15:14] {Threei} meaninglessness (if that's a word) of some of these headlines exceeds thinkable
[15:14] {Threei} and unthinkable
[15:14] {dino} cedc sm l .45
[15:14] {dino} risky stop lod
[15:16] {dino} v strange
[15:18] {cosmo} mkt healing
[15:18] {Threei} this rally feels much healthier than all previous bounce attempts
[15:18] {cosmo} eslr too
[15:19] {Threei} and I am gklad it occurs in absence of rate cut
[15:19] {Threei} glad too
[15:19] {Threei} shows that it happens on market's own initiative so to speak
[15:19] {dino} out cedc .90, +.45
[15:19] {Threei} not just a short-lived stimulus
[15:19] {cosmo} fed guessed right...
[15:20] {Threei} I am sure they never considered cut,
[15:20] {Threei} it's talking heads yesterday
[15:20] {peterg} out cedc +..46 tks dino
[15:20] {Threei} who all of sudden created this speculation
[15:20] {Threei} and convinced themselves and all around that it's in cards
[15:20] {dino} np peter gj
[15:20] {Threei} good job on CEDC folsk
[15:21] {Threei} peter is having field day, again
[15:21] {peterg} best ever; gg to sit on hands now thks
[15:21] {Threei} must feel good, to turn the corner
[15:21] {magoo} THAT DOES IT
06[15:21] * magoo slaps peterg around a bit with a large trout
[15:21] {peterg} uhoh youll ginks it
[15:21] {peterg} magoo you da man
[15:22] {dino} wtg peter
06[15:22] * peterg slaps magoo around a bit with a large trout
[15:22] {magoo} thats not allowed there mister
[15:22] {Threei} lol
[15:23] {Threei} magoo is knoqwn as He Who Slaps But Can't be Slapped
[15:23] {peterg} as befits a personage of his exaltation
[15:25] {dino} howard simons at realmoney wants to meet the daytrader that made money today......uhhhhh
[15:25] {Threei} huh?
[15:26] {magoo} i'm too busy to meet with him lol
[15:26] {Threei} invite him to read our today's log when it's posted after hours
[15:26] {dino} 2:57 eastern time
[15:26] {dino} bet this whole room did
[15:26] {Threei} boy... does any of those people actually trade?
[15:26] {peterg} I always meets the public.....for a fee!
[15:27] {Threei} US TREASURY SPOKESPERSON REMARKS THAT PAULSON IS UPDATING LAWMAKERS ON MARKET DEVELOPMENTS, HAS NOT INDICATED ANY ACTION - TV INTERVIEW
[15:27] {Threei} if he is willing to take a bet,
[15:27] {Threei} my terms are:
[15:28] {Threei} he garantees paying me 10x what I made today,
[15:28] {Threei} I send him blotter
[15:28] {Threei} verified by broker
[15:28] {Threei} or third party
[15:28] {Threei} or whatever
[15:28] {Threei} they confirm my profit for the day, he sends me 10 times as much
[15:28] {magoo} god dammit..filled only 2 shares aapl short @ 141.06
[15:28] {Threei} and posts it on real money
[15:29] {magoo} buck forty
[15:29] {Threei} lol
[15:29] {Threei} I get great advetrtisement, increase my profti for the day tenfold, guy gets to admit he is wrong
[15:29] {Threei} win win all around
[15:30] {dino} lol
[15:30] {dino} i lost alot of respect for him
[15:30] {Threei} I've no idea who he is, maybe he is a good trader, just not his kind of market
[15:30] {Threei} but hell,
[15:30] {dino} buy and hold
[15:31] {Threei} doesn't being a good trader also means understanding that others migfht make money where you don't?
[15:31] {Threei} ahhh... well, buy and hold is not trading at all
[15:31] {Threei} why pretend he knows anything about daytrading then
[15:32] {dino} i'm sure the rev shark will smack him
[15:32] {peterg} +.09 aig
[15:32] {peterg} cant stop
[15:32] {peterg} macdonalds ad; im lovin it
[15:32] {dino} peter, step away from the keyboard, :)
[15:32] {peterg} thks dino
[15:32] {Threei} peter, is wife nearby?
[15:33] {peterg} no at her job
[15:33] {Threei} too bad
[15:33] {Threei} if you can't sit on your hands, she would have to do it
[15:33] {Threei} don't do it... exercise self-control
[15:34] {peterg} ok ok tks
[15:34] {Threei} that's what will get you through learning curve first,
[15:34] {Chaeron} just type bad lokes here instead like I do
[15:34] {Threei} through any drawdown later
[15:34] {peterg} aig lks gd
[15:34] {Chaeron} jokes that is
[15:43] {Threei} what, no more AIG news before close?
[15:44] {dino} yeah, the xmas party is cax'd
[15:46] {Threei} SEN DODD REPORTEDLY SKEPTICAL OVER POSSIBLE INTERVENTION IN AIG
[15:50] {Threei} mesmerizing AIG
[15:51] {peterg} dont tempt me
[15:51] {Threei} nah... just like watching blinking lights
[15:51] {peterg} true
[15:52] {peterg} gets stuck; lays bid 4/03 ask 3.82
[15:52] {peterg} says
[15:52] {peterg} now better
[15:52] {peterg} 4
[15:53] {Threei} PRESIDENT BUSH WILL NOT MAKE ANY REMARKS AFTER MEETING WITH PAULSON AND THE FINANCIAL MARKETS WORKING GROUP TODAY
[15:54] {peterg} ah thank theyre doin a heckuva job, just a heckuva job
[15:54] {Threei} hehe
[15:55] {dino} he'd just mess it up anyway
[15:55] {Threei} - White House notes its best to "limit public comments" on markets.
[15:56] {cosmo} the public's?
[15:56] {Threei} come on... what'as the fun in it
[15:56] {Threei} endless barrage of aid-no iad is much more entertaining
[15:58] {Threei} what now?
[15:58] {dino} relax time
[15:58] {peterg} more fun tomorrow
[15:58] {Threei} NY GOV PATTERSON: FED IS TRYING TO GET PRIVATE INVESTMENT INTO AIG
[15:59] {peterg} ok; everybody here ten bux
[15:59] {Threei} {PRIVATE INVESTMENT{ get away from me
[15:59] {Threei} okay guys, thank you all
[15:59] {Threei} great day
[15:59] {Threei} have a good evening, see you all tomorrow
[15:59] {peterg} thanks all lots of fun
[15:59] {Threei} wait
[15:59] {Threei} MS
[15:59] {Threei} TO PRE-ANNOUNCE TONIGHT AT THE CLOSE - CNBC
[16:00] {dino} pre-announce, what and then announce real tomorrow?
[16:00] {Threei} NY GOV PATTERSON: FED IS TRYING TO GET PRIVATE INVESTMENT INTO AIG, OPTIMISTIC ABOUT PROSPECTS FOR A DEAL, NOTES FED "WILL NOT CARRY THE BALL" IN ANY AIG RESCUE
[16:03] {fernp} good evening everybody. see u tomorrow
[16:03] {Threei} take care fern
[16:03] {dino} later fernp
[16:09] {Threei} OK, don't want to wait for MS
[16:10] {Threei} enough excitement for the day
[16:10] {Threei} oh here it is
[16:10] {Threei} REPORTS Q3 $1.32 V $0.77
[16:10] {Threei} R$8.0B V $6.28BE
[16:10] {Threei} - Liquidity $B at end of Q3, $B q/q