Session Time: Wed Sep 24 00:00:00 2008
[08:20] {Threei} WARREN BUFFET: BETTING ON THE US GOV'T TO "DO THE RATIONAL THING" REGARDING HIS INVESTMENT IN GS - CNBC INTERVIEW
[08:20] {Threei} - Notes the Paulson plan is far from perfect, but it is necessary.
[08:20] {Threei} - Suggests financial markets were on the brink of collapse last week, believes they "couldn't take another week like that." Says last week will look like a "Nirvana" if the Government does not act. Situation remains very very dangerous says Buffett.
[08:20] {Threei} - Calls the $50B money market support package an important move.
[08:26] {magoo} morning..was booted out last half hour yesterday
[08:27] {Threei} morning
[08:27] {Threei} yeah, there was some disgusting latency
[08:35] {Threei} 09/23/08 05:00pm
[08:35] {Threei} [SQNM] Sequenom, Inc Reports more positive results for Down Syndrome test
[08:35] {Threei} - Among the data presented, Sequenom's test demonstrated complete concordance with clinical results (no false positives and no false negatives) in both first and second trimester samples (over 200 samples announced today and in excess of 400 prospective samples to-date).
[08:36] {Threei} trades over 52 week high
04[08:43] -} [magoo] PING
[08:43] {Threei} [08:43] [magoo PING reply]: 0secs
[08:43] {Threei} looks fine today
[08:43] {Threei} whatever storm hit internet yesterday, it's passed
[08:49] {pita} morning all
[08:49] {Threei} pita :)
[08:50] {hawkfan4} good morning
[08:51] {Threei} hawk :)
[08:51] {magoo} news FSLR vad?
[08:52] {hawkfan4} 08:44 Solar tax credit renewals get green light from Senate - CNET News.com
[08:52] {Threei} yeah
[08:52] {Threei} 17B in tax breaks
[08:52] {magoo} moving it
[08:52] {Threei} for industry, not FSLR alone :)
[08:53] {Threei} whole sector is gapping
[08:53] {magoo} ENER up 6
[08:53] {Threei} SQNM
[08:53] {Threei} PRICE TARGET RAISED TO $32 FROM $23 AT OPPENHEIMER; MAINTAINS OUTPERFORM RATING
[08:54] {Threei} Lazard assigned 44 earlier
[08:54] {Threei} FRE seems to be aiming for 2 eh?
[08:57] {esemde} good morning
[08:57] {Threei} ese :)
[08:58] {esemde} hmmmm whats going on with FRE...residual value of some sort
[09:00] {esemde} my solar screen is big time Green....
[09:00] {Threei} yup tax credit renewal
[09:01] {fernp} Good morning all
[09:01] {Threei} fern :)
[09:01] {esemde} fern
[09:07] {Threei} T. Boone Pickens admitted to losing at least $1 billion so far for his hedge fund investors this year
[09:07] {hawkfan4} ouch
[09:07] {Threei} remember his endless high targets for oil?
[09:08] {Threei} stubbornly instisting that it goes back to 15, then to 200
[09:08] {Threei} 150 that was
[09:08] {peterg} morning
[09:08] {Threei} peter :)
[09:09] {esemde} 1 billion.....
[09:09] {Threei} I opined that he was mistaken and blinded by his own preconcieved opinions
[09:09] {esemde} he predicts that there will be an increase and he looses 1 billion...whats with that?
[09:09] {Threei} and got couple e-mails mocking my comment along the lines "you ahgainst pickens/"
[09:10] {dino} gm all
[09:10] {Threei} dino :)
[09:10] {esemde} dino
[09:11] {Onix} good morning all
[09:11] {Threei} onix :)
[09:11] {Threei} ese... he is long... oil is dropping...
[09:12] {esemde} still long........
[09:13] {esemde} so basically he's lost 1 billion for the 10 billion he's made
[09:14] {peterg} saw his book yesterday; First Billion is the Hardest
[09:15] {peterg} lks good for 82
[09:15] {peterg} did not read
[09:21] {dptl} good morning all
[09:21] {esemde} dp!!!!
[09:22] {dptl} :)
[09:27] {Threei} dp :)
[09:30] {pita} dumped me too, alternate didn't work, but all's well now
[09:30] {Threei} Long Setup: SQNM 25 break small shares
[09:31] {esemde} waiting for pullback in eslr
[09:31] {Threei} too deep SQNM
[09:32] {Threei} Long Setup: AKNS 5.20 break if holding above 5
[09:33] {magoo} in AKNS .25
[09:35] {magoo} nasty spread
[09:35] {Onix} in AKNS @ 5.21
[09:36] {Threei} Long Setup: ICON 14.40 half lot
[09:37] {Threei} invalidated'
[09:39] {Threei} SQNM is back
[09:45] {Threei} AKNS stopped
[09:45] {magoo} akns stopped
[09:45] {Threei} too bad... was perfectly positioned to go to 6
[09:47] {Threei} wow AIG
[09:47] {Threei} what happened there
[09:48] {Onix} stopped akns
[09:48] {Threei} don't see any news
[09:48] {Threei} FRE hard selling too
[09:52] {Threei} WHITE HOUSE ECON ADVISOR LAZEAR: PLANNING TO REMAIN UNTIL LEGISLATIVE AND PLANNING OF RESCUE PLAN HAS BEEN COMPLETED EVEN THOUGH PLANNED TO RESIGN FROM POSITION LAST WEEK
[09:52] {Threei} can't believe FRE volatility
[09:53] {Threei} FRE
[09:53] {Threei} SELLS $2B OF 1 MONTH BILLS AT A YIELD OF 2.65%
[09:54] {Threei} Long Setup: FMCN .50 break if stays above .20
[09:54] {Threei} half lot
[09:57] {esemde} might the market Vad FMCN
[09:57] {esemde} might need....the market
[09:58] {dino} ilmn sm l .50 trig
[09:58] {esemde} Nope....was wrong there
[09:58] {Threei} if takes that .60 offer, 32 should be easy
[09:59] {Threei} {FMCN} what .60 offer?
[09:59] {Threei} over 1:1
[10:00] {esemde} good call Vad......
[10:00] {Threei} half out .88
[10:00] {Threei} FMCN
[10:00] {Threei} HEARING TAKEOVER CHATTER CIRCULATING
[10:00] {Threei} ummmm
[10:00] {magoo} out here .91 TY vad
[10:00] {Threei} welcome
[10:00] {Threei} AUG EXISTING HOME SALES: 4.91M V 4.94ME (-2% M/M)
[10:00] {Threei} - prior revised from 5.00M to 5.02M
[10:00] {Threei} - Total months of supply: 10.4 v 11.2 m/m (11.2 months was highest on record)
[10:01] {Threei} FED CHAIRMAN BERNANKE: DOWNSIDE RISKS TO THE US ECONOMY REMAIN, INFLATION SHOULD MODERATE BUT SIGNIFICANT RISKS REMAIN
[10:01] {Threei} - Commercial real estate financing is much tighter
[10:02] {Threei} let's take 32 FMCN... can you?
[10:03] {magoo} should i reload?
[10:03] {Threei} risky as hell here
[10:03] {Threei} if loses .50 leave it alone
[10:04] {Threei} if takes 32, take small shares
[10:04] {magoo} i gotta praise laser system
[10:04] {Threei} and when I say I mean small
[10:04] {Threei} not your 5K
[10:04] {magoo} i just filled out bidu 268.20
[10:04] {magoo} never saw it and it was at 266 area
[10:05] {Threei} dark pools? :)
[10:05] {magoo} laid out and WOW ...OUT it was :)
[10:05] {Threei} I had such fill premarket on FRE
[10:05] {magoo} best executions ive ever seen
[10:05] {Threei} put 3K for sale at 1.93 from scalp entry
[10:05] {Threei} got hit without Level 2 quotes going there
[10:05] {dino} ddm sm l .70
[10:06] {Threei} let me repeat the question FMCN... can you?
[10:09] {Threei} {FMCN} can I?... heh!!
[10:11] {Threei} my stop for the balance is trailed to .75
[10:11] {Threei} it held .80 on last pullback before the break
[10:13] {dino} ddm stopped -.38
[10:14] {Threei} stop to .95
[10:14] {Threei} don't weant to let too much slip away
[10:14] {magoo} nice read vad
[10:14] {Threei} too greedy maybe... what's wrong with +.70 - .80 I had? :)
[10:15] {magoo} u been hangin with magoo too much
[10:16] {Threei} nwever a good thing... dino told me that
[10:16] {magoo} im the "rocking horse winner" remember?
[10:16] {dino} it's true, no good can come from hanging w/magoo
[10:16] {Threei} lol
[10:16] {magoo} always fun until things come crashing in tho
[10:17] {dino} -6%
[10:17] {magoo} what..your acct dino?
[10:17] {Threei} IRANIAN ENERGY MIN: IN DISCUSSIONS WITH EUROPEAN PARTNER FOR DEVELOPMENT OF PIPLELINE FROM IRAN TO EUROPE
[10:18] {magoo} there just gonna use piupe to lert suicide bombers crawl thru it
[10:18] {dino} since fri. highs
[10:20] {esemde} testing the waters 1/2 lot of ESLR here .22
[10:22] {esemde} and the boat floats....
[10:23] {esemde} should pullack a little will add another 1/2 lot
[10:24] {esemde} waited for those 2 big red volume spikes Vad so apptly talks about in his book
[10:24] {esemde} this is text book!!!!
[10:25] {Threei} I have a book?
[10:25] {GeoArb} yeah really?
[10:26] {GeoArb} what page ese?
[10:26] {esemde} with your name on it sir!!
[10:26] {esemde} i'll find that page....just a moment
[10:27] {Threei} frikin SQNM fooled me
[10:27] {esemde} starting page 95
[10:29] {esemde} am long averge full lot .30 ESLR
[10:29] {Threei} CBO: BAILOUT COST WILL EVENTUALLY COST SUBSTANTIALLY 'LESS' THAN THE $700B FIGURE DUE TO GOVT SALE OF ASSETS ACQUIRED DURING PROCESS
[10:29] {Threei} {XLF}
[10:29] {Threei} that's what I thought too
[10:30] {Threei} IF they don't ma\ngle the process
[10:30] {Threei} which they are likely to do, lol
[10:31] {dino} clhb drop
[10:33] {dino} if they get them at .60 on the buck, over a couple years they could make alot of money.
[10:33] {dino} clhb sm l .99
[10:33] {dino} the gov't will become what they hate....flippers
[10:36] {Threei} you know
[10:36] {Threei} I don't mind as long as they are good at it, lol
[10:37] {dino} same thoughts, unfortunately w/gov't it most likely will not work
06[10:37] * Threei kicks FMCXN in the rear with heavy duty steel-toed army boots
[10:38] {dino} but i know lots of people waiting to buy these
[10:38] {Threei} yeah, since when goverments were effective at anything
[10:41] {Threei} US SEN REID: BAILOUT PLAN MUST BE DONE RIGHT, NOTES THAT IT CAN TAKE UNTIL THE ELECTION
[10:41] {Threei} huh?
[10:41] {magoo} that is NOT good
[10:42] {Threei} DOE CRUDE: -1.5M V -2.5ME; GASOLINE: -5.9M V -3.8ME; DISTILLATES: -4.2M V -1.5ME; UTILIZATION: 66.7% V 78.7%E
[10:42] {Threei} *API Inventory:
[10:42] {Threei} - Crude Inventories: -91K
[10:42] {Threei} - Gasoline: -2.1M
[10:42] {Threei} - Distillate: -1.7M
[10:43] {Threei} OK
[10:43] {Threei} I am out FMCN
[10:43] {Threei} +.97
[10:43] {Threei} maybe has more in it but feels like getting tired
[10:43] {Threei} or it's me who is
[10:44] {Chaeron} Good morning all... see I missed a few..... any left?
[10:44] {Threei} no chaeron... sorry
[10:44] {Chaeron} ok... see you later :)
[10:44] {GeoArb} heheheh...... i just realized vad meant break of LAST .50
[10:44] {GeoArb} not this one
[10:44] {Onix} ty for FMCN Vad, i got 27c
[10:44] {Threei} were hurried to take it all before your coming
[10:44] {Chaeron} see you did a good job at it
[10:44] {GeoArb} serves me right to wake up late
[10:45] {dino} no scalps for you, two months
[10:45] {Threei} onix :)
[10:45] {GeoArb} i still got 13 cents
[10:45] {Onix} ty also for SQNM i got 48c
[10:45] {Threei} really?
[10:45] {Threei} I missed it completely
[10:45] {Threei} it invalidated first setup, spiked too sharply into resistance,
[10:45] {Threei} then retreated again
[10:46] {Threei} then I stopped watching it, and it sneaked past me, lol
[10:46] {Onix} actually got 28c on first 200 shares & 48c on second 200
[10:46] {esemde} is this message getting through.....power went out in my house
[10:46] {dino} gj
[10:47] {Threei} yes ese
[10:47] {dino} yes es
[10:47] {GeoArb} thats funny ese....
[10:47] {GeoArb} you being a solr guy
[10:47] {GeoArb} solar
[10:47] {dino} use bottles for messages
[10:47] {esemde} tks....my son plugged in 4 electric heaters......bang
[10:47] {GeoArb} winter in canada already?
[10:47] {dino} heaters? why?
[10:47] {Threei} ese, Costco sells solar panel that is supposed to provide backup
[10:48] {Threei} $300 or something like that
[10:48] {Threei} argh FMCN
[10:48] {esemde} good question.....one never knows what goes through the mind of a 7 year old
[10:48] {GeoArb} true that
[10:48] {dino} now i understand
[10:49] {esemde} ya thanks Vad........very funny....
[10:49] {Threei} not a joke
[10:49] {Threei} was looking at it with interest myself
[10:50] {esemde} i may go and looo at those......
[10:51] {Threei} cosmo even found it online
[10:52] {dino} well, cosmo can find anything
[10:52] {esemde} if ESLR takes off i may go and look at them
[10:52] {Chaeron} get a hotdog while you're there :) good stuff
[10:53] {magoo} RIMM ought to catch up
[10:53] {hawkfan4} i prefer the popcorn and cherry slushies from Target myself
[10:53] {Threei} ese, you got today's Time Colonist?
[10:54] {Threei} FED'S BERNANKE: MARKETS REQUIRE CONFIDENCE THAT THE BAILOUT PLAN WILL PROVIDE SUFFICIENT POWER, SHOULD NOT BE DONE IN 'DRIBS AND DRABS' - Q&A
[10:54] {Threei} - Bernanke is again deflecting the proposal by Senator Schumer to start with $150B in funding and to revisiting it further bailout funding early next year.{XLF}
[10:55] {GeoArb} hmmm cherry slushies... how come i missed that
[10:56] {dino} i think they should start with 3 gazillion
[10:57] {Threei} yeah, why play small
[10:57] {dino} dr. evil could fix this
[10:57] {Threei} rofl
[10:57] {Threei} just what I thought 1 second ago
[10:57] {dino} we just need a "lazer"
[10:58] {dino} magoo can play fat bastard
[10:58] {Threei} they with those billions are like dr evil charging 'One111... Million.... dollars!!!"
[10:58] {GeoArb} any response magoo?
[10:58] {dino} lol
[10:58] {dino} he's occupied
[10:58] {GeoArb} bucket of chicken?
[10:59] {GeoArb} fmcn
[10:59] {Threei} uhhu
[10:59] {dino} lol
[10:59] {Threei} it;s where I thought of selling it before I lost patience
[10:59] {GeoArb} yup
[11:00] {esemde} hey Vad.....don't get the times communist....can pick it up though
[11:00] {Threei} oh well... even with that selling price I got it was above my usual
[11:00] {Threei} if you have a chance, ese,
[11:00] {esemde} whats in it....
[11:00] {Threei} have a look at photo and tag line at Classifieds page
[11:01] {Threei} Ben:
[11:01] {Threei} - The number of firms that were "too big to fail" is excessive and needs to be reduced.
[11:01] {Threei} - Credit is being impaired by "fire sale pricing."
[11:01] {Threei} - Insists he is not advocating the gov't overpay for assets.
[11:01] {Threei} - Any taxpayer loss would be "much less" than $700B.
[11:01] {Threei} - Serious concerns remain about the plan's impact on the budget.
[11:01] {esemde} gonna give me a hint....
[11:01] {Threei} ah come on... I want you to be pleasantly surprized
[11:02] {esemde} Ohkee dokeee........
[11:03] {Threei} for the rest of you...
[11:03] {Threei} ese, don't look
[11:03] {Threei} http://www.flickr.com/photos/36948132@N00/2734565512/
[11:03] {Threei} this photo of mine is published in today's paper
[11:03] {GeoArb} thats a nice pic ad
[11:03] {GeoArb} almost artistic
[11:04] {GeoArb} (cant even get a trout these day)
[11:04] {Threei} lol
06[11:05] * magoo slaps GeoArb around a bit with a large trout
[11:05] {hawkfan4} wow Vad, that's a great pic
[11:05] {magoo} AND U DINO........................
06[11:05] * magoo slaps dino around a bit with a large trout
06[11:05] * magoo slaps dino around a bit with a large trout
06[11:05] * magoo slaps dino around a bit with a large trout
[11:05] {Threei} ty hawk
[11:06] {dino} out clhb .42, +.43
[11:06] {Threei} Short Setup: RIMM as close to 98 as you can get
[11:06] {magoo} vad, in pic..whos that hanging a moon 3rd deck down left side of smoker stacks??
[11:07] {GeoArb} fmcn interesting frop
[11:07] {GeoArb} d
[11:08] {Threei} stop above 98.10
[11:08] {magoo} got .93
[11:08] {dino} isn't rimm one of the "new" finacials like ibm
[11:09] {dino} ibm do not short list
[11:09] {Threei} RIMM is available
[11:11] {Threei} FED'S BERNANKE: BAILOUT PLAN IS NOT A STIMULUS PLAN, BUT IF IT HELPS THE ECONOMY RECOVER, FED MAY HAVE TO RAISE RATES SOONER THAN EXPECTED
[11:11] {magoo} covered .63 here TY BOSS
[11:11] {Threei} you are so impatient
[11:11] {magoo} its like u and u me
[11:12] {Threei} good scalping footwork
[11:12] {magoo} im writing a book too
[11:12] {Threei} too?
[11:12] {Threei} who else is?
[11:13] {magoo} but video of me trading is questionable at this time...dino says video of me smashing phone..flipping out of chair..getting hit by flying objects{dino there throwing them} not gonna cut it
[11:14] {dino} not so sure magoo, cable may run it
[11:14] {Threei} yeah, I had to cut out a few episodes of mine too
[11:14] {Threei} half out RIMM
[11:14] {Threei} .50, +.42
[11:15] {Threei} bidding 97.15 for the balance, stop 98.01
[11:15] {magoo} if IF it keeps falling..aapl good short
[11:15] {magoo} not convinced tho
[11:16] {Threei} market strenghtened a bit
[11:16] {Threei} but if it loses that .51 bid
[11:16] {Threei} should drop hard and fast
[11:16] {Threei} lost
[11:17] {Threei} and dropped
[11:18] {Threei} CBO: IF A BAILOUT IS NOT PASSED, A MELTDOWN COULD OCCUR ON SCALE OF THE GREAT DEPRESSION
[11:18] {magoo} aapl fell too
[11:18] {Threei} IMF'S STRAUSS-KAHN: SEES SUBPRIME LOSSES RISING TO $1.3T VERUS $1.1T PRIOR VIEW
[11:18] {magoo} vad, could we make good money here in a great depression??
[11:19] {Threei} as if I lived in one
[11:19] {magoo} i thought u ran a room in tghe last one
[11:19] {Threei} rent for an hour room?? :)
[11:19] {dino} not w/o short capability
[11:20] {Threei} stop to .55 RIMM
[11:20] {dino} these guys are idiots, just get rid of mark to market
[11:20] {magoo} get rid of marky-mark...what he do?
[11:23] {hawkfan4} Vad, FNM 1.80 break scalp?
[11:23] {Threei} looks like
[11:24] {GeoArb} wow thick
[11:24] {Threei} these two are toughie
[11:24] {magoo} vad, now u need to double cover your RIMM short stop and ride it up
[11:24] {Threei} scalp type 1
[11:25] {Threei} not sure mags
[11:25] {Threei} I'll skip it
[11:26] {Threei} GMAC REPORTEDLY MOVING TOWARDS FURTHER REDUCTION OF RISK IN AUTO FINANCING AND MORTGAGES
[11:26] {Threei} they'll stop financing vehicles?
[11:26] {Threei} that would reduce risk
[11:32] {Threei} FNM workwed for 5 cents
[11:38] {GeoArb} hey i had a Q for laser users.....
[11:38] {GeoArb} american users ahem...
[11:39] {GeoArb} do the same stuff as retail during taxes or th llc changes things
[11:39] {GeoArb} i have never done it before
[11:39] {dino} ask magoo
[11:39] {GeoArb} magoo chaeron?
[11:39] {GeoArb} off course all advice disclaimers are respected
[11:40] {magoo} dcc geo
[11:41] {GeoArb} dcced
[11:41] {Threei} should have reshorted RIMM .50 break
[11:41] {peterg} hey geo, if you find out something, let me know
[11:41] {dino} should've bought a sub for lunch
[11:42] {GeoArb} lol
[11:42] {Threei} look partners page on our website guys
[11:42] {GeoArb} i saw that.....
[11:42] {Threei} there is a lonk to tax advisors
[11:42] {Threei} link
[11:43] {Threei} 97 - 91.15 RIMM
[11:43] {Threei} break of the range is p[lay
[11:43] {Threei} with stop on the other end of the range of course
[11:45] {Threei} nope, no worky
[11:47] {Threei} FNM is moving slowly
[11:47] {GeoArb} so you had what 5 lots?
[11:47] {Threei} yes
[11:47] {GeoArb} wow its thick
[11:48] {Threei} that's what type 1 scalp is
[11:48] {GeoArb} okkkkkk
[11:48] {Threei} thick stocks, huge liquidity, small movements
[11:48] {GeoArb} if its in the book i missed it
[11:48] {Threei} it's in scalping course
[11:48] {GeoArb} oops
[11:49] {GeoArb} {- will refer again
[11:49] {dino} new lows
[11:53] {esemde} Have a great rest of the day all.....
[11:53] {Threei} take care ese
[11:53] {esemde} see ya vad....will pick up the paper
[11:53] {Threei} :)
[11:54] {magoo} es:)
[12:04] {Threei} new highs FRE/FNM
[12:12] {GeoArb} .
[12:12] {hawkfan4} ..
[12:12] {Threei} more sweeping for chaeron
[12:14] {Threei} FED'S BERNANKE: IT IS IMPORTANT FOR CONGRESS TO OVERSEE THE TREASURY BAILOUT PLAN, BUT CONCERNED THAT TOO MANY DETAILS WRITTEN INTO THE BILL WOULD LIMIT FLEXIBILITY TO CARRY OUT ITS GOALS
[12:14] {dino} colm sm l .00
[12:14] {GeoArb} details like no folden parachutes for screwing up?
[12:17] {dino} y
06[12:20] * laserdave1 slaps Threei around a bit with a large trout
06[12:20] * laserdave1 slaps Chaeron around a bit with a large trout
06[12:20] * Threei slaps laserdave1 around a bit with a large trout
06[12:20] * magoo slaps laserdave1 around a bit with a large trout
06[12:20] * laserdave1 slaps magoo around a bit with a large trout
06[12:21] * Chaeron slaps laserdave1 around a bit with a large trout
[12:21] {GeoArb} wo he came swinging
[12:21] {Threei} don't you love the silent battle
[12:21] {laserdave1} i know only to enter this room with a loaded gun
[12:24] {Threei} SQWNM makes me cry
[12:27] {GeoArb} how about now vaD?
[12:37] {Threei} ?
[12:37] {Threei} 12:36pm [SIRF] Ticks higher on speculation that its GPS chip is used in the new G1 smartphone with Google's Android software
[12:43] {Threei} market is going to do nothing until paulson plan is resolved one way or another
[12:49] {dino} ofix
[12:49] {Threei} US SEN SCHUMER: SEES LITTLE CHANCE THAT MANY LAWMAKERS WILL VOTE AGAINST ANY RESCUE PLAN
[12:56] {GeoArb} zzzzzzzz
[12:57] {GeoArb} qqqq flatlined
[12:57] {GeoArb} gld too
[12:57] {Threei} 12:43] {Threei} market is going to do nothing until paulson plan is resolved one way or another
[12:58] {magoo} doesn't mean i can't do this...............
06[12:58] * magoo slaps Threei around a bit with a large trout
[12:58] {Threei} hmmm
[12:58] {Threei} I need to ponder my response
[12:58] {Threei} wait
[12:58] {Threei} I don't
06[12:58] * Threei slaps magoo around a bit with a large trout
[12:59] {magoo} now why u gotta go and do that?:)
[12:59] {Threei} lol
06[13:02] * dino slaps magoo around a bit with a large trout
06[13:02] * laserdave1 slaps magoo around a bit with a large trout
[13:03] {magoo} now see what u started vad
[13:03] {Threei} argh
[13:03] {laserdave1} hey Vad is there a way for me to program this to automatically slap Magoo every 15 mniutes?
[13:03] {magoo} vads best pirate imitation there
[13:04] {laserdave1} :)
[13:04] {magoo} roflol
[13:04] {laserdave1} will be interesting when we meet for the first time in person who is holding the bigger trout
[13:05] {laserdave1} lol
[13:05] {GeoArb} hmmm is there a hidden pun
[13:05] {Threei} now, that's a very personal matter youi touch on, dave
[13:05] {magoo} he he....first annual vad trading room cruise
[13:05] {GeoArb} "touch on" ??? vad
[13:06] {Threei} US TREASURY'S PAULSON: A RESCUE PLAN WAS STUDIED OVER PERIOD OF MONTHS, HOPED IT WOULD NOT BECOME NECESSARY; DID ENCOMPASS SMALL BANKS AS WELL AS LARGER INSTITUTIONS
[13:06] {laserdave1} market just got a bi tperky
[13:06] {laserdave1} not sure why
[13:06] {magoo} oh oh...now hes lying
[13:08] {Threei} now?
[13:09] {Threei} sqnm...
[13:11] {magoo} dam..was gonna call rimm long
[13:19] {Threei} CNBC REPORTS THE BAILOUT PACKAGE WILL INCLUDE SOME PAY CURBS - CITES REPUBLICAN SOURCES
[13:21] {Threei} feels like market spike is coming
[13:24] {GeoArb} nice vad
[13:24] {dino} here it comes
[13:24] {Threei} if you grabbed RIMM at the beginning, it's about 60 cents
[13:31] {Threei} CNBC SOURCES NOW SAYING ITS EARLIER REPORT ABOUT THE BUSH ADMINISTRATION MAKING CONCESSIONS ON EXECUTIVE PAY CURBS IN THE BAILOUT PACKAGE ARE NOT TRUE
[13:31] {Threei} lol
[13:33] {GeoArb} heard this joke
[13:33] {GeoArb} Paulson and Bernanke, the two bald guys, put their heads together and made and ass out of themselves.
[13:33] {Threei} woohooo
[13:34] {Threei} there are people on this planet with sense of humor inferior to mine
[13:34] {GeoArb} heheh
[13:34] {dino} roflol
[13:39] {Threei} US TREASURY REPORTEDLY STILL NEGOTIATING ON EXECUTIVE COMPENSATION ISSUES AND OTHERS - UNCONFIRMED REPORT
[13:40] {GeoArb} paulson isnt exactly unbiased
[13:40] {Threei} hahaha
[13:40] {GeoArb} he is only worth 500 mill
[13:41] {dino} out colm .53, +.53
[13:41] {Threei} wtg
[13:43] {dino} ty
[13:43] {dino} out ilmn .99, +.49
[13:43] {GeoArb} wow dino
[13:43] {GeoArb} good day
[13:43] {Threei} it's dino
[13:43] {Threei} every day is a good day
[13:44] {dino} didn't do much, but they are finally moving
[13:44] {dino} c'mon afam
[13:48] {dino} vrtx
[13:53] {dino} amzn
[13:54] {dino} sm risky s vrtx .05
[13:55] {dino} bstop hod
[13:59] {Threei} hey, I have alternative to paulson plan
[13:59] {Threei} let banks fail if they can't make it,
[14:00] {Threei} use those 700B to replace their credit directly to companies and consumers who need it
[14:01] {Threei} WSJ: CONGRESS CONSIDERING APPROVAL OF RESCUE PACKAGE EITHER IN PARTIAL OR CONDITIONAL FORM
[14:09] {Threei} Short Setup: AMZN .34
[14:09] {Threei} stop over .50
[14:12] {Threei} half out
[14:12] {Threei} scalpers havenice 30 cents here
[14:13] {Threei} feel free to cover here
[14:13] {Threei} 50 cents
[14:13] {Threei} and more if you are exceptionally gredy
06[14:14] * Threei slaps magoo around a bit with a large trout
[14:15] {Onix} good call AMZN ty Vad
[14:15] {Threei} welcome kind sir
[14:19] {Threei} PIMCO'S BILL GROSS: NOTES THAT BAILOUT PLAN COULD RETURN 10-15% TO THE GOVT - CNBC COMMENTS
[14:20] {dino} vrtx bstop to .99
[14:22] {dino} cov .89, +.16
[14:23] {dino} amzn sm l .00 risky
[14:27] {dino} trow
[14:28] {magoo} vad..my normal question ghere??
[14:28] {magoo} VVVVVVAAAAAAAAAADDDDDDDDDDDDDD
[14:29] {Threei} I am thinking!!
[14:29] {Threei} first, tell me whether you took AMZN
[14:30] {GeoArb} no :(
[14:30] {GeoArb} gaught caught in a reboot
[14:30] {Threei} yeah, I saw... magoo?
[14:30] {magoo} we are missing the run as i wait here
[14:31] {GeoArb} you saw? (geo shivers as he is being monitored.....)
[14:32] {Threei} dunno mags... doesn't look convincing to me
[14:32] {Threei} feels like dowen is more likely
[14:33] {dino} .
[14:33] {dino} ugh cyber crash
[14:33] {GeoArb} hmm
[14:34] {magoo} was just bumped out room vad
[14:34] {Threei} grrr
[14:40] {magoo} u dont have to kick me out of room because i ask a question of u lol
[14:40] {Threei} I don't?
[14:40] {Threei} but that's my usual MO
[14:42] {dino} frustration incorprated
[14:42] {magoo} u did it top me yesterday
[14:43] {dino} amzn quote?
[14:44] {Threei} 70.75
[14:44] {magoo} i refuse to tell him
[14:44] {dino} untrusting
[14:48] {magoo} AAPL short bossman
[14:48] {peterg} now?
[14:49] {magoo} risky..if IF mkt falkls it will
[14:49] {magoo} not in yet
[14:49] {magoo} ill call if i do
[14:49] {peterg} chk
[14:49] {magoo} was asking vad
[14:50] {peterg} chk
[14:50] {Threei} .50 break mags
[14:50] {Threei} if stays under .75
[14:50] {magoo} nned mkt help
[14:50] {Threei} as always
[14:50] {Threei} goes without saying
[14:51] {Threei} TREASURY'S PAULSON: BAILOUT LEGISLATION MUST ADDRESS EXECUTIVE COMPENSATION
[14:51] {Threei} jeez
[14:51] {Threei} guy wants revolution?
[14:52] {dino} just had one, gov't took over banks, investment houses, auto industry and changed the rules on speculators
[14:52] {magoo} sh 100 sh bidu .15
[14:52] {magoo} 272 .15
[14:52] {dino} and real estate too
[14:52] {magoo} aapl good now
[14:52] {Threei} AMZN 1:1
[14:52] {Threei} and more
[14:54] {magoo} out bidu here 1 point
[14:55] {magoo} die aapl
[14:56] {Threei} McCain says wants to suspend campaign
[14:56] {Threei} headed back to DC to work on crisis
[14:56] {magoo} what
[14:56] {GeoArb} what?
[14:56] {peterg} man of action
[14:56] {Threei} saggests Obama to do the same
[14:57] {GeoArb} what exactly will a man who wants dereg do?
[14:57] {GeoArb} in fact both men?
[14:57] {GeoArb} this is more fun http://www.msnbc.msn.com/id/26856896/
[14:58] {magoo} i am short aapl .04
[14:58] {magoo} lookingh for 10 points
[14:59] {Threei} geo, you shorted AMZN this time?
[14:59] {Chaeron} 52wk range: 2.14- 8.18
[14:59] {Chaeron} Local.com Corporation provides paid-search advertising services to local and national businesses on the Internet in the United States and Europe.
[14:59] {GeoArb} ahm..... didnt see the flashing red
[14:59] {Chaeron} ooops sorry
[14:59] {Chaeron} wrong window
06[15:00] * magoo slaps Chaeron around a bit with a large trout
[15:00] {Threei} hmmm... wasting perfect calls here, I see
[15:00] {GeoArb} no no vad
[15:00] {Chaeron} http://www.breitbart.com/article.php?id=D93D8Q000&show_article=1
[15:00] {magoo} any magoo followers?
[15:01] {magoo} 50 cent aapl
[15:01] {GeoArb} sheesh
[15:01] {magoo} gonna be a point
[15:02] {GeoArb} i had a sound alert on vad's chats..... and sound was off.... not a good day
[15:02] {Threei} [14:32] {Threei} dunno mags... doesn't look convincing to me
[15:02] {Threei} [14:32] {Threei} feels like dowen is more likely
[15:03] {Threei} US PRESIDENTIAL CANDIDATE MCCAIN HAS REPORTEDLY CALLED FOR A DELAY IN DEBATE IN ORDER TO ADDRESS MARKET BAILOUT ISSUES
[15:03] {Threei} - Reports have McCain suspending his campaign until these issues have been addressed
[15:03] {GeoArb} ok sound alert working now
[15:03] {magoo} coivered aapl here .50 plus .54
[15:03] {magoo} thats why i ask vad..seriously...u have a good feel..u just don't know it and play it he he
[15:03] {Threei} too late geo... I am deeply offended by being commonly ignored, suspending all calls untill McCain unsuspends his campaign
[15:04] {GeoArb} ooooh
[15:04] {magoo} 14:58] {magoo} i am short aapl .04
[15:04] {Threei} even magoo who asked about AMZN, didn't take it, lol
[15:04] {GeoArb} i thought he did
[15:04] {Threei} nope, he took AAPL
[15:04] {magoo} nah..
[15:13] {GeoArb} .
[15:16] {Chaeron} ..
[15:16] {magoo} ...
[15:18] {magoo} sh rimm 04
[15:19] {magoo} cover here .59
[15:19] {magoo} EASAY BUTTON
[15:21] {Onix} ty for AMZN Vad, i took another 32c
[15:21] {Threei} :)
[15:21] {Threei} GOLDMAN ANALYST NOTES THAT PROTECTION OF FINANCIAL STOCK SHORT SELLING HAS LED TO A SHORT TERM POSITIVE FOR EXCHANGE STOCKS (TIMING UNCERTAIN)
[15:21] {Threei} - Notes trending in higher volume may lead to higher than anticipated Q3 earnings
[15:26] {Threei} Sen Barton says Paulson plan is DOA
[15:31] {Threei} TREASURY SEC PAULSON: "I'M NOT SEEKING EXTRAORDINARY POWERS"
[15:31] {Threei} - Notes that oversight and transparency are necessary under plan
[15:33] {magoo} vad..u running a trading room or are u a news reporter? {as magoo runs for cover}
[15:33] {GeoArb} ooooooh
06[15:33] * Chaeron slaps magoo around a bit with a large trout
[15:33] {Chaeron} allow me
[15:33] {Threei} that's it... now you've done it
[15:33] {magoo} roflol
06[15:33] * Threei removes himself to a very very remote monastery
06[15:33] * Threei removes himself to a very very remote monastery in Tibet
[15:33] {GeoArb} nuyork?
06[15:34] * Threei removes himself to a very very remote monastery in Tibet without wireless connection
[15:34] {GeoArb} PIMCO'S EL ERIAN URGES THE PASS OF RESCUE PACKAGE AS MARKETS ARE 'DETERIORATING RAPIDLY'
[15:34] {Threei} PIMCO'S EL ERIAN URGES THE PASS OF RESCUE PACKAGE AS MARKETS ARE 'DETERIORATING RAPIDLY'
[15:34] {Chaeron} greeeeeeaaaaaat........ Well, magoo... make a call.... better be good.... oh and I want the latest headlines.... and tax advice :))
[15:34] {GeoArb} hahaha
06[15:35] * Threei removes himself to a very very remote monastery in Tibet without wireless connection in order to do intensive navel-gazing and soul-seraching
[15:35] {GeoArb} so now soul lives in navel?
06[15:36] * Threei removes himself to a very very remote monastery in Tibet without wireless connection in order to do intensive navel-gazing and soul-searching, and among souls he intends to sought out magoo's one will be decisively kept out of list
[15:37] {magoo} HEY
06[15:37] * Threei returns from monastery for just one minute to do this:
06[15:37] * Threei slaps magoo around a bit with a large trout
06[15:39] * magoo slaps peterg around a bit with a large trout
06[15:39] * magoo slaps Onix around a bit with a large trout
06[15:39] * magoo slaps laserdave1 around a bit with a large trout
06[15:39] * magoo slaps jmb around a bit with a large trout
06[15:39] * magoo slaps hawkfan4 around a bit with a large trout
06[15:39] * magoo slaps GeoArb around a bit with a large trout
06[15:39] * magoo slaps frankc around a bit with a large trout
06[15:39] * magoo slaps dptl around a bit with a large trout
06[15:39] * magoo slaps dino around a bit with a large trout
06[15:39] * magoo slaps cosmo around a bit with a large trout
[15:39] {Chaeron} }{
06[15:39] * magoo slaps Chaeron around a bit with a large trout
06[15:39] * magoo slaps brian3579 around a bit with a large trout
06[15:39] * magoo slaps Raven around a bit with a large trout
06[15:39] * magoo slaps Threei around a bit with a large trout
[15:39] {GeoArb} i see he is going reverse alphabetical
[15:40] {magoo} mkts losing it here
[15:40] {Threei} and likely to do so till end of day
[15:41] {Threei} RIMM is going to lose 95 I believe
[15:41] {magoo} people gonna just thro in the towel
[15:42] {Threei} short into this bounce
[15:42] {Threei} got .44
[15:42] {Threei} .55 stop
[15:43] {magoo} constant beating...even when i was young boy...vad took off a day from beating me
[15:43] {Threei} lol
[15:45] {Threei} covered half RIMM
[15:45] {Threei} .25 and .27
[15:46] {magoo} u a rimm geniusd vad
[15:46] {magoo} ditch that pos uaua
[15:46] {Threei} if it goes under 95
[15:46] {GeoArb} hear hear
[15:47] {Threei} UAUA was very good to us for quite a while
[15:47] {Threei} just outlived itself
[15:47] {dino} these end of day sell-offs are getting bad
[15:47] {Threei} SENATE REPUBLICAN LEADER: EXECUTIVE COMPENSATION RESTRICTIONS SHOULD BE IN FINAL BAILOUT BILL
[15:49] {Chaeron} hey... if these newly siezed cos MAKE $$$ in the future and we bail them out, do we get a check like profit sharing?
[15:49] {Threei} uhhu
[15:49] {Threei} US HOUSE PASSES BILL FUNDING GOVERNMENT THROUGH MARCH 2009
[15:49] {GeoArb} ummmm
[15:49] {Chaeron} Palin did it in Alaska...
[15:49] {GeoArb} not us
[15:50] {GeoArb} alaska is a welfare state
[15:50] {Chaeron} CA is too
[15:50] {Chaeron} :)
[15:50] {GeoArb} alaska has no state tax no sales tax
[15:51] {GeoArb} and they get yearly checks
[15:51] {Threei} and the place is beautiful
[15:51] {Threei} oops... that's irrelevant
[15:52] {GeoArb} flat for the day
[15:52] {GeoArb} +150
[15:52] {GeoArb} sniff
[15:53] {Threei} that's 50K a year
[15:54] {GeoArb} i am just sad cuz you expect more from me vad heheheheh
[15:54] {Threei} they don't pass that bill, that'll be high end of earnings
[15:54] {dino} indeed
[15:54] {GeoArb} i will beome and illegal alian and work in canada
[15:55] {GeoArb} i guess i cant do grammer in canada
[15:55] {dino} i don't want to know of your illegal activities
[15:55] {Chaeron} I can't associate with felons
[15:55] {GeoArb} heyheyhey
[15:55] {Threei} CNBC'S GASPARINO: NOTES HIS SOURCES TELL HIM SOME SORT OF RESTRICTION ON EXECUTIVE PAY WILL BE INCLUDED IN THE FINAL BAILOUT BILL
[15:55] {Threei} - Speculates the final bill may break the $700B allotment into two pieces.
[15:55] {GeoArb} i am only a felon if i get caught
[15:55] {Chaeron} how come HE can speculate? :))
[15:56] {Threei} any hint that bill is likely to pass, market explodes
[15:56] {cosmo} which way?
[15:56] {Threei} I think they need to ban CNBC for a while
[15:56] {Threei} ex vs. im, cosmo...
[15:56] {GeoArb} anyone watches bloomie here?
[15:56] {Chaeron} explode = up.... implode = down
[15:56] {dino} isn't bush speaking tonight? maybe already passed in back room deal
[15:57] {Threei} anyone thinks it's a very bad idea to have Bush to sell this plan?
[15:58] {hawkfan4} more like everyone
[15:58] {Threei} thought so
[15:58] {Threei} well guys, shaped up as a ery nice day
[15:58] {Threei} a few quite sizeable wins
[15:58] {dino} whats to sell, the public doesn't vote on it
[15:58] {magoo} yes..ty boss
[15:59] {Threei} true dino...
[15:59] {peterg} never quite got it together, but tmo is another day
[15:59] {Threei} I gather there is a serious outcry though
[15:59] {GeoArb} yeah
[15:59] {magoo} well..and politicians listen
[15:59] {peterg} vs dumbhead salvage plan
[15:59] {Threei} reps get a lot of feedback
[15:59] {Threei} 99% is negative
[15:59] {Threei} "stop bailing wall street, bail people"
[15:59] {peterg} sell junk, then buy it back; make em rich 2x
[16:00] {dino} i struggled a bit too pete, happens.
[16:00] {peterg} slightly incoherent
[16:00] {peterg} still
[16:00] {peterg} sober as judge
[16:00] {peterg} how sober is that?
[16:00] {Threei} hmmm
[16:00] {Threei} depends on p[articular judge I guess
[16:00] {peterg} fine, really
[16:00] {GeoArb} thanks guys
[16:00] {peterg} thanks all; gnight
[16:01] {Threei} take care all, see you tomorrow
[16:01] {hawkfan4} nite all, thx vad
[16:01] {magoo} WAITTTTTTTTTTTTT
06[16:01] * magoo slaps Threei around a bit with a large trout
[16:01] {dino} gn all, up but below target
[16:01] {Chaeron} oh, I thought you were going to extend trading hours magoo
[16:01] {Threei} tyoo late, I wasn't there anymore mags
[16:02] {peterg} thks dino; c u tmo
[16:03] {magoo} dammit..he he
Wednesday, September 24, 2008
Tuesday, September 23, 2008
Sep 23 2008
Session Time: Tue Sep 23 00:00:00 2008
[08:05] {Threei} CNBC'S GASPARINO DISCUSSES ONGOING NEGOTIATIONS AROUND THE TREASURY'S BAILOUT PACKAGE
[08:05] {Threei} - still believes the deal gets done but suggests Treasury will have to continue to make concessions in order to get "Main Street" on board
[08:12] {esemde} good morning vad
[08:13] {Threei} ese :)
[08:13] {hawkfan4} good morning
[08:13] {esemde} mornin hawk
[08:13] {Threei} hawk :)
[08:14] {hawkfan4} es, vad :)
[08:24] {esemde} bought a new laptop yesterday.....macbookpro....should eventually solve my computor problems around here once i learn to use it Vad
[08:24] {Threei} Mac?
[08:24] {esemde} yes
[08:24] {Threei} never used any of those
[08:24] {Threei} I am PC guy... :)
[08:24] {esemde} me either
[08:25] {esemde} but have to because just about the entire recording industry are using them
[08:26] {Threei} oh, I see
[08:26] {esemde} steep learning curve coming
[08:27] {esemde} I had the oddest thought the other day while on the golf course
[08:28] {esemde} was thursty...and so started thinking about dp's gift to you....
[08:28] {Threei} rofl
[08:28] {esemde} might be the funniest thing i've ever seen
[08:29] {magoo} morning
[08:29] {Threei} magoo :)
[08:29] {esemde} mags!!!!!
[08:30] {magoo} oh oh...too much cafe"
[08:34] {Threei} let me describe how I see the current situation in the market and my idea of what is coming
[08:34] {Threei} I believe the market is working the process of bottoming these days. Bottom, however, is a process rather than event.
[08:34] {Threei} In last week's explosion market kind of showed its hand - made it too obvious that rescue plan is what it wants to put the bottom in and reverse.
[08:35] {Threei} Things can't be that obvious and easy - market is always trying to go with as few people on board as possible.
[08:35] {Threei} When I ask myself "if I were a market, what would I do to fool those who decided they figured me out?", my scenario comes out as following:
[08:35] {Threei} 1. While the rescue plan is being discussed, retreat and plant as much doubt as possible
[08:35] {Threei} 2. When the plan is adopted, spike briefly luring "reflexive players" in
[08:35] {Threei} 3. Drop sharply, possible making new low, shake out hopefuls as violently and rudely as possible
[08:36] {Threei} 4. Rally from there as fast as posssible, leaving new believers minimal chance for entry and make them chase.
[08:36] {Threei} 5. Now that credit crisis ceased to be THE worry, start looking for new worries or recycling old ones (USD, oil etc), but do it in a context of new bull market.
[08:38] {Threei} US PRESIDENT BUSH: CONFIDENT IN BIPARTISANSHIP COOPERATION WITH MARKET RESCUE PLAN BILL
[08:40] {magoo} interesting vad
[08:40] {Threei} we will see how it develops... :)
[08:41] {Threei} intuitively, does such scenario ring true with you?
[08:42] {esemde} Old market adage....from stock market almanac...market bottoms are made in quiet....market tops in violence....
[08:42] {esemde} anytruth to that ?
[08:42] {magoo} `absolutely....u thought of it...but thats how i would bet it to play out
[08:42] {magoo} see..market needs to hurt the masses
[08:42] {magoo} your scenario would do that
[08:43] {cosmo} rescue me ...sheesh
[08:43] {esemde} I don't have to think about it.....I just follow Vad blindly...thats my strategy
[08:43] {Threei} lol
[08:51] {esemde} man........just want to sink a couple of thousand shares into a bunch of solar stocks.......ala ESLR, CSIQ{SOLF and a few more and just sit on them
[08:51] {Threei} why solars?
[08:52] {Threei} it's an honest question
[08:52] {esemde} just the ones with good balance sheets.......and because it's the wave of the future
[08:53] {Threei} even with oil dropping (as I believe it will unless rescue package totally kills USD)?
[08:53] {esemde} this last go around has damaged oils reputation.......
[08:54] {esemde} it take a shock in my mind to get populations to think
[08:54] {cosmo} like 'free' energy?
[08:54] {magoo} see..im with vad here..mkt doesn't respond that way...its obvious solars are the future so they remain beaten up
[08:54] {esemde} about half the people on my staff at school are looking for alternative means of transportation
[08:55] {cosmo} thinking is the best way to travel...
[08:55] {esemde} if thats just my staff you gotta figure that could be the same all over......
[08:57] {esemde} this was a shock to people.......and anyone with a reasonable amount of IQ"S will start to think about alternatives
[08:57] {Threei} true
[08:57] {Threei} I just don't know how viable alternatives are at this point
[08:57] {Threei} solars are still unsustainable without govt subcidies
[08:58] {esemde} ala Detroit electric...could be it's time
[08:58] {esemde} i would agree with that vad
[08:59] {esemde} Wind energy ....that another big one....powers about 1/8th of Denmark
[09:00] {esemde} those plants are springing up all over the US and Great Briton now
[09:00] {pita} morning all
[09:00] {esemde} pita
[09:00] {pita} ese
[09:01] {peterg} morning
[09:01] {Threei} pita, peter :)
[09:01] {Threei} replay is working, right?
[09:01] {peterg} interesting hypothesis or vision, vad; sounds right to me
[09:01] {peterg} yes
[09:01] {Threei} :)
[09:01] {peterg} makes sense. Of course just after I parked cash in bond fund
[09:09] {peterg} ese, you got a mac?
[09:09] {peterg} it will worki for room, but not compatible with a lot of trading programs
[09:09] {peterg} I have mac with parallels, a windows simulation & laser dsnt work on it.
[09:09] {cosmo} COMS pre mkt high = 2.39 fwiw
[09:09] {peterg} I think you have another broker so might be fine.
[09:11] {GeoArb} gm
[09:12] {Threei} Geo :)
[09:13] {esemde} hi peter yes
[09:13] {esemde} thats my plan is to run windows on it as well....
[09:14] {esemde} but was thinking of using Boot Camp as oppose to parrelles
[09:15] {esemde} parallels
[09:17] {peterg} that works
[09:17] {esemde} do you like it peter?
[09:18] {peterg} was just thinking where is computer that operates on voice command
[09:18] {peterg} I think after a year with mac, I am still more familiar with windows.
[09:18] {esemde} really....
[09:18] {GeoArb} vad dcc pls...
[09:18] {peterg} My son can rip through problems on mac like nothing Iv ever seen,
[09:18] {Threei} we have testimony by paulson coming
[09:18] {peterg} so I think it is what you are used to.
[09:18] {dptl} good morning all
[09:19] {Threei} dp :)
[09:19] {esemde} i ned it for recording and video editing ...stuff like that
[09:19] {Threei} I believe market will react on the tone of that
[09:19] {Onix} good morning all
[09:19] {peterg} thats all mac ese
[09:19] {esemde} onix
[09:19] {Threei} overall, expecting kind of repeat of yesterday's swampy action
[09:20] {Threei} until and unless something definite appears in rescue plan discussion
[09:20] {Threei} onix :)
[09:20] {peterg} swampy
[09:21] {Threei} geo?
[09:22] {GeoArb} sorry got kicked out
[09:22] {Threei} FRE is creeping toward 1
[09:22] {GeoArb} paged again
[09:23] {dino} gm all
[09:23] {Threei} dino :)
[09:24] {esemde} domino....I mean...dino
[09:24] {esemde} sorry that was Van Morrison......got confused
[09:24] {Threei} why is WM selling into basement?
[09:25] {Threei} hawk, are you out of AIG?
[09:25] {hawkfan4} not 100%
[09:26] {Threei} but protected profits
[09:26] {hawkfan4} definitely, yesterday. just holding some for bigger move
[09:26] {Threei} wtg
[09:27] {Threei} late joiners, please scroll up to the beginning and read my forecast for the market developments
[09:27] {magoo} ok
[09:27] {Threei} will shape up our framework
[09:27] {GeoArb} comon... repost it vad !!!!!
[09:28] {Threei} no... it's a contest of who is lazier
[09:28] {GeoArb} sheesh
[09:28] {Threei} and I never lost such contest
[09:29] {GeoArb} the replay.....
[09:29] {peterg} I win!
[09:29] {fernp} Good morning all
[09:30] {Threei} fern :)
[09:31] {Threei} SENATOR DODD: THE CURRENT PLAN WOULD DO NOTING TO STOP CEOS FROM DUMPING TOXIC ASSETS ON TAXPAYERS
[09:31] {Threei} {XLF}
[09:32] {Threei} wow FRE
[09:32] {Threei} who would have thought this thig was still alive and kicking
[09:32] {esemde} are my quotes wrong.....I have ndx down 65 and comp down 80
[09:32] {Threei} COMP up 14
[09:33] {esemde} thats what my chart looks like
[09:35] {esemde} whats the indu doing vad?
[09:35] {esemde} up or dn
[09:35] {Threei} up
[09:35] {esemde} 16?
[09:35] {magoo} vad..rimm bounce somewwhere
[09:35] {Threei} WM spike
[09:35] {Threei} grrr
[09:36] {Threei} liked 3 break and couldn't find guts to call
[09:36] {magoo} l rimm smalkl .20
[09:37] {Threei} COIN
[09:37] {Threei} late
[09:38] {Threei} don't chase it but of pulls back to/under .50, should be interesating
[09:38] {Threei} spread is wide, try to bid it
[09:40] {Threei} SEN SHELBY: MARKET RESCUE PLAN 'CODIFIES' THE APPROACH IT HAS TAKEN TO RECENT CRISES IN ITS AD HOC MANNER
[09:40] {Threei} I'll need an interpreter for this one
[09:40] {magoo} stopped rim .88
[09:41] {magoo} had .57 missed exit
[09:41] {Threei} WM pullback scalp
[09:41] {dino} fdx sm l .51
[09:41] {Threei} 3.22 long
[09:41] {Threei} if stays above .15
[09:42] {Threei} .14 stop
[09:43] {dino} simply means sen shelby has a dictionary on his desk
[09:43] {magoo} in wm
[09:44] {Onix} in WM @ .22
[09:45] {dino} celg sm l .30
[09:45] {Threei} monsrous move FRE?FNM
[09:46] {Threei} WM stopped
[09:46] {Onix} stopped wm
[09:47] {Threei} REVIEW: JULY HOUSE PRICE INDEX DUE OUT AT 10AMET
[09:47] {Threei} **consensus expectation: -0.2%e v 0.0% prior
[09:48] {magoo} out wm
[09:48] {magoo} gotta be fast today with scalps
[09:49] {Threei} [09:19] {Threei} overall, expecting kind of repeat of yesterday's swampy action
[09:49] {Threei} [09:20] {Threei} until and unless something definite appears in rescue plan discussion
[09:49] {Threei} one correction is probably needed on finnies
[09:49] {Threei} since there are no shorts on them, their pullbacks are deeper than usual
[09:50] {Threei} let's try to do it this way:
[09:50] {Threei} when chart says time to enter, let's wait for one more dump
[09:50] {magoo} u mean we gotta wait until dino runs into restroom?
[09:50] {dino} lol
[09:50] {Threei} too much to consider...
[09:50] {Threei} lol
[09:51] {hawkfan4} lol
[09:51] {Threei} if you took COIN on pullback, stop is under .35
[09:51] {dino} out fdx .91, +.40
[09:52] {Threei} wtg
[10:00] {dino} ty
[10:00] {Threei} SEPT RICHMOND FED MANUFACTURING: -18 V -12E
[10:00] {Threei} yikes
[10:00] {Threei} housing index now
[10:01] {Threei} probably more important to market than manufacturing
[10:01] {Threei} JULY HOUSE PRICE INDEX M/M: -0.6% V -0.2%E
[10:01] {Threei} double yikes
[10:01] {Threei} lol, market got so accustomed to bad news, it doesn't even blink
[10:02] {Threei} let's try and put together list of probable beneficiaries of rescue plan
[10:02] {Threei} my candidates so far are
[10:02] {Threei} FRE/FNM
[10:02] {Threei} AIG
[10:02] {Threei} feel free to add
[10:02] {dino} politicians, investment bankes, ceo's, etc
[10:03] {Threei} oh, of course
[10:03] {Threei} lol
[10:03] {Threei} but we can't buy and sell them for profit
[10:03] {Threei} or can we
[10:03] {GeoArb} its called lobying
[10:03] {dino} politicians maybe
[10:03] {Threei} we have no cause
[10:04] {Threei} we are too lazy
[10:04] {Threei} geo won't even scroll up to read my (brilliant) forecast for the market action
[10:05] {dino} fdx sm l wide .60
[10:05] {Threei} good boy COIN
[10:06] {GeoArb} i did i did
[10:06] {Threei} if you took .52, you are up easy and cool 20 cents
[10:07] {dino} out celg .90, +.50
[10:08] {hawkfan4} nice
[10:09] {Threei} US SEN SCHUMER: RESCUE PACKAGE BILL WILL NOT BE LOADED WITH EXTRAS, AND CONGRESS WILL ACT SOON
[10:10] {Threei} look at friking WM
[10:10] {dino} thx hawk
[10:11] {Threei} dino, you see ENER?
[10:11] {dino} no, but i will
[10:11] {dino} ouch
[10:11] {Threei} along your alley, it seems
[10:11] {dino} gap around 60
[10:14] {Threei} I really hate to say it... but FRE/FNM could be worth a try for more than scalp
[10:15] {Threei} quite sustainable buying
[10:15] {Threei} I don't have reliable read on this kind
[10:15] {Threei} in terms of exact entries
[10:16] {dino} ener v sm l .01, wide risky
[10:19] {Threei} Long Setup: UAUA .27
[10:19] {Threei} stop under .10
[10:21] {dino} out ener 63.03, +1.02 ty 3i
[10:21] {Threei} welcome sir
[10:21] {Threei} had all markings of your kind of play
[10:22] {dino} ffiv spike
[10:22] {magoo} how come only dino allowed to take those??
[10:22] {dino} balls magoo
[10:22] {Threei} sorry ags
[10:22] {Threei} rules are rules
[10:22] {Threei} dino's play is dino's play
[10:22] {GeoArb} hmmm rules on balls
[10:23] {GeoArb} oh ok
[10:23] {dino} lol
[10:24] {Threei} let's trail UAUA stop to .14
[10:25] {Threei} FRE non-stop
[10:26] {Threei} if anyone jumped on it, I'd out here
[10:27] {Threei} sorry for not very specific calls on this kind guys
[10:27] {Threei} I am usually much more precise
[10:27] {Threei} but this kind during this uncertain times makes it more of gut plays than technicals
[10:28] {Threei} trail UAUA to under .20 and look to exit or partial on a spike 'over .40
[10:28] {hawkfan4} have FNM from yesterday .868 {ducks}
[10:28] {Threei} how did I know that...
[10:28] {dino} lol, gj
[10:28] {Threei} you have this streak in you, lol
[10:28] {hawkfan4} :) thx
[10:29] {Threei} UAUA does these disgusting teleportations
[10:29] {Threei} have your order in
[10:29] {Threei} then it can hit it on spike
[10:29] {dino} denny crane
[10:35] {dino} qsii
[10:36] {dino} ener double bottom
[10:37] {dino} v sm l .01 again
[10:39] {GeoArb} whats up with uaua?
[10:39] {GeoArb} all over
[10:39] {Threei} that's how it trades lately
[10:39] {dino} stop to b/e
[10:40] {dino} ener stopped flat
[10:43] {Threei} AIG started the shakeout process
[10:44] {Threei} considering how severe pullbacks are I wouldn't be shocked to see it drpping as far as 5 before recovery
[10:44] {magoo} it would be pretty demoralizing if this mkt goes red
[10:45] {Threei} it can do it easily
[10:45] {Threei} remember, according to my "plan", we are in rinsing stage
[10:45] {Threei} market is more concerned with getting rid of early longs thatn anything else
[10:46] {magoo} what u do? have mkt over for shiskabob and conversation ?
[10:46] {dino} banks losing it
[10:47] {Threei} look at FRE
[10:48] {Threei} quite sever setback
[10:48] {Threei} severe
[10:49] {dino} ensg
[10:53] {peterg} who bought it at .86?
[10:53] {peterg} fess up
[10:53] {peterg} was it me?
[10:53] {peterg} No;
[10:55] {Threei} RIMM
[10:55] {Threei} awww
[10:55] {Threei} late
[10:55] {Threei} 98 break was what I had in mind :(
[10:55] {Chaeron} Good morning all...
[10:55] {Threei} chaeron :)
[10:55] {Chaeron} magoo, you got RIMM in time? Hi Threei
[10:55] {magoo} nah
[10:56] {Threei} gave second chance
[10:56] {dino} ener v sm l .81 risky
[10:56] {Threei} be quick to take profit who got it
[10:59] {Threei} US TSY PAULSON: TREASURY NEEDED THE BAZOOKA IN ORDER TO DEAL WITH FRE AND FNM
[11:00] {Threei} nice imagery
[11:03] {Threei} - Notes the GSE rescue was an example of broad authorities working as they should.
[11:03] {Threei} - these comments were off-script from the text of Paulson's prepared remarks.
[11:04] {Threei} FDIC'S BAIR: BANKING SYSTEM IS DOING 'WELL' DESPITE RECENT TURMOIL
[11:04] {Threei} oh cool
[11:06] {Threei} Ben is speaking now
[11:07] {peterg} what he say?
[11:07] {dino} syut
[11:07] {Threei} ugh... I can't type that fast :)
[11:07] {dino} he says: "baseball been very good to me"
[11:07] {peterg} rofl
[11:08] {dino} old sat. night live
[11:08] {peterg} are our campadres too young to rbr?
[11:08] {peterg} like yesterday
[11:08] {peterg} 4 me
[11:09] {magoo} l aapl small here
[11:12] {dino} ener stopped -.55 v sm
[11:13] {dino} rinsed
[11:14] {magoo} out aapl .85, +51
[11:14] {dino} gj
[11:14] {peterg} tks mags,
[11:15] {magoo} fairly easy
[11:15] {peterg} ..58
[11:15] {magoo} your welcome
[11:17] {peterg} actually, +.68, ty
[11:17] {magoo} beat me
[11:17] {magoo} it went a point from entry
[11:17] {peterg} never
[11:20] {pita} happy hunting - gotta go.......
[11:22] {dino} ensg sm l .45
[11:30] {Threei} ben: I am a college professor, I never worked on Wall Street
[11:30] {dino} ener v sm l .40
[11:30] {Threei} FED CHAIRMAN BERNANKE: MARKETS WOULD DETERIORATE WITHOUT THE ADDITION OF THIS MARKET RESCUE PLAN - Q&A
[11:30] {Threei} - Notes that the size of the plan is necessary in order to be 'adequate' as a resolutuon
[11:30] {Threei} - Says that if the valuation of assets is accurate, then it is possible recover most of the value of assets over a period of time, and the taxpayer should be mostly unharmed
[11:30] {Threei} - Feels that jobs may be lost if the markets do not function properly{
[11:31] {dino} gapping
[11:39] {dino} why the worry about losing steve jobs
[11:41] {magoo} vad, it seems UAUA no longer connected to uso fwiw
[11:42] {magoo} appx .70 cent drop uso with no response
[11:45] {Threei} TREASURY SECRETARY PAULSON: URGING CENTRAL BANKS AROUND THE WORLD TO ADOPT SIMILAR PLANS TO THE US BAILOUT
[11:45] {Threei} yes mags
[11:45] {Threei} more like moving with NQ now
[11:46] {magoo} sorry to wake u up he he
[11:47] {Threei} lol
[11:48] {GeoArb} off to work
[11:48] {GeoArb} cheers
[11:48] {magoo} bye geo
[11:50] {dino} cya geo
[11:55] {Threei} [10:43] {Threei} AIG started the shakeout process
[11:55] {Threei} [10:44] {Threei} considering how severe pullbacks are I wouldn't be shocked to see it drpping as far as 5 before recovery
[11:56] {Threei} how about that?
[11:56] {hawkfan4} great call
[11:57] {Threei} ty
[11:58] {magoo} why didn't u call it short?
[11:58] {dino} ener stopped too hard
[11:59] {Threei} guess why mags
[11:59] {Threei} 3 attempts
[12:01] {dino} spwr spike
[12:02] {Threei} range is defined now, 5 - 5.20
[12:02] {Threei} 5.21 long acordingly... desirably if consolidates a bit tighter so stop would be not that wide
[12:04] {Chaeron} Times Online September 23, 2008 CEO murdered by mob of sacked Indian workers Corporate India is in shock after a mob of sacked workers bludgeoned to death the chief executive who had dismissed them from a factory in a suburb of Delhi.
[12:09] {dino} wow
[12:10] {Threei} is it a sign of things to come?
[12:13] {dino} dogs and cats living together in sin, is the sign
[12:13] {dino} ask ghost busters
[12:15] {Threei} hawk, you are partialling out FRE, right?
[12:15] {hawkfan4} yes, i sold more than half at 1.37
[12:15] {dino} gj
[12:15] {hawkfan4} thx
[12:15] {dino} i still think they wipe out the common
[12:15] {Threei} cool beans
[12:16] {Threei} quite possible dino
[12:16] {Threei} I just don;t think it'll happen nearest days
[12:16] {Threei} they have their hands full
[12:16] {Threei} and FRE/FNM issue ceased to be immediate fire to put out right now
[12:17] {dino} what better time than when you can't short it, but who knows
[12:18] {Threei} yeah, no way I would commit to them for longer timeframe
[12:22] {Threei} WM started its shake
[12:23] {Threei} with this one it's even more dangerous
[12:23] {dino} ener seems to have a range going 590-60.60
[12:23] {Threei} oil is dropping nicely
[12:24] {Threei} what a show it did yesterday on Oct contract
[12:26] {dino} nue sm l .00
[12:37] {Threei} .long rimm 98.10 if stays above 87.90
[12:37] {Threei} 97.90
[12:37] {Threei} Long Setup: RIMM 98.10 if stays above 97.90
[12:37] {Threei} there... got it right
[12:38] {Threei} useless though, invalidated
[12:38] {Threei} becomes a bounce candidate
[12:40] {Threei} mags, ready?
[12:40] {magoo} yes
[12:41] {Threei} quick dive under 97
[12:41] {Chaeron} what's the call???
[12:42] {Threei} or break of .25
[12:42] {Threei} if doesn't lose 97
[12:42] {Threei} but it should
[12:44] {dino} nue stopped -.38
[12:44] {Threei} in
[12:44] {Threei} stop under .80
[12:45] {Threei} 1:1 is easy
[12:45] {Threei} want more though
[12:46] {dino} v sm risky, ener l .02
[12:48] {Threei} offering half RIMM at .55
[12:48] {Threei} getting greedy I guess
[12:50] {Threei} out half
[12:51] {Threei} offering the balance at .95
[12:51] {magoo} out here .78 TY vad
[12:51] {Threei} welcome sir
[12:51] {magoo} i like when u read rimm with me
[12:52] {dino} dxpe
[12:53] {Threei} ah come on... 2 cents shy?? :)
[12:54] {Threei} I take it hearing doesn't go very well for paulson-the-bazooka-carrier?
[12:56] {Threei} +.91 on second half
[12:56] {Threei} was worth the wait
06[12:57] * magoo slaps Threei around a bit with a large trout
[12:57] {Threei} oh great
[12:57] {Threei} I find nice play, give it to him blow by blow, and what do I get in return
[12:57] {Threei} not halibut
[12:57] {Threei} not even salmon
[12:57] {Threei} loausy trout
06[12:58] * Threei is sniffing
[12:58] {magoo} weell..
[12:59] {Threei} US TREASURY'S PAULSON: MONEY MARKET BACKSTOP SHOULD NOT BE PERMANENT
[12:59] {Threei} {FII LM BK}
[12:59] {dino} gj
[12:59] {Threei} no kidding... permanent backstop is not even socialism
[12:59] {Threei} pure highway robbery
[12:59] {dino} out ener slipped .55 +.53
[13:01] {Threei} sharp dive market
[13:01] {Threei} MS
[13:01] {Threei} AIG
[13:01] {Threei} SUSPENDS DIVIDEND ON COMMON STOCK
[13:02] {Threei} MS bounce candidate
[13:03] {Threei} needs more selling for me to feel more confident
[13:06] {dino} fast drop
[13:06] {Threei} that's more like it
[13:06] {Threei} ideally, closer to 25.5
[13:09] {dino} ensg stopped .15, -.30
[13:09] {Threei} not really liking it here
[13:09] {Threei} if it's a bottom, I'll miss it
[13:09] {peterg} ms bounce?
[13:09] {Threei} yeah
[13:11] {Threei} AIG
[13:11] {Threei} NAIC CHIEF: HOLDERS OF AIG POLICIES ARE 'SAFE'
[13:12] {Threei} if I were policy holder, I'd run scared out of my mind after this reas'surance
[13:14] {Threei} LARGE HOLDERS REPORTEDLY EXPECT TO RECEIVE NOTICE ON FINANCIAL POSITION OF COMPANY LATER TODAY - UNCONFIRMED REPORT
[13:14] {Threei} - Reminder there were reports earlier of a meeting of Top holders and the discussion prospects for accepting US Govt deal
[13:17] {magoo} vad, rememnber my comment earlier on going red
[13:18] {magoo} not good here
[13:20] {Threei} you commented anything earlier today?
[13:20] {magoo} sure
[13:20] {Threei} I just wanted to ask whether anyone seen magoo
[13:20] {Threei} rare case when I haven't heard from him throughout the whole day
[13:20] {dino} -4.3% dji since fri high
[13:21] {dino} ilmn sm l .00
[13:22] {peterg} world's biggest idiot, me, made +3.00 on apple short I didn'
[13:23] {peterg} t know I had. Taking day off for zen meditation
[13:23] {Threei} wow
[13:23] {Threei} lol
[13:23] {dino} lol, better lucky than good,
[13:23] {peterg} right, thks
[13:23] {Threei} well, take it as a sign fron high above:
[13:23] {magoo} roflol
[13:23] {Threei} you are supposed to be a trader
[13:23] {Threei} don't fight your destiny
[13:23] {magoo} u should start a trading room for idiots
[13:23] {peterg} I likethat
[13:24] {Chaeron} harsh mags :)
[13:24] {Threei} lord, gave me power to keep silent
[13:24] {Threei} because you know, oh lord, I have so many combcks to that for magoo
[13:25] {Threei} what, no trout? :)
[13:25] {Threei} magoo is not here apparently
[13:25] {Threei} but seriously peter... congratulations
[13:25] {Threei} klittle luck never hurts
[13:26] {dino} luck is a part of it, imo
[13:26] {peterg} thanks--gotta get lunch
[13:29] {Threei} nice bounce MS
[13:29] {Threei} I want a membership in room for idiots
[13:29] {dino} you already are
[13:30] {magoo} u are running the room vad lol
[13:30] {Threei} hehe
[13:30] {Threei} oops... hehe is wrong reaction
[13:31] {Threei} righteous indignation is right one
[13:31] {Threei} and...
06[13:31] * Threei slaps magoo around a bit with a large trout
[13:31] {Threei} wow MS
[13:31] {Threei} what a drop
[13:34] {hawkfan4} Kentucky senator just said that he was frightened to the point of near panic because he doesn't think the plan will work. a real confidence booster
[13:35] {Threei} no kidding
[13:35] {dino} 5%
[13:35] {Threei} he has any thoughts on why it may or may not work, aside of his lack of intestinal fortitude?
[13:36] {dino} the panic is because he's afraid the public will blame him and not vote him back in
[13:37] {Threei} now, that must be a truly scary thought
[13:37] {dino} what will i do, i'm not qualified for anything
[13:38] {Chaeron} run for office
[13:38] {Threei} senator who doesn't want to flip burgers... imagine that
[13:38] {cosmo} maybe he could join our room?
[13:38] {magoo} u idiot cos he he
[13:39] {magoo} when l;aser logs in...lets all call dave an.u guessed it..............IDIOT lol
[13:39] {Threei} not me
[13:40] {Threei} I still haven't gotten a wire from last withdrawal;
[13:40] {Threei} not going to risk it
[13:40] {magoo} oh shit...im the idiot
[13:42] {cosmo} idiots will inherite the earth
[13:43] {cosmo} MNKD may have life still
[13:45] {cosmo} needs to hold 4.60
[13:50] {dino} celg sm l .70
[13:57] {Threei} SPEAKER OF HOUSE PELOSI: MAKING PROGRESS ON THE BAILOUT BILL
[13:57] {Threei} you feel relief?
[13:58] {cosmo} i would never admit to that...
[14:00] {Threei} US HOUSE REPORTEDLY PASSES 312-112 ON CREDIT CARD BILLING RULES OPPOSED BY BUSH ADMINISTATION
[14:00] {Threei} FED BUYS SECURITIES OUTRIGHT TO ADD TO PERMANENT RESERVES
[14:00] {Threei} {TLT}
[14:01] {dino} there's your ppt
[14:01] {dino} they are admitting it
[14:02] {cosmo} they?
[14:02] {Threei} THEY
[14:02] {Threei} AMZN
[14:02] {Threei} HEARING PIPER JAFFRAY MAKING CAUTIOUS COMMENTS (TIMING UNCERTAIN)
[14:02] {Threei} lol
[14:02] {Threei} for how long AMZN exists, Pipr hates then
[14:02] {Threei} them
[14:02] {Threei} always downgrades, wanrs etc
[14:03] {dino} "they", plunge protection team
[14:03] {cosmo} hmm...them
[14:04] {magoo} who???
[14:04] {cosmo} MNKD.... should hold 4.65
[14:04] {Threei} FED'S BERNANKE: US CREDIT RATING IS AFFECTED BY ALL WE DO, UNSURE HOW THE RATING AGENCIES OPERATE
[14:04] {dino} us
[14:04] {cosmo} needs to hold 4.60
[14:05] {Threei} ben's losing it
[14:05] {Threei} ok, can't help it:
[14:05] {Threei} Long Setup: FRE .25 if stays above .20
[14:05] {Threei} NY FED: REPORTEDLY PLANS TO PURCHASE GSE DISCOUNT NOTES TODAY
[14:05] {Threei} {FRE FNM}
[14:06] {dino} call him bernie
[14:06] {Threei} as in "good job bernie"?
[14:07] {dino} more like "weekend at bernie's"
[14:07] {Threei} lol
[14:07] {cosmo} he's a real figure head...
[14:10] {cosmo} bernie, that is...
[14:11] {dino} :)
[14:12] {Threei} NY FED: REPORTEDLY PLANS TO PURCHASE GSE DISCOUNT NOTES TODAY; BUYING AGENCY NOTES MATURING BETWEEN OCT 2008 AND JULY 2009
[14:12] {Threei} - purchases to close at 2:30pmET{FRE FNM}
[14:12] {Threei} I don't know what it means for common, if anything
[14:16] {dino} typically nothing, bondholdeers would own company
[14:17] {Threei} FRE 1;1
[14:17] {dino} bondholders wipe out common, then issue new
[14:34] {Threei} SENATOR DODD: DRAFT LEGISLATION FROM TREASURY IS UNACCEPTIBLE IN CURRENT FORM
[14:34] {Threei} party pooper
[14:34] {magoo} l aa[pl .50
[14:34] {Threei} SENATOR SHELBY: WE WILL NOT RUBBER STAMP THE TREASURY PLAN
[14:38] {dino} l
[14:38] {magoo} out .91 FAST
[14:38] {dino} .
[14:38] {magoo} .
[14:38] {dino} out celg .30, +.70
[14:38] {magoo} am i here??
[14:39] {Threei} ummm
[14:39] {dino} .60 i mean
[14:40] {Threei} .70 was good enough dino
[14:41] {magoo} so mkt should NOT like this correct?
[14:42] {Threei} ?
[14:42] {Threei} do we have a server problem?
[14:42] {magoo} am i here?
[14:42] {Threei} let's see
06[14:42] * Threei slaps magoo around a bit with a large trout
[14:43] {magoo} kkep hearing "disconnected"
[14:44] {Threei} wierd
[14:44] {Threei} onvious problem somewhere, half of the room gone
[14:44] {Threei} and not getting ping response on you
[14:46] {magoo} i keep hearing the room message"disconnected"
[14:46] {Chaeron} .
[14:48] {magoo} yup
[14:49] {Threei} market is spiking
[14:49] {Threei} MS break of .,70 should be good for a scalp
[14:50] {Threei} too deep pullbacl
[14:50] {Threei} bounce candidate rather
[14:50] {peterg} no ping, but here
04[14:51] -} [peterg] PING
[14:51] {Threei} ping replies are very long
[14:51] {peterg} about 3 min disconnect ping
[14:51] {peterg} maybe sniper takes em out one at a time
[14:51] {Threei} [14:46] [magoo PING reply]: 2mins 11secs
[14:52] {peterg} no maybe 13 min no ping
[14:52] {Threei} [14:48] [Chaeron PING reply]: 1min 50secs
[14:52] {Threei} -----------
[14:52] {peterg} 3i, repeat after me: weird, not wierd; weird, not wierd
[14:52] {Threei} lol
[14:53] {Threei} 14:52] [peterg PING reply]: 1min 46secs
[14:54] {peterg} yes, weird
[14:54] {peterg} weirdly long
[14:55] {peterg} any theory?
[14:55] {Threei} server or route somewhere
[15:28] {Threei} sheesh
[15:29] {Threei} got dumped
[15:29] {dino} got booted, anyway out celg +.60 at .30, out ilmn .45, +.45
[15:29] {Threei} gj
[15:32] {Threei} look at ABK from the day when shorts were banned
[15:34] {dino} down, like most banks
[15:34] {GeoArb} anyone else have loging issues?
[15:35] {GeoArb} loking at the numbers i guess yes
[15:35] {Threei} yes geo
[15:36] {dptl} have a good evening all :)
[15:36] {dino} yes geo
[15:37] {Threei} take care dp
[15:37] {GeoArb} just when i was going to short aig 50k shares
[15:37] {Threei} wait till Oct 3
[15:44] {Threei} so far, point 1 of my forecast is being fulfilled
[15:46] {dino} ener approaches lod
[15:46] {Threei} market cascading down
[15:47] {Threei} ummm... can anything cascade up?
[15:49] {Threei} magoo was right on red close... whereever magoo is
[15:50] {Threei} hawk... you holding any of those finnies overnight?
[15:50] {hawkfan4} just a little of aig and fnm, teeny
[15:50] {Threei} OK... as long as they can't hurt you badly
[15:51] {hawkfan4} nah, and i might dump if they drop from here, or after hours
[15:51] {dino} magoo's slacking
[15:51] {Threei} in a strange twist of logic,
[15:51] {Threei} this dump may actuaally help convince lawmakers
[15:53] {Threei} easy force-feedback loop
[15:53] {Threei} package announced, market explodes
[15:53] {Threei} they procrastinate, market dumps
[15:54] {GeoArb} now thats just blackmail
[15:54] {Threei} and you would put it pass whom? :)
[16:00] {Threei} thank you all
[16:01] {Threei} have a good evening, see you tomorrow for the next act of drama
[16:01] {hawkfan4} cya all
[16:03] {dino} thx all, gj
[16:07] {GeoArb} thanks guys I am off
[08:05] {Threei} CNBC'S GASPARINO DISCUSSES ONGOING NEGOTIATIONS AROUND THE TREASURY'S BAILOUT PACKAGE
[08:05] {Threei} - still believes the deal gets done but suggests Treasury will have to continue to make concessions in order to get "Main Street" on board
[08:12] {esemde} good morning vad
[08:13] {Threei} ese :)
[08:13] {hawkfan4} good morning
[08:13] {esemde} mornin hawk
[08:13] {Threei} hawk :)
[08:14] {hawkfan4} es, vad :)
[08:24] {esemde} bought a new laptop yesterday.....macbookpro....should eventually solve my computor problems around here once i learn to use it Vad
[08:24] {Threei} Mac?
[08:24] {esemde} yes
[08:24] {Threei} never used any of those
[08:24] {Threei} I am PC guy... :)
[08:24] {esemde} me either
[08:25] {esemde} but have to because just about the entire recording industry are using them
[08:26] {Threei} oh, I see
[08:26] {esemde} steep learning curve coming
[08:27] {esemde} I had the oddest thought the other day while on the golf course
[08:28] {esemde} was thursty...and so started thinking about dp's gift to you....
[08:28] {Threei} rofl
[08:28] {esemde} might be the funniest thing i've ever seen
[08:29] {magoo} morning
[08:29] {Threei} magoo :)
[08:29] {esemde} mags!!!!!
[08:30] {magoo} oh oh...too much cafe"
[08:34] {Threei} let me describe how I see the current situation in the market and my idea of what is coming
[08:34] {Threei} I believe the market is working the process of bottoming these days. Bottom, however, is a process rather than event.
[08:34] {Threei} In last week's explosion market kind of showed its hand - made it too obvious that rescue plan is what it wants to put the bottom in and reverse.
[08:35] {Threei} Things can't be that obvious and easy - market is always trying to go with as few people on board as possible.
[08:35] {Threei} When I ask myself "if I were a market, what would I do to fool those who decided they figured me out?", my scenario comes out as following:
[08:35] {Threei} 1. While the rescue plan is being discussed, retreat and plant as much doubt as possible
[08:35] {Threei} 2. When the plan is adopted, spike briefly luring "reflexive players" in
[08:35] {Threei} 3. Drop sharply, possible making new low, shake out hopefuls as violently and rudely as possible
[08:36] {Threei} 4. Rally from there as fast as posssible, leaving new believers minimal chance for entry and make them chase.
[08:36] {Threei} 5. Now that credit crisis ceased to be THE worry, start looking for new worries or recycling old ones (USD, oil etc), but do it in a context of new bull market.
[08:38] {Threei} US PRESIDENT BUSH: CONFIDENT IN BIPARTISANSHIP COOPERATION WITH MARKET RESCUE PLAN BILL
[08:40] {magoo} interesting vad
[08:40] {Threei} we will see how it develops... :)
[08:41] {Threei} intuitively, does such scenario ring true with you?
[08:42] {esemde} Old market adage....from stock market almanac...market bottoms are made in quiet....market tops in violence....
[08:42] {esemde} anytruth to that ?
[08:42] {magoo} `absolutely....u thought of it...but thats how i would bet it to play out
[08:42] {magoo} see..market needs to hurt the masses
[08:42] {magoo} your scenario would do that
[08:43] {cosmo} rescue me ...sheesh
[08:43] {esemde} I don't have to think about it.....I just follow Vad blindly...thats my strategy
[08:43] {Threei} lol
[08:51] {esemde} man........just want to sink a couple of thousand shares into a bunch of solar stocks.......ala ESLR, CSIQ{SOLF and a few more and just sit on them
[08:51] {Threei} why solars?
[08:52] {Threei} it's an honest question
[08:52] {esemde} just the ones with good balance sheets.......and because it's the wave of the future
[08:53] {Threei} even with oil dropping (as I believe it will unless rescue package totally kills USD)?
[08:53] {esemde} this last go around has damaged oils reputation.......
[08:54] {esemde} it take a shock in my mind to get populations to think
[08:54] {cosmo} like 'free' energy?
[08:54] {magoo} see..im with vad here..mkt doesn't respond that way...its obvious solars are the future so they remain beaten up
[08:54] {esemde} about half the people on my staff at school are looking for alternative means of transportation
[08:55] {cosmo} thinking is the best way to travel...
[08:55] {esemde} if thats just my staff you gotta figure that could be the same all over......
[08:57] {esemde} this was a shock to people.......and anyone with a reasonable amount of IQ"S will start to think about alternatives
[08:57] {Threei} true
[08:57] {Threei} I just don't know how viable alternatives are at this point
[08:57] {Threei} solars are still unsustainable without govt subcidies
[08:58] {esemde} ala Detroit electric...could be it's time
[08:58] {esemde} i would agree with that vad
[08:59] {esemde} Wind energy ....that another big one....powers about 1/8th of Denmark
[09:00] {esemde} those plants are springing up all over the US and Great Briton now
[09:00] {pita} morning all
[09:00] {esemde} pita
[09:00] {pita} ese
[09:01] {peterg} morning
[09:01] {Threei} pita, peter :)
[09:01] {Threei} replay is working, right?
[09:01] {peterg} interesting hypothesis or vision, vad; sounds right to me
[09:01] {peterg} yes
[09:01] {Threei} :)
[09:01] {peterg} makes sense. Of course just after I parked cash in bond fund
[09:09] {peterg} ese, you got a mac?
[09:09] {peterg} it will worki for room, but not compatible with a lot of trading programs
[09:09] {peterg} I have mac with parallels, a windows simulation & laser dsnt work on it.
[09:09] {cosmo} COMS pre mkt high = 2.39 fwiw
[09:09] {peterg} I think you have another broker so might be fine.
[09:11] {GeoArb} gm
[09:12] {Threei} Geo :)
[09:13] {esemde} hi peter yes
[09:13] {esemde} thats my plan is to run windows on it as well....
[09:14] {esemde} but was thinking of using Boot Camp as oppose to parrelles
[09:15] {esemde} parallels
[09:17] {peterg} that works
[09:17] {esemde} do you like it peter?
[09:18] {peterg} was just thinking where is computer that operates on voice command
[09:18] {peterg} I think after a year with mac, I am still more familiar with windows.
[09:18] {esemde} really....
[09:18] {GeoArb} vad dcc pls...
[09:18] {peterg} My son can rip through problems on mac like nothing Iv ever seen,
[09:18] {Threei} we have testimony by paulson coming
[09:18] {peterg} so I think it is what you are used to.
[09:18] {dptl} good morning all
[09:19] {Threei} dp :)
[09:19] {esemde} i ned it for recording and video editing ...stuff like that
[09:19] {Threei} I believe market will react on the tone of that
[09:19] {Onix} good morning all
[09:19] {peterg} thats all mac ese
[09:19] {esemde} onix
[09:19] {Threei} overall, expecting kind of repeat of yesterday's swampy action
[09:20] {Threei} until and unless something definite appears in rescue plan discussion
[09:20] {Threei} onix :)
[09:20] {peterg} swampy
[09:21] {Threei} geo?
[09:22] {GeoArb} sorry got kicked out
[09:22] {Threei} FRE is creeping toward 1
[09:22] {GeoArb} paged again
[09:23] {dino} gm all
[09:23] {Threei} dino :)
[09:24] {esemde} domino....I mean...dino
[09:24] {esemde} sorry that was Van Morrison......got confused
[09:24] {Threei} why is WM selling into basement?
[09:25] {Threei} hawk, are you out of AIG?
[09:25] {hawkfan4} not 100%
[09:26] {Threei} but protected profits
[09:26] {hawkfan4} definitely, yesterday. just holding some for bigger move
[09:26] {Threei} wtg
[09:27] {Threei} late joiners, please scroll up to the beginning and read my forecast for the market developments
[09:27] {magoo} ok
[09:27] {Threei} will shape up our framework
[09:27] {GeoArb} comon... repost it vad !!!!!
[09:28] {Threei} no... it's a contest of who is lazier
[09:28] {GeoArb} sheesh
[09:28] {Threei} and I never lost such contest
[09:29] {GeoArb} the replay.....
[09:29] {peterg} I win!
[09:29] {fernp} Good morning all
[09:30] {Threei} fern :)
[09:31] {Threei} SENATOR DODD: THE CURRENT PLAN WOULD DO NOTING TO STOP CEOS FROM DUMPING TOXIC ASSETS ON TAXPAYERS
[09:31] {Threei} {XLF}
[09:32] {Threei} wow FRE
[09:32] {Threei} who would have thought this thig was still alive and kicking
[09:32] {esemde} are my quotes wrong.....I have ndx down 65 and comp down 80
[09:32] {Threei} COMP up 14
[09:33] {esemde} thats what my chart looks like
[09:35] {esemde} whats the indu doing vad?
[09:35] {esemde} up or dn
[09:35] {Threei} up
[09:35] {esemde} 16?
[09:35] {magoo} vad..rimm bounce somewwhere
[09:35] {Threei} WM spike
[09:35] {Threei} grrr
[09:36] {Threei} liked 3 break and couldn't find guts to call
[09:36] {magoo} l rimm smalkl .20
[09:37] {Threei} COIN
[09:37] {Threei} late
[09:38] {Threei} don't chase it but of pulls back to/under .50, should be interesating
[09:38] {Threei} spread is wide, try to bid it
[09:40] {Threei} SEN SHELBY: MARKET RESCUE PLAN 'CODIFIES' THE APPROACH IT HAS TAKEN TO RECENT CRISES IN ITS AD HOC MANNER
[09:40] {Threei} I'll need an interpreter for this one
[09:40] {magoo} stopped rim .88
[09:41] {magoo} had .57 missed exit
[09:41] {Threei} WM pullback scalp
[09:41] {dino} fdx sm l .51
[09:41] {Threei} 3.22 long
[09:41] {Threei} if stays above .15
[09:42] {Threei} .14 stop
[09:43] {dino} simply means sen shelby has a dictionary on his desk
[09:43] {magoo} in wm
[09:44] {Onix} in WM @ .22
[09:45] {dino} celg sm l .30
[09:45] {Threei} monsrous move FRE?FNM
[09:46] {Threei} WM stopped
[09:46] {Onix} stopped wm
[09:47] {Threei} REVIEW: JULY HOUSE PRICE INDEX DUE OUT AT 10AMET
[09:47] {Threei} **consensus expectation: -0.2%e v 0.0% prior
[09:48] {magoo} out wm
[09:48] {magoo} gotta be fast today with scalps
[09:49] {Threei} [09:19] {Threei} overall, expecting kind of repeat of yesterday's swampy action
[09:49] {Threei} [09:20] {Threei} until and unless something definite appears in rescue plan discussion
[09:49] {Threei} one correction is probably needed on finnies
[09:49] {Threei} since there are no shorts on them, their pullbacks are deeper than usual
[09:50] {Threei} let's try to do it this way:
[09:50] {Threei} when chart says time to enter, let's wait for one more dump
[09:50] {magoo} u mean we gotta wait until dino runs into restroom?
[09:50] {dino} lol
[09:50] {Threei} too much to consider...
[09:50] {Threei} lol
[09:51] {hawkfan4} lol
[09:51] {Threei} if you took COIN on pullback, stop is under .35
[09:51] {dino} out fdx .91, +.40
[09:52] {Threei} wtg
[10:00] {dino} ty
[10:00] {Threei} SEPT RICHMOND FED MANUFACTURING: -18 V -12E
[10:00] {Threei} yikes
[10:00] {Threei} housing index now
[10:01] {Threei} probably more important to market than manufacturing
[10:01] {Threei} JULY HOUSE PRICE INDEX M/M: -0.6% V -0.2%E
[10:01] {Threei} double yikes
[10:01] {Threei} lol, market got so accustomed to bad news, it doesn't even blink
[10:02] {Threei} let's try and put together list of probable beneficiaries of rescue plan
[10:02] {Threei} my candidates so far are
[10:02] {Threei} FRE/FNM
[10:02] {Threei} AIG
[10:02] {Threei} feel free to add
[10:02] {dino} politicians, investment bankes, ceo's, etc
[10:03] {Threei} oh, of course
[10:03] {Threei} lol
[10:03] {Threei} but we can't buy and sell them for profit
[10:03] {Threei} or can we
[10:03] {GeoArb} its called lobying
[10:03] {dino} politicians maybe
[10:03] {Threei} we have no cause
[10:04] {Threei} we are too lazy
[10:04] {Threei} geo won't even scroll up to read my (brilliant) forecast for the market action
[10:05] {dino} fdx sm l wide .60
[10:05] {Threei} good boy COIN
[10:06] {GeoArb} i did i did
[10:06] {Threei} if you took .52, you are up easy and cool 20 cents
[10:07] {dino} out celg .90, +.50
[10:08] {hawkfan4} nice
[10:09] {Threei} US SEN SCHUMER: RESCUE PACKAGE BILL WILL NOT BE LOADED WITH EXTRAS, AND CONGRESS WILL ACT SOON
[10:10] {Threei} look at friking WM
[10:10] {dino} thx hawk
[10:11] {Threei} dino, you see ENER?
[10:11] {dino} no, but i will
[10:11] {dino} ouch
[10:11] {Threei} along your alley, it seems
[10:11] {dino} gap around 60
[10:14] {Threei} I really hate to say it... but FRE/FNM could be worth a try for more than scalp
[10:15] {Threei} quite sustainable buying
[10:15] {Threei} I don't have reliable read on this kind
[10:15] {Threei} in terms of exact entries
[10:16] {dino} ener v sm l .01, wide risky
[10:19] {Threei} Long Setup: UAUA .27
[10:19] {Threei} stop under .10
[10:21] {dino} out ener 63.03, +1.02 ty 3i
[10:21] {Threei} welcome sir
[10:21] {Threei} had all markings of your kind of play
[10:22] {dino} ffiv spike
[10:22] {magoo} how come only dino allowed to take those??
[10:22] {dino} balls magoo
[10:22] {Threei} sorry ags
[10:22] {Threei} rules are rules
[10:22] {Threei} dino's play is dino's play
[10:22] {GeoArb} hmmm rules on balls
[10:23] {GeoArb} oh ok
[10:23] {dino} lol
[10:24] {Threei} let's trail UAUA stop to .14
[10:25] {Threei} FRE non-stop
[10:26] {Threei} if anyone jumped on it, I'd out here
[10:27] {Threei} sorry for not very specific calls on this kind guys
[10:27] {Threei} I am usually much more precise
[10:27] {Threei} but this kind during this uncertain times makes it more of gut plays than technicals
[10:28] {Threei} trail UAUA to under .20 and look to exit or partial on a spike 'over .40
[10:28] {hawkfan4} have FNM from yesterday .868 {ducks}
[10:28] {Threei} how did I know that...
[10:28] {dino} lol, gj
[10:28] {Threei} you have this streak in you, lol
[10:28] {hawkfan4} :) thx
[10:29] {Threei} UAUA does these disgusting teleportations
[10:29] {Threei} have your order in
[10:29] {Threei} then it can hit it on spike
[10:29] {dino} denny crane
[10:35] {dino} qsii
[10:36] {dino} ener double bottom
[10:37] {dino} v sm l .01 again
[10:39] {GeoArb} whats up with uaua?
[10:39] {GeoArb} all over
[10:39] {Threei} that's how it trades lately
[10:39] {dino} stop to b/e
[10:40] {dino} ener stopped flat
[10:43] {Threei} AIG started the shakeout process
[10:44] {Threei} considering how severe pullbacks are I wouldn't be shocked to see it drpping as far as 5 before recovery
[10:44] {magoo} it would be pretty demoralizing if this mkt goes red
[10:45] {Threei} it can do it easily
[10:45] {Threei} remember, according to my "plan", we are in rinsing stage
[10:45] {Threei} market is more concerned with getting rid of early longs thatn anything else
[10:46] {magoo} what u do? have mkt over for shiskabob and conversation ?
[10:46] {dino} banks losing it
[10:47] {Threei} look at FRE
[10:48] {Threei} quite sever setback
[10:48] {Threei} severe
[10:49] {dino} ensg
[10:53] {peterg} who bought it at .86?
[10:53] {peterg} fess up
[10:53] {peterg} was it me?
[10:53] {peterg} No;
[10:55] {Threei} RIMM
[10:55] {Threei} awww
[10:55] {Threei} late
[10:55] {Threei} 98 break was what I had in mind :(
[10:55] {Chaeron} Good morning all...
[10:55] {Threei} chaeron :)
[10:55] {Chaeron} magoo, you got RIMM in time? Hi Threei
[10:55] {magoo} nah
[10:56] {Threei} gave second chance
[10:56] {dino} ener v sm l .81 risky
[10:56] {Threei} be quick to take profit who got it
[10:59] {Threei} US TSY PAULSON: TREASURY NEEDED THE BAZOOKA IN ORDER TO DEAL WITH FRE AND FNM
[11:00] {Threei} nice imagery
[11:03] {Threei} - Notes the GSE rescue was an example of broad authorities working as they should.
[11:03] {Threei} - these comments were off-script from the text of Paulson's prepared remarks.
[11:04] {Threei} FDIC'S BAIR: BANKING SYSTEM IS DOING 'WELL' DESPITE RECENT TURMOIL
[11:04] {Threei} oh cool
[11:06] {Threei} Ben is speaking now
[11:07] {peterg} what he say?
[11:07] {dino} syut
[11:07] {Threei} ugh... I can't type that fast :)
[11:07] {dino} he says: "baseball been very good to me"
[11:07] {peterg} rofl
[11:08] {dino} old sat. night live
[11:08] {peterg} are our campadres too young to rbr?
[11:08] {peterg} like yesterday
[11:08] {peterg} 4 me
[11:09] {magoo} l aapl small here
[11:12] {dino} ener stopped -.55 v sm
[11:13] {dino} rinsed
[11:14] {magoo} out aapl .85, +51
[11:14] {dino} gj
[11:14] {peterg} tks mags,
[11:15] {magoo} fairly easy
[11:15] {peterg} ..58
[11:15] {magoo} your welcome
[11:17] {peterg} actually, +.68, ty
[11:17] {magoo} beat me
[11:17] {magoo} it went a point from entry
[11:17] {peterg} never
[11:20] {pita} happy hunting - gotta go.......
[11:22] {dino} ensg sm l .45
[11:30] {Threei} ben: I am a college professor, I never worked on Wall Street
[11:30] {dino} ener v sm l .40
[11:30] {Threei} FED CHAIRMAN BERNANKE: MARKETS WOULD DETERIORATE WITHOUT THE ADDITION OF THIS MARKET RESCUE PLAN - Q&A
[11:30] {Threei} - Notes that the size of the plan is necessary in order to be 'adequate' as a resolutuon
[11:30] {Threei} - Says that if the valuation of assets is accurate, then it is possible recover most of the value of assets over a period of time, and the taxpayer should be mostly unharmed
[11:30] {Threei} - Feels that jobs may be lost if the markets do not function properly{
[11:31] {dino} gapping
[11:39] {dino} why the worry about losing steve jobs
[11:41] {magoo} vad, it seems UAUA no longer connected to uso fwiw
[11:42] {magoo} appx .70 cent drop uso with no response
[11:45] {Threei} TREASURY SECRETARY PAULSON: URGING CENTRAL BANKS AROUND THE WORLD TO ADOPT SIMILAR PLANS TO THE US BAILOUT
[11:45] {Threei} yes mags
[11:45] {Threei} more like moving with NQ now
[11:46] {magoo} sorry to wake u up he he
[11:47] {Threei} lol
[11:48] {GeoArb} off to work
[11:48] {GeoArb} cheers
[11:48] {magoo} bye geo
[11:50] {dino} cya geo
[11:55] {Threei} [10:43] {Threei} AIG started the shakeout process
[11:55] {Threei} [10:44] {Threei} considering how severe pullbacks are I wouldn't be shocked to see it drpping as far as 5 before recovery
[11:56] {Threei} how about that?
[11:56] {hawkfan4} great call
[11:57] {Threei} ty
[11:58] {magoo} why didn't u call it short?
[11:58] {dino} ener stopped too hard
[11:59] {Threei} guess why mags
[11:59] {Threei} 3 attempts
[12:01] {dino} spwr spike
[12:02] {Threei} range is defined now, 5 - 5.20
[12:02] {Threei} 5.21 long acordingly... desirably if consolidates a bit tighter so stop would be not that wide
[12:04] {Chaeron} Times Online September 23, 2008 CEO murdered by mob of sacked Indian workers Corporate India is in shock after a mob of sacked workers bludgeoned to death the chief executive who had dismissed them from a factory in a suburb of Delhi.
[12:09] {dino} wow
[12:10] {Threei} is it a sign of things to come?
[12:13] {dino} dogs and cats living together in sin, is the sign
[12:13] {dino} ask ghost busters
[12:15] {Threei} hawk, you are partialling out FRE, right?
[12:15] {hawkfan4} yes, i sold more than half at 1.37
[12:15] {dino} gj
[12:15] {hawkfan4} thx
[12:15] {dino} i still think they wipe out the common
[12:15] {Threei} cool beans
[12:16] {Threei} quite possible dino
[12:16] {Threei} I just don;t think it'll happen nearest days
[12:16] {Threei} they have their hands full
[12:16] {Threei} and FRE/FNM issue ceased to be immediate fire to put out right now
[12:17] {dino} what better time than when you can't short it, but who knows
[12:18] {Threei} yeah, no way I would commit to them for longer timeframe
[12:22] {Threei} WM started its shake
[12:23] {Threei} with this one it's even more dangerous
[12:23] {dino} ener seems to have a range going 590-60.60
[12:23] {Threei} oil is dropping nicely
[12:24] {Threei} what a show it did yesterday on Oct contract
[12:26] {dino} nue sm l .00
[12:37] {Threei} .long rimm 98.10 if stays above 87.90
[12:37] {Threei} 97.90
[12:37] {Threei} Long Setup: RIMM 98.10 if stays above 97.90
[12:37] {Threei} there... got it right
[12:38] {Threei} useless though, invalidated
[12:38] {Threei} becomes a bounce candidate
[12:40] {Threei} mags, ready?
[12:40] {magoo} yes
[12:41] {Threei} quick dive under 97
[12:41] {Chaeron} what's the call???
[12:42] {Threei} or break of .25
[12:42] {Threei} if doesn't lose 97
[12:42] {Threei} but it should
[12:44] {dino} nue stopped -.38
[12:44] {Threei} in
[12:44] {Threei} stop under .80
[12:45] {Threei} 1:1 is easy
[12:45] {Threei} want more though
[12:46] {dino} v sm risky, ener l .02
[12:48] {Threei} offering half RIMM at .55
[12:48] {Threei} getting greedy I guess
[12:50] {Threei} out half
[12:51] {Threei} offering the balance at .95
[12:51] {magoo} out here .78 TY vad
[12:51] {Threei} welcome sir
[12:51] {magoo} i like when u read rimm with me
[12:52] {dino} dxpe
[12:53] {Threei} ah come on... 2 cents shy?? :)
[12:54] {Threei} I take it hearing doesn't go very well for paulson-the-bazooka-carrier?
[12:56] {Threei} +.91 on second half
[12:56] {Threei} was worth the wait
06[12:57] * magoo slaps Threei around a bit with a large trout
[12:57] {Threei} oh great
[12:57] {Threei} I find nice play, give it to him blow by blow, and what do I get in return
[12:57] {Threei} not halibut
[12:57] {Threei} not even salmon
[12:57] {Threei} loausy trout
06[12:58] * Threei is sniffing
[12:58] {magoo} weell..
[12:59] {Threei} US TREASURY'S PAULSON: MONEY MARKET BACKSTOP SHOULD NOT BE PERMANENT
[12:59] {Threei} {FII LM BK}
[12:59] {dino} gj
[12:59] {Threei} no kidding... permanent backstop is not even socialism
[12:59] {Threei} pure highway robbery
[12:59] {dino} out ener slipped .55 +.53
[13:01] {Threei} sharp dive market
[13:01] {Threei} MS
[13:01] {Threei} AIG
[13:01] {Threei} SUSPENDS DIVIDEND ON COMMON STOCK
[13:02] {Threei} MS bounce candidate
[13:03] {Threei} needs more selling for me to feel more confident
[13:06] {dino} fast drop
[13:06] {Threei} that's more like it
[13:06] {Threei} ideally, closer to 25.5
[13:09] {dino} ensg stopped .15, -.30
[13:09] {Threei} not really liking it here
[13:09] {Threei} if it's a bottom, I'll miss it
[13:09] {peterg} ms bounce?
[13:09] {Threei} yeah
[13:11] {Threei} AIG
[13:11] {Threei} NAIC CHIEF: HOLDERS OF AIG POLICIES ARE 'SAFE'
[13:12] {Threei} if I were policy holder, I'd run scared out of my mind after this reas'surance
[13:14] {Threei} LARGE HOLDERS REPORTEDLY EXPECT TO RECEIVE NOTICE ON FINANCIAL POSITION OF COMPANY LATER TODAY - UNCONFIRMED REPORT
[13:14] {Threei} - Reminder there were reports earlier of a meeting of Top holders and the discussion prospects for accepting US Govt deal
[13:17] {magoo} vad, rememnber my comment earlier on going red
[13:18] {magoo} not good here
[13:20] {Threei} you commented anything earlier today?
[13:20] {magoo} sure
[13:20] {Threei} I just wanted to ask whether anyone seen magoo
[13:20] {Threei} rare case when I haven't heard from him throughout the whole day
[13:20] {dino} -4.3% dji since fri high
[13:21] {dino} ilmn sm l .00
[13:22] {peterg} world's biggest idiot, me, made +3.00 on apple short I didn'
[13:23] {peterg} t know I had. Taking day off for zen meditation
[13:23] {Threei} wow
[13:23] {Threei} lol
[13:23] {dino} lol, better lucky than good,
[13:23] {peterg} right, thks
[13:23] {Threei} well, take it as a sign fron high above:
[13:23] {magoo} roflol
[13:23] {Threei} you are supposed to be a trader
[13:23] {Threei} don't fight your destiny
[13:23] {magoo} u should start a trading room for idiots
[13:23] {peterg} I likethat
[13:24] {Chaeron} harsh mags :)
[13:24] {Threei} lord, gave me power to keep silent
[13:24] {Threei} because you know, oh lord, I have so many combcks to that for magoo
[13:25] {Threei} what, no trout? :)
[13:25] {Threei} magoo is not here apparently
[13:25] {Threei} but seriously peter... congratulations
[13:25] {Threei} klittle luck never hurts
[13:26] {dino} luck is a part of it, imo
[13:26] {peterg} thanks--gotta get lunch
[13:29] {Threei} nice bounce MS
[13:29] {Threei} I want a membership in room for idiots
[13:29] {dino} you already are
[13:30] {magoo} u are running the room vad lol
[13:30] {Threei} hehe
[13:30] {Threei} oops... hehe is wrong reaction
[13:31] {Threei} righteous indignation is right one
[13:31] {Threei} and...
06[13:31] * Threei slaps magoo around a bit with a large trout
[13:31] {Threei} wow MS
[13:31] {Threei} what a drop
[13:34] {hawkfan4} Kentucky senator just said that he was frightened to the point of near panic because he doesn't think the plan will work. a real confidence booster
[13:35] {Threei} no kidding
[13:35] {dino} 5%
[13:35] {Threei} he has any thoughts on why it may or may not work, aside of his lack of intestinal fortitude?
[13:36] {dino} the panic is because he's afraid the public will blame him and not vote him back in
[13:37] {Threei} now, that must be a truly scary thought
[13:37] {dino} what will i do, i'm not qualified for anything
[13:38] {Chaeron} run for office
[13:38] {Threei} senator who doesn't want to flip burgers... imagine that
[13:38] {cosmo} maybe he could join our room?
[13:38] {magoo} u idiot cos he he
[13:39] {magoo} when l;aser logs in...lets all call dave an.u guessed it..............IDIOT lol
[13:39] {Threei} not me
[13:40] {Threei} I still haven't gotten a wire from last withdrawal;
[13:40] {Threei} not going to risk it
[13:40] {magoo} oh shit...im the idiot
[13:42] {cosmo} idiots will inherite the earth
[13:43] {cosmo} MNKD may have life still
[13:45] {cosmo} needs to hold 4.60
[13:50] {dino} celg sm l .70
[13:57] {Threei} SPEAKER OF HOUSE PELOSI: MAKING PROGRESS ON THE BAILOUT BILL
[13:57] {Threei} you feel relief?
[13:58] {cosmo} i would never admit to that...
[14:00] {Threei} US HOUSE REPORTEDLY PASSES 312-112 ON CREDIT CARD BILLING RULES OPPOSED BY BUSH ADMINISTATION
[14:00] {Threei} FED BUYS SECURITIES OUTRIGHT TO ADD TO PERMANENT RESERVES
[14:00] {Threei} {TLT}
[14:01] {dino} there's your ppt
[14:01] {dino} they are admitting it
[14:02] {cosmo} they?
[14:02] {Threei} THEY
[14:02] {Threei} AMZN
[14:02] {Threei} HEARING PIPER JAFFRAY MAKING CAUTIOUS COMMENTS (TIMING UNCERTAIN)
[14:02] {Threei} lol
[14:02] {Threei} for how long AMZN exists, Pipr hates then
[14:02] {Threei} them
[14:02] {Threei} always downgrades, wanrs etc
[14:03] {dino} "they", plunge protection team
[14:03] {cosmo} hmm...them
[14:04] {magoo} who???
[14:04] {cosmo} MNKD.... should hold 4.65
[14:04] {Threei} FED'S BERNANKE: US CREDIT RATING IS AFFECTED BY ALL WE DO, UNSURE HOW THE RATING AGENCIES OPERATE
[14:04] {dino} us
[14:04] {cosmo} needs to hold 4.60
[14:05] {Threei} ben's losing it
[14:05] {Threei} ok, can't help it:
[14:05] {Threei} Long Setup: FRE .25 if stays above .20
[14:05] {Threei} NY FED: REPORTEDLY PLANS TO PURCHASE GSE DISCOUNT NOTES TODAY
[14:05] {Threei} {FRE FNM}
[14:06] {dino} call him bernie
[14:06] {Threei} as in "good job bernie"?
[14:07] {dino} more like "weekend at bernie's"
[14:07] {Threei} lol
[14:07] {cosmo} he's a real figure head...
[14:10] {cosmo} bernie, that is...
[14:11] {dino} :)
[14:12] {Threei} NY FED: REPORTEDLY PLANS TO PURCHASE GSE DISCOUNT NOTES TODAY; BUYING AGENCY NOTES MATURING BETWEEN OCT 2008 AND JULY 2009
[14:12] {Threei} - purchases to close at 2:30pmET{FRE FNM}
[14:12] {Threei} I don't know what it means for common, if anything
[14:16] {dino} typically nothing, bondholdeers would own company
[14:17] {Threei} FRE 1;1
[14:17] {dino} bondholders wipe out common, then issue new
[14:34] {Threei} SENATOR DODD: DRAFT LEGISLATION FROM TREASURY IS UNACCEPTIBLE IN CURRENT FORM
[14:34] {Threei} party pooper
[14:34] {magoo} l aa[pl .50
[14:34] {Threei} SENATOR SHELBY: WE WILL NOT RUBBER STAMP THE TREASURY PLAN
[14:38] {dino} l
[14:38] {magoo} out .91 FAST
[14:38] {dino} .
[14:38] {magoo} .
[14:38] {dino} out celg .30, +.70
[14:38] {magoo} am i here??
[14:39] {Threei} ummm
[14:39] {dino} .60 i mean
[14:40] {Threei} .70 was good enough dino
[14:41] {magoo} so mkt should NOT like this correct?
[14:42] {Threei} ?
[14:42] {Threei} do we have a server problem?
[14:42] {magoo} am i here?
[14:42] {Threei} let's see
06[14:42] * Threei slaps magoo around a bit with a large trout
[14:43] {magoo} kkep hearing "disconnected"
[14:44] {Threei} wierd
[14:44] {Threei} onvious problem somewhere, half of the room gone
[14:44] {Threei} and not getting ping response on you
[14:46] {magoo} i keep hearing the room message"disconnected"
[14:46] {Chaeron} .
[14:48] {magoo} yup
[14:49] {Threei} market is spiking
[14:49] {Threei} MS break of .,70 should be good for a scalp
[14:50] {Threei} too deep pullbacl
[14:50] {Threei} bounce candidate rather
[14:50] {peterg} no ping, but here
04[14:51] -} [peterg] PING
[14:51] {Threei} ping replies are very long
[14:51] {peterg} about 3 min disconnect ping
[14:51] {peterg} maybe sniper takes em out one at a time
[14:51] {Threei} [14:46] [magoo PING reply]: 2mins 11secs
[14:52] {peterg} no maybe 13 min no ping
[14:52] {Threei} [14:48] [Chaeron PING reply]: 1min 50secs
[14:52] {Threei} -----------
[14:52] {peterg} 3i, repeat after me: weird, not wierd; weird, not wierd
[14:52] {Threei} lol
[14:53] {Threei} 14:52] [peterg PING reply]: 1min 46secs
[14:54] {peterg} yes, weird
[14:54] {peterg} weirdly long
[14:55] {peterg} any theory?
[14:55] {Threei} server or route somewhere
[15:28] {Threei} sheesh
[15:29] {Threei} got dumped
[15:29] {dino} got booted, anyway out celg +.60 at .30, out ilmn .45, +.45
[15:29] {Threei} gj
[15:32] {Threei} look at ABK from the day when shorts were banned
[15:34] {dino} down, like most banks
[15:34] {GeoArb} anyone else have loging issues?
[15:35] {GeoArb} loking at the numbers i guess yes
[15:35] {Threei} yes geo
[15:36] {dptl} have a good evening all :)
[15:36] {dino} yes geo
[15:37] {Threei} take care dp
[15:37] {GeoArb} just when i was going to short aig 50k shares
[15:37] {Threei} wait till Oct 3
[15:44] {Threei} so far, point 1 of my forecast is being fulfilled
[15:46] {dino} ener approaches lod
[15:46] {Threei} market cascading down
[15:47] {Threei} ummm... can anything cascade up?
[15:49] {Threei} magoo was right on red close... whereever magoo is
[15:50] {Threei} hawk... you holding any of those finnies overnight?
[15:50] {hawkfan4} just a little of aig and fnm, teeny
[15:50] {Threei} OK... as long as they can't hurt you badly
[15:51] {hawkfan4} nah, and i might dump if they drop from here, or after hours
[15:51] {dino} magoo's slacking
[15:51] {Threei} in a strange twist of logic,
[15:51] {Threei} this dump may actuaally help convince lawmakers
[15:53] {Threei} easy force-feedback loop
[15:53] {Threei} package announced, market explodes
[15:53] {Threei} they procrastinate, market dumps
[15:54] {GeoArb} now thats just blackmail
[15:54] {Threei} and you would put it pass whom? :)
[16:00] {Threei} thank you all
[16:01] {Threei} have a good evening, see you tomorrow for the next act of drama
[16:01] {hawkfan4} cya all
[16:03] {dino} thx all, gj
[16:07] {GeoArb} thanks guys I am off
Monday, September 22, 2008
Sep 22 2008
Session Time: Mon Sep 22 00:00:00 2008
[08:07] {Threei} ET BLUE TERMINAL EVACUATED AT JFK AIRPORT - FOX NEWS
[08:23] {magoo} morninmg
[08:23] {Threei} Good morning
[08:27] {Threei} AIG getting buyers
[08:34] {Threei} MS
[08:34] {Threei} JAPAN'S MUFG TO BUY UP TO 20% STAKE; PRICE NOT DETERMINED YET WHILE DUE DILLIGENCE UNDERWAY
[08:34] {Threei} - Mitsu will send at least 1 Board member to sit on Morgan Stanley's Board
[08:39] {Threei} MSFT
[08:39] {Threei} RAISES DIV; AUTH $40B BUYBACK
[08:43] {Threei} (JP) JAPAN FIN MIN: JAPAN WILL NOT BAN SHORT-SELLING
[08:43] {Threei} one sane place remains, I see
[08:47] {magoo} MS moving pretty good
[08:51] {peterg} kondichiwa
[08:52] {peterg} ohio gozymas
[08:52] {Threei} ummm... good morning, I guess
[08:52] {peterg} dont know japanesse for gm?
[08:52] {peterg} you will
[08:52] {Threei} how come it involves ohio? :)
[08:52] {peterg} dk
[08:53] {peterg} sounds like
[08:53] {peterg} lol
[08:54] {Threei} AIG
[08:54] {Threei} TO ISSUE A LIST OF ASSETS THAT MAY BE SOLD IN THE NEXT 7 TO 10 DAYS - CNBC INTERVIEW
[08:55] {Threei} CEO LIDDY DOES NOT THINK AIG WILL NEED TO DRAW ENTIRE $85B FED LOAN - CNBC
[08:55] {Threei} 4.45 Fri high
[08:56] {pita} morning everyone, is the sky secure?
[08:56] {Threei} Atlas is still trying to make up his mind...
[09:01] {magoo} wheres the play on AIG vad?
[09:01] {Threei} pullback is preferrable vs breakout
[09:01] {magoo} support 4?
[09:02] {Threei} as much as premarket charts can be trusted, yeah
[09:02] {fernp} Good morning
[09:02] {Threei} fern :)
[09:03] {Threei} CNBC'S LIESMAN: GOLDMAN UNDERTAKING A CAPITAL RAISE SOON
[09:04] {dino} gm all
[09:05] {Threei} dino :)
[09:08] {Onix} good morning all
[09:09] {Threei} onix :)
[09:13] {tomg} gm all
[09:13] {Threei} tom :)
[09:19] {peterg} Paul Krugman in NYT suggests bailout is "cash for trash."
[09:20] {cosmo} Barrons likes CIEN fwiw
[09:21] {esemde} good morning......
[09:22] {Threei} ese :)
[09:22] {esemde} anything new and exciting...
[09:22] {Threei} brave new world
[09:23] {esemde} how so?
[09:23] {Threei} MS and GS become bank holding companies
[09:24] {esemde} i get ya......they will invest away all US gold reserves
[09:24] {Threei} I'd call it extreme makeover
[09:25] {Threei} they effectivcely obtain right to open deposit accounts
[09:25] {esemde} in an attemp to lower hundred trillion dollar debt or so
[09:25] {esemde} that is scarry!!!
[09:25] {Threei} in doing so they become a subject of much stricter oversight and regulations, but liquidity problem will be solved
[09:26] {peterg} Paulson demands control, and no back talk and never ever be tried as crook
[09:26] {esemde} thats OK ...dino magshawk Raven the whole crew can move up here
[09:26] {Threei} umm...
[09:27] {peterg} After year and a half of everythings ok, now he needs the whole checkbook now
[09:27] {peterg} no oversight
[09:27] {Threei} Paulson insists on status that is practicaly next to god
[09:27] {peterg} that is a problem imho
[09:27] {Threei} AIG broke out after shallow pullback
[09:27] {peterg} infected by bush
[09:28] {cosmo} calamine lotion might help?
[09:28] {peterg} injected!
[09:29] {esemde} ya $25 shallow pullback....
[09:30] {esemde} whats up with CIEN...
[09:31] {Threei} mentioned in Baron's as one of attractive places to [park money
[09:31] {Threei} QTWW
[09:31] {Threei} IGN AGREEMENT WITH LEADING ITALIAN RENEWABLE ENERGY SYSTEM INTEGRATOR
[09:34] {Threei} Long Setup: AIG 4.50 if stays above 4.35
[09:37] {Threei} AIG half out 4.7
[09:37] {Threei} scalpers are scalpers
[09:37] {magoo} full out here
[09:38] {tomg} thanks vad
[09:38] {Threei} welcome tom
[09:38] {Onix} ty Vad, good one!
[09:38] {esemde} gj boys.....just wasn't on it fast enough
[09:38] {peterg} ty!
[09:38] {Threei} 1/4 more out 4.85
[09:39] {Threei} onix :)
[09:39] {Threei} offering last portion 4.95
[09:39] {dino} v sm l .30 stop .97
[09:39] {Threei} stop 4.59
[09:39] {Threei} hit
[09:39] {Threei} out in full
[09:40] {pita} missed, but nice call Vad
[09:40] {Threei} ty
[09:40] {Threei} watching for pullback
[09:40] {Threei} this thing is in play
[09:40] {Threei} US PRESIDENT BUSH: MARKET BAILOUT PLAN SHOULD HAVE RELEVANT PROVISIONS
[09:42] {dino} out v stopped -.33
[09:42] {Threei} don't be in a rush to jump on it, pullbacks are rather harsh
[09:43] {esemde} watching SIMO....
[09:43] {magoo} nice read vad
[09:43] {Threei} I would prefer it somewhere close to 4.50
[09:43] {magoo} might get too .35 area
[09:43] {magoo} premkt area of interest
[09:43] {peterg} how do you think no short selling influences downside?
[09:43] {peterg} or does it
[09:43] {Threei} at the moment, it limits downside, but down the road it will increase it
[09:44] {peterg} thks, makes sense
[09:44] {Threei} wow WM
[09:45] {esemde} you thinkin pull back Vad WM
[09:46] {Threei} don't know ese... such selloff showqs there is a lot of uncertainty about its destiny
[09:47] {magoo} down 100
[09:47] {esemde} message received and noted...
[09:49] {GeoArb} gm
[09:49] {Threei} Geo :)
[09:49] {esemde} .20 up with NVDA though
[09:49] {magoo} Geo:)
[09:49] {Threei} AIG pullback isn't vceru deep
[09:50] {Threei} probably becomes a break candidate if consolidates close enough to 5
[09:50] {Threei} so far .75 is support,
[09:50] {Threei} I'd prefer closer stop obviously
[09:50] {esemde} motley fool was reccomending NVDA in a couple of articles as well on the weekend
[09:51] {Threei} let's see if it's holding above .85
[09:53] {Threei} daily looks rather nicely on NVDA, ese
[09:53] {esemde} I like the look of it too....
[09:54] {dino} wtfc blood
[09:55] {esemde} down 4 dino....right up your alley
[09:55] {dino} last try sm v .75
[09:55] {esemde} bstop CIEN .72 3/4
[09:57] {Threei} AIG decided on pullback
[09:57] {Threei} will lose .50 most likely
[09:58] {Threei} WM
[09:58] {esemde} need indexes to go my way
[09:58] {Threei} TO REPORTEDLY HOLD OFF UNTIL THE FED BAILOUT DETAILS ARE IN EFFECT BEFORE THE DECISION TO SELL COMPANY IS MADE - CNBC
[09:59] {Threei} Short Setup: ESLR 6.04 if stays under 6.10
[10:01] {esemde} long CIEN .70
[10:03] {dino} artc
[10:04] {Onix} in ESLR @ 6.04
[10:06] {esemde} added some more ...full lot CIEN
[10:10] {Threei} quite narrow range
[10:10] {Threei} market is waiting for some shoe to drop
[10:10] {dino} v sm wynn l .50 risky
[10:14] {Threei} AIG new wave of frenzy
[10:15] {Threei} want 5.01 trigger with nice tight consolidation
[10:15] {Threei} stop no farther than .84
[10:16] {Threei} so, ideally, couple more back and forth, not losing .85 anymore
[10:17] {Threei} so far so good
[10:18] {esemde} talk about your slow climber CIEN....
[10:19] {peterg} looking for the weak spot in the Death Star....
[10:19] {esemde} i'll say...
[10:19] {magoo} down 148 here
[10:20] {peterg} if aig doesnt bust 5, ill miss all the fun cz gotta go2 dayjb
[10:20] {esemde} should make it to 12 if it gets past this .80 level
[10:20] {esemde} see ya peter...i'm in the same boat....
[10:20] {peterg} 5 min more
[10:21] {peterg} naah, too edgy. Back later all
[10:21] {Threei} take care peter
[10:21] {peterg} u2
[10:22] {magoo} eating 5 vad
[10:23] {Threei} want to see it eaten
[10:23] {magoo} 5 seems endless
[10:24] {Threei} that's why I don't want aggressive entry on it
[10:24] {Threei} if it doesn't give up, drop will be cruel
[10:26] {Threei} ESLR stop to 6.06
[10:27] {Threei} stopped AIG
[10:28] {Threei} can't believe it ate those huge offers only to dtop immediately
[10:28] {Onix} stopped AIG
[10:31] {dptl} good morning all
[10:31] {Threei} dp :)
[10:35] {dino} wtfc partioal l .53
[10:37] {esemde} out CIEN.....-.04 it's going nowhere
[10:37] {dino} wynnstop to .70
[10:37] {dino} wtfc remainder at .40
[10:38] {dino} out wynn slippped .68, +1.18
[10:39] {magoo} tough crowd dinio:)
[10:39] {dino} yeah, same old, same old
[10:40] {Threei} hehe
[10:43] {Threei} WSJ: SENATE FINANCIAL BAILOUT PACKAGE DRAFT INDICATES THERE WOULD BE LIMITS ON EXECUTIVE COMPENSATION, WITH OVERSIGHT LED BY BOARD ENCOMPASSING THE FED, SEC, AND FDIC
[10:43] {Threei} {XLF}
[10:46] {esemde} nice work dino.......just looked at wynn
[10:48] {dino} :)
[10:55] {dino} look at wtfc, tcbk, cobz all banks, all down huge, but we can't short them
[10:56] {Threei} out ESL
[10:56] {Threei} ESLR
[11:06] {esemde} see you all tomorow.....
[11:06] {Threei} take care ese
[11:06] {Chaeron} bye ese
[11:06] {esemde} see ya vad
[11:06] {fernp} bye ese
[11:06] {esemde} fern
[11:06] {dino} cya es
[11:10] {GeoArb} is daytrading dead
[11:10] {Threei} yup... forever
[11:11] {GeoArb} geo{- will trade tiddlywinks
[11:11] {Threei} what are those?
[11:11] {dino} wtfc stop to .74
[11:11] {GeoArb} http://en.wikipedia.org/wiki/Tiddlywinks
[11:12] {dino} out major slip ave .45 +1.00
[11:12] {dino} that sucked
[11:13] {GeoArb} +1 sucked?
[11:13] {dino} had 1.50 slipped me .30
[11:13] {dino} but , what the heck
[11:14] {Threei} really
[11:16] {GeoArb} I am sorry heheheh but:
[11:16] {GeoArb} http://www.time.com/time/nation/article/0,8599,1843168,00.html?cnn=yes
[11:17] {GeoArb} i wonder if they get paid by the headline
[11:19] {Threei} amazingly slow market after last week turbulence
[11:19] {GeoArb} noone is sure whats going on
[11:19] {Threei} I guess
[11:19] {GeoArb} skf is all wierd
[11:19] {GeoArb} cant open new positions i think
[11:19] {Threei} waiting for rescue plan to shape up
[11:20] {Threei} ASKF is scewed by shorting limitations
[11:20] {GeoArb} yup
[11:20] {GeoArb} no one is sure of the rules anymore
[11:20] {GeoArb} i think i am going to learn how to trade porkbellies
[11:22] {peterg} Barrons also said use bond funds for 5% to park cash
[11:22] {Threei} don't know about pork bellies but stock market is looking at giant rally once this package goes through... IMO
[11:23] {GeoArb} true
[11:23] {Threei} AIG
[11:23] {Threei} TOP HOLDER MEETING REPORTEDLY TO MEET LATER TODAY, WITH FORMER CEO GREENBERG AMONG THEM - UNCONFIRMED REPORT
[11:23] {Threei} - Note there were reports on Friday that large shareholders in AIG were looking to help pay off the Govt loan to prevent the Govt from taking an 80% stake
[11:24] {pita} Warren to the rescue?
[11:24] {GeoArb} he is the only capitalist left
[11:24] {Threei} MS
[11:24] {Threei} TOP HOLDER MEETING REPORTEDLY TO MEET LATER TODAY, WITH FORMER CEO GREENBERG AMONG THEM - UNCONFIRMED REPORT
[11:24] {Threei} - Note there were reports on Friday that large shareholders in AIG were looking to help pay off the Govt loan to prevent the Govt from taking an 80% stake
[11:24] {Threei} oops
[11:24] {Threei} MS
[11:24] {Threei} MITSUBISHI WILL REPORTEDLY PAY $31.25/SHR
[11:24] {GeoArb} poor guy..... every time the assets gets priced at a point he is ready to buy socialist govn mucks it up for him
[11:25] {Threei} - Note there were earlier reports that Mitsubishi would be taking a stake at $31/shr{8306.JP}
[11:26] {GeoArb} hey vad trivia......... did ya know nikon is a mitsubishi subsidiary?
[11:26] {Threei} US TREASURY SPOKESPERSON: SEC PAULSON HAD GOOD TALKS WITH CONGRESS, CONFIDENT CONGRESS WILL PASS BILL THIS WEEK
[11:26] {Threei} nope
[11:26] {GeoArb} they dont advertize it as nikon has higher brand value
[11:28] {Threei} CEG
[11:28] {Threei} EDF HAS SUBMIITED PROPOSAL REQUEST THAT INCLUDES AN OFFER FOR $35/SHR - FILING
[11:29] {GeoArb} democrats want ceo pay regulation in the bill
[11:29] {GeoArb} paulson is refusing
[11:30] {GeoArb} http://online.wsj.com/article/SB122209290438362805.html
[11:33] {cosmo} ... too bad we cant have Pat Paulson running things...
[11:34] {Threei} CEG
[11:34] {Threei} CEO: REPORTEDLY ACCEPTED $35/SHR SUPERIOR OFFER FROM EDF - CONF CALL
[11:35] {Threei} so why is it 7 bucks lower?
[11:36] {pita} Market down USO up, time to short UAUA at break of lows?
[11:37] {Threei} most likely
[11:38] {Threei} but let's keep tight stop
[11:38] {Threei} it trades wierd
[11:38] {Threei} stop above .20 I'd say
[11:41] {dino} umbf
[11:41] {dino} arow fast drop
[11:54] {Threei} good read UAUA pita
[11:55] {dino} chtt
[11:56] {magoo} vad, laser message breaking error trades from friday...i double clicked to be sure not us and lost the message
[11:57] {magoo} was it those ZION trades?
[11:57] {Threei} yup
[11:59] {dino} sm chtt l .40
[12:01] {dino} v sm umbf l .66
[12:09] {Threei} pita, covered UAUA under 12?
[12:10] {Threei} FITCH: US GOV'T RESCUE PLANS ARE "MANAGABLE" WITHIN AAA SOVEREIGN RATING, GOV'T RATING IS SUPPORTED BY A DIVERSIFIED, HIGH-INCOME ECONOMY AS WELL AS USD'S STATUS
[12:10] {Threei} {EUR/USD GBP/USD USD/CHF USD/JPY USD/CNY USD/CAD}
[12:11] {magoo} l rimm .30 here small
[12:12] {Threei} I agree mags
[12:12] {Threei} market is probably putting a bottom in and getting ready for reversal
[12:12] {dino} feeling same
[12:13] {Threei} still can't believe how quiet today's market is
[12:13] {Threei} you would expect all the hoopla of last to carry over just a tad
[12:15] {magoo} grrrrrrrrrrr
[12:15] {dino} everything going spready
[12:16] {Threei} a bit too early on RIMM
[12:16] {Threei} don't get stubborn, wait for better entry
[12:19] {pita} later all
[12:19] {Threei} take care pita
[12:20] {dino} cya pita
[12:20] {magoo} aapl went..rimm should
[12:22] {Threei} swampy action
[12:23] {Threei} if not that first morning trade on AIG, would be a totally wasted day not worth waking up
[12:31] {Threei} WB
[12:31] {Threei} S&P CUTS RATINGS ON 2 CDOS RELATED TO WB
[12:35] {dino} celg sm l .99
[12:46] {Threei} so far, market holds the bottom
[12:47] {Threei} but it feels like it's not going anywhere for real until the destiny of rescue package is decided upon
[12:47] {Threei} AIG is above 5 again
[12:48] {dino} chtt stop to .90
[12:52] {Threei} why the heck QID is not shortable
[12:52] {Threei} what's wrong with shorting ultrashort
[12:52] {dino} i could'nt get dxd either
[12:52] {dino} whats dji ultra long symbol?
[12:52] {magoo} shorting ultrashort
[12:53] {magoo} those two words vad
[12:54] {hawkfan4} i think it's DDM dino
[12:54] {dino} wtfc sm l .53
[12:55] {dino} yes, thx hawk
[12:55] {dino} out chtt .99, +.59
[12:57] {Threei} SKF range 5 dollars...
[12:57] {Threei} when was it trading in such narrow range
[12:57] {Threei} if at all
[12:58] {Threei} wow oil
[12:59] {dino} skf in theory should be up, but who knows what it does now
[13:00] {Threei} yeah, they totally ruined its structure
[13:00] {dino} seriously, banks are down big
[13:00] {Threei} no kidding...how can SKFD be in red with banks down
[13:01] {dino} celg stop to .29
[13:01] {dino} changed the rules
[13:02] {dino} out celg .29, +.30
[13:02] {Threei} so far, even before the package is adopted, it's killing $USD, sending oil and gold up
[13:02] {Threei} scared to think what 700B will do to it
[13:04] {dino} in theory, they should be able to make money off those mortgages, over time....but then again it's the govt. and as ron regan said.."the 9 scariest words, i'm from the gov't and i'm here to help"
[13:05] {Threei} lol
[13:05] {Threei} boy was he right
[13:08] {Threei} AIG feels much higher but sheesh,, very tough trader
[13:09] {Threei} morning rush gave it nice push... became much harder ever since
[13:18] {dino} lod's
[13:24] {Threei} MOODY'S: US AAA RATING IS 'UNSHAKEN'
[13:25] {Threei} USD FALLS 2% AGAINST THE EURO, THE BIGGEST ONE DAY DECLINE IN SEVEN YEARS
[13:35] {hawkfan4} wow oil, halted
[13:36] {dino} huh?
[13:36] {Threei} sheesh
[13:36] {hawkfan4} limit up
[13:36] {Threei} Nymex halted oil trading for 5 minutes
[13:36] {dino} out wtfc spiked, .53, +1.00
[13:36] {dino} right thru me another buck
[13:37] {dino} we are witnessing some historic actions
[13:38] {Threei} totally
[13:38] {dino} dude
[13:38] {dino} :)
[13:39] {dptl} dude..lol
[13:43] {Threei} is this the biggest one day run-up in oil?
[13:44] {dino} :dk
[13:44] {dino} thinking no
[13:46] {Threei} REP FRANK: TREASURY PLAN WILL COST LESS THAN $700B
[13:46] {Chaeron} he needs to go
[13:47] {Threei} GS
[13:47] {Threei} NO PLANS TO RAISE CAPITIAL - UNCONFIRMED REPORT
[13:47] {Threei} uh oh
[13:47] {Threei} famous last words
[13:50] {dino} sm l celg .60
[13:50] {Threei} REP FRANK: ADMINISTRATION AGREES ON SHARE WARRANT STIPULATIONS, TREASURY PLAN WILL COST LESS THAN $700B WHEN ALL IS SAID AND DONE, HOUSE AND SENATE PLANS ARE "PRETTY CLOSE"
[13:50] {Threei} - Notes does not believe that hedge funds will be able to participate in the plan put forth by the Treasury
[14:00] {dino} schw
06[14:07] * Threei slaps laserdave1 around a bit with a large trout
06[14:07] * Chaeron slaps laserdave1 around a bit with a large trout
[14:09] {hawkfan4} AIG new hod
06[14:15] * magoo slaps laserdave1 around a bit with a large trout
06[14:15] * magoo slaps hawkfan4 around a bit with a large trout
[14:15] {dino} celg stop to .99
[14:15] {magoo} thats for gettin in between us there lol
[14:16] {Threei} lol
[14:17] {GeoArb} dave dcc pls
[14:17] {dino} make celg .25
[14:19] {Threei} AIG requires much more patience today than I am capable of
[14:19] {Threei} [13:08] {Threei} AIG feels much higher but sheesh,, very tough trader
[14:19] {dino} out celg .25, +.65
[14:20] {Threei} what the hell is going with oil?
[14:21] {Threei} Nov contract is 109 but Oct 127?
[14:21] {hawkfan4} oil insane. dollar weakness+ the oct contract expires today
[14:21] {dino} short squeeze?
[14:22] {Threei} ooohhh... contract expiration
[14:23] {Threei} {--- crying about AIG
[14:23] {magoo} me too vad..blowing tears and nose
[14:24] {Threei} why do I have this feeling hawk is riding it from 4.50
[14:24] {Threei} 1 mil shares too
[14:24] {hawkfan4} 4.04 from Friday ;})
[14:25] {Threei} sh*t :)
[14:25] {Threei} it's even worse than I thought, lol
[14:25] {hawkfan4} lol
[14:25] {Threei} ok hawk, you may or may not feel it's right thing to do, but I gotta do what I gotta do
06[14:25] * Threei slaps hawkfan4 around a bit with a large trout
[14:26] {hawkfan4} whew, been a while, was feeling left out
[14:26] {Threei} lol
[14:26] {Threei} just wait till magoo picks himself up from the floor
[14:28] {magoo} been awhile??i hit u earlier ol
[14:28] {magoo} but........................
06[14:28] * magoo slaps hawkfan4 around a bit with a large trout
[14:28] {hawkfan4} lol, missed that one, 3rd time's the charm :)
[14:29] {Threei} of cpurse you missed that one... been too busy counting millions made on this trade
06[14:30] * dino slaps magoo around a bit with a large trout
[14:30] {magoo} [14:07] * Threei slaps laserdave1 around a bit with a large trout
[14:30] {magoo} [14:08] * Chaeron slaps laserdave1 around a bit with a large trout
[14:30] {magoo} [14:09] {hawkfan4} AIG new hod
[14:30] {magoo} [14:15] * magoo slaps laserdave1 around a bit with a large trout
[14:30] {magoo} [14:15] * magoo slaps hawkfan4 around a bit with a large trout
[14:30] {magoo} [14:15] {magoo} thats for gettin in between us there lol
[14:30] {hawkfan4} ha, nice!
[14:32] {Threei} NY GOV PATTERSON REPORTEDLY HAS A PLAN TO PROTECT AGAINST SPECULATION
[14:32] {Threei} huh?
[14:36] {dino} what the hell, isn't that what buying stocks, commodities, and real estate is all about
[14:36] {Threei} no kidding
[14:36] {Threei} actually it's very easy to atop specualtion
[14:36] {dino} speculation is my occupation
[14:37] {Threei} assign all the prices to all the goods
[14:37] {Chaeron} socialism?
[14:37] {Threei} just don't forget to ask Soviet Uniom how it worked out
[14:37] {magoo} magoo looking up the word spectrolizution in pictionary
[14:37] {dino} speaking of that sold that foreclosure sunday
[14:37] {Threei} ok, one thing I need explanation on
[14:38] {Threei} we don't want certain stocks to go down, so we ban shorts
[14:38] {Threei} but we also don't want oil to go up
[14:38] {dino} so ban longs, lol
[14:38] {Threei} what is to prevent us from baning longs on oil?
[14:38] {Threei} can't buy it
[14:38] {Threei} period
[14:38] {Threei} can sell only
[14:39] {dino} it's ok to short commodities but not stocks is the thinking
[14:39] {Threei} and can't even buy back higher than, umm, say 50.bbl
[14:39] {dino} what do you expect from politicians
[14:39] {Threei} hmmm
[14:39] {Threei} do that right thing of course?
[14:39] {Threei} act accordingly to their conscience?
[14:39] {Threei} deliver on election promises?
[14:40] {dino} it is all about getting re-elected. don't kid yourself.
[14:40] {Threei} put constituents first?
[14:40] {Threei} wait... let me wake up
[14:41] {cosmo} speculate on a 401k, why dont ya
[14:41] {Threei} great... now, after properly waking up, I expect them lie and cheat
[14:41] {Threei} sigh
[14:42] {cosmo} that can be medicated...
[14:42] {dino} i want to know when it became wrong to speculate
[14:43] {dino} it is what built this country
[14:44] {Threei} GM
[14:44] {Threei} FITCH CUTS RATINGS TO CCC FROM B-, OUTLOOK NEGATIVE
[14:45] {Threei} another bailout in the making?
[14:45] {Threei} not in a short list too
[14:45] {dino} yes, they are getting massive gov't loans
[14:46] {dino} vote is soon, they will get them
[14:46] {Threei} what a frikin burning shame
[14:46] {Chaeron} *sigh*
[14:47] {Threei} anything left in USA that actually makes money?
[14:47] {magoo} can't find spectroluationvitz in the pictionary guys??
[14:47] {magoo} is your trading room based in u.s vad?
[14:47] {Threei} it's Internet-based
[14:47] {Threei} lol
[14:48] {cosmo} we're non-local
[14:49] {dino} good thing or they would ban us
[14:49] {dino} fdx lod
[14:53] {Threei} FRE and FNM new highs
[14:54] {Threei} what's uo with those pigs
[14:54] {magoo} cosmo..u are "non-typical" lol
[14:58] {Chaeron} {Threei} what's uo with those pigs --- }} "speculators"
[14:59] {Threei} oh
[15:00] {Threei} MCD
[15:00] {Threei} NOTES BAC WILL NOT BOOST FRANCHISEE LOANS, ADVISES FRANCHISEES TO SEEK ALTERNATIVE FINANCING
[15:01] {Threei} IMCL
[15:01] {Threei} FIVE-YEAR ERBITUX DATA SHOWS SIGNIFICANT IMPROVEMENT IN SURVIVAL IN HEAD AND NECK CANCER
[15:01] {Threei} {BMY}
[15:06] {Threei} in AIG
[15:06] {Threei} too tempting
[15:06] {Threei} stop under 5
[15:08] {dino} ehth
[15:11] {magoo} where u in vad
[15:11] {magoo} do not want to chase
[15:11] {Threei} .15
[15:11] {Chaeron} I chased I guess.. .20
[15:12] {Threei} doeasn't look good
[15:14] {magoo} heres an oldie bur goodie
[15:14] {magoo} denny crane:)
[15:20] {dino} zion crash
[15:20] {Threei} darn shorts
[15:20] {Threei} wait
[15:20] {Threei} no shorts
[15:20] {Threei} spculators?
[15:20] {Threei} fre
[15:21] {Chaeron} darn govt reg
[15:21] {Chaeron} can I file for assistance for this stop?
[15:21] {Threei} I am sure
[15:22] {Chaeron} well, think of it... they get $$$ if I make money (taxes)... and everyone else is getting $$$
[15:25] {dino} sivb
[15:32] {Chaeron} stopped - .20
[15:33] {Chaeron} thank goodness for stops
[15:34] {Threei} absence of shorts doesn't work very well
[15:35] {dino} not at all, lots of banks down 5-15 bucks today
[15:37] {Threei} -320 DJI
[15:37] {Threei} time for another rescue package?
[15:38] {Threei} I mean, let's throw 700B at the market each -300 day
[15:38] {Threei} in a few weeks we might end up green
[15:40] {dino} don't count on it
[15:40] {Threei} on green?
[15:40] {Chaeron} The market was 500 trades away from Armageddon on Thursday, traders inside two large custodial banks tell The Post.
[15:40] {Chaeron} Had the Treasury and Fed not quickly stepped into the fray that morning with a quick $105 billion injection of liquidity, the Dow could have collapsed to the 8,300-level - a 22 percent decline! - while the clang of the opening bell was still echoing around the cavernous exchange floor.
[15:42] {dino} lod
[15:43] {GeoArb} sheesh
[15:43] {GeoArb} all my fertilizing and planting went to waste
[15:43] {GeoArb} arugula anyone?
[15:43] {Threei} wow AIG
[15:43] {Threei} what happened?
[15:43] {Threei} nmo news
[15:44] {dino} hmmm, new high was friday 11,483, previous was 11590. another lower high before dump
[15:45] {dino} and just about another 400 pt day.
[15:46] {Threei} the only guess I can make is, no covers to soften drop
[15:46] {dino} yes, thinking no shorts to cov. so no buyers at all
[15:47] {GeoArb} back at almost 1200 es
[15:49] {dptl} have a good evening all..see ya tomorrow :)
[15:50] {Threei} take care dop
[15:50] {Threei} dp
[15:50] {dino} later dp
[15:51] {Threei} WM??
[15:52] {Threei} TD IS REPORTEDLY CONSIDERING MAKING A BID FOR THE CO.
[15:52] {Threei} {TD}
[15:54] {Threei} now what, TD changed their mind?
[15:54] {Threei} WM MOODY'S CUTS FINANCIAL STRENGTH RATING TO E
[15:54] {Chaeron} don't think that stands for Excellent........
[15:55] {dino} (the)end
[15:55] {Chaeron} :)
[15:58] {Threei} well, they did just half of job
[15:58] {Threei} gotta ban selling by longs as well
[15:58] {Threei} then maybe...
[15:58] {Threei} US SENATOR REID: A 'RUBBER STAMP' OF MARKET RESCUE PLAN WILL NOT BE TOLERATED
[15:58] {Threei} {XLF}
[15:59] {Threei} dull and boring day
[16:00] {Threei} ends on sharo down too
[16:00] {Threei} shrp
[16:00] {Threei} did they save us or didn't they
[16:00] {dino} -4% since friday high
[16:00] {dino} dji
[16:01] {Threei} sigh
[16:01] {Threei} Ok guys, have a good evening
[16:01] {dino} u2 thx all
[16:01] {Threei} let's see if they save us once more tomorrow
[16:01] {Threei} I suspect if they save market couple times more, we will see DJI at 1000, lol
[16:02] {dino} oil biggest day on record
[16:02] {Threei} yup
[16:02] {dino} +15
[16:03] {dino} tater all, decent day
[16:11] {magoo} ty all
[16:25] {peterg} and to all a goodnight!
[08:07] {Threei} ET BLUE TERMINAL EVACUATED AT JFK AIRPORT - FOX NEWS
[08:23] {magoo} morninmg
[08:23] {Threei} Good morning
[08:27] {Threei} AIG getting buyers
[08:34] {Threei} MS
[08:34] {Threei} JAPAN'S MUFG TO BUY UP TO 20% STAKE; PRICE NOT DETERMINED YET WHILE DUE DILLIGENCE UNDERWAY
[08:34] {Threei} - Mitsu will send at least 1 Board member to sit on Morgan Stanley's Board
[08:39] {Threei} MSFT
[08:39] {Threei} RAISES DIV; AUTH $40B BUYBACK
[08:43] {Threei} (JP) JAPAN FIN MIN: JAPAN WILL NOT BAN SHORT-SELLING
[08:43] {Threei} one sane place remains, I see
[08:47] {magoo} MS moving pretty good
[08:51] {peterg} kondichiwa
[08:52] {peterg} ohio gozymas
[08:52] {Threei} ummm... good morning, I guess
[08:52] {peterg} dont know japanesse for gm?
[08:52] {peterg} you will
[08:52] {Threei} how come it involves ohio? :)
[08:52] {peterg} dk
[08:53] {peterg} sounds like
[08:53] {peterg} lol
[08:54] {Threei} AIG
[08:54] {Threei} TO ISSUE A LIST OF ASSETS THAT MAY BE SOLD IN THE NEXT 7 TO 10 DAYS - CNBC INTERVIEW
[08:55] {Threei} CEO LIDDY DOES NOT THINK AIG WILL NEED TO DRAW ENTIRE $85B FED LOAN - CNBC
[08:55] {Threei} 4.45 Fri high
[08:56] {pita} morning everyone, is the sky secure?
[08:56] {Threei} Atlas is still trying to make up his mind...
[09:01] {magoo} wheres the play on AIG vad?
[09:01] {Threei} pullback is preferrable vs breakout
[09:01] {magoo} support 4?
[09:02] {Threei} as much as premarket charts can be trusted, yeah
[09:02] {fernp} Good morning
[09:02] {Threei} fern :)
[09:03] {Threei} CNBC'S LIESMAN: GOLDMAN UNDERTAKING A CAPITAL RAISE SOON
[09:04] {dino} gm all
[09:05] {Threei} dino :)
[09:08] {Onix} good morning all
[09:09] {Threei} onix :)
[09:13] {tomg} gm all
[09:13] {Threei} tom :)
[09:19] {peterg} Paul Krugman in NYT suggests bailout is "cash for trash."
[09:20] {cosmo} Barrons likes CIEN fwiw
[09:21] {esemde} good morning......
[09:22] {Threei} ese :)
[09:22] {esemde} anything new and exciting...
[09:22] {Threei} brave new world
[09:23] {esemde} how so?
[09:23] {Threei} MS and GS become bank holding companies
[09:24] {esemde} i get ya......they will invest away all US gold reserves
[09:24] {Threei} I'd call it extreme makeover
[09:25] {Threei} they effectivcely obtain right to open deposit accounts
[09:25] {esemde} in an attemp to lower hundred trillion dollar debt or so
[09:25] {esemde} that is scarry!!!
[09:25] {Threei} in doing so they become a subject of much stricter oversight and regulations, but liquidity problem will be solved
[09:26] {peterg} Paulson demands control, and no back talk and never ever be tried as crook
[09:26] {esemde} thats OK ...dino magshawk Raven the whole crew can move up here
[09:26] {Threei} umm...
[09:27] {peterg} After year and a half of everythings ok, now he needs the whole checkbook now
[09:27] {peterg} no oversight
[09:27] {Threei} Paulson insists on status that is practicaly next to god
[09:27] {peterg} that is a problem imho
[09:27] {Threei} AIG broke out after shallow pullback
[09:27] {peterg} infected by bush
[09:28] {cosmo} calamine lotion might help?
[09:28] {peterg} injected!
[09:29] {esemde} ya $25 shallow pullback....
[09:30] {esemde} whats up with CIEN...
[09:31] {Threei} mentioned in Baron's as one of attractive places to [park money
[09:31] {Threei} QTWW
[09:31] {Threei} IGN AGREEMENT WITH LEADING ITALIAN RENEWABLE ENERGY SYSTEM INTEGRATOR
[09:34] {Threei} Long Setup: AIG 4.50 if stays above 4.35
[09:37] {Threei} AIG half out 4.7
[09:37] {Threei} scalpers are scalpers
[09:37] {magoo} full out here
[09:38] {tomg} thanks vad
[09:38] {Threei} welcome tom
[09:38] {Onix} ty Vad, good one!
[09:38] {esemde} gj boys.....just wasn't on it fast enough
[09:38] {peterg} ty!
[09:38] {Threei} 1/4 more out 4.85
[09:39] {Threei} onix :)
[09:39] {Threei} offering last portion 4.95
[09:39] {dino} v sm l .30 stop .97
[09:39] {Threei} stop 4.59
[09:39] {Threei} hit
[09:39] {Threei} out in full
[09:40] {pita} missed, but nice call Vad
[09:40] {Threei} ty
[09:40] {Threei} watching for pullback
[09:40] {Threei} this thing is in play
[09:40] {Threei} US PRESIDENT BUSH: MARKET BAILOUT PLAN SHOULD HAVE RELEVANT PROVISIONS
[09:42] {dino} out v stopped -.33
[09:42] {Threei} don't be in a rush to jump on it, pullbacks are rather harsh
[09:43] {esemde} watching SIMO....
[09:43] {magoo} nice read vad
[09:43] {Threei} I would prefer it somewhere close to 4.50
[09:43] {magoo} might get too .35 area
[09:43] {magoo} premkt area of interest
[09:43] {peterg} how do you think no short selling influences downside?
[09:43] {peterg} or does it
[09:43] {Threei} at the moment, it limits downside, but down the road it will increase it
[09:44] {peterg} thks, makes sense
[09:44] {Threei} wow WM
[09:45] {esemde} you thinkin pull back Vad WM
[09:46] {Threei} don't know ese... such selloff showqs there is a lot of uncertainty about its destiny
[09:47] {magoo} down 100
[09:47] {esemde} message received and noted...
[09:49] {GeoArb} gm
[09:49] {Threei} Geo :)
[09:49] {esemde} .20 up with NVDA though
[09:49] {magoo} Geo:)
[09:49] {Threei} AIG pullback isn't vceru deep
[09:50] {Threei} probably becomes a break candidate if consolidates close enough to 5
[09:50] {Threei} so far .75 is support,
[09:50] {Threei} I'd prefer closer stop obviously
[09:50] {esemde} motley fool was reccomending NVDA in a couple of articles as well on the weekend
[09:51] {Threei} let's see if it's holding above .85
[09:53] {Threei} daily looks rather nicely on NVDA, ese
[09:53] {esemde} I like the look of it too....
[09:54] {dino} wtfc blood
[09:55] {esemde} down 4 dino....right up your alley
[09:55] {dino} last try sm v .75
[09:55] {esemde} bstop CIEN .72 3/4
[09:57] {Threei} AIG decided on pullback
[09:57] {Threei} will lose .50 most likely
[09:58] {Threei} WM
[09:58] {esemde} need indexes to go my way
[09:58] {Threei} TO REPORTEDLY HOLD OFF UNTIL THE FED BAILOUT DETAILS ARE IN EFFECT BEFORE THE DECISION TO SELL COMPANY IS MADE - CNBC
[09:59] {Threei} Short Setup: ESLR 6.04 if stays under 6.10
[10:01] {esemde} long CIEN .70
[10:03] {dino} artc
[10:04] {Onix} in ESLR @ 6.04
[10:06] {esemde} added some more ...full lot CIEN
[10:10] {Threei} quite narrow range
[10:10] {Threei} market is waiting for some shoe to drop
[10:10] {dino} v sm wynn l .50 risky
[10:14] {Threei} AIG new wave of frenzy
[10:15] {Threei} want 5.01 trigger with nice tight consolidation
[10:15] {Threei} stop no farther than .84
[10:16] {Threei} so, ideally, couple more back and forth, not losing .85 anymore
[10:17] {Threei} so far so good
[10:18] {esemde} talk about your slow climber CIEN....
[10:19] {peterg} looking for the weak spot in the Death Star....
[10:19] {esemde} i'll say...
[10:19] {magoo} down 148 here
[10:20] {peterg} if aig doesnt bust 5, ill miss all the fun cz gotta go2 dayjb
[10:20] {esemde} should make it to 12 if it gets past this .80 level
[10:20] {esemde} see ya peter...i'm in the same boat....
[10:20] {peterg} 5 min more
[10:21] {peterg} naah, too edgy. Back later all
[10:21] {Threei} take care peter
[10:21] {peterg} u2
[10:22] {magoo} eating 5 vad
[10:23] {Threei} want to see it eaten
[10:23] {magoo} 5 seems endless
[10:24] {Threei} that's why I don't want aggressive entry on it
[10:24] {Threei} if it doesn't give up, drop will be cruel
[10:26] {Threei} ESLR stop to 6.06
[10:27] {Threei} stopped AIG
[10:28] {Threei} can't believe it ate those huge offers only to dtop immediately
[10:28] {Onix} stopped AIG
[10:31] {dptl} good morning all
[10:31] {Threei} dp :)
[10:35] {dino} wtfc partioal l .53
[10:37] {esemde} out CIEN.....-.04 it's going nowhere
[10:37] {dino} wynnstop to .70
[10:37] {dino} wtfc remainder at .40
[10:38] {dino} out wynn slippped .68, +1.18
[10:39] {magoo} tough crowd dinio:)
[10:39] {dino} yeah, same old, same old
[10:40] {Threei} hehe
[10:43] {Threei} WSJ: SENATE FINANCIAL BAILOUT PACKAGE DRAFT INDICATES THERE WOULD BE LIMITS ON EXECUTIVE COMPENSATION, WITH OVERSIGHT LED BY BOARD ENCOMPASSING THE FED, SEC, AND FDIC
[10:43] {Threei} {XLF}
[10:46] {esemde} nice work dino.......just looked at wynn
[10:48] {dino} :)
[10:55] {dino} look at wtfc, tcbk, cobz all banks, all down huge, but we can't short them
[10:56] {Threei} out ESL
[10:56] {Threei} ESLR
[11:06] {esemde} see you all tomorow.....
[11:06] {Threei} take care ese
[11:06] {Chaeron} bye ese
[11:06] {esemde} see ya vad
[11:06] {fernp} bye ese
[11:06] {esemde} fern
[11:06] {dino} cya es
[11:10] {GeoArb} is daytrading dead
[11:10] {Threei} yup... forever
[11:11] {GeoArb} geo{- will trade tiddlywinks
[11:11] {Threei} what are those?
[11:11] {dino} wtfc stop to .74
[11:11] {GeoArb} http://en.wikipedia.org/wiki/Tiddlywinks
[11:12] {dino} out major slip ave .45 +1.00
[11:12] {dino} that sucked
[11:13] {GeoArb} +1 sucked?
[11:13] {dino} had 1.50 slipped me .30
[11:13] {dino} but , what the heck
[11:14] {Threei} really
[11:16] {GeoArb} I am sorry heheheh but:
[11:16] {GeoArb} http://www.time.com/time/nation/article/0,8599,1843168,00.html?cnn=yes
[11:17] {GeoArb} i wonder if they get paid by the headline
[11:19] {Threei} amazingly slow market after last week turbulence
[11:19] {GeoArb} noone is sure whats going on
[11:19] {Threei} I guess
[11:19] {GeoArb} skf is all wierd
[11:19] {GeoArb} cant open new positions i think
[11:19] {Threei} waiting for rescue plan to shape up
[11:20] {Threei} ASKF is scewed by shorting limitations
[11:20] {GeoArb} yup
[11:20] {GeoArb} no one is sure of the rules anymore
[11:20] {GeoArb} i think i am going to learn how to trade porkbellies
[11:22] {peterg} Barrons also said use bond funds for 5% to park cash
[11:22] {Threei} don't know about pork bellies but stock market is looking at giant rally once this package goes through... IMO
[11:23] {GeoArb} true
[11:23] {Threei} AIG
[11:23] {Threei} TOP HOLDER MEETING REPORTEDLY TO MEET LATER TODAY, WITH FORMER CEO GREENBERG AMONG THEM - UNCONFIRMED REPORT
[11:23] {Threei} - Note there were reports on Friday that large shareholders in AIG were looking to help pay off the Govt loan to prevent the Govt from taking an 80% stake
[11:24] {pita} Warren to the rescue?
[11:24] {GeoArb} he is the only capitalist left
[11:24] {Threei} MS
[11:24] {Threei} TOP HOLDER MEETING REPORTEDLY TO MEET LATER TODAY, WITH FORMER CEO GREENBERG AMONG THEM - UNCONFIRMED REPORT
[11:24] {Threei} - Note there were reports on Friday that large shareholders in AIG were looking to help pay off the Govt loan to prevent the Govt from taking an 80% stake
[11:24] {Threei} oops
[11:24] {Threei} MS
[11:24] {Threei} MITSUBISHI WILL REPORTEDLY PAY $31.25/SHR
[11:24] {GeoArb} poor guy..... every time the assets gets priced at a point he is ready to buy socialist govn mucks it up for him
[11:25] {Threei} - Note there were earlier reports that Mitsubishi would be taking a stake at $31/shr{8306.JP}
[11:26] {GeoArb} hey vad trivia......... did ya know nikon is a mitsubishi subsidiary?
[11:26] {Threei} US TREASURY SPOKESPERSON: SEC PAULSON HAD GOOD TALKS WITH CONGRESS, CONFIDENT CONGRESS WILL PASS BILL THIS WEEK
[11:26] {Threei} nope
[11:26] {GeoArb} they dont advertize it as nikon has higher brand value
[11:28] {Threei} CEG
[11:28] {Threei} EDF HAS SUBMIITED PROPOSAL REQUEST THAT INCLUDES AN OFFER FOR $35/SHR - FILING
[11:29] {GeoArb} democrats want ceo pay regulation in the bill
[11:29] {GeoArb} paulson is refusing
[11:30] {GeoArb} http://online.wsj.com/article/SB122209290438362805.html
[11:33] {cosmo} ... too bad we cant have Pat Paulson running things...
[11:34] {Threei} CEG
[11:34] {Threei} CEO: REPORTEDLY ACCEPTED $35/SHR SUPERIOR OFFER FROM EDF - CONF CALL
[11:35] {Threei} so why is it 7 bucks lower?
[11:36] {pita} Market down USO up, time to short UAUA at break of lows?
[11:37] {Threei} most likely
[11:38] {Threei} but let's keep tight stop
[11:38] {Threei} it trades wierd
[11:38] {Threei} stop above .20 I'd say
[11:41] {dino} umbf
[11:41] {dino} arow fast drop
[11:54] {Threei} good read UAUA pita
[11:55] {dino} chtt
[11:56] {magoo} vad, laser message breaking error trades from friday...i double clicked to be sure not us and lost the message
[11:57] {magoo} was it those ZION trades?
[11:57] {Threei} yup
[11:59] {dino} sm chtt l .40
[12:01] {dino} v sm umbf l .66
[12:09] {Threei} pita, covered UAUA under 12?
[12:10] {Threei} FITCH: US GOV'T RESCUE PLANS ARE "MANAGABLE" WITHIN AAA SOVEREIGN RATING, GOV'T RATING IS SUPPORTED BY A DIVERSIFIED, HIGH-INCOME ECONOMY AS WELL AS USD'S STATUS
[12:10] {Threei} {EUR/USD GBP/USD USD/CHF USD/JPY USD/CNY USD/CAD}
[12:11] {magoo} l rimm .30 here small
[12:12] {Threei} I agree mags
[12:12] {Threei} market is probably putting a bottom in and getting ready for reversal
[12:12] {dino} feeling same
[12:13] {Threei} still can't believe how quiet today's market is
[12:13] {Threei} you would expect all the hoopla of last to carry over just a tad
[12:15] {magoo} grrrrrrrrrrr
[12:15] {dino} everything going spready
[12:16] {Threei} a bit too early on RIMM
[12:16] {Threei} don't get stubborn, wait for better entry
[12:19] {pita} later all
[12:19] {Threei} take care pita
[12:20] {dino} cya pita
[12:20] {magoo} aapl went..rimm should
[12:22] {Threei} swampy action
[12:23] {Threei} if not that first morning trade on AIG, would be a totally wasted day not worth waking up
[12:31] {Threei} WB
[12:31] {Threei} S&P CUTS RATINGS ON 2 CDOS RELATED TO WB
[12:35] {dino} celg sm l .99
[12:46] {Threei} so far, market holds the bottom
[12:47] {Threei} but it feels like it's not going anywhere for real until the destiny of rescue package is decided upon
[12:47] {Threei} AIG is above 5 again
[12:48] {dino} chtt stop to .90
[12:52] {Threei} why the heck QID is not shortable
[12:52] {Threei} what's wrong with shorting ultrashort
[12:52] {dino} i could'nt get dxd either
[12:52] {dino} whats dji ultra long symbol?
[12:52] {magoo} shorting ultrashort
[12:53] {magoo} those two words vad
[12:54] {hawkfan4} i think it's DDM dino
[12:54] {dino} wtfc sm l .53
[12:55] {dino} yes, thx hawk
[12:55] {dino} out chtt .99, +.59
[12:57] {Threei} SKF range 5 dollars...
[12:57] {Threei} when was it trading in such narrow range
[12:57] {Threei} if at all
[12:58] {Threei} wow oil
[12:59] {dino} skf in theory should be up, but who knows what it does now
[13:00] {Threei} yeah, they totally ruined its structure
[13:00] {dino} seriously, banks are down big
[13:00] {Threei} no kidding...how can SKFD be in red with banks down
[13:01] {dino} celg stop to .29
[13:01] {dino} changed the rules
[13:02] {dino} out celg .29, +.30
[13:02] {Threei} so far, even before the package is adopted, it's killing $USD, sending oil and gold up
[13:02] {Threei} scared to think what 700B will do to it
[13:04] {dino} in theory, they should be able to make money off those mortgages, over time....but then again it's the govt. and as ron regan said.."the 9 scariest words, i'm from the gov't and i'm here to help"
[13:05] {Threei} lol
[13:05] {Threei} boy was he right
[13:08] {Threei} AIG feels much higher but sheesh,, very tough trader
[13:09] {Threei} morning rush gave it nice push... became much harder ever since
[13:18] {dino} lod's
[13:24] {Threei} MOODY'S: US AAA RATING IS 'UNSHAKEN'
[13:25] {Threei} USD FALLS 2% AGAINST THE EURO, THE BIGGEST ONE DAY DECLINE IN SEVEN YEARS
[13:35] {hawkfan4} wow oil, halted
[13:36] {dino} huh?
[13:36] {Threei} sheesh
[13:36] {hawkfan4} limit up
[13:36] {Threei} Nymex halted oil trading for 5 minutes
[13:36] {dino} out wtfc spiked, .53, +1.00
[13:36] {dino} right thru me another buck
[13:37] {dino} we are witnessing some historic actions
[13:38] {Threei} totally
[13:38] {dino} dude
[13:38] {dino} :)
[13:39] {dptl} dude..lol
[13:43] {Threei} is this the biggest one day run-up in oil?
[13:44] {dino} :dk
[13:44] {dino} thinking no
[13:46] {Threei} REP FRANK: TREASURY PLAN WILL COST LESS THAN $700B
[13:46] {Chaeron} he needs to go
[13:47] {Threei} GS
[13:47] {Threei} NO PLANS TO RAISE CAPITIAL - UNCONFIRMED REPORT
[13:47] {Threei} uh oh
[13:47] {Threei} famous last words
[13:50] {dino} sm l celg .60
[13:50] {Threei} REP FRANK: ADMINISTRATION AGREES ON SHARE WARRANT STIPULATIONS, TREASURY PLAN WILL COST LESS THAN $700B WHEN ALL IS SAID AND DONE, HOUSE AND SENATE PLANS ARE "PRETTY CLOSE"
[13:50] {Threei} - Notes does not believe that hedge funds will be able to participate in the plan put forth by the Treasury
[14:00] {dino} schw
06[14:07] * Threei slaps laserdave1 around a bit with a large trout
06[14:07] * Chaeron slaps laserdave1 around a bit with a large trout
[14:09] {hawkfan4} AIG new hod
06[14:15] * magoo slaps laserdave1 around a bit with a large trout
06[14:15] * magoo slaps hawkfan4 around a bit with a large trout
[14:15] {dino} celg stop to .99
[14:15] {magoo} thats for gettin in between us there lol
[14:16] {Threei} lol
[14:17] {GeoArb} dave dcc pls
[14:17] {dino} make celg .25
[14:19] {Threei} AIG requires much more patience today than I am capable of
[14:19] {Threei} [13:08] {Threei} AIG feels much higher but sheesh,, very tough trader
[14:19] {dino} out celg .25, +.65
[14:20] {Threei} what the hell is going with oil?
[14:21] {Threei} Nov contract is 109 but Oct 127?
[14:21] {hawkfan4} oil insane. dollar weakness+ the oct contract expires today
[14:21] {dino} short squeeze?
[14:22] {Threei} ooohhh... contract expiration
[14:23] {Threei} {--- crying about AIG
[14:23] {magoo} me too vad..blowing tears and nose
[14:24] {Threei} why do I have this feeling hawk is riding it from 4.50
[14:24] {Threei} 1 mil shares too
[14:24] {hawkfan4} 4.04 from Friday ;})
[14:25] {Threei} sh*t :)
[14:25] {Threei} it's even worse than I thought, lol
[14:25] {hawkfan4} lol
[14:25] {Threei} ok hawk, you may or may not feel it's right thing to do, but I gotta do what I gotta do
06[14:25] * Threei slaps hawkfan4 around a bit with a large trout
[14:26] {hawkfan4} whew, been a while, was feeling left out
[14:26] {Threei} lol
[14:26] {Threei} just wait till magoo picks himself up from the floor
[14:28] {magoo} been awhile??i hit u earlier ol
[14:28] {magoo} but........................
06[14:28] * magoo slaps hawkfan4 around a bit with a large trout
[14:28] {hawkfan4} lol, missed that one, 3rd time's the charm :)
[14:29] {Threei} of cpurse you missed that one... been too busy counting millions made on this trade
06[14:30] * dino slaps magoo around a bit with a large trout
[14:30] {magoo} [14:07] * Threei slaps laserdave1 around a bit with a large trout
[14:30] {magoo} [14:08] * Chaeron slaps laserdave1 around a bit with a large trout
[14:30] {magoo} [14:09] {hawkfan4} AIG new hod
[14:30] {magoo} [14:15] * magoo slaps laserdave1 around a bit with a large trout
[14:30] {magoo} [14:15] * magoo slaps hawkfan4 around a bit with a large trout
[14:30] {magoo} [14:15] {magoo} thats for gettin in between us there lol
[14:30] {hawkfan4} ha, nice!
[14:32] {Threei} NY GOV PATTERSON REPORTEDLY HAS A PLAN TO PROTECT AGAINST SPECULATION
[14:32] {Threei} huh?
[14:36] {dino} what the hell, isn't that what buying stocks, commodities, and real estate is all about
[14:36] {Threei} no kidding
[14:36] {Threei} actually it's very easy to atop specualtion
[14:36] {dino} speculation is my occupation
[14:37] {Threei} assign all the prices to all the goods
[14:37] {Chaeron} socialism?
[14:37] {Threei} just don't forget to ask Soviet Uniom how it worked out
[14:37] {magoo} magoo looking up the word spectrolizution in pictionary
[14:37] {dino} speaking of that sold that foreclosure sunday
[14:37] {Threei} ok, one thing I need explanation on
[14:38] {Threei} we don't want certain stocks to go down, so we ban shorts
[14:38] {Threei} but we also don't want oil to go up
[14:38] {dino} so ban longs, lol
[14:38] {Threei} what is to prevent us from baning longs on oil?
[14:38] {Threei} can't buy it
[14:38] {Threei} period
[14:38] {Threei} can sell only
[14:39] {dino} it's ok to short commodities but not stocks is the thinking
[14:39] {Threei} and can't even buy back higher than, umm, say 50.bbl
[14:39] {dino} what do you expect from politicians
[14:39] {Threei} hmmm
[14:39] {Threei} do that right thing of course?
[14:39] {Threei} act accordingly to their conscience?
[14:39] {Threei} deliver on election promises?
[14:40] {dino} it is all about getting re-elected. don't kid yourself.
[14:40] {Threei} put constituents first?
[14:40] {Threei} wait... let me wake up
[14:41] {cosmo} speculate on a 401k, why dont ya
[14:41] {Threei} great... now, after properly waking up, I expect them lie and cheat
[14:41] {Threei} sigh
[14:42] {cosmo} that can be medicated...
[14:42] {dino} i want to know when it became wrong to speculate
[14:43] {dino} it is what built this country
[14:44] {Threei} GM
[14:44] {Threei} FITCH CUTS RATINGS TO CCC FROM B-, OUTLOOK NEGATIVE
[14:45] {Threei} another bailout in the making?
[14:45] {Threei} not in a short list too
[14:45] {dino} yes, they are getting massive gov't loans
[14:46] {dino} vote is soon, they will get them
[14:46] {Threei} what a frikin burning shame
[14:46] {Chaeron} *sigh*
[14:47] {Threei} anything left in USA that actually makes money?
[14:47] {magoo} can't find spectroluationvitz in the pictionary guys??
[14:47] {magoo} is your trading room based in u.s vad?
[14:47] {Threei} it's Internet-based
[14:47] {Threei} lol
[14:48] {cosmo} we're non-local
[14:49] {dino} good thing or they would ban us
[14:49] {dino} fdx lod
[14:53] {Threei} FRE and FNM new highs
[14:54] {Threei} what's uo with those pigs
[14:54] {magoo} cosmo..u are "non-typical" lol
[14:58] {Chaeron} {Threei} what's uo with those pigs --- }} "speculators"
[14:59] {Threei} oh
[15:00] {Threei} MCD
[15:00] {Threei} NOTES BAC WILL NOT BOOST FRANCHISEE LOANS, ADVISES FRANCHISEES TO SEEK ALTERNATIVE FINANCING
[15:01] {Threei} IMCL
[15:01] {Threei} FIVE-YEAR ERBITUX DATA SHOWS SIGNIFICANT IMPROVEMENT IN SURVIVAL IN HEAD AND NECK CANCER
[15:01] {Threei} {BMY}
[15:06] {Threei} in AIG
[15:06] {Threei} too tempting
[15:06] {Threei} stop under 5
[15:08] {dino} ehth
[15:11] {magoo} where u in vad
[15:11] {magoo} do not want to chase
[15:11] {Threei} .15
[15:11] {Chaeron} I chased I guess.. .20
[15:12] {Threei} doeasn't look good
[15:14] {magoo} heres an oldie bur goodie
[15:14] {magoo} denny crane:)
[15:20] {dino} zion crash
[15:20] {Threei} darn shorts
[15:20] {Threei} wait
[15:20] {Threei} no shorts
[15:20] {Threei} spculators?
[15:20] {Threei} fre
[15:21] {Chaeron} darn govt reg
[15:21] {Chaeron} can I file for assistance for this stop?
[15:21] {Threei} I am sure
[15:22] {Chaeron} well, think of it... they get $$$ if I make money (taxes)... and everyone else is getting $$$
[15:25] {dino} sivb
[15:32] {Chaeron} stopped - .20
[15:33] {Chaeron} thank goodness for stops
[15:34] {Threei} absence of shorts doesn't work very well
[15:35] {dino} not at all, lots of banks down 5-15 bucks today
[15:37] {Threei} -320 DJI
[15:37] {Threei} time for another rescue package?
[15:38] {Threei} I mean, let's throw 700B at the market each -300 day
[15:38] {Threei} in a few weeks we might end up green
[15:40] {dino} don't count on it
[15:40] {Threei} on green?
[15:40] {Chaeron} The market was 500 trades away from Armageddon on Thursday, traders inside two large custodial banks tell The Post.
[15:40] {Chaeron} Had the Treasury and Fed not quickly stepped into the fray that morning with a quick $105 billion injection of liquidity, the Dow could have collapsed to the 8,300-level - a 22 percent decline! - while the clang of the opening bell was still echoing around the cavernous exchange floor.
[15:42] {dino} lod
[15:43] {GeoArb} sheesh
[15:43] {GeoArb} all my fertilizing and planting went to waste
[15:43] {GeoArb} arugula anyone?
[15:43] {Threei} wow AIG
[15:43] {Threei} what happened?
[15:43] {Threei} nmo news
[15:44] {dino} hmmm, new high was friday 11,483, previous was 11590. another lower high before dump
[15:45] {dino} and just about another 400 pt day.
[15:46] {Threei} the only guess I can make is, no covers to soften drop
[15:46] {dino} yes, thinking no shorts to cov. so no buyers at all
[15:47] {GeoArb} back at almost 1200 es
[15:49] {dptl} have a good evening all..see ya tomorrow :)
[15:50] {Threei} take care dop
[15:50] {Threei} dp
[15:50] {dino} later dp
[15:51] {Threei} WM??
[15:52] {Threei} TD IS REPORTEDLY CONSIDERING MAKING A BID FOR THE CO.
[15:52] {Threei} {TD}
[15:54] {Threei} now what, TD changed their mind?
[15:54] {Threei} WM MOODY'S CUTS FINANCIAL STRENGTH RATING TO E
[15:54] {Chaeron} don't think that stands for Excellent........
[15:55] {dino} (the)end
[15:55] {Chaeron} :)
[15:58] {Threei} well, they did just half of job
[15:58] {Threei} gotta ban selling by longs as well
[15:58] {Threei} then maybe...
[15:58] {Threei} US SENATOR REID: A 'RUBBER STAMP' OF MARKET RESCUE PLAN WILL NOT BE TOLERATED
[15:58] {Threei} {XLF}
[15:59] {Threei} dull and boring day
[16:00] {Threei} ends on sharo down too
[16:00] {Threei} shrp
[16:00] {Threei} did they save us or didn't they
[16:00] {dino} -4% since friday high
[16:00] {dino} dji
[16:01] {Threei} sigh
[16:01] {Threei} Ok guys, have a good evening
[16:01] {dino} u2 thx all
[16:01] {Threei} let's see if they save us once more tomorrow
[16:01] {Threei} I suspect if they save market couple times more, we will see DJI at 1000, lol
[16:02] {dino} oil biggest day on record
[16:02] {Threei} yup
[16:02] {dino} +15
[16:03] {dino} tater all, decent day
[16:11] {magoo} ty all
[16:25] {peterg} and to all a goodnight!
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