Sep 29 2008

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

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

Sep 26 2008

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

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

Sep 25 2008

Session Time: Thu Sep 25 00:00:00 2008

[08:20] {magoo} morning
[08:20] {Threei} Good morning
[08:21] {magoo} eriely quiet this morn
[08:21] {Threei} where?
[08:22] {magoo} mkts?
[08:22] {hawkfan4} good morning
[08:23] {Threei} hawk :)
[08:23] {magoo} MS moving
[08:23] {magoo} morn hawkster
[08:23] {Threei} FRE is too
[08:23] {hawkfan4} morn mags :)
[08:24] {magoo} rep kanjorsky on cnbc..basically a done deal
[08:25] {Threei} I just don't see how they can kill it
[08:25] {Threei} plunge USA and world into depression?
[08:25] {magoo} risk is great on short side ramp
[08:26] {magoo} friday..aapl reversed 11 points
[08:26] {magoo} bidu reversed 65 points
[08:26] {Threei} if you watched Pres address yesterday... how did it go?
[08:27] {hawkfan4} geesh. i don't think i traded BIDU all year. last year was my #1 stock
[08:27] {Threei} well, are you better or worse for abandoning it?
[08:28] {magoo} i did not
[08:28] {hawkfan4} like everything else, just lost it's readability for me
[08:28] {magoo} i actually been playing it everyday for the month of sept
[08:29] {magoo} im making good $$ on it...yesterday made 1700 on it
[08:29] {hawkfan4} i watched, i thought for president knucklehead it was a decent speech. he explained things pretty well, didn't sugarcoat anything
[08:29] {magoo} but ive found..can only take max 200 shares to avoid the rinse
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 493K V 450KE;
[08:30] {Threei} CONTINUING CLAIMS: 3.542M V 3.510ME
[08:30] {Threei} - Prior Initial Jobless Claims from 455K to 461K
[08:30] {Threei} - Prior Continuing Claims revised from 3.478M to 3.479M
[08:30] {magoo} and if it goes bad best to cut no more than 400 down..look to catch bounce much much lower or short..gotta be real fast..lay out exits
[08:31] {Threei} AUG DURABLE GOODS ORDERS: -4.5% V -1.9%E; EX-TRANSPORTATION: -3.0% V -0.5%E
[08:31] {Threei} - prior Durables revised from 1.3% to 0.8%
[08:31] {Threei} - prior Ex Transportation revised from 0.7% to 0.1%
[08:31] {magoo} i mentioned it to vad yesterday...got an exit point higher than ever sww on lev 2
[08:31] {Threei} CSUN
[08:31] {Threei} SIGNS MONOCRYSTALLINE SUPPLY DEAL WITH WUXI GUOFEI
[08:31] {Threei} - Supplying Wuxi Guofei with 10 MW of monocrystalline cells each year, starting from 2009 through 2015, and China Sunergy will receive an advance payment after the signing of the Agreement.
[08:31] {Threei} - Financial terms were not disclosed.
[08:32] {hawkfan4} cool beans, nice mags. i'm gonna give it a look again. Futes up 16, aapl only up .30. wierd
[08:34] {magoo} careful with it hawk, taken me much time and $$ to play it....best to play off its extreemes too, as it sh high, look for bounce
[08:35] {magoo} it follows QQQQ somewhat
[08:36] {hawkfan4} ah, ok. i used to play it 100-300 shrs max. usually 100. crazy spready mover.
[08:38] {hawkfan4} vad, do you ever trade the futures anymore?
[08:39] {Threei} not really
[08:40] {Threei} QID sometimes, as a proxy
[08:44] {Threei} http://www.telegraph.co.uk/news/worldnews/europe/russia/3074454/Russia-to-ban-Simpsons-and-South-Park.html
[08:44] {Threei} The move comes as MPs are also considering the compulsory introduction of patriotism classes in all Russian schools.
[08:45] {hawkfan4} oh boy
[08:45] {hawkfan4} now if they ban Family Guy, that's when we're in big trouble
[08:47] {Threei} well...
[08:47] {Threei} Prosecutors also alleged, without elaborating, that The Simpsons and Family Guy violate the rights of children.
[08:47] {Threei} there you go :)
[08:47] {magoo} they better not ban the new 90210
[08:48] {hawkfan4} lol
[08:48] {magoo} embarerased to admit..thats what i watched instead of dubya
[08:48] {hawkfan4} i need the diet plan that those girls are on
[08:50] {magoo} i just wish girls looked and dressed like that when i was 18
[08:53] {hawkfan4} FRE/FNM nice pullbacks
[08:55] {esemde} morning......
[08:55] {Threei} ese :)
[08:56] {magoo} es
[08:57] {esemde} just trying to get a sense of the conversation....whats this about the simpsons and Russia
[08:58] {hawkfan4} [07:44] {Threei} http://www.telegraph.co.uk/news/worldnews/europe/russia/3074454/Russia-to-ban-Simpsons-and-South-Park.html
[08:59] {cosmo} TMTA pre mkt high = 17 fwiw
[08:59] {fernp} Good morning all
[09:00] {Threei} fern :)
[09:00] {Onix} Good morning pilgrims
[09:00] {Threei} they are looking to sell, coosmo
[09:00] {Threei} Onix :)
[09:01] {cosmo} oh
[09:01] {Threei} signed two agreements with Intel
[09:01] {Threei} probable suitor I'd think
[09:02] {magoo} onix:)
[09:02] {cosmo} sell to their customer....makes sense
[09:05] {Threei} (FR) FRENCH ECONOMY MIN LAGARDE: ALL EU COUNTRIES WILL BE AFFECTED BY THE US FINANCIAL CRISIS
[09:06] {Threei} I have one question to both pres candidates: who the hell would want this job NOW?
[09:06] {cosmo} mel gibson?
[09:09] {dino} gm all
[09:10] {Threei} dino :)
[09:11] {magoo} vad, does this russian ban mean that homer, bart and family cannot travel to russia?
[09:11] {Threei} I guess
[09:12] {magoo} heres the scenario....everyone expects BIG ramp up if releif is approved...is that too obvios...OR, is it self fullfilling?
[09:13] {magoo} package approved and mkt goes down hatrd would hurt the most
[09:13] {magoo} but, mkt down already as in oversold
[09:13] {Threei} hmmm... where were you two days ago?
[09:13] {magoo} huh?
[09:13] {dino} last thursday and friday big ramp, +700 give or take, give all back this week so far. it is thursday again. watch dji 11483-10,400, new range
[09:14] {Threei} [08:34] {Threei} let me describe how I see the current situation in the market and my idea of what is coming
[09:14] {Threei} [08:34] {Threei} I believe the market is working the process of bottoming these days. Bottom, however, is a process rather than event.
[09:14] {Threei} [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.
[09:14] {Threei} [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.
[09:14] {Threei} [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:
[09:14] {dino} sell the rips
[09:14] {Threei} [08:35] {Threei} 1. While the rescue plan is being discussed, retreat and plant as much doubt as possible
[09:14] {Threei} [08:35] {Threei} 2. When the plan is adopted, spike briefly luring "reflexive players" in
[09:14] {Threei} [08:35] {Threei} 3. Drop sharply, possible making new low, shake out hopefuls as violently and rudely as possible
[09:14] {Threei} [08:36] {Threei} 4. Rally from there as fast as posssible, leaving new believers minimal chance for entry and make them chase.
[09:14] {Threei} [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.
[09:14] {Threei} and guess what... you were right there:
[09:14] {Threei} [08:40] {magoo} interesting vad
[09:15] {Threei} early onset of Alzheimer? :)
[09:15] {magoo} holy crap..after "huh" went for cup-o-joe and whammo
[09:15] {hawkfan4} lol
[09:17] {magoo} well, lets try to det more specific...approval ramp last more than one day?
[09:19] {dptl} good morning all
[09:19] {Threei} dp :)
[09:20] {Threei} as it stands now, I doubt it magoo
[09:20] {dino} thursday and fri, fri close 100 off peak, down big mon, tues......and there you have it
[09:20] {Threei} a lot depends on what happens between now and bailout being adopted
[09:20] {dino} thursday friday ramp big 600 pts combined
[09:21] {dino} watch 11483 for index shorts, imo
[09:21] {esemde} Thats an interesting paper Vad...The Telegraph...is it a rag or legit?
[09:22] {Threei} motly just news
[09:22] {Threei} mostly
[09:23] {magoo} so dino...a ramp tomorrow and next day friday
[09:24] {magoo} oh shit..todays thurs{thought it was wef}
[09:32] {Threei} CNBC'S LISEMAN: THE TOTAL BAILOUT PACKAGE WILL REMAIN AT $700B, HAS BEEN TALK OF SETTING ASIDE BANKRUPTCY PROVISIONS DEMANDED BY DEMOCRATS
[09:34] {Threei} Long Setup: MS half lot, .85 trigger if holding above .70
[09:35] {Threei} invalidated, bounce candidate under .50
[09:36] {Threei} don't be in a rush, let it stabilize to jump in
[09:36] {Threei} first strength from here
[09:37] {peterg} good morning; ok no simpsons in russia
[09:37] {Threei} ugh... and we can't short this
[09:37] {esemde} SQNM at .40 if it stays above .00
[09:37] {Threei} HOUSE MAJORITY LEADER HOYER: PASSAGE OF THE BAILOUT PACKAGE IS POSSIBLE IN THE NEAR TERM, "MAYBE TODAY"
[09:37] {Threei} hi peter
[09:38] {Threei} anyone caught MS?
[09:38] {magoo} missed
[09:38] {Threei} me too
[09:38] {esemde} long SQNM .43
[09:39] {Onix} in @.69 sold @.86 ty
[09:39] {Threei} :)
[09:39] {Threei} round 2 is coming
[09:39] {esemde} 3/4 lot
[09:40] {magoo} in .33
[09:40] {Threei} got .24
[09:40] {esemde} out SQNM .73 +.32
[09:40] {Threei} 24.24
[09:41] {esemde} Out .75 sorry
[09:41] {hawkfan4} nice es
[09:41] {esemde} tks
[09:41] {Threei} out +1
[09:41] {Threei} wtg ese
[09:41] {magoo} out .22
[09:41] {Onix} wtg!
[09:41] {magoo} almost point
[09:41] {esemde} Vad's even nicer
[09:41] {Threei} yup
[09:41] {magoo} TY
[09:41] {Threei} welcome sir
[09:41] {magoo} easy button
[09:42] {Threei} no way to call exact entry on such setups, either you get a feel for it or stay away
[09:42] {Threei} general idea is to let extreme selloff play itself out and jump on a first strength
[09:43] {dino} sm l amzn .30
[09:45] {magoo} might give us rd 3 vad
[09:45] {esemde} b stop L CTXS .01
[09:46] {Threei} mags, this time around I would rather play 24 break
[09:46] {Threei} if stays above 23.80
[09:47] {Threei} nice AMZN dino
[09:47] {magoo} in 04 vad
[09:47] {Threei} out half MS
[09:47] {magoo} out .23
[09:47] {Threei} stop to .95
[09:48] {magoo} full out
[09:48] {magoo} oops
[09:48] {Threei} offering balance at .55
[09:48] {magoo} reload near 24
[09:48] {Threei} "even if I am greedy, it's very sincere"
[09:49] {dino} out amzn .75, +.45
[09:50] {esemde} sincerely greedy......I like that in a trader.......good quality to have
[09:50] {magoo} dino greediest trader i know lol
[09:50] {Threei} stop to 24.09, no lose teritory
[09:50] {magoo} rubbing off on vad
[09:50] {esemde} I'll say!!
[09:50] {Threei} direct hit
[09:50] {hawkfan4} Vad, is there a way to create a script so that every time dino's name comes up i say good job?
[09:50] {Threei} a bit too soon
[09:51] {magoo} io gotta start hangin with ya longer
[09:51] {Threei} lol hawk
[09:51] {esemde} long CTXS .01
[09:51] {magoo} but..yrs and years of vad yelling "magoo...u out yet??magoo...get out!"
[09:51] {esemde} 1/2
[09:51] {dino} lol hawk
[09:51] {hawkfan4} :)
[09:51] {Threei} but I also tell you: if you feel strong momo, partial
[09:51] {Threei} don't get full out
[09:52] {esemde} stop .80
[09:52] {magoo} funny though..vad, my change
[09:53] {Threei} OK, I am officially an idiot
[09:53] {Threei} on first morning FRE dive under 2 got 5K at .98
[09:54] {Threei} sold 2.10
[09:54] {Threei} sigh
[09:55] {hawkfan4} i'm with you vad, kept FNM overnight from .81, and am still looking at my order to sell it at 2.29 that i never entered
[09:56] {Threei} well... your angle of idiocy is more profitable than mine
[09:56] {esemde} out CTXS .98 -.03
[09:56] {esemde} ....blasted phones ringin
[09:56] {hawkfan4} lol, i'm a slightly happier idiot
[09:57] {dino} pcln sm l .75
[09:58] {Threei} RIMM
[09:59] {dino} same here es, distractions
[09:59] {Threei} 98 break long
[09:59] {Threei} if stays above .80
[10:00] {Threei} AUG NEW HOME SALES: 460K V 510KE, -11% M/M
[10:00] {Threei} - prior revised from 515K to 520K
[10:01] {magoo} got rIMM .99
[10:02] {esemde} Ok back L Gild .75
[10:03] {esemde} 1/2, .60 stop
[10:03] {peterg} took my .18 from RIMM thanks
[10:03] {magoo} missed ,44 exit
[10:04] {magoo} stop .80 here
[10:04] {magoo} dammit
[10:05] {GeoArb} gm
[10:06] {magoo} good stop anyway
[10:06] {Threei} hi Geo
[10:06] {Threei} mags, yes, but
[10:06] {magoo} geo:)
[10:06] {Threei} firat, entry was somewhat compromized by losing .80,
[10:07] {magoo} well..itt worked..i saw .29
[10:07] {Threei} while it's a bit arbitrary, in a sense that it's not necessary makes entry forbidden,
[10:07] {magoo} judst petered out
[10:07] {Threei} it does call for quick exit
[10:07] {Threei} it went as high as .39
[10:07] {Threei} which is almost 1:2
[10:07] {magoo} i was out there .44
[10:07] {esemde} out GILD .96
[10:07] {esemde} + .21
[10:08] {Threei} wtg ese
[10:08] {peterg} Principia Tradiamos
[10:08] {esemde} tks.....
[10:08] {Threei} what happened?
[10:08] {esemde} who what whre?
[10:08] {magoo} huh?
[10:08] {Threei} market explosion
[10:08] {esemde} where?
[10:09] {Threei} ahh
[10:09] {Threei} CONGRESSMAN FRANK: HOUSE AND SENATE DEM'S HAVE AGREED ON A BILL, NOW NEGOTIATING WITH REPUBLICANS
[10:09] {Threei} but that's not the problem
[10:09] {esemde} oh ya...look at Gild
[10:09] {Threei} dems were agree to it
[10:09] {magoo} whatta we doooooooooooooooooooo
[10:09] {magoo} lol
[10:09] {Threei} it's reps who had most reservations
[10:09] {magoo} AAAAAHHHHHHHHHHHHHHHHHHH
[10:09] {magoo} HHHHHHHHELPPPPP
[10:09] {magoo} BY BUY BUY
[10:09] {Threei} there comes help:
06[10:09] * Threei slaps magoo around a bit with a large trout
[10:10] {magoo} ty vad..i NEEDE that
[10:10] {Threei} always
[10:10] {peterg} careful
[10:10] {esemde} mags your hot this morning baby!!!!!hot!!!!
[10:10] {peterg} its a jungle out there
[10:10] {magoo} i am
[10:10] {peterg} remember vads theory; theyll sucker you in, then crush you
[10:11] {esemde} must be...
[10:11] {esemde} Vad just wacked you with a trout
[10:11] {magoo} i got real lucky..hit bidu 69.19 1 sec before xpllosion to exit 271.25
[10:11] {Threei} you all remember the plan for bailout pass, right?
[10:11] {magoo} HUH?
[10:11] {GeoArb} no
[10:11] {Threei} sigh
[10:12] {Threei} scroll up then
[10:12] {magoo} could u paste it??
[10:12] {peterg} Big Rinse Comin
[10:12] {Threei} 9:14
[10:12] {Threei} scroll up and don't make me work twice
[10:12] {GeoArb} replay doesnt go that far back :(
[10:12] {Threei} trice actually
[10:13] {Threei} grrr
[10:13] {Threei} go to trading log then
[10:13] {Threei} Sept 23
[10:13] {GeoArb} ok :( will do at end of day
[10:13] {GeoArb} heheheh ok
[10:14] {Threei} WHITE HOUSE ADVISOR LAZEAR: DON'T THINK THE DEAL IS DONE BUT WE ARE MAKING PROGRESS ON THE BAILOUT PACKAGE
[10:15] {Threei} - hopeful something can be announced shortly
[10:15] {esemde} is that driving the market
[10:15] {dino} it will be, grandstanding thats all
[10:16] {Threei} I think so too
[10:16] {Threei} no alternative
[10:16] {Threei} yes ese
[10:17] {dino} fwlt sm l .49, ilmn sm l .01
[10:18] {cosmo} CRAI healing ... i think
[10:18] {cosmo} spreads not friendly...
[10:18] {esemde} nice move by GILD up a buck from where i had gotten in
[10:19] {magoo} i hope announcement not afterhrs
[10:19] {magoo} BIG gap up hard to trade
[10:20] {magoo} CNBC news
[10:20] {dino} magoo afterhours ar bar
[10:23] {magoo} now thats deflationary dino
[10:24] {esemde} outta here all...am not liking tues and Thurs...see you tomorow
[10:24] {magoo} bye es:)
[10:24] {peterg} ese!
[10:24] {Threei} take care ese
[10:26] {Threei} REP. SHERMAN (D): IF THE BAILOUT BILL DOES NOT PASS THIS WEEKEND, IT WILL NOT LIKELY PASS IN ITS CURRENT FORM
[10:26] {GeoArb} not again!!!!!
[10:27] {GeoArb} YHOO Ticks to session highs on vague chatter of renewed talks with Microsoft
[10:27] {dino} out fwlt .13, +.65
[10:27] {fernp} gj dino
[10:28] {Onix} good one dino
[10:28] {dino} ty
[10:28] {Onix} i'm in ilmn @ .97
[10:29] {dino} ok, need a bit of irish luck
[10:30] {Threei} GM
[10:30] {Threei} ANNOUNCES $370 MILLION INVESTMENT FOR NEW SMALL ENGINE MANUFACTURING IN NORTH AMERICA
[10:30] {Threei} bigger and faster turns into smaller and slower
[10:30] {Threei} new paradigm
[10:30] {GeoArb} smaller and greener
[10:30] {GeoArb} marketing vad
[10:32] {GeoArb} whats up with gold...
[10:32] {GeoArb} tanking
[10:32] {Threei} good
[10:37] {Threei} US HOUSE REPUBLICAN LEADER BACHUS: HOUSE IS NOT CLOSE TO A DEAL ON THE RESCUE DEAL
[10:37] {Threei} rofl
[10:37] {magoo} crap..retarded
[10:37] {GeoArb} why do they have to keep making statements?
[10:37] {dino} they should all just shut up
[10:38] {GeoArb} thank you dino
[10:38] {Chaeron} you mean and concentrate on the matter at hand? you give them too much credit.... Good morning all
[10:38] {GeoArb} hey chaeron
[10:39] {dino} they already know the deal and the vote, just looking for free publicity
[10:39] {Chaeron} hi Geo
[10:39] {magoo} chairBROILbaby
[10:39] {Chaeron} heheh magoo :) gotten a Threei trout so far this morning?
[10:39] {magoo} i believe i have
[10:40] {magoo} have i vad?
[10:40] {Chaeron} here... have another -
[10:40] {Chaeron} haha... made you duck
[10:40] {GeoArb} tch tch
[10:40] {magoo} i was he he
[10:41] {magoo} im like"whats taking him so lomng?"
[10:43] {cosmo} CRAI cup&handle fyi
[10:43] {cosmo} 29.30 hod
[10:46] {dptl} got to go....have a good day all:)
[10:46] {Threei} take care dp
[10:46] {Threei} FRE just won't wuit
[10:46] {Threei} quit
[10:47] {Threei} Obama is speaking on CNN... global education fund
[10:48] {Threei} malaria community
[10:48] {Threei} very important topic right now
[10:48] {magoo} how does he know everything about everything?
[10:49] {GeoArb} he say the abyss and studied up i guess
[10:49] {GeoArb} single family food stamp child
[10:49] {GeoArb} lololol
[10:49] {GeoArb} not the answer i guess
[10:50] {Threei} ECB'S GONZALEZ PARAMO: GLOBAL ECONOMY NEGATIVELY AFFECTED BY THE RECENT FINANCIAL TURMOIL
[10:50] {Threei} no, really???
[10:50] {magoo} ya think?
[10:50] {dino} kids used to tease him and call him b.o.
[10:50] {GeoArb} hahahahahaha
[10:50] {hawkfan4} geesh, profound
[10:51] {Chaeron} my girlfriend went to school with him in HI... her brother too... THEY'RE not voting for him
[10:52] {GeoArb} too self obsessed?
[10:52] {Threei} US HOUSE PELOSI: PLEASED WITH PROGRESS ON RESCUE PLAN DISCUSSIONS
[10:52] {Threei} {XLF}
[10:52] {Threei} I am crying here
[10:52] {GeoArb} NQ flat
[10:52] {Chaeron} why, I said "Hawaii"?
[10:52] {GeoArb} GC flat
[10:52] {GeoArb} CL flat
[10:52] {dino} sndk drop
[10:52] {GeoArb} ZB flat
[10:52] {Threei} lol
[10:52] {Threei} that too chaeron
[10:53] {Threei} but mostly about this neverending barrage
[10:53] {Threei} deal is close - no deal is close
[10:54] {magoo} isnt that a tv show? deal or no deal?
[10:54] {Threei} that one is better
[10:54] {Threei} a lot of pretty girls in skimpy outfits
[10:54] {dino} wynn v sm l .65, wide jumpy
[10:54] {GeoArb} i feel brave today and will take metrolink to downtown
[10:55] {Chaeron} best of luck Geo
[10:55] {Threei} ABK maybe ready for some recovery
[10:55] {GeoArb} lol chaeron
[10:56] {GeoArb} bonds/gold/spy/oil
[10:56] {GeoArb} all flatlined
[10:58] {dino} ilmn stopped
[11:00] {Threei} ABK on the move
[11:00] {Threei} FRE too
[11:00] {magoo} wheres entry?
[11:00] {Threei} pullback only
[11:00] {Threei} too sharp spike
[11:01] {Threei} 3.35 - 3.40 area is closest support
[11:03] {Threei} sharp down FRE
[11:03] {Threei} another mouth opened wide on CNBC?
[11:04] {hawkfan4} don't think so
[11:05] {Threei} if you took ABK around .45, stop .34
[11:06] {dino} fwlt l .68
[11:14] {Threei} yikes FRE
[11:14] {Threei} now what?
[11:14] {Threei} reps say no deal?
[11:15] {Threei} or paulson opened case with 1 million?
[11:16] {magoo} vad, we should have a gasmeplan for what to do immediately if IF announce approval
[11:16] {magoo} like a stock list
[11:16] {Threei} US PRESIDENTIAL CANDIDATE OBAMA: PROGRESS HAS BEEN MADE ON TARP, DEAL MAY BE NEAR
[11:16] {Threei} - These comments echo those of House Speak Pelosi
[11:18] {Threei} techs are likely to benefit as a group, mags
[11:18] {magoo} shes whispering in his ear and giving him the wink wink
[11:18] {Threei} finniesa, not as a gropu... it's going to be selectively among them
[11:19] {Threei} MS is likely to benefit
[11:19] {Threei} speaking of MS
[11:19] {Threei} forms C&H
[11:19] {Threei} .30 breakout
[11:20] {Threei} if takes it, half lot long
[11:20] {hawkfan4} cnbc saying deal is close
[11:20] {Threei} HOUSE SPEAKER PELOSI: WHITE HOUSE HAS AGREED TO THE PRINICPAL DETAILS OF THE BAILOUT PLAN
[11:21] {peterg} Does that mean we're near a deal?
[11:21] {magoo} bush on cnbc
[11:21] {Threei} did White House ever object?
[11:22] {Threei} heck, it's their plan
[11:22] {Chaeron} frickin' posturing
[11:23] {Threei} stop under .10, MS
[11:24] {Threei} MS half out, scalpers take profit
[11:25] {Threei} stop to .25, offer the balance at .85
[11:30] {Threei} anyone?
[11:31] {magoo} sorry missed
[11:31] {GeoArb} missed :(
06[11:31] * Threei goes back to monastery
[11:33] {dino} bye bye bye bye bye
[11:35] {Threei} but of course:
[11:35] {Threei} REP. BOEHNER: NO BIPARTISAN BAILOUT DEAL HAS BEEN REACHED YET
[11:36] {hawkfan4} heh, u said Boehner
[11:36] {dino} obviously
[11:36] {dino} lol
[11:37] {dino} betcha barny frank likes him
[11:38] {hawkfan4} lol
[11:38] {GeoArb} tch tch
06[11:41] * Chaeron slaps dino around a bit with a large trout
[11:41] {Chaeron} that's a first... me slapping dino :)
[11:41] {magoo} hes gay correct?
06[11:41] * Chaeron slaps magoo around a bit with a large trout
[11:41] {magoo} he just seems like pigman
[11:41] {Chaeron} magoo... you been under a rock? And yes, Clay Aiken is gay too... ok? Caught up now?
[11:42] {magoo} dammm..clays gay??
[11:42] {Chaeron} roflol
[11:42] {GeoArb} no gaydar eh magoo?
[11:42] {magoo} next you'll tell me vads gay
[11:42] {Threei} how did I get dragged into your guttery discussions??
[11:43] {Chaeron} http://www.nytimes.com/2008/09/25/arts/television/25arts-CLAYAIKENOFI_BRF.html
[11:43] {Threei} I am in monastery for the last 12 min, remember?
[11:43] {magoo} cellabit?
[11:43] {Threei} hmmm
[11:43] {Chaeron} no he's long at the moment
[11:43] {magoo} can not spell that one lol
[11:43] {Threei} I am afraid I didn't think it through
[11:44] {GeoArb} "long"
06[11:44] * Chaeron slaps GeoArb around a bit with a large trout
[11:44] {Chaeron} :)
06[11:44] * magoo slaps GeoArb around a bit with a large trout
[11:44] {GeoArb} sheesh my trout isnt working
[11:44] {GeoArb} ok that was wrong
[11:45] {Chaeron} very
[11:45] {GeoArb} hmm no right click on mirc wierd
[11:45] {dino} lol
[11:45] {magoo} geo...u have anything that actually worx?
[11:45] {GeoArb} OKKKKKK
[11:45] {magoo} oh oh
[11:46] {Threei} OK... how did I get myself involved with you guys
[11:46] {GeoArb} sudden wierd spike
[11:46] {Threei} WHITE HOUSE: NOT CLEAR WHETHER OR NOT A TARP DEAL CAN BE REACHED BY 4PM, DEAL MAY BE REACHED AFTERWARDS, PROGRESS HAS BEEN MADE
[11:46] {Threei} - Note: The meeting between the White House and Congressional leaders is scheduled for around 4pmET.
[11:46] {peterg} haven
[11:46] {Chaeron} well, Vad, you put up a site and said "All misfits that want to make great $$$ apply here"
[11:46] {magoo} well..from past posts..we are a room of idiots..anrd u posted today you are such an idiot..do the marth
[11:47] {peterg} my influence is useless; everyone wants to spell weird wierd
[11:47] {Threei} chaeron... I never thought it wlould be taken that literally
[11:47] {Chaeron} I was first in line
[11:47] {magoo} second here
[11:47] {magoo} dino third
[11:48] {GeoArb} HEY
[11:48] {GeoArb} english is a foreign language for me
[11:48] {Threei} obviously no deal during market hours can be expected
[11:48] {magoo} we distracted geo..successfully avoided fish
[11:48] {GeoArb} i mean american
[11:48] {peterg} You, geo, you are the professor
[11:48] {Threei} not good from point of view of readable movements
[11:48] {Threei} let's diminish our expectations to scalps
[11:48] {peterg} what, r u aussie?
[11:48] {peterg} nz?
[11:48] {GeoArb} "south asian"
[11:49] {magoo} just what i posted vad...afterhours..big gap..not good
[11:49] {Threei} foreign? you are lucky geo, I don't know it at all
[11:49] {Threei} I type russian words in latin letters
[11:49] {peterg} we are all foreign
[11:49] {GeoArb} there are two languages... american and queniee
[11:49] {Threei} somwetimes people around pretend they understand
[11:49] {GeoArb} no one knows where english is
[11:50] {peterg} english be world tongue
[11:50] {GeoArb} (ok i made queenie up)
[11:50] {peterg} Im likin pijjen englsh
[11:50] {peterg} Love language in aruba
[11:50] {GeoArb} of course yo do peter
[11:51] {GeoArb} vad........
[11:51] {peterg} queenslaqnd austrailaiaiala
[11:51] {GeoArb} please may I make some money?
[11:51] {peterg} good idea
[11:51] {Threei} kscuse me
[11:51] {GeoArb} my scanners are frozen
[11:51] {Threei} you haven't yet?
[11:51] {GeoArb} i missed MS :(
[11:52] {Threei} how many calls did I make today and how many of them are worked?
[11:52] {GeoArb} was in late
[11:52] {GeoArb} :(
[11:52] {Threei} have worked
[11:52] {GeoArb} i apologize...
[11:52] {GeoArb} magoo say somethign !!!!!
[11:52] {Threei} nope... too late
06[11:52] * Threei slaps GeoArb around a bit with a large trout
[11:52] {GeoArb} no intervention at all
[11:56] {magoo} hows this??
06[11:56] * magoo slaps GeoArb around a bit with a large trout
[11:56] {magoo} brb
[11:56] {GeoArb} (wounded)
[11:56] {GeoArb} ok genuine Q
[11:57] {GeoArb} what do you guys do at times like this?
[11:57] {GeoArb} clip nails? brush teeth?
[11:57] {GeoArb} i am having trouble sitting on hands
[11:57] {GeoArb} specially the guys who dont post?
[11:58] {GeoArb} even dino not posting trades today
[11:59] {Chaeron} Magoo... dcc
[12:01] {dino} these big gap opens don't really fit my style geo. so i am heating up chicken wings
[12:02] {GeoArb} ok dino
[12:02] {peterg} got lots of alternatives in my office in downtown
[12:02] {GeoArb} like?
[12:02] {GeoArb} downtown where peter?
[12:02] {peterg} minneapolis
[12:02] {GeoArb} ok
[12:03] {peterg} read, do business,
[12:03] {GeoArb} ok so you dont trade exclusively
[12:04] {peterg} nope, not at all
[12:04] {peterg} cant
[12:04] {dino} real estate spec. and trading. they are out to put an end to me, a i am a speculator
[12:05] {GeoArb} yeah tough times right now
[12:05] {peterg} we want dino to live!
[12:05] {dino} lol
[12:06] {GeoArb} talking about speculations dcc pls dino
[12:06] {dino} ok
[12:08] {Threei} US CHAMBER OF COMMERCE: NOT CHANGING ECONOMIC FORECAST, STILL EXPECT A MILD RECESSION
[12:08] {Threei} hey, mild recession looks very rosy forecast at this point
[12:11] {magoo} back
[12:14] {Threei} you left?
[12:15] {dino} if he doesn't stop jumping around, i'm going to throw something
[12:15] {GeoArb} chicken wins?
[12:15] {dino} y
[12:15] {GeoArb} oil spike
[12:15] {GeoArb} on highs now
[12:15] {dino} wow
[12:18] {magoo} or a shoe maybe?
[12:18] {GeoArb} didnt wm get downgraded again?
[12:19] {dino} i see n.korea wants to open the nuclear area again, now that they received their free food and oil
[12:22] {Threei} sure... they get rewarded for doing certain thing, they want to repeat it
[12:22] {Threei} pavlov's dogs proved the concept
[12:23] {dino} same thing will happen in spring
[12:24] {Threei} AIG woke up again for some reason
[12:26] {Threei} US HAS REPORTEDLY SUSPENDED CONSULAR SERVICES IN PAKISTAN
[12:28] {Threei} REPORTEDLY IRAN IS UNDERTAKING A LARGE-SCALE REORGANIZATION OF DEFENSE MINSTRY AND THE REVOLUTIONARY GUARDS
[12:29] {GeoArb} ummmmm
[12:29] {Threei} they rename it to Offense ministry?
[12:29] {GeoArb} any good news vad?
[12:29] {Threei} yes
[12:29] {Threei} Green party of Canada suggested to rename Military Depratment into Department of Peace
[12:29] {GeoArb} i am thinking od cancelling ttn and saving 50 bucks
[12:30] {GeoArb} vad's hard at work anyway
[12:30] {peterg} More news: I had the fresh lasagna smothered in meat sauce today; very good indeed
[12:31] {peterg} lunch in the midwest
[12:31] {hawkfan4} out 2/3 FNM +.89 from yesterday
[12:31] {GeoArb} nice hawk
[12:31] {hawkfan4} thx
[12:31] {GeoArb} how big if i may ask...... uncertain times for me to hold overnight
[12:31] {dino} lol peter, and i settled for bar-b-q chicken wings
[12:32] {hawkfan4} had 3300 shrs
[12:32] {GeoArb} wooooo
[12:32] {GeoArb} impressive
[12:32] {dino} gj hawk, gutsy
[12:32] {peterg} gotta love that; both wings and hawks shares
[12:32] {hawkfan4} yep, thx. it was a bit uncomfortable
[12:36] {dino} then stand up
[12:37] {hawkfan4} lol :)
[12:37] {Threei} lol
[12:46] {Threei} GREENBERG INTENDS TO ENGAGE IN OPEN-MARKET AIG STOCK SALES
[12:46] {Threei} what does it mean?
[12:46] {Threei} he intends to sell?
[12:46] {Threei} buy?
[12:47] {dino} means nothing
[12:47] {hawkfan4} From amended SC 13D filing: The Reporting Persons presently intend to engage in open-market sales of shares of Common Stock for liquidity and other purposes. Such sales may be made at such times, in such amounts and at such prices as each of the Reporting Persons may in its sole discretion determine. Such sales may, individually or in the aggregate, materially decrease the percentage of the outstanding Common Stock of the Issuer beneficia
[12:47] {Threei} that's one more way to look at it
[12:48] {dino} :)
[12:49] {dino} magoo intends to engage in open market trades of bidu
[12:51] {dino} what does it mean?
[12:53] {Threei} SENATOR DODD: DEMOCRATS AND REPUBLICANS HAVE REACHED AGREEMENT ON THE PRINCIPALS OF THE BAILOUT BILL
[12:53] {Threei} {SPY TLT}
[12:57] {Threei} - Hopes that Congress will be able to act within days to pass the legislation.
[12:57] {Threei} - Rep. Frank: We are on track to pass the bailout bill, negotiators have agreed on some provisions of the plan.
[12:57] {GeoArb} its all about ceo paychecks
[12:57] {Threei} yep:
[12:57] {Threei} BUSH ADVISOR HENNESSEY: EXECUTIVE PAY PROVISIONS WILL LIKELY BE PART OF FINAL AGREEMENT
[12:57] {GeoArb} or else they would be done a week ago
[12:58] {Threei} my favorite part is paulson's argument:
[12:58] {GeoArb} put some limits.... on worst case the ones who seserve it will go to dubai :)
[12:58] {Threei} without nice salaries not all compnaies will be on board
[12:58] {Threei} wtf?
[12:58] {Threei} they don't need a bailout then, let them fail
[12:58] {GeoArb} yeah i really want to see the ceo who doesnt get on board to protect his paycheck
[12:58] {GeoArb} and burns his company
[12:59] {Threei} that's preposterous
[12:59] {Threei} even more preposterous the fact that he really said that
[12:59] {GeoArb} what happenned to the risk part of reward?
[12:59] {GeoArb} socialists
[13:00] {GeoArb} my logic is if te ceo is that good get bailout and pay cut then leave and see what open market pays for you
[13:02] {Threei} SENATOR BENNETT: EXPECTS AGREEMENT ON BAILOUT PLAN THAT CAN PASS CONGRESS AND BE SIGNED BY PRESIDENT BUSH
[13:02] {GeoArb} hows that news?
[13:02] {Threei} hey
[13:02] {Threei} I don't write them
[13:02] {GeoArb} can you imagine the job of the person who types all this
[13:02] {GeoArb} one frustated guy
[13:03] {GeoArb} ok something is out
[13:04] {hawkfan4} press conference on cnbc right now
[13:06] {dino} i want to buy some of these "distressed houses"
[13:07] {Threei} can I have Al Gore's distressed house?
[13:07] {GeoArb} i want the mccain 9
[13:07] {magoo} only if u assume his electric bill vad
[13:07] {GeoArb} exaactly
[13:07] {GeoArb} isnt ecactly "green"
[13:07] {Threei} nope, he will pay it, out of his extreme green consciousness
[13:07] {magoo} thats my point
[13:07] {Threei} and he will by carbon offsets
[13:08] {GeoArb} i really think gore made out like a bandit
[13:08] {GeoArb} richer than bush many times over now
[13:08] {GeoArb} green my ##$%#
[13:15] {Threei} no respect for Nobel prise winner
[13:15] {cosmo} so... is it good to have a distressed house right now?
[13:15] {GeoArb} comon vad...
[13:16] {Threei} wait... that prise lost right for respect since it was awarded to Arafat
[13:16] {GeoArb} thank you
[13:17] {dino} agree vad
[13:17] {dino} terrorist bastard
[13:17] {GeoArb} correction
[13:18] {GeoArb} rich terrorist bastard
[13:18] {Threei} Cash Levels in Money Market Funds are at historic levels
[13:18] {Threei} The chart shows the ratio of money market fund assets to the market value of the S&P 500. The ratio is now nearly as high as it was in 1982, the start of the great 1982-2000 bull market.
[13:18] {dino} hmmm
[13:18] {cosmo} lets do it
[13:20] {GeoArb} so do we know what NYFIX is?
[13:20] {cosmo} well, not first hand
[13:21] {GeoArb} you on laser cosmo?
[13:21] {Threei} Fixer-upper in New York?
[13:21] {cosmo} nope
[13:21] {GeoArb} 10:12:18 ADMIN7 --} (All): NYFIX having issues streetwide. We are calling to mass cancel.
06[13:21] * laserdave1 slaps Threei around a bit with a large trout
[13:21] {GeoArb} heheh dave
[13:21] {Threei} awww
[13:21] {Threei} and I was watching for him to appear
[13:21] {laserdave1} haha in knwo
06[13:22] * magoo slaps laserdave1 around a bit with a large trout
[13:22] {dino} what are you guys talking about?
[13:22] {GeoArb} some ecn having issues
[13:23] {dino} ok
[13:25] {Threei} it's not ECN
[13:26] {Threei} it's one of routes for NYSE listed
[13:26] {Threei} dave can shed more light
[13:26] {GeoArb} dave?
[13:26] {Threei} I for one simply use ISLD for listeds
[13:26] {GeoArb} how about nasdaq?
[13:26] {Threei} same
[13:26] {GeoArb} and amex?
[13:26] {Threei} same
[13:26] {Threei} look at MS
[13:27] {Threei} at FRE
[13:27] {Threei} at AIG
[13:27] {Threei} at QID
[13:27] {Threei} what is there that you couldn't hit with ISLD, route out checked?
[13:27] {Threei} FRE fell of a cliff
[13:28] {GeoArb} wierd price action
[13:29] {GeoArb} ok nyfix is a dark pool for pan euro cash equities
[13:29] {GeoArb} http://www.thinkliquidity.com/
[13:30] {dino} as opposed to a bright pool?
[13:31] {GeoArb} heheh
[13:35] {dino} hod
[13:37] {dino} sm dxpe .00
[13:39] {Threei} AIG
[13:39] {Threei} REPORTEDLY EXECUTIVE SAYS COMMERCIAL INSURANCE UNITS WORLDWIDE ARE NOT FOR SALE
[13:40] {GeoArb} ncie MS spike
[13:45] {GeoArb} daid ya play that dino?
[13:45] {GeoArb} did ya
[13:46] {dino} no
[13:46] {Threei} MS is half long here with .25 stop if market starts upticking
[13:47] {magoo} if market starts upticking
[13:49] {Threei} rather bounce cadnidate now
[13:50] {Threei} WSJ: CONGRESS HAS REACHED A 'TENTATIVE' AGREEMENT ON TARP BILL, FULL $700B WILL BE APPROVED BUT WITH INSTALLMENTS, $250B AVAILABLE IMMEDIATELY
[13:53] {dino} idiots
[13:53] {GeoArb} ?
[13:54] {dino} installments, markets won't like that imo
[13:54] {cosmo} is this the NY fix?
[13:54] {GeoArb} hehehe good one cosmo
[13:54] {Threei} and it'smeaningless
[13:54] {cosmo} :)
[13:57] {dino} cbbo
[13:58] {Threei} FRE nosedive
[14:03] {peterg} not naming names, but I will be forced to slap some with fish unless proper spelling of weird is accepted and used; it is WEird, not WIerd, OK???
[14:03] {GeoArb} word
[14:03] {Threei} hmmm
[14:04] {GeoArb} i confess that i spell english fonetically
[14:04] {Threei} fish blackmail
[14:04] {magoo} ibefore e except after c
[14:04] {peterg} and sometimes w
[14:04] {GeoArb} sheesh
[14:05] {dino} touchy peter?
[14:05] {peterg} wildly
[14:05] {peterg} working on it
[14:05] {GeoArb} http://en.wikipedia.org/wiki/Wierd
[14:05] {dino} lol
[14:06] {peterg} good
[14:06] {peterg} so is word, but not the one we like here, in the sense of strange
[14:07] {Threei} US TREASURY: FOCUS TO MAKING SURE THAT THE FINAL APPROVED PACKAGE IS IN FACT EFFECTIVE
[14:08] {peterg} goodo
[14:08] {Threei} FED'S EVANS: AN EXTREME LACK OF CONFIDENCE HAS CHARACTERIZED THIS CREDIT MESS
[14:08] {peterg} good-O
[14:08] {peterg} british usage
[14:10] {dino} out fwlt at .10, +.41
[14:10] {peterg} nice
[14:11] {GeoArb} 27 on MS seems a line in the sand
[14:11] {Threei} unless market drops more
[14:11] {dino} took all afternoon
[14:12] {peterg} working for your moneyh
[14:14] {Threei} (RU) PM PUTIN: RUSSIA IS PREPARED TO EXAMINE COOPERATION WITH VENEZUELA IN THE NUCLEAR ENERGY SECTOR
[14:14] {GeoArb} what???
[14:14] {GeoArb} just what we need
[14:14] {peterg} cuban missle crisis all over again soon
[14:15] {GeoArb} MS shat its &*%^%
[14:15] {magoo} mkts falling
[14:16] {dino} glts
[14:17] {Threei} UPDATE: SOME REPUBLICANS SAYING THEY STILL HAVE NOT SIGNED OFF ON THE BAILOUT BILL
[14:17] {Threei} - House Minority Leader Boehner says they have not reached an agreement yet, but looks forward to working out the details - MSNBC
[14:18] {Threei} mama
[14:18] {Threei} look FRE
[14:18] {hawkfan4} geez FRE
[14:20] {magoo} unreal vad
[14:21] {GeoArb} fnm too
[14:21] {GeoArb} i thought no one could short
[14:21] {Threei} US REP FRANK: BANKRUPTCY ASPECTS OF BILL STILL A POINT OF CONTENTION, REITERATES WSJ REPORT THAT A 'TENTATIVE' AGREEMENT WAS IN FACT REACHEDD
[14:22] {Threei} was I right siting on a sideline or what
[14:22] {hawkfan4} holy moses
[14:22] {Threei} US HOUSE REPUBLICANS HAVE REPORTEDLY PROVIDED A MORTGAGE INSURANCE PLAN AS ALTERNATIVE TO TARP
[14:22] {Threei} {FNM FRE}
[14:23] {peterg} bounce?
[14:23] {hawkfan4} Vad, now your exit looks pretty good :)
[14:23] {Threei} lol
[14:23] {Threei} no idea peter
[14:23] {Threei} this is not your normal trading
[14:24] {peterg} nope
[14:24] {GeoArb} anyone swinginf for the fences?
[14:24] {Threei} for feces rather
[14:24] {GeoArb} hehehe
[14:24] {magoo} what IS normal?and whos to say?
[14:24] {GeoArb} wo... philosophical
[14:26] {Threei} jeez
[14:28] {Threei} can you believe this action on superthick cheap stocks?
[14:29] {Threei} CLNE
[14:29] {Threei} TICKING HIGHER AFTER FILING DISCLOSES LARGES HOLDER T BOONE PICKENS HAS ACQUIRED 300K+ SHARES
[14:29] {laserdave1} fre so sick
[14:30] {peterg} mkn $ in it
[14:30] {peterg} there, in the black at last thanks FRE
[14:31] {Threei} so, how do they drop that much in absence of short?
[14:31] {Threei} that was rhetorical question
[14:34] {dino} gtls l .85
[14:41] {Threei} you will laugh but
[14:41] {Threei} REP. CANTOR: DOES NOT SEE WIDESPREAD SUPPORT FOR BAILOUT AMONG REPUBLICANS
[14:42] {Threei} Cantor is the deputy republican whip in the House, responsible in part for tallying party support for bills under consideration.
[14:47] {magoo} vad..its time for my ?
[14:48] {Threei} down... unless they say bill has passed
[14:48] {Threei} or almost passed
[14:48] {Threei} or will almost pass
[14:49] {Threei} SEN SHELBY: WILL VOTE AGAINST BAILOUT PACKAGE IF FOREIGN BANKS ARE INCLUDED
[14:50] {magoo} rimm been a reliable tanker of late
[14:52] {Threei} FEELS IT IS BEING RUSHED, BUT SOMETHING WILL GET DONE
[14:52] {Threei} - Notes that many economists are against the bill as it stands now
[14:52] {dino} rimm earnings tonight fwiw
[14:52] {dino} what do economists know, they said all was well last month
[14:53] {Threei} lol
[14:53] {Threei} that's a very fine point
[14:53] {dino} isn't that what bernie is?
[14:56] {dino} asking for 1/4 of 1% transaction tax on all trades in rescue bill
[14:57] {dino} german foreign minister calls for international ban on speculative short selling
[14:57] {dino} the world has gone mad
[15:03] {GeoArb} wow aig
[15:03] {GeoArb} such a clean chart
[15:11] {magoo} blast off it feels
[15:13] {Threei} FNM CEO: UNCLEAR WHETHER OR NOT TREASURY CAPITAL WILL BE NECESSARY
[15:25] {Threei} nice recovery CEDC today
[15:25] {Threei} I bet traders all over the world are buying their product
[15:28] {Threei} AIG orderly selling... nice to see, women and children first to exit
[15:28] {Onix} lol
[15:31] {Threei} wow
[15:31] {Threei} now what?
[15:32] {hawkfan4} drink? punt?
[15:33] {Threei} not nice now, sharp elbows everywhere
[15:35] {Threei} with decision possibly made after hours, market doesn't want to commit to anything
[15:36] {dino} if any shorts are left, you'd think they wouldn't want to remain short overnight
[15:36] {Threei} I know I wouldn't
[15:39] {Threei} yet look at all the selling
[15:41] {Threei} FRE/FNM is Ride of the Day
[15:47] {peterg} ve must shtopp ziz szhort szelllink now
[15:47] {Threei} magoo's spirit possessed peter's body
[15:47] {dino} lol
[15:47] {peterg} 2 4 1
[15:48] {peterg} i zink ve haff zimilar zpiritz
[15:48] {Threei} we may need exorsist here
[15:48] {peterg} korrekt
[15:48] {Threei} exorcist too
[15:49] {peterg} vad du zhou zink, magster man?
06[15:49] * Threei is looking for his decoder ring
[15:49] {peterg} wjat dp you think?
[15:49] {Threei} yes
[15:49] {peterg} me too
[15:50] {Threei} or I should say, eqzaktly
[15:50] {peterg} djez
[15:51] {fernp} got to go. see you all tomorrow. good evening
[15:51] {Threei} take care fern
[15:51] {dino} dxpe stopped
[15:51] {Threei} OK guys, I am done
[15:51] {Threei} put a fork in me
[15:52] {Threei} thank you all, have a good evening, see you tomorrow
[15:52] {GeoArb} SO RUMOURS ARE
[15:52] {GeoArb} THAT EVERYONE IS GOING TO SHORT THIS RALLY TOMORROW
[15:52] {GeoArb} oops