Oct 01 2008

Session Time: Wed Oct 01 00:00:00 2008

[08:21] {magoo> morn
[08:22] {Threei> Good moring
[08:23] {magoo> lord vader
[08:25] {magoo> vad, thoughts for today? i know its early, but u must have idea}}maybe drop n pop?}}}rally ahead of vote
[08:25] {magoo> or down today because of big up yester
[08:25] {Threei> fluid situation
[08:25] {Threei> will be either volatile with each new headline
[08:25] {Threei> or quiet in a wait-and-see way
[08:26] {Threei> I mean, what's the point in forecasts when situation changes minute by minute
[08:26] {Threei> when do they vote again?
[08:26] {Threei> I thought tomorrow?
[08:28] {magoo> or friday
[08:29] {Threei> also, there are reports of alternative plan appearing
[08:42] {magoo> spwra gapper}}news?
[08:43] {Threei> no
[08:43] {Threei> general solar strength
[08:44] {Threei> why did they change symbol?
[08:45] {peterg> moring
[08:45] {peterg> morning
[08:45] {Threei> peter :)
[08:46] {peterg> make $ for me ; I'll be gone for 3 hrs, then back}
[08:46] {peterg> hate to miss best time
[08:47] {Onix> good morning all
[08:47] {Threei> onix :)
[08:53] {esemde> good morning}}}}}}}}}}love the smell of the ocean in the morning
[08:53] {Threei> ese :)
[08:54] {esemde> how bout you vad}}}}you can smell it from your house
[08:54] {Threei> pretty much
[08:56] {esemde> my house blocks the ocean smell from getting to patiences house though}}}}}i'm in the way
[08:57] {Threei> hmmm}}} that's why she is making ropund of calls searching for private buldozer
[08:57] {magoo> is there solar news vad?
[08:57] {Threei> 09/26/08 11:51am
[08:57] {Threei> US House approves tax credits for wind and solar companies
[08:57] {Threei> - Note at current voting levels a supermajority is not possible
[08:57] {Threei> - Reminder it still must go to the Senate
[09:03] {Threei> SPWRA
[09:03] {Threei> AT&T ANNOUNCES PLANS FOR RENEWABLE ENERGY SYSTEM AT ITS RAMON CAMPUS, SPWRA TO INSTALL 1MW SOLAR POWER SYSTEM
[09:06] {GeoArb> gm
[09:06] {Threei> Geo :)
[09:08] {fernp> Good morning
[09:08] {Threei> fern :)
[09:08] {pita> ola all
[09:08] {Threei> pita :)
[09:09] {magoo> short ban scheduled to come off tomorrow unless extended vad
[09:09] {Threei> hopefully they come to their senses
[09:09] {Threei> but honestly, I don't count on it very much
[09:16] {dino> gm all
[09:16] {Threei> dino :)
[09:17] {dino> talking about uptick rule, so hopefully shorts back
[09:19] {dptl> good morning all
[09:19] {hawkfan4> gm all
[09:20] {esemde> Vad is SPWRA a solar company?
[09:22] {Threei> dp, hawk :)
[09:22] {Threei> it's a former SPWR
[09:22] {Threei> not sure why change of symbol
[09:23] {esemde> ahhhh}}}as I look on my solar screen i see that spwr quotes are dead}}}}
[09:23] {dino> ge commercial credit spreads are blowing out this a}m}- kass/real$
[09:23] {esemde> tks}}}
[09:23] {dino> ge-1}30
[09:25] {hawkfan4> Doug Kass
[09:25] {hawkfan4> More Commercial Paper Problems?
[09:25] {hawkfan4> 10/1/2008 8:48 AM EDT
[09:25] {hawkfan4> I am hearing that GE Commercial Credit 5-year CDS spreads are blowing out this morning}
[09:25] {dino> lol hawk, see above
[09:26] {hawkfan4> lol, on the phone, missed that :)
[09:26] {Threei> I don't have clear candidates for the opening
[09:27] {Threei> watching NCC
[09:27] {Threei> GE
[09:28] {dino> epic
[09:28] {dino> buyout 9}50 offer
[09:28] {Threei> ELLIOT OFFERS $9}50/SHR
[09:28] {magoo> spitzer??
[09:29] {dino> hmmm is it a cabaret? like rick
[09:29] {dino> :)
[09:29] {hawkfan4> Elliot from E}T?
[09:33] {GeoArb> }
[09:33] {dino> }}
[09:34] {magoo> }}}
[09:34] {hawkfan4> }}}}
[09:34] {esemde> watching JASO}}}}
[09:37] {esemde> NUAN on the Euphoria screen}}}thats aname that hasn't come up for a while
[09:39] {Threei> Long Setup: C }41 if holding above }30
[09:39] {Threei> invalidated
[09:40] {GeoArb> fierce downward pressure on ES
[09:40] {magoo> looking up word invalidated in pictionary as i go long C lol
[09:40] {GeoArb> wow multitasking magoo
[09:41] {esemde> ESLR geo?
[09:41] {dino> yeah, he's a man of many talents
[09:41] {GeoArb> yes ese? (wondering what to say about ESLR) :)
[09:42] {esemde> i'm still in it}}}}}}
[09:42] {esemde> swing trade}}}}}
[09:43] {GeoArb> you seem to have an affinity for trading ESLR
[09:43] {GeoArb> fav stock?
[09:43] {esemde> 1800 shs avg price 6}27
[09:43] {dino> axys
[09:43] {esemde> no}}}}it's just had the crap beaten out of it like NVDA
[09:44] {esemde> although NVDA has better financials}}}}}}}no debt}}}leaves it lots of room for R&D and a leg up on competetors
[09:44] {dino> wow, you've lost me
[09:44] {esemde> i'm in no huray with those two
[09:45] {esemde> sorry mags}}}}}}
[09:45] {dino> fundamentalist
[09:46] {esemde> how bout}}}}}}}ummm}}}good cookie}}}good cookie!!!
[09:46] {dino> duh!, lol
[09:46] {esemde> i'm not really a fundamentalist anymore}}}}but I think theres a deal there
[09:47] {Threei> Long Setup: GE }61
[09:47] {Threei> }49 stop
[09:49] {esemde> i'm a convert to Vads style}}}}}}}}
[09:49] {dino> axys sm s }05
[09:50] {Threei> stopped
[09:51] {Onix> stopped GE
[09:51] {GeoArb> in }58 out }47
[09:51] {GeoArb> manual stop
[09:52] {esemde> Long SQNM }34
[09:52] {esemde> 1/2
[09:53] {esemde> ya buggar}}}stopped at }20
[09:54] {Threei> Long Setup: NCC 2}11 if stays above 2}05
[09:55] {Threei> C fooled us big time
[09:56] {esemde> ah well}}}thats what stops are for}}}}
[09:56] {hawkfan4> ISM and housing starts in 3 mins
[09:57] {magoo> l rimm }16
[09:58] {dino> eqix fast drop
[09:58] {GeoArb> that sure is a lot of offers being lifted
[10:00] {Threei> AUG CONSTRUCTION SPENDING M/M: 0}0% V -0}5%E
[10:00] {magoo> ouyt }4p0
[10:00] {magoo> naz scaring me
[10:00] {Threei> EPT ISM MANUFACTURING: 43}5 V 49}5E; PRICE PAID: 53}5 V 73}0E
[10:01] {Threei> - Employment Index: 41}8 v 49}7 prior
[10:01] {Threei> - New Orders Index: 38}8 v 48}3 prior
[10:01] {esemde> rimm is gonna gor for you mags if it gets over }60
[10:02] {esemde> spoke too soon
[10:07] {magoo> 10:00] {magoo> ouyt }4p0\
[10:08] {magoo> [10:00] {magoo> naz scaring me
[10:09] {magoo> out}}made like }24 cent
[10:10] {GeoArb> ok tired}}}} trying out OMS module for buy stop on NCC
[10:10] {Threei> lol
[10:10] {GeoArb> NCC playing head games
[10:11] {GeoArb> so speed fixed vad?
[10:11] {GeoArb> in OMS?
[10:11] {magoo> yes
[10:11] {Threei> GE
[10:11] {Threei> COMMENTS THAT FUNDING OF COMMERCIAL PAPER HAS BEEN 'SMOOTH'
[10:11] {Threei> - Note on 9/25 made similiar comments noting no difficulty in funding operations with commercial paper
[10:11] {dino> eqix sm l }90 risky fast
[10:11] {GeoArb> all set up and play presse !
[10:11] {dino> sounds familiar, "all is well"
[10:12] {magoo> need to hit green arrow start
[10:12] {Threei> yeah, scary
[10:12] {GeoArb> play presse !
[10:12] {GeoArb> pressed
[10:12] {GeoArb> wow C
[10:13] {magoo> l aapl }99
[10:16] {magoo> stop }49
[10:16] {magoo> only 300 sh
[10:18] {GeoArb> yeah
[10:18] {GeoArb> NCC nvalid?
[10:18] {Threei> US SENATE BILL HAS REPORTEDLY INCLUDED PROVISIONS TO SUSPEND 'MARK TO MARKET' ACCOUNTING
[10:18] {Threei> - Note this issue was a point of contention among republicans lobbying for its inclusion
[10:18] {Threei> yeah
[10:18] {GeoArb> oh i thought they were offended
[10:18] {GeoArb> by speeches
[10:18] {magoo> l rimm }20
[10:19] {magoo> 300 sh
[10:19] {magoo> stop}64
[10:20] {Threei> Long Setup: C }50 break
[10:20] {Threei> }39 stop
[10:21] {magoo> in C
[10:21] {magoo> oout rim }58
[10:26] {Threei> C 1:1 half out
[10:26] {magoo> aapl stopped blows
[10:26] {Threei> has more potential than scalp
[10:27] {magoo> c u mean
[10:28] {dino> out eqix }55, +}65
[10:28] {Threei> wtg
[10:29] {Threei> CNBC'S FABER: CREDIT WORRIES CIRCULATING AROUND GE THIS MORNING ARE PARTLY DUE TO PROBLEMS AT LONDON'S SIGMA DISCUSSED BY MOODY'S
[10:29] {dino> t sm l }50
[10:31] {Threei> sigh
[10:31] {Onix> stopped C
[10:32] {esemde> L} ASBC }65
[10:33] {dino> cov axys }20,
[10:33] {dino> +}85
[10:33] {Threei> Long Setup: JPM }95 half lot
[10:34] {Threei> stop under }80
[10:34] {esemde> vads gonna kill me for this}}}but I went 3/4 lot}}}}levels are thin}}}}}}
[10:34] {Threei> on what?
[10:35] {esemde> ouch}}}was that a swipe across the ears}}}}}}
[10:35] {Threei> *DOE CRUDE: +4}28M V +3ME; GASOLINE: +901K V -1}8ME; DISTILLATES: -2}36M V -1}3ME;
[10:37] {Threei> US SENATOR SCHUMER: PUBLIC TONE ON RESCUE BILL HAS 'CHANGED', BELIEVES WILL PASS IN HOUSE AND SENATE - CNBC COMMENTS
[10:37] {dino> he must be a partier, being on that "joint" committee
[10:37] {Onix> in JPM @ }95
[10:38] {hawkfan4> lol dino
[10:38] {Threei> come on JPM, take that 48 and go
[10:40] {esemde> out ASBC avg }88 + 23
[10:40] {Threei> gj
[10:41] {dino> ge sm l }50, stop }14
[10:41] {esemde> tks}}}}}}makes up for the }14loss in SQNM
[10:42] {esemde> I'll take my punishment now}}}}}swat across the ears and a "don't do that again if you know whats good for you" lecture
[10:43] {GeoArb> sigh JPM
[10:43] {Threei> what the deuce
[10:43] {GeoArb> any boots vad?
[10:44] {Threei> market just can't raiuse its head
[10:44] {Threei> doesn't believe in bailout passage, or doesn't think anymore it's going to help
[10:46] {dino> maybe realizes this is just a band aid, lots of junk to work thru yet
[10:47] {GeoArb> drat my OMS didnt trigger
[10:47] {Onix> stopped JPM
[10:47] {GeoArb> laserdave around?
[10:48] {GeoArb> error code 3596}}}}}}Rejected}}} advance features on ISLD not allowed
[10:48] {GeoArb> vad}}} when you have time can i compare my settins to yours?
[10:48] {Threei> I don't use OMS
[10:48] {GeoArb> eyeballs?
[10:48] {Threei> I do manual
[10:48] {GeoArb> drat
[10:48] {GeoArb> magoo?
[10:49] {Threei> did you have sell order on positive side enetered as well?
[10:50] {esemde> anyone else using a daily highs type of breakout screen}}}}}}the breakouts are just not working}}}}always big pull backs }}}}case in point , i just about went for CHPD
[10:50] {GeoArb> nope
[10:50] {GeoArb> just the stop at 78
[10:50] {esemde> same as SQNM this morning
[10:50] {GeoArb> it rejected}}} so i punched out manual at 74
[10:50] {Threei> sure you adjusted number of shares to actual position?
[10:50] {Threei> because code number you cite is the one that says no shorting on finnies
[10:51] {Threei> something in how you entered it made system think you tried to short
[10:51] {GeoArb> i was in 500 and had stop 500
[10:51] {GeoArb> but wierdly ISLD error rejected saying 200
[10:51] {esemde> BULL traps}}}}BULL sh}}}}} i think with daily highs
[10:51] {GeoArb> i think i know
[10:52] {GeoArb> i dont think OMS is intelligent it just sends it out}}}}}
[10:52] {GeoArb> anyway}}} will dcc
[10:53] {GeoArb> link for error codes please vad?
[10:53] {Threei> ?
[10:53] {GeoArb> where i can read up
[10:53] {Threei> I've no idea
[10:54] {GeoArb> ok
[10:58] {GeoArb> ok so here is why for those interested}}}}}}
[10:59] {GeoArb> if you have an offer out there then that issue comes up
[10:59] {dptl> Geo}}}i think its something with system today i got same thindg without using oms}}}
[10:59] {GeoArb> you gotta cancel the offer}}}}}
[10:59] {magoo> nasty market vad}}your C and JPM would haveworked
[10:59] {Threei> that's why I asked
[10:59] {GeoArb> its not system
[10:59] {Threei> [10:49] {Threei> did you have sell order on positive side enetered as well?
[10:59] {GeoArb> its the stupid short ban
[10:59] {GeoArb> ok vd thats just too complex
[10:59] {Threei> [10:51] {Threei> something in how you entered it made system think you tried to short
[10:59] {Threei> [10:51] {GeoArb> i was in 500 and had stop 500
[11:00] {Threei> what's complex}}}
[11:00] {GeoArb> you gotta say "child}}}} were you offerring on high?"
[11:00] {GeoArb> :)
[11:00] {Threei> execution of stop order or quick sell order while you have actaul sell order requires shorting
[11:01] {Threei> because it sells and cancels
[11:01] {Threei> shorting is forbidden on these stocks
[11:01] {Threei> thus our order doesn't go through
[11:01] {GeoArb> seeee}}}}} dumbing down works
[11:01] {Threei> that's what I meant when asked, but you said no, so I couldn't diagnose it futher
[11:01] {dptl> i see}}}that makes sense
[11:02] {GeoArb> on the positicve}}}} i thought nope}}} i was negative !!!!
[11:02] {GeoArb> lol
[11:02] {GeoArb> ok my faith in OMS is restored}}}}}
[11:02] {GeoArb> cant say about myself
[11:02] {Threei> why do you need it at all when you are here?
[11:02] {GeoArb> true
[11:02] {Threei> just liking toys or what?
[11:03] {GeoArb> well having a stop
[11:03] {GeoArb> lets me be a little less tense
[11:03] {GeoArb> thats all
[11:03] {GeoArb> but its all good
[11:03] {Threei> frikin C did just what I expected
[11:03] {Threei> just with shakeout first
[11:04] {GeoArb> wierd market
[11:04] {GeoArb> oops}}}}
[11:04] {GeoArb> wrd
[11:06] {dino> lol
[11:06] {dino> get him peter
[11:06] {GeoArb> nope he is out
[11:06] {GeoArb> [06:05] {peterg> make $ for me ; I'll be gone for 3 hrs, then back}
[11:07] {GeoArb> his spelling is poor anyway
[11:07] {GeoArb> (lets see if he reads transcripts)
[11:09] {pita> too much fun guys, gotta go
[11:09] {Threei> yeah, nothing like last two days
[11:09] {dino> fcx sm l }80, wild one
[11:10] {dino> ge stopped -}36
[11:12] {Threei> WSJ: US SENATE BILL WILL TEMPORARILY ALLOW THE FDIC TO BORROW UNLIMITED FUNDS FROM THE US TREASURY, UP FROM $30B CURRENTLY
[11:12] {dino> later pita
[11:12] {Threei> now NCC goes
[11:13] {dino> no sense to anything any more
[11:14] {dino> so}}}}}back to basics
[11:14] {patience> problem with unlimited access to the treasury, aside from the obvious, is all the other unrelated crap that financial institutions will try to bury in it
[11:14] {GeoArb> I am amazed}}}}} 3 page document and trust us
[11:14] {dino> i think thats the idea
[11:14] {GeoArb> thats all they had
[11:16] {Threei> 'long qid }91
[11:16] {Threei> Long Setup: QID }91
[11:16] {Threei> stop }82
[11:17] {GeoArb> stopped
[11:17] {Threei> why did I wake up today?
[11:18] {hawkfan4> your alarm clock went off?
[11:18] {magoo> to slap magoo?
[11:19] {hawkfan4> to get annoyed by hawk and magoo?
[11:19] {dino> reversal me and you vad
[11:19] {magoo> to BE slapped by magoo?
[11:20] {magoo> and hawk?
[11:20] {magoo> u first hawkman
[11:20] {hawkfan4> i don't know, i kinda scared
06[11:20] * Threei slaps laserdave1 around a bit with a large trout
[11:20] {magoo> its easy and fun}}go ahead}}do it
[11:21] {laserdave1> nice oneeeeeee
06[11:21] * magoo slaps laserdave1 around a bit with a large trout
06[11:28] * Chaeron slaps laserdave1 around a bit with a large trout
06[11:28] * magoo slaps laserdave1 around a bit with a large trout
06[11:28] * magoo slaps laserdave1 around a bit with a large trout
06[11:28] * magoo slaps laserdave1 around a bit with a large trout
[11:29] {dino> eqix sm l }90
[11:33] {GeoArb> vad retired to tibet?
[11:34] {Threei> years ago
06[11:35] * magoo slaps Threei around a bit with a large trout
[11:35] {GeoArb> but why? the dalai lama is out of town!!
[11:35] {Threei> what do I care
[11:35] {Threei> he smiles too much for my taste
[11:35] {GeoArb> lol
06[11:35] * magoo slaps Threei around a bit with a large trout
[11:37] {Threei> JASO
[11:37] {Threei> REAFFIRMS 2009 GUIDANCE
[11:40] {Threei> sh*t
[11:41] {GeoArb> short?
[11:41] {Threei> look at NCC 1 min
[11:41] {Threei> took 5K at }23, got fill at the bid
[11:42] {Threei> fed it into buying for a nice scalp
[11:42] {Threei> then looked at it again}}}
[11:42] {Threei> sold under }30, so you know why the expletive
[11:42] {GeoArb> any comments magoo?
[11:43] {Threei> WHITE HOUSE: THE FINANCIAL BAILOUT BILL HAS BEEN CHANGED IN A WAY THAT INCREASES ITS CHANCES FOR PASSAGE
[11:51] {magoo> u know}}}its starting to feel like the mkt doesn't give a sh@t about passage anymore
[11:51] {magoo> a sucker pop}}}and crush everyone but shorts
[11:52] {magoo> that would be a real death blow
[11:52] {Threei> that was the plan even last week
[11:52] {Threei> even moreso now
[11:52] {magoo> gggggggrrrrrrrrrrrrrrrrrrrrrrrrrrrr}}}how am i supposed to remember that i ask u?????????????
[11:52] {magoo> i thought i just thought of it
[11:52] {magoo> he he
[11:53] {Threei> here is news flash for you mags:
[11:53] {Threei> last time you also thought you just thought that
[11:57] {Threei> C makes me crying
[11:57] {Threei> feel like crying
[12:01] {dino> out fcs }70,
[12:01] {dino> =}90
[12:01] {dino> +
[12:01] {hawkfan4> nice
[12:02] {dino> ty
[12:03] {dino> worst thing that happened, imo, is the 500 pt run yesterday
[12:04] {Threei> can you believe these numbers:
[12:04] {Threei> F
[12:04] {Threei> REPORTS SEPT US VEHICLE SALES -34}6% V -26%E (UNADJUSTED BASIS); SALES TOTALED 117K UNITS, LOWEST SALES IN A MONTH THIS YEAR
[12:05] {dino> vari drop
[12:05] {hawkfan4> unreal
[12:05] {dino> they will be marking 50% off new cars
[12:07] {Chaeron> abk
[12:11] {magoo> got appt}}be back hour
[12:12] {Threei> WB catching up with the rest it seems
[12:12] {hawkfan4> just getting an order ready for WB
[12:12] {Threei> missed }27
[12:13] {hawkfan4> me too
[12:14] {Chaeron> anyone get abk?
[12:15] {patience> no, but my gold options shot up while i was in the kitchen washing dishes
[12:15] {GeoArb> :)
06[12:15] * Chaeron asks Vad for directions to monastary
[12:15] {GeoArb> geo{-off to wash dishes
[12:18] {GeoArb> have fun all}}}} in the red today
[12:18] {GeoArb> bye
[12:18] {dino> out eqix }90, +1}00
[12:18] {hawkfan4> cya geo
[12:18] {Threei> take care Geo
[12:18] {peterg> bye geo; have important spelling announcement to make
[12:18] {dino> cya geo
[12:18] {GeoArb> lol
[12:18] {Threei> NCC looks like break of }50 coming
[12:18] {dino> hmmmm
[12:19] {peterg> Went to compulsive speller's rehab workshop and learned that every wat that
[12:19] {peterg> communicates is good} So Im sorry
[12:19] {peterg> every way
[12:19] {GeoArb> air hug
[12:19] {peterg> tks
[12:19] {dino> ge last try }50 l
[12:19] {dino> eqix been very good to me
[12:29] {Threei> sheesh ABK
[12:29] {hawkfan4> holy cow, that's a mover
[12:29] {Chaeron> feel free to exit}}} oh wait}}} noone took it}}
[12:29] {Chaeron> lol
[12:30] {hawkfan4> lol
[12:30] {Threei> finally nailed WB for 6 cents
[12:30] {Threei> lol, too soon out
[12:30] {Threei> on big lots every cent is valuable
[12:31] {Threei> jeez
[12:32] {dino> rallllly
[12:32] {Threei> trying to hold NCC
[12:32] {Threei> tough, I ahve to admit :)
[12:33] {dino> vari sm l }15
[12:34] {dino> t stop to }90
[12:35] {Threei> ok, out NCC 2}61
[12:35] {Threei> 11 cents
[12:35] {Threei> anyone went for that break?
[12:35] {patience> sorry, went and dried the dishes
[12:36] {hawkfan4> still in from }11 ;)
[12:36] {Threei> jeez
06[12:36] * Threei slaps hawkfan4 around a bit with a large trout
[12:37] {Chaeron> ABK
[12:37] {Chaeron> is it done
[12:37] {Threei> no way to tell
[12:37] {Threei> pure momo play
[12:37] {hawkfan4> 1/2 out NCC }62
[12:37] {Threei> no technicals to it
[12:38] {dino> out t }05 +}55
[12:40] {hawkfan4> out rest }61
[12:40] {dino> gj
[12:40] {Threei> wtg
[12:40] {hawkfan4> thx for the heads up vad :)
[12:40] {Threei> huge
[12:40] {hawkfan4> went big too
[12:40] {Threei> considering amount of shares to play on it
[12:45] {Threei> CNBC'S LIESMAN: HOUSE STAFFER SAYS THE HOUSE WILL NOT VOTE ON THE BAILOUT BILL BEFORE FRIDAY
[12:46] {hawkfan4> geesh, wasn't it supposed to be tonight?
[12:48] {Threei> WILL NOT BRING BILL UP FOR A VOTE UNTIL LEADERSHIP BELIEVES IT HAS THE VOTES TO PASS
[12:52] {Threei> so markwet was dropping while thinking vote would be tonight
[12:52] {Threei> and soares now when it's postponed?
[12:52] {dino> oiut ge }90 +}40
[12:52] {hawkfan4> i think they said that last night, that the vote would take place Wed night at 9 pm et
[12:52] {Threei> if that's how market takes it, I'd suggest to take it odff agenda at all
[12:53] {Threei> and watch market spiking 2K points
[12:53] {Threei> don't look at NCC hawk
[12:53] {hawkfan4> lol, too late
[12:54] {hawkfan4> still in WB, so some consolation
[12:54] {Threei> I don't know where you find patience for such holds
[12:54] {Threei> no way I'd sit on 5-19K of NCC since 2}11
[12:55] {Threei> 5-10K
[12:55] {hawkfan4> i just keep my finger on the button pretty much} thought it would top out around }60
[13:00] {Raven> the HOUSE will vote tonight }}} the SENATE not before Friday }}} this is not news
[13:00] {Threei> oh boy
[13:01] {hawkfan4> ah, thx Raven
[13:01] {Raven> yw
[13:02] {Raven> question is }}} will they both be voting on the same bill
[13:02] {Raven> I doubt it
[13:02] {Raven> then the house and senate will bicker
[13:02] {Raven> over the weekend
[13:02] {Threei> as if we were not confused enough
[13:03] {Raven> lol
[13:03] {Raven> really does not matter if your trades last no more than 11 seconds
[13:04] {cosmo> }}}down from 11 days back in the day
[13:05] {Raven> those were the days
[13:06] {cosmo> telephone ruled real time
[13:11] {Raven> lol }}} yup
[13:13] {Chaeron> Hi Raven}}} sorry, was getting my quotes from my ticker-tape :)
[13:17] {peterg> hard off wall street in the sixties was Delmonico's a fabulous steak house} On entering, there was a beautiful ticker clicking away}}}
[13:17] {dino> shld
[13:18] {Threei> NBC'S GASPARINO: SOURCES SAY SEC STAFF LIKELY TO EXTEND SHORT SELLING BAN ON EVERYTHING BUT CONVERTIBLE PREFERRED SHARES
[13:18] {Threei> - extension likely today or early tomorrow; Gasparino expects the ban to be extended 10 business days to Oct 17}
[13:18] {Threei> - note: under its emergency authority the SEC can extend the ban for an additional 20 business days beyond the intial 10 day ban}
[13:19] {Chaeron> peter}}} I want one of those :)
[13:19] {peterg> steak or ticker?
[13:19] {Chaeron> both :)
[13:19] {peterg> good plan
[13:19] {cosmo> i want the 60's
[13:19] {peterg> even better
[13:20] {Chaeron> cosmo}}} you just want the drugs, sex and rock and roll
[13:20] {dptl> lol
[13:20] {cosmo> no, no }}}} just knowing what i know now
[13:21] {cosmo> 'bout sports and stuff}}}
[13:21] {Chaeron> oh sure}}} pick one long shot and bet the farm? lol
[13:22] {Raven> lol Chaeron }}} you can buy old tickers on EBay
[13:22] {Chaeron> the tick?
[13:22] {Chaeron> they tick?
[13:22] {Raven> yes }}} I doubt that the data feed exists tho :)
[13:22] {cosmo> 20 min} delay }}}sorry
[13:23] {Threei> lol
[13:23] {Raven> lol
[13:23] {Threei> got any url raven?
[13:23] {dptl> lol
[13:23] {Threei> NCC new high}}} is it for real?
[13:23] {Chaeron> when I get wealthy I'll get one}}} Thanks Raven}}} then I'll invite you over for a cigar and cognac as we stand around it in stuffy suits with spats and monocles :)
[13:23] {Raven> I looked up once on EBay
[13:23] {Raven> there were a few offered
[13:23] {Raven> no URL
[13:23] {hawkfan4> yep, something got into the little banks, BBX took off
[13:24] {Raven> lol }}} Chaeron }}} cigars stink and I don't own a frickin suit
[13:24] {Raven> cognac is another matter :)
[13:24] {Chaeron> yeah}}} like I own spats too}}}}}}}}
[13:25] {Raven> I thought spats were some kind of Californeeeeeeeeeee salad
[13:26] {Raven> or maybe noodles
[13:26] {Chaeron> naaaa}}} those white coverings for your shoes?
[13:27] {Raven> not for my shoes }}}
[13:27] {peterg> $3295}00 for actual scale reproduction of Unger Stock Ticker
[13:27] {Chaeron> ok} Birkenstocks
[13:27] {Raven> there ya go
[13:27] {peterg> see stocktickercompany}com
[13:28] {Raven> lol Ch
[13:28] {peterg> Raven, nothing on ebay at moment, alas
[13:29] {Raven> you have to keep checking
[13:31] {Threei> (FR) FINANCE MINISTER LAGARDE DENIES REPORTS OF A €300M BAILOUT PLAN; SAYS THAT FIGURE DID NOT COME FROM HER
[13:31] {Threei> party pooper
[13:31] {magoo> back
[13:42] {Threei> quite listless day
[13:42] {Threei> except small scalps on huge shares on these small buggers, nothing worked
[13:43] {Threei> GE
[13:43] {Threei> HALTED: NEWS PENDING
[13:43] {Threei> O
[13:43] {Threei> U
[13:43] {Threei> C
[13:43] {Threei> H
[13:43] {Chaeron> QID
[13:43] {Threei> yes
[13:44] {Chaeron> well, was good for a millisecond}}}}}}}}}
[13:44] {peterg> U in ge vad?
[13:44] {Threei> GE
[13:44] {Threei> HALTED: NEWS PENDING
[13:45] {hawkfan4> GE General Electric Announces Common Stock Offering; Warren Buffett Announces Investment in GE (23}63 -1}87) -Update-
[13:45] {hawkfan4> }}}(stock halted)
[13:45] {Chaeron> mkt likes
[13:46] {peterg> Warrem is the new whats his name, who saved mkts and banks turn of century
[13:46] {dino> ivgn sm l }42
[13:46] {Threei> seems to me not much reason for such enthusiasm
[13:46] {Threei> especially since no one knows what price and terms
[13:47] {peterg> War-ren, War-ren !!
[13:47] {Threei> lol
[13:48] {laserdave1> was there news
[13:49] {laserdave1> or just ge halted
[13:49] {laserdave1> i think its halted pending bankruptcy
[13:49] {Threei> ANNOUNCES $12B COMMON STOCK OFFERING, WARREN BUFFETT ANNOUNCES INVESTMENT, REAFFIRMS FY08 EPS GUIDANCE ISSUED LAST WEEK
[13:49] {Threei> - The underwriters will have a 30-day option to purchase shares representing an additional 15%of the offering amount from GE to cover over allotments, if any}
[13:49] {Threei> - Reached agreement to sell $3B of perpetual pr
[13:49] {laserdave1> hahahhahahahahha
[13:49] {laserdave1> jsut kidding
[13:49] {laserdave1> lol
[13:49] {Threei> - Reached agreement to sell $3B of perpetual preferred stock in a private offering to Berkshire Hathaway, Inc} The perpetual preferred stock has a dividend of 10% and is callable after three years at a 10% premium} In conjunction with this offering, Berkshire Hathaway will also receive warrants to purchase $3B of common stock with a strike price of $22}25 per share, which is exercisable at any time for a five-year term}
[13:49] {laserdave1> so that means buffet likes them
[13:50] {Threei> REPORTS SEPT US VEHICLE SALES -15}8% V -30%E (UNADJUSTED BASIS)
[13:50] {Threei> GM
[13:51] {laserdave1> long }50 out }57
[13:51] {laserdave1> thanks Vad
[13:51] {laserdave1> appreciate it
[13:51] {laserdave1> just 500 shares
[13:51] {laserdave1> quick 35 from Vaddy with a bow and eveything
[13:51] {dino> wow ge has to pay 10% , ouch} they must be in some sh#t
[13:53] {magoo> almost looks like doug kass had insider info
[13:53] {patience> good point magoo
[13:55] {dino> so, is the junk from the jack welsch days
[14:00] {dino> cracks me up, they all were buying their stock back hand over fist 100% higher, and now issuing 50% lower} pretty much backwards} seems to me the buybacks have wasted alot of money
[14:02] {dino> oh, and lets not forget, we pay the ceo's etc and boards big bucks for these moves
[14:02] {dino> my daily rant
[14:03] {Threei> do I read this right?
[14:03] {Threei> TM
[14:03] {Threei> REPORTS SEPT US TOTAL VEHICLE SALES -32}3%, AT 144K UNITS V 213K YEAR AGO
[14:04] {hawkfan4> 13:44 TM Toyota Motor sales decline was 32}3%, based on company data- Bloomberg (84}13 -1}78) -Update
[14:04] {Threei> I thought Toyota was gloating that they were immune
[14:05] {hawkfan4> nobody gets out alive
[14:05] {dino> no, tm has been cutting back since spring
[14:06] {dino> the p/u trucks are way off
[14:07] {Threei> waiting for Nissan report
[14:07] {Threei> they were up 12% last report
[14:07] {dino> i think they are doing well
[14:08] {cosmo> the toyota way, i think
[14:08] {dino> ge begging from buffet}}}}i can't get over that
[14:10] {hawkfan4> USO 80 break short vad?
[14:12] {Threei> hard to tell
[14:13] {Threei> NCC again
[14:15] {hawkfan4> Short USO }28, stop }45
[14:15] {hawkfan4> small
[14:16] {Threei> SENATE MINORITY LEADER MCCONNELL: EXPECTS THE FINANCIAL BAILOUT BILL TO PASS THE SENATE TONIGHT
[14:17] {patience> listening to politicians explain how 'main' street, not 'wall street' is in trouble}}}reminds me of the talk few years ago about 'weapons of mass destruction' and how immediate decisions had to be made on faith
[14:17] {patience> i shouldn't watch it}}}}
[14:19] {Threei> joined you on this spike hawk
[14:20] {Threei> and covered }75
[14:20] {Threei> mags}}} USO became shirtable
[14:21] {Threei> shortable
[14:21] {hawkfan4> nice :) i'm holding my nose and looking for under 79
[14:21] {magoo> reallyy
[14:24] {dptl> wheuu}}}turns out to be not a bad day}}}:) got to go}}}}have a good evening all:)
[14:24] {Threei> what did you scalp dp?
[14:24] {Chaeron> see ya dp
[14:25] {Threei> a few NCC scalps took me in green
[14:25] {Threei> but overall, not delighted with today
[14:26] {dptl> tsn,mkc,cpb,tol,hpq, }}}}
[14:26] {dptl> all earlier
[14:26] {Threei> US TREASURY'S MCCORMICK ESTIMATES ASSET PURCHASES COULD BEGIN "WITHIN WEEKS, NOT MONTHS" - CNBC INTERVIEW
[14:26] {Threei> {XLF>
[14:26] {Threei> sharp down NCC
[14:29] {dino> cya dp
[14:29] {Threei> reshorted USO on bounce
[14:30] {Threei> let's see if we get that under 79 :)
[14:30] {Threei> Nissan too
[14:30] {Threei> REPORTS US SEPT SALES -36}8%
[14:31] {Threei> BMW
[14:31] {Threei> REPORTS SEPT US AUTO SALES -25}8% TO 18,500 UNITS
[14:31] {Threei> what a carnage
[14:32] {dino> wow
[14:34] {Threei> Honda
[14:34] {Threei> REPORTS SEPT US VEHICLE SALES -24%
[14:35] {Threei> destruction
[14:37] {dino> zion
[14:38] {hawkfan4> NQ long 1573, stop 1569}50 small
[14:41] {Threei> good entry
[14:41] {Threei> want a scalp or rally?
[14:41] {hawkfan4> rally, needs 1580 break
[14:41] {Threei> you are over 1:1 here
[14:47] {Threei> oh boy}}} die already USO
[14:48] {Threei> here is your 80 break hawk
[14:48] {hawkfan4> here we go
[14:49] {dino> gj
[14:49] {Threei> NCC is looking to break 3
[14:49] {hawkfan4> thx
[14:53] {magoo> what are u in??
[14:54] {magoo> and where?
[14:54] {Threei> gosh
[14:54] {Threei> who woke him up?
[14:54] {Threei> NCC was just a scalp
[14:54] {Threei> USO still holdng short from }69
[14:54] {Threei> stop is }75 now
[14:55] {magoo> sorry}}was in my own stuff
[14:55] {magoo> i only have 2 eyes}}u mutant lol
[14:55] {Threei> lol
06[14:55] * Threei slaps magoo around a bit with a large trout
[14:56] {magoo> YEEEEEESSSSSSSSSSSS
[14:57] {magoo> vad}}the question?
[15:01] {Threei> really can't tell
[15:02] {Threei> too jerky out there
[15:03] {dino> downnnnnnnnnnnnnnnnnnn
[15:03] {dino> out of fear that the bill fails tonight
[15:04] {dino> or just because
[15:04] {dino> i'm so glad we pay ceo of ge so much money
[15:05] {peterg> they so much better than us folk; they deserve the chuncks of cash
[15:06] {peterg> we should let them walk on us at all times and be grateful they are among us
[15:06] {dino> indeed
[15:07] {patience> patience biting her tongue now
[15:07] {peterg> carelul
[15:08] {peterg> ful
[15:09] {Threei> US PRES BUSH REPORTEDLY EXPRESSES CONFIDENCE IN THE SENATE TO PASS THE BAILOUT PACKAGE
[15:09] {Threei> ummm
[15:09] {peterg> yah georgie
[15:12] {GeoArb> heya }} anything left for me?
[15:13] {Threei> hmmm
[15:13] {magoo> dubya seems very confident this time
[15:14] {Threei> it seems unlikely they would fail it again}}} but then again, it didn't seem likely last time around either
[15:14] {peterg> dubya always confident
[15:15] {Chaeron> I have a question: if the govt owns the loan of a private house, they in effect own the house, right? So can they tell us what to do IN that house?
[15:15] {GeoArb> govt owns the house anyway
[15:15] {GeoArb> its called property tax}}} try not paying :)
[15:15] {Chaeron> or NOT do? (ie: smoke?)
[15:15] {peterg> problay not any more than usual
[15:15] {cosmo> not cigarettes tho
[15:16] {peterg> limit interesting experiences to boring ones
[15:16] {Threei> chaeron}}} ever heard word "propiska"?
[15:17] {GeoArb> you still have that in china
[15:17] {Chaeron> no Vad
[15:17] {peterg> shto etta?
[15:17] {cosmo> bladder drug?
[15:17] {Threei> http://en}wikipedia}org/wiki/Propiska
[15:18] {Threei> prety much answers your question
[15:18] {GeoArb> dont scare me vad or ill end up being your neighbour
[15:19] {GeoArb> my residency in canada still valiid till dec
[15:19] {peterg> so far, us peeps can travel and live without let or hindrance
[15:19] {peterg> wife dual us / canada; she
[15:19] {peterg> will tke me with her
[15:19] {peterg> maybe
[15:19] {GeoArb> peter you in MINN
[15:19] {peterg> yes
[15:19] {GeoArb> tha IS canada
[15:19] {peterg> true true
[15:19] {Threei> US SEN SHELBY: OPPOSE BILL BECAUSE OPPOSES BASIC PREMISE - CNBC COMMENTS
[15:19] {GeoArb> lol
[15:20] {Threei> there you go
[15:20] {Threei> circus starts again
[15:20] {cosmo> with global warming, we wont need houses anyway}}
[15:20] {peterg> grass huts and mai tais
[15:20] {GeoArb> my friend but a 100k house in bali on the beach
[15:20] {GeoArb> beautifull
[15:21] {peterg> love bali
[15:21] {GeoArb> now i gotta be nice to him
[15:21] {peterg> denpesar
[15:21] {magoo> vad}}up down from here?????????????
[15:22] {GeoArb> come vad !!!
[15:22] {GeoArb> i wanna be green
[15:22] {Threei> tell me what next headline says, and I'll tell you what market does after it
[15:22] {Onix> me too
[15:22] {GeoArb> -335 for day}}}}}
[15:22] {GeoArb> gotta buy new shoes !!!
[15:22] {GeoArb> no pressure
[15:22] {dino> lol peter
[15:23] {peterg> Official says off record deal may not go!
[15:23] {peterg> market go}}}}
[15:23] {dino> vari stopped }30, +}15
[15:25] {hawkfan4> that was wild, NCC was offered at }75 and was trading there, but i sold }89
[15:25] {Threei> lol
[15:25] {dino> eqix sm l }14
[15:26] {Threei> when was it hawk?
[15:26] {hawkfan4> 4 minutes ago
[15:26] {Threei> ok}}} your quotes are off
[15:26] {Threei> it never went that low
[15:27] {hawkfan4> ah, wierd} The offer was }75 on IB, and esig shows it traded down there too
[15:27] {Threei> 2}84 the lowest it went
[15:28] {hawkfan4> hmmm} yep, something is off here}
[15:29] {Threei> US SEN SHELBY: STILL OPPOSE BILL BECAUSE OPPOSES BASIC PREMISE, SURE BAILOUT BILL WILL PASS IN SENATE, SKEPTICAL ABOUT ITS IMPACT LONG RUN - CNBC COMMENTS
[15:29] {Threei> now, here is disastrous scenario:
[15:29] {Threei> bill passes, and doesn;'t help
[15:29] {Threei> what's next, one more bailout?
[15:30] {peterg> isnt that the cosmic vibration, that it wont work
[15:31] {peterg> we need a recession for some reason, to relearn differentiation between bs and reality
[15:31] {peterg> maybe
[15:31] {peterg> dont know of course
[15:31] {Threei> recession, OK
[15:31] {Threei> it's depression that scares the living daylight out of me
[15:32] {peterg> right dont want 25 % unemployed
[15:32] {GeoArb> so uk goceries have brought in classic cuts
[15:32] {GeoArb> offal tripe
[15:32] {GeoArb> trotters etc
[15:32] {peterg> we have to eat weird stuff?
[15:33] {GeoArb> no they are trying to help out the lower earning people with their stews i guess
[15:33] {peterg> in recession
[15:33] {peterg> good point; bring on the okra
[15:33] {GeoArb> HAHAHAHA
[15:33] {peterg> hope not offending too many
[15:33] {GeoArb> dude thats what i eat on a normal day so i guess I am ok
[15:33] {peterg> havent had it since I left the south
[15:34] {peterg> long time ago
[15:36] {GeoArb> you might even ave to eat vegetables :)
[15:36] {Threei> Nooooo
[15:36] {peterg> no dessert then
[15:37] {GeoArb> recession desset honeydew jelly
[15:38] {dino> out eqix }54, +}40
[15:39] {Threei> NCC acts as bailout passes
[15:42] {Threei> look for scalp entry near 3
[15:42] {GeoArb> late :(
[15:43] {Threei> try to offer 3}16 - 3}20 area if you got it
[15:43] {dino> fcx sm l }75
[15:43] {Threei> CONGRESSMAN HOYER: EXPECT TO CONSIDER THE BAILOUT BILL IN THE HOUSE ON FRIDAY IF THE SENATE VOTE GETS MAJORITY BIPARTISAN SUPPORT TONIGHT
[15:45] {dino> imcl
[15:46] {magoo> they better not break my goog trade just now bastards lol
[15:47] {hawkfan4> well vad, doesn't look promising for USO under 79} Can i say that i meant }79?
[15:47] {Threei> yeah, I'll take it
[15:47] {hawkfan4> cool, thx
[15:48] {dino> out ivgn }08, +}06
[15:48] {dino> fcx stop to }90
[15:49] {GeoArb> anyone in NCC?
[15:49] {magoo> eli lilly mistery bidder 70
[15:49] {dino> out fcx }90, +}15
[15:49] {magoo> bux per sh
[15:50] {Threei> PIMCO'S EL-ARIAN: THE $700B PRICETAG OF THE BAILOUT BILL IS NECESSARY, BUT IS NOT SUFFICIENT
[15:50] {Threei> eeck
[15:50] {dino> l }00 imcl sm
[15:51] {magoo> vad}}why would imcl not go to 70?
[15:52] {Threei> no idea
[15:53] {magoo> man}}}}u JUST won't thro magoo a bone
[15:53] {magoo> ,make something up}}}i'm a dumbass}}will believe
[15:54] {Threei> 'cause cosmic rays enter atmosphere under sharp angle
[15:54] {magoo> oh}}}ok
[15:54] {magoo> makes sence
06[15:54] * Threei discovers new ways of life
[15:55] {peterg> Immelt and Welsh to donate all to GE, live in grass huts in Bali} Stock halted pending enormous uptick}
[15:56] {dino> cbsh
[15:57] {Chaeron> hmmmm}}} do those huts come with pretty island girls?
[15:57] {patience> no chaeron, pool boys
[15:58] {magoo> patience}he he
[15:59] {magoo> dino was a male dancer for just one nihgt
[15:59] {magoo> like a chip-n-dale
[15:59] {patience> dino, you sly dog
[15:59] {dino> out imcl }40, +}40
[16:00] {dino> ty magoo, i'll buy the 1st round
[16:00] {Threei> Ok guys, not a stellar day for a change
[16:00] {dino> ty all, very good day for me
[16:00] {Threei> lol
[16:00] {magoo> vad rocked vad
[16:00] {dino> 12/13
[16:00] {magoo> 5 times daily
[16:00] {hawkfan4> great day here too
[16:00] {dino> 2+x's
[16:00] {Threei> :)
[16:00] {Threei> have a good evening, see you tomorrow
[16:01] {hawkfan4> thx vad
[16:01] {peterg> c u!
[16:01] {fernp> good evening} see you tomorrow
[16:01] {Chaeron> patience}}} cabana boys for you}}}} pretty island girls for me
[16:02] {patience> sounds good to me
[16:02] {dino> gj hawk
[16:02] {magoo> HAWK}}u dog
[16:02] {hawkfan4> thx dino, you too, and mags :)
[16:02] {magoo> um, bird
[16:02] {hawkfan4> lol
[16:03] {dino> lol
[16:06] {magoo> NCC dropping now

Sep 30 2008

Session Time: Tue Sep 30 00:00:00 2008

[07:59] {magoo} morning
[08:05] {Threei} Good morning
[08:05] {magoo} vad:)
[08:10] {Threei} T. BOONE PICKENS: BELIEVES A BAILOUT DEAL WILL HAPPEN ON THURSDAY, THE DROP IN THE DJIA HAS BEEN SOBERING
[08:10] {Threei} - We will face another crisis in energy soon, we already pay about $700B a year for foreign oil.
[08:11] {Threei} guy becomes plain annoying
[08:30] {magoo} what u stalking vad?
[08:31] {Threei} just looking around so far
[08:31] {Threei} too unclear what happens next
[08:31] {Threei} C...
[08:31] {Threei} VLNC...
[08:33] {Onix} Good morning all
[08:33] {Threei} Onix :)
[08:40] {Threei} Raven... checked on a sky this morning?
[08:40] {dino} gm all
[08:40] {Threei} falling? holding?
[08:40] {Threei} dino :)
[08:41] {Raven} some light fog
[08:41] {Threei} light?
[08:41] {Threei} wow
[08:41] {Raven} {-----------. checking radar
[08:42] {Raven} clouds to the west ... rain may occur today
[08:42] {Threei} OK... as long as sky is still up there
[08:42] {Raven} bring the umbrella
[08:45] {Threei} Bush on TV
[08:47] {Raven} that'll be a big help
[08:48] {Threei} PRESIDENT BUSH: THIS IS NOT THE END OF THE LEGISLATIVE PROCESS, WHAT MATTERS IS THAT WE GET A LAW AT THIS CRITICAL MOMENT
[08:48] {Threei} - The reality is that we are in an urgent situation, with consequences worsening day by day. If US continues on this course, the economic damage will be painful and lasting.
[08:48] {Threei} - There's no question the $700B amount is a large amount of money. But the economy depends on decisive action from Congress.
[08:53] {peterg} Morning all
[08:54] {Threei} peter :)
[09:09] {dino} hmmmmmmmmm
[09:09] {dino} probabilities
[09:09] {Threei} what about them?
[09:10] {GeoArb} gm
[09:10] {Threei} Geo :)
[09:11] {magoo} R
[09:11] {magoo} A
[09:11] {magoo} V
[09:11] {magoo} E
[09:11] {magoo} N
[09:11] {magoo} an oldie but gooodie
[09:11] {dino} thinking out loud.
[09:11] {dino} gap open up?
[09:12] {cosmo} backs possibly
[09:12] {cosmo} banks
[09:13] {cosmo} not probable tho
[09:13] {dino} ddm?
[09:14] {dino} qld?
[09:14] {dino} sso?
[09:14] {Raven} M aaaa GGGGGGGGGG ooooo OOOOOOOOOOOOOOOOOOOOOO !
[09:15] {dino} sm l ddm .67, will let it move around a bit
[09:18] {fernp} Good morning all
[09:18] {cosmo} lets hope
[09:18] {Threei} fern :)
[09:20] {dptl} good morning all
[09:20] {Threei} dp :)
[09:25] {Threei} I don't have clear play for opening
[09:25] {Threei} looking
[09:28] {cosmo} ASML: Significant Progress in EUV Lithography Program; Reveal
[09:28] {cosmo} Roadmap that Extends Semiconductor Manufacturing to 11 Nanometers and Beyond
[09:29] {magoo} pop...drop..pop...drop....
[09:29] {magoo} there vad
[09:29] {Threei} sop, long POP and short DROP?
[09:29] {esemde} good morning
[09:29] {esemde} you sure called yesterday right Vad
[09:30] {Threei} ese :)
[09:30] {Threei} ty
[09:31] {Threei} watching C
[09:32] {magoo} watching rimm
[09:32] {Threei} broke out too fast
[09:32] {Threei} .20 break was the idea but wanted some more consolidation before the break
[09:33] {peterg} rimm bouncing ball
[09:33] {Threei} pullback should be buyable
[09:33] {Threei} .20 break again
[09:34] {Threei} stop under .10
[09:35] {Threei} stop to .14
[09:36] {GeoArb} hmm in .21 half out .32
[09:36] {Threei} hesitates too long for my taste
[09:36] {GeoArb} .34
[09:36] {Threei} not bad Geo, that's playing safe
[09:36] {GeoArb} was 1:1
[09:36] {Threei} yup
[09:36] {Threei} .15 held on this pullback, so stop is trailed right
[09:37] {Threei} stop to .19 now
[09:37] {Threei} half out .39
[09:37] {Threei} risk is minimal here
[09:37] {Threei} out
[09:37] {Threei} .17
[09:38] {dino} c l .15
[09:38] {Onix} ty Vad, i got 15c in C
[09:38] {dino} stop .96
[09:38] {Threei} :)
[09:38] {Threei} good entry dino
[09:39] {dino} lucky
[09:39] {Threei} if you say so
[09:39] {Threei} ugh WB
[09:41] {magoo} ouyt .41 TY vad C
[09:41] {Threei} welcome
[09:42] {GeoArb} sheesh maggo
[09:42] {GeoArb} you left the scalper ranks
[09:43] {dino} c stop to .49
[09:43] {Threei} magoo hateth stinkin' scalpers
[09:43] {dino} out +.34 ty vad
[09:43] {Threei} :)
[09:43] {magoo} :)
[09:45] {GeoArb} consumer conf at 10?
[09:45] {Threei} SEPT CHICAGO PURCHASING MANAGER'S INDEX: 56.7 V 53.0E
[09:45] {hawkfan4} yes geo
[09:46] {GeoArb} so magoo ... did you partial or all in all out?
[09:46] {magoo} all out
[09:46] {magoo} always
[09:46] {GeoArb} nice
[09:46] {magoo} i look to reload pullbks if stiull like it
[09:46] {GeoArb} i was carefull after being a coqboy yesterday
[09:47] {GeoArb} ooooh
[09:47] {GeoArb} cowboy
[09:47] {magoo} gotta remember too...magoo in other plays so can't be waiting around
[09:47] {GeoArb} heheh true
[09:48] {magoo} i flipped bidu and rimm at same time as that
[09:48] {magoo} to fast to post unfortunately
[09:48] {GeoArb} yup
[09:48] {GeoArb} nice drop c
[09:48] {magoo} goota just "feel"them]
[09:49] {dino} ddm stopped -.52 thats messed up
[09:50] {Threei} PREVIEW: SEPT CONSUMER CONFIDENCE DUE OUT AT 10AMET
[09:50] {Threei} - consensus expectation: 55.0e v 56.9 prior
[09:50] {magoo} OY
[09:50] {magoo} cant be good number
[09:50] {Threei} so, expectation is that confidence is just half inch above baseboard
[09:52] {GeoArb} no correlation between oil and market now
[09:53] {GeoArb} CL tanking
[09:53] {Threei} no, other worries took over
[09:53] {Threei} oil retreated far enough to stop being major factor
[09:53] {GeoArb} true
[09:53] {Threei} and financial worries are overpowering
[09:56] {peterg} rbr dirty harry's question: Well, punk, do you feel lucky???
[09:57] {dino} lol
[09:58] {cosmo} CNXT hod = 3.94
[09:58] {cosmo} fwiw
[09:59] {GeoArb} what I find interesting is that despite bailout failure financials didnt make new lows
[10:00] {Threei} SEPT CONSUMER CONFIDENCE: 59.8V 55.0E
[10:00] {Threei} - prior revised from 56.9 to
[10:00] {Threei} - no revision to prior 56.9
[10:00] {magoo} sheesh
[10:00] {GeoArb} confidence increased?
[10:00] {Threei} hehe
[10:01] {esemde} l BRCM .82
[10:02] {Threei} Long Setup: WB 2.78
[10:02] {esemde} stop .69 full lot
[10:03] {Threei} this pullback will show the stop level
[10:03] {Threei} under .60 invalidated as breakout
[10:03] {esemde} bouncing around like a rabit
[10:06] {Threei} C is running again
[10:06] {magoo} l rimm .3
[10:06] {magoo} here
[10:07] {Threei} my stop .65 on WB for now
[10:08] {magoo} rimm stop 63.88
[10:08] {magoo} in small
[10:08] {esemde} stop to .80
[10:08] {dino} fcx sm l .50
[10:09] {Threei} MP SECURITIES RAISED RIMM TO MARKET OUTPERFORM FROM MARKET PERFORM
[10:09] {Threei} - pre-open
[10:10] {magoo} stopped
[10:10] {magoo} figures
[10:10] {Threei} WB half out .93
[10:10] {Threei} stop to .79
[10:11] {Threei} offering balance 3.05
[10:11] {magoo} out here vad .93 TY
[10:11] {magoo} FL
[10:11] {Threei} :)
[10:12] {magoo} l rimm AGAIN .33
[10:12] {dino} fwlt sm l .25
[10:12] {Threei} out
[10:12] {GeoArb} out
[10:12] {Threei} nice and easy
[10:12] {Threei} stop never jeopradized
[10:12] {GeoArb} sheer magnificence vad
[10:12] {Threei} that's my middle name, yeah
[10:12] {GeoArb} vad SM G
[10:13] {magoo} offer
[10:13] {magoo} OUT .75
[10:13] {Threei} US SENATE MAJORITY LEADER REID: BAILOUT PACKAGE MUST MOVE FORWARD AND 'BLAME GAME' MUST END
[10:13] {Threei} {XLF}
[10:13] {esemde} out BRCM ..02
[10:13] {magoo} i knew it..stop neede to be in 70 area
[10:13] {Onix} ty Vad, i got $52 in WB
[10:13] {Threei} good one ese
[10:13] {GeoArb} wow WB
[10:13] {Threei} onix :)
[10:13] {esemde} +20 ....i'm outta here all see ya tomorow
[10:13] {Threei} take care ese, good job
[10:13] {Threei} vene, vidi, visi
[10:14] {esemde} ya played that one by the books
[10:14] {Threei} or howevere it's spelled
[10:14] {Threei} wow
[10:15] {Threei} that's way beyond what I expwcted from WB
[10:15] {GeoArb} veni vidi vici
[10:15] {Threei} yeah, ty
[10:15] {hawkfan4} out wb .19, beauty vad, and i do mean that ;)
[10:15] {Threei} uh oh
[10:15] {GeoArb} i pulled 250 buccks out of that
[10:15] {Threei} nothing's wrong with that
[10:16] {magoo} oh u did? GOOD JOB, BUT
[10:16] {GeoArb} 2 lots
06[10:16] * magoo slaps GeoArb around a bit with a large trout
[10:16] {GeoArb} why magoo why?
[10:16] {magoo} just because
[10:16] {GeoArb} ok
[10:16] {Threei} Long Setup: C .52 if stays above .40
[10:16] {dino} lol, and gj geo
[10:17] {Threei} (VZ) VENEZUELA PRES CHAVEZ: OIL PRICE COULD SETTLE BETWEEN $80-90/BARREL
[10:17] {dino} out fcx .90, +.40
[10:18] {Onix} in C .52
[10:19] {magoo} wheres u target vad?C
[10:20] {Threei} offering half .63
[10:20] {magoo} ok .6267
[10:20] {Threei} ugh
[10:20] {Threei} stop to .45 meanwhile
[10:21] {Threei} don't want to give anything back
[10:21] {Threei} willing to get shaken out rather than risk profits
[10:22] {magoo} out flat
[10:22] {GeoArb} out about 10 cents
[10:22] {GeoArb} not sure
[10:22] {magoo} red bar QQQ
[10:22] {GeoArb} on i min?
[10:23] {GeoArb} yup see it thanks magoo
[10:23] {Threei} held by fingertips
[10:24] {Onix} i got scared & took my stop @ .47
[10:24] {Threei} .47 is non-indicative... just noize
[10:25] {magoo} yup..had full tho
[10:25] {Threei} half out .64
[10:25] {magoo} and good day going
[10:25] {Threei} scalpers feel free to take full
[10:25] {magoo} but still.................................
06[10:25] * magoo slaps Threei around a bit with a large trout
[10:25] {GeoArb} yeah took it before as wasnt sure
[10:26] {GeoArb} TY vad
[10:26] {GeoArb} its been a good day
[10:26] {Threei} welcome guys
[10:26] {GeoArb} (jinxed)
[10:26] {peterg} locate jinx removal tool on lower right
[10:26] {Threei} rofl
[10:26] {Threei} good one peter
[10:27] {magoo} top left here petergLOL
[10:27] {peterg} different models, different placement
[10:27] {dino} fwlt stop to flat
[10:27] {dino} out
[10:29] {Threei} fast drop WB
[10:30] {dino} amzn sm s .25
[10:31] {Threei} offering C balance .79
[10:32] {dino} stop is hod
[10:32] {Threei} out
[10:32] {GeoArb} vads getting greedier by the day
[10:33] {GeoArb} soo his out will be 5 dollars apart
[10:33] {Threei} greed is my middle name
[10:33] {GeoArb} soon
[10:33] {hawkfan4} you could change your nick to Twog
[10:33] {Onix} I thought it was yeah?
[10:34] {GeoArb} wow C
[10:34] {dino} stopped amzn
[10:36] {dino} ups l .02
[10:41] {dino} amzn s .75 last try
[10:46] {dino} amzn stopped
[10:48] {Threei} Russian exchanges are halted again
[10:49] {Threei} if it goes like this, the most valuable people over there will be ones having enough pull to share information on when exchanges open for 5 minutes
[10:49] {Onix} whow
[10:50] {Onix} not what younow buy who you know
[10:52] {GeoArb} i thought that was everywhere
[10:52] {GeoArb} just variance in degrees
[10:52] {Onix} so true
[10:52] {Threei} "aristocracy by money is replaced by the aristocracy by pull"
[10:52] {Threei} or however you spell that
[10:53] {Threei} Chaeron missed everything again :(
[10:53] {Chaeron} Good morning all
[10:53] {GeoArb} hey chaeron
[10:53] {Chaeron} all except your lesson on aristocracy...
[10:53] {GeoArb} yeah today was saaweeet
[10:54] {Chaeron} so all done then?
[10:54] {GeoArb} vad seems to have dozed off
[10:54] {Chaeron} (natural state for him geo :))
[10:55] {Threei} lol
[10:55] {Threei} permanent too
[10:55] {hawkfan4} Now here's a market guru's prediction i can get my head around: Alan Farley
[10:55] {hawkfan4} The Other Black Swan
[10:55] {hawkfan4} 9/30/2008 10:20 AM EDT
[10:55] {hawkfan4} With the distinct aura of "100-year flood" and "black swan event" oozing through the financial markets, I'm going to extend those analogies and go out on a limb here.
[10:55] {hawkfan4} The Cubs will win their first World Series in 90 years.
[10:55] {hawkfan4} Now back your your regularly-scheduled market crash.
[10:55] {Chaeron} it's a compliment Vad... take it as you are so good, you can trade even THIS market in your sleep
[10:55] {Threei} rofl
[10:56] {Threei} correction chaeron... I can trade ONLY in my sleep
[10:56] {Chaeron} ah :)
[10:56] {dptl} got to go .......have a good rest of the day:)
[10:56] {Threei} take care dp
[10:56] {Chaeron} bye dp... I'll take it from here
[10:57] {dptl} :)....ty ..it's all yours now:)
[10:58] {GeoArb} heh
[10:58] {dino} bidu v sm s 7.35
[10:58] {GeoArb} so now we have to handle vad's trading in shifts?
[10:58] {magoo} sh riumm jhere
[10:59] {magoo} .50
[10:59] {dino} srcl?
[10:59] {Threei} lovely one mags
[11:01] {magoo} out .93 here
[11:01] {magoo} TY vad
[11:02] {magoo} easy button
[11:03] {peterg} tks mags;
[11:03] {magoo} what u get? in .50 out .93 here
[11:04] {magoo} when i call rimm aapl only go 300 shares ok?
[11:04] {magoo} wiggle room
[11:07] {GeoArb} c forming a wedge
[11:08] {GeoArb} interesting'
[11:09] {GeoArb} CME raising futures margins for index products
[11:09] {GeoArb} http://www.cme.com/clearing/rmspan/pbadv/Chadv08251.html
[11:10] {GeoArb} anyone dabbles in these instruments?
[11:11] {hawkfan4} i play the minis, and the guitar
[11:11] {GeoArb} heheh
[11:18] {magoo} sh rimm here 67
[11:20] {magoo} stop .44
[11:21] {Threei} feels like market dump is coming
[11:21] {magoo} wait .58
[11:23] {magoo} 1:1 anyway
[11:26] {dino} gotta hop, cov. bidu .15 +1.20
[11:27] {magoo} out not working
[11:31] {magoo} mkt strong...trtaders getting in front of expected decision on thurs friday to approve bill
[11:31] {magoo} then prob sell the news
[11:32] {magoo} its harder to short than go long today
[11:33] {magoo} chirp in vads
[11:33] {Threei} yup
[11:33] {Threei} C continues
[11:35] {peterg} as doth rimm
[11:35] {Threei} this becomes sad:
[11:35] {Threei} T. BOONE PICKENS: 1 YEAR FROM NOW OIL WILL BE NEAR $150/BARREL - CNBC
[11:35] {GeoArb} my issue is i dont trust oil prices until after the election
[11:36] {Threei} I don't trust opinion of a person who is losing when oil drops
[11:36] {GeoArb} true that
[11:36] {Threei} and issues one bullish call after another, repeatedly proven wrong
[11:37] {Threei} he may be brilliant in zillion ways, but on this issue his judgment is clouded
[11:37] {magoo} hes gonna ruin his rep here
[11:37] {peterg} T. is not a trader but a wildcatter, no?
[11:37] {peterg} different challenges, methinks
[11:38] {patience} he has a fund peter
[11:38] {Threei} in red big this year
[11:39] {peterg} what, a mutual?
[11:39] {patience} he has 46 percent interest in company which runs 2 hedge funds
[11:40] {patience} 1 billion energy related hedge fund
[11:40] {peterg} ah so
[11:40] {peterg} I think he should make barbecue grills and compete with George Foreman
[11:43] {Threei} something's driving MS
[11:43] {Threei} watching for pullback
[11:45] {Threei} {MS} what's pullback?
[11:51] {GeoArb} pullback vad?
[11:51] {Threei} too small for confident entry
[11:52] {Threei} thing about pullbacks on finnies these days is,
[11:53] {Threei} thanks to absense of short covering they are deeper and more violent than usual
[11:53] {GeoArb} ok
[11:53] {Threei} so I want much more pronounced pullback for entry
[11:53] {Threei} otherwise it's just too risky, can get caught in severe selloff easy
[11:54] {GeoArb} ES at overnight highs almost
[11:55] {Threei} C just won't quit
[12:07] {Threei} quite interesting take on rescue plans:
[12:07] {Threei} http://www.hussmanfunds.com/wmc/wmc080929.htm
[12:16] {Threei} WB
[12:16] {Threei} BALANCE SHEET AMPLY SUPPORTS WACHOVIA'S OPERATING SUBSIDIARIES
[12:20] {magoo} up or down mkt here vad
[12:21] {Threei} too early
[12:21] {Threei} just uncertain at this point
[12:24] {Threei} Long Setup: WB 3.01
[12:24] {Threei} .89 stop
[12:33] {GeoArb} so for something like this vad... you go multiple lots right?
[12:37] {Threei} yes, within my risk tolerance
[12:37] {GeoArb} of course... type one scalp
[12:37] {Threei} right
[12:37] {GeoArb} (i revised)
[12:42] {Threei} half out .06
[12:42] {Threei} too unclear, want to cut risk down
[12:44] {Threei} stop to .99
[12:46] {Threei} offering balance .15
[12:47] {Threei} out
[12:48] {Threei} anyone took this one?
[12:48] {Threei} or I might just as well go sleep?
[12:48] {GeoArb} me
[12:48] {GeoArb} 10 cents
[12:48] {GeoArb} TY
[12:48] {Threei} :)
[12:48] {hawkfan4} nice vad, me too, thx
[12:48] {GeoArb} was in late and out early
[12:49] {GeoArb} but 2 lots made things nice :)
[12:57] {Threei} CITIGROUP COMMENTS ON WB, NOTES THAT IT IS COMMITED TO CONDUCTING THE TRANSACTION, CONTINUES TO OPERATE NORMALLY
[12:57] {Threei} {C}
[12:59] {GeoArb} 20.f5 quadruple top C hehe
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
[13:00] {Threei} sigh
[13:00] {GeoArb} hey dave
[13:00] {magoo} sigh
[13:00] {laserdave1} hey guys
[13:00] {magoo} DCC dave
[13:00] {laserdave1} o sorry mags
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
[13:00] {magoo} there u go:)
06[13:00] * laserdave1 slaps Threei around a bit with a large trout
[13:01] {GeoArb} mymy he shows up with trouts twirling
[13:08] {laserdave1} i have taken so much abuse from these guys Geo
[13:08] {laserdave1} they punish me
[13:08] {GeoArb} yeah i have seen that
[13:08] {laserdave1} so a lil pay back once in awhile is nice
[13:08] {GeoArb} its all love
[13:08] {laserdave1} feels real good
[13:08] {laserdave1} lol
[13:08] {GeoArb} lol
[13:08] {Threei} yeah dave... but the real question is, was any of that abuse undeserved
[13:08] {laserdave1} no sir
[13:09] {Threei} there you go :)
[13:09] {GeoArb} we should run a study on how agressively lasertave flashed the trout
[13:09] {GeoArb} vs how much he killed in the ,arket
[13:09] {GeoArb} i suspect there is a correlation
[13:09] {laserdave1} i loves the abuse......why u think i am always such a bad boy?
[13:09] {Threei} WB heated battle here
[13:10] {Threei} not sure I want to participate
[13:10] {Threei} no single stop in two days, and what days
[13:10] {Threei} don't want uncertain fights
[13:12] {Threei} if you feel like trying, it seems likely to revisit .25 high
[13:12] {Threei} and mostl likely break higher
[13:13] {GeoArb} is that a flashing green call vad?
[13:14] {Threei} it's just what I said... my feeling for it is above, and I personally am not taking this trade
[13:14] {GeoArb} :)
[13:14] {Threei} too laborous for me after many much easier trades
[13:14] {Threei} consider it me exercising my crystal ball
[13:17] {Threei} CITIGROUP HAS REPORTEDLY INITIATED A HALT IN EMPLOYMENT OF BROKERS AT WACHOVIA- UNCONFIRMED REPORT
[13:18] {Threei} .25
[13:19] {GeoArb} hmmm this was an easy button
[13:19] {Threei} and higher
[13:19] {Threei} crystal ball is fine
[13:19] {GeoArb} anyone partake?
[13:21] {Threei} CONGRESSIONAL AIDE: RECEIVING A LOT OF CALLS IN FAVOR OF BAILOUT BILL FROM CONSTITUENTS
[13:21] {Threei} yeah? wasn't it like 99% calls against it?
[13:21] {GeoArb} he didnt talkk about the "lotter" calls against
[13:22] {GeoArb} new grammer..... little lots lotter
[13:22] {GeoArb} (ok i need lunch)
[13:22] {Threei} lol
[13:23] {GeoArb} ya know what i love about all this.?
[13:23] {GeoArb} my POS mortgage broker is out of a job
[13:24] {GeoArb} last I heard... he was selling theatre tickets
[13:24] {magoo} what bank is POS?
[13:24] {GeoArb} heheheh
[13:24] {GeoArb} piece of %^#^%
[13:25] {GeoArb} term of endearment
[13:25] {magoo} gotcha
[13:25] {GeoArb} i remember he got so pissed of at me when i insisted on reading the docs i was signing
[13:25] {Threei} heh
[13:26] {GeoArb} "trust me"
[13:26] {Threei} can you blame him? all those 15 minutes you took from him while reading is 3 new suckers he could get to sign
[13:26] {GeoArb} i took 2 hrs
[13:26] {GeoArb} ES broke high
[13:27] {GeoArb} oil broke 100
[13:27] {Threei} there you go
[13:27] {Threei} you just stole a lot of his business by tying him up for that long
[13:27] {GeoArb} the stealing was all him trust me
[13:28] {GeoArb} its funny that now credit is getting tighter banks aer phasing out independent mortgage brokers
[13:28] {Threei} crisis was approaching... he had to get as many bodies as possible while they were warm
[13:28] {GeoArb} not enouight pieces of pies left
[13:28] {Threei} and here you are, reading fine print
[13:28] {GeoArb} lol
[13:29] {GeoArb} es and oil both at daily highs
[13:29] {GeoArb} wrd
[13:30] {Threei} not really
[13:30] {Threei} new paradigm
[13:30] {GeoArb} pray tell
[13:31] {Threei} oil is not a major worry anymore, it doesn't rule the market direction,
[13:31] {Threei} instead, oil is moving up when there are signs of economy doing better
[13:31] {Threei} and drops when things look bleak, on demand destruction worries
[13:32] {Threei} this dynamic will work for a while
[13:32] {GeoArb} makes sense vad
[13:32] {Threei} then, I suspect, oil is oing to get hit but completely other things
[13:32] {Threei} ...going to get hit by...
[13:33] {Threei} namely, by the structure of its futures trading
[13:33] {Threei} which in a sense is a bubble on its own
[13:33] {GeoArb} well now Es is 6% margin
[13:33] {GeoArb} we get 10%
[13:34] {GeoArb} not much sense going to futures
[13:34] {GeoArb} 5-10 depending
[13:34] {Threei} where huge derivatives structure is overhanging relatively small underlying market
[13:34] {Threei} and when this thing unravels...
[13:35] {peterg} Any info on redemptions from hedge funds today?
[13:38] {GeoArb} decent up day today
[13:38] {GeoArb} i had thought sideways
[13:44] {Threei} C .76 worth a try
[13:44] {Threei} if stays above .65
06[13:56] * Threei kicks C in the rear with steel-toed heavy duty army boots
[13:57] {Threei} ummm... did I mix the sides?
[13:57] {Threei} was that the front?
06[13:59] * Threei is turning C around and repeating kick
[14:00] {GeoArb} comeon vad
[14:00] {GeoArb} i bank there
[14:00] {GeoArb} now ill be thinking about that when i go to atm
[14:00] {GeoArb} tch tch
[14:00] {Threei} lol
[14:00] {GeoArb} enh i am out
[14:01] {Threei} OK, this seems to be the right side
[14:01] {GeoArb} will trade in non lunch time
[14:01] {GeoArb} 3 cents
[14:02] {GeoArb} es looking ready to fall IMO
[14:03] {dino} .
[14:03] {GeoArb} vad made me too much money so am in profit protection mode
[14:04] {dino} gj
[14:04] {Threei} good idea
[14:16] {Threei} half out C .89
[14:17] {GeoArb} just like vad
[14:17] {GeoArb} squeezed blood from a stone
[14:17] {Threei} lol
[14:17] {GeoArb} you in IRS vad? :)
[14:18] {Threei} part time only
[14:20] {GeoArb} i will accept my trouts right about now
[14:20] {Threei} HOUSE SPEAKER PELOSI AND SENATE MAJORITY LEADER REID STATE THEY ARE CONFIDENT CONGRESS WILL PASS A RESPONSIBLE BAILOUT BILL
[14:20] {dino} rcrc sm l .75
[14:24] {Threei} got that half back at .74
[14:24] {Threei} offering it .85
[14:24] {Threei} out
[14:24] {Threei} lol
[14:25] {Threei} WB??
[14:26] {dino} srcl sm l .71
[14:26] {Threei} that was funny on C
[14:26] {GeoArb} yup
[14:27] {GeoArb} squeezing stone truely
[14:28] {Threei} if the stone is sqeezable...
[14:28] {Threei} remember G. gekko's answer to "why do you qwant to wreck this company?"
[14:28] {Threei} "because it's wreckable, alright??"
[14:29] {Threei} offering second half at 20.01
[14:29] {Threei} 21.01
[14:31] {GeoArb} i guess this was a patience grasshopper lesson
[14:32] {Threei} I can pretend that too... but the truth is, it was deep sleep
[14:33] {Threei} out .98
[14:33] {Threei} whatever... why do I fight for 3 cents
[14:40] {dino} out srcl +.20
[14:44] {dino} zion drop
[14:51] {dino} sm dxd l .10
[15:12] {Threei} sharp down WB
[15:23] {dino} dxd stopped -.37
[15:35] {Threei} US TREASURY SEC PAULSON: CREDIT MARKET PROBLEM CONTINUE, STRONG ACTION NEEDED - CONF CALL WITH AMERICAN BANKER'S ASSOCIATION
[15:36] {dino} amzn sm s .97
[15:40] {dino} stopped. calling it a day. i can't trade these big up days for sh#t
[15:41] {Threei} sorry dino
[15:41] {Threei} it's my kind of market
[15:41] {Threei} can do no wrong
[15:41] {dino} not your fault. had to leave for a couple hours, and just generally sucked
[15:42] {dino} when i check my records, the big open and continue days are some of my worst
[15:42] {dino} i am simply an idiot
[15:42] {Threei} usually not my favorites either
[15:42] {Threei} but this one worked fine
[15:42] {dino} gj
[15:43] {GeoArb} yeah good day
[15:43] {GeoArb} didnt get greedy took what vad gave me hehehh
[15:44] {GeoArb} except for the C
[15:45] {dino} gj geo
[15:45] {dino} my mind is wired for dis-belief
[15:47] {GeoArb} i hear you
[15:47] {GeoArb} every time i take what he plays..... i get paranoid about what ifs
[15:47] {GeoArb} what if he retires
[15:47] {GeoArb} etc etc
[15:48] {Threei} ummm
[15:48] {Threei} right in the middle of the play?
[15:48] {GeoArb} no at the end
[15:48] {GeoArb} lol
[15:48] {Threei} leaving you with no instructions on exit?
[15:48] {Threei} must be scary thought
[15:48] {GeoArb} not really
[15:48] {GeoArb} its the cumulative effect aht will hurt
[15:48] {Threei} OK, let me assure you,
[15:48] {GeoArb} not play by play
[15:49] {Threei} if I do, I'll make sure I leave the detailed description for each unfinished trade {G}
[15:49] {GeoArb} if I knew the genesis API as well as some i know
[15:49] {GeoArb} i would conspire with laserdave and hooks your entries and exits with mine
[15:49] {GeoArb} lol
[15:50] {GeoArb} now thats real authotrading
[15:50] {dino} rumors of suspending mark to market
[15:50] {GeoArb} really?
[15:50] {patience} doug kass on realmoney said it at 2:34 pm
[15:51] {GeoArb} so mark to fantasy?
[15:51] {dino} kass-man on real$
[15:51] {dino} its' a tough thing. if i had to mark to market my real estate, hmmmm
[15:52] {dino} as there is not much market
[15:52] {GeoArb} how much is real money sub patience?
[15:53] {patience} haven't a clue, it just goes through credit card
[15:53] {Threei} which is not real money {G}
[15:53] {dino} same here
[15:53] {GeoArb} you have it too dino?
[15:53] {dino} i think 79$
[15:54] {dino} y
[15:54] {dino} for years
[15:54] {patience} vad, was today a light volume day because of jewish holiday?
[15:54] {Threei} I guess
[15:55] {Threei} usually is
[15:55] {GeoArb} ok thanks
[15:55] {GeoArb} ok is 99 now
[15:56] {Threei} a month??
[15:56] {GeoArb} year
[15:56] {Threei} whew
[15:56] {Threei} lol
[15:56] {GeoArb} if it ws a month i fdont think they would let their cards be charged without noticing.
[15:57] {dino} acwx
[15:58] {Threei} Ok guys, thank you all
[15:58] {GeoArb} thanks
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {dino} out rcrc .95 +.20

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