Oct 03 2008

Session Time: Fri Oct 03 00:00:00 2008

[07:50] {magoo} morning
[07:54] {Threei} Good morning
[07:54] {magoo} vad, u see the new lasrr download?
[07:55] {Threei} yeah
[07:55] {Threei} didn't do it yet
[07:58] {magoo} me neither..alot of changes
[07:58] {magoo} is it necessary to do it?
[08:00] {Threei} not at this point I believe
[08:00] {magoo} vad, should WB trade at 7$ with deal
[08:00] {Threei} well, it's a stock deal if I understand correctly
[08:00] {Threei} not cash
[08:03] {Threei} NCC traded above 4 earlier
[08:04] {magoo} that was trade from past..as in 2 dollar stock making points
[08:23] {magoo} vad..i think the sdcenario has changed slightly
[08:23] {Threei} I'd say greatly
[08:24] {Threei} market had enough time to evaluate rescue package
[08:24] {Threei} and doesn't seem to like it very much
[08:24] {magoo} but it seems now majority expects a pop THEN drop after bill passes {assuming it does}
[08:25] {magoo} maybe to easy to expect drop
[08:25] {Threei} that was what we expected first time around
[08:25] {magoo} my time frame isshort i mean
[08:25] {Threei} now it very well could be different
[08:25] {Threei} a lot of dynamics changed since then
[08:25] {magoo} pop..small drop..then hard power up
[08:26] {Threei} that's one possibility
[08:26] {Threei} another is, just hard down
[08:26] {magoo} yea..no pop
[08:26] {Threei} really can't tell at this point
[08:27] {Threei} see, a week ago it was very different
[08:27] {Threei} reaction to package was more emotinal
[08:27] {Threei} "huge relief" kind of thing
[08:27] {Threei} now, not so much
[08:27] {magoo} agree...more people are fearful of alot of other economic issues now
[08:27] {Threei} yeah
[08:27] {magoo} regardless...we are gonna retest bottoms sometime
[08:27] {Threei} a lot of people start doubting this measure will work at all
[08:28] {magoo} but i try to figure out daily
[08:28] {magoo} because im not in
[08:28] {Threei} right
[08:28] {Threei} main problem in forecasting for us at this point is:
[08:28] {Threei} we can't really tell whether the negativity of last days is comong from lack of faith in package passing
[08:29] {Threei} or lack of faith of its working
[08:29] {Threei} if it's former, then passage will jolt the market up
[08:29] {Threei} if latter, it's big down move in any case
[08:30] {Threei} ) SEPT AVERAGE HOURLY EARNING M/M: 0.2% V 0.3%E
[08:30] {Threei} Y/Y: 3.4% V 3.6%E; AVERAGE WEEKLY HRS: 33.6 V 33.7E
[08:30] {Threei} (US) SEPT UNEMPLOYMENT RATE: 6.1% V 6.1%E
[08:31] {Threei} US) SEPT CHANGE IN NONFARM PAYROLLS: -159K V -105KE; CHANGE IN MANUFACTURING PAYROLLS: -61K V -57KE
[08:38] {cosmo} LINE: Cramer likes it...
[08:38] {cosmo} fyi
[08:39] {Threei} should we too?
[08:39] {cosmo} hmmm ... just be aware
[08:40] {cosmo} i guess
[08:43] {Threei} so far, watching NCC and ABK
[08:47] {hawkfan4} good morning
[08:47] {Threei} hawk :)
[08:48] {esemde} morning........
[08:49] {Threei} ese :)
[08:49] {esemde} day nine of the learning curve
[08:49] {Threei} whatcha learning?
[08:49] {esemde} thought you'd nver ask
[08:49] {esemde} how to use my new macbook pro laptop
[08:49] {Threei} ah
[08:50] {Threei} can't offer any useful advice here, just cheerleading :)
[08:51] {Onix} Good morning everyone
[08:51] {esemde} onix....
[08:51] {Threei} onix :)
[08:52] {hawkfan4} fwiw Doug Kass says he is "All In"
[08:52] {Threei} as in?
[08:52] {esemde} whats this new laser download vad...mags???
[08:52] {hawkfan4} all in long
[08:52] {cosmo} in for good
[08:52] {Threei} brave man
[08:52] {esemde} whos doug kass hawk
[08:52] {Threei} just some changes in routing, ese
[08:52] {Threei} added a lot of features
[08:53] {esemde} gotcha
[08:53] {hawkfan4} fund manager, on Real Money and always on CNBC. He's been really good this year so far
[08:53] {esemde} on a crappy year......good
[08:53] {Threei} well... he bets on package passage and on market's faith in package effectiveness
[08:54] {Threei} or, he is in for a very long haul and believes that if he sits out initial losses, market will turn bullish soon enough
[08:54] {Threei} and if this is his case, I agree
[08:55] {Threei} IMO, this is exactly what is going to happen
[08:55] {hawkfan4} that's the problem with his calls, is he's willing to sit thru some initial big pain
[08:55] {Threei} the only change I would make if I were in this kind of postion:
[08:55] {Threei} I wouldn't be ALL in
[08:55] {Threei} I would take apartyial p;osition
[08:56] {Threei} and build it up to full in on drops
[08:56] {Threei} decreasing initial pain, getting better cost basis
[08:57] {Threei} but then again... if he is doing well, who am I to argue with success
[08:57] {magoo} kass usually a perma bear
[08:57] {magoo} something to consider
[08:58] {esemde} I tend to believe the downturn isn't going to be for as long as some think.......read book called "Running Money"...Doug Kesller i think was the author....basic jist of it is that the US has a huge advantage when it comes to intellectual property
[08:58] {magoo} es..laser gndt page has laser download update..not necessary to do immediately
[08:58] {magoo} but say like after close
[08:59] {esemde} lots of mafacturing jobs going elsewhere but But the R&D side is huge down in your neck of the woods
[09:02] {esemde} which brings back to the US loads of money for investment.......evens out the trade imbalance .....so on the outside
[09:02] {esemde} where it appears the outflow of money is
[09:03] {Threei} well, USD strength recently was commented on by many, and suprizing thing surfaced:
[09:03] {Threei} there is a shortage of dollars in eurozone
[09:03] {esemde} is huge it's not the case ...with all that cash coming back in for investment
[09:03] {Threei} who would havwe thought?
[09:04] {Threei} WHITE HOUSE: STRONGLY SUPPORT THE FINANCIAL RESCUE PACKAGE, URGES HOUSE TO PASS THE BILL SWIFTLY
[09:04] {esemde} was a very interesting book......one of the few I've read since coming to this board
[09:04] {Threei} we are bad influence...
[09:04] {Threei} people stop reading... shaving will be next to go
[09:05] {esemde} was not really about trading just some simple economics
[09:08] {dino} gm all, mga interesting
[09:08] {GeoArb} gm all
[09:09] {esemde} yep shaving is the next to go......I shave every 2 days now.......
[09:10] {esemde} shaving degradation.........hmmmm......reality trader board....hmmmmmm....yup...vad is a bad influence
[09:10] {peterg} morning all
[09:10] {esemde} Geo:)
[09:10] {Threei} dino, geo, peter :)
[09:10] {esemde} peter:)
[09:11] {peterg} ese 1
[09:11] {peterg} !
[09:11] {peterg} shaving wakes you up
[09:11] {dino} 10365 was bottom monday and low for years, that is the magic number, imo. we are only 130pts away
[09:11] {peterg} also ese: I followed your thought and used boot camp and can get laser to work
[09:11] {Threei} and gives you a chance to see new faces... in the mirror
[09:11] {esemde} especially the way vad does it with a machetie
[09:11] {Threei} which is a sign of memory faading
[09:12] {fernp} Good morning all
[09:12] {esemde} fern...
[09:12] {Threei} fern :)
[09:12] {peterg} I tested it and am now short 3M at 66.01 and cant buy to close out the sale
[09:12] {peterg} advices?
[09:13] {peterg} if down, all cool, of course
[09:13] {esemde} dino uses the blunt end of a 9 iron to shave....we all have out quirks........drumstick for me
[09:13] {hawkfan4} lol
[09:14] {dino} lol
[09:14] {dptl} good morning all
[09:14] {Threei} dp :)
[09:14] {dino} speaking of 9 irons, heading to sunset beach/myrtle beach, nc on tuesday. golf trip
[09:14] {GeoArb} nice dino
[09:15] {Onix} hi dp, peter, geo, dino :)
[09:15] {dino} thinking the break will be good
[09:15] {dino} c hurt
[09:15] {GeoArb} hey onix
[09:15] {Threei} onix :)
[09:16] {Threei} yeah, looks like markey dislikes that WB was stolen from it
[09:16] {GeoArb} hey vad, any place i can get documentation of new features on laser?
[09:16] {Threei} release notes
[09:17] {Threei} on the page where you download it
[09:17] {GeoArb} oon web? cool? missed it...
[09:17] {Threei} http://www.gndt.com/home/release.htm
[09:18] {GeoArb} thanks vad
[09:18] {Threei} sure
[09:19] {Threei} hmmm
[09:19] {Threei} C
[09:19] {Threei} REPORTEDLY HAS EXCLUSIVITY TO WACHOVIA BANKING OPERATIONS
[09:19] {Threei} {WFC WB}
[09:19] {GeoArb} anyone uses number 13? (NASDAQ cross alerts)
[09:22] {peterg} ese, I got laser to work on windows within mac using bootcamp.
[09:22] {peterg} did not work wi. parallels.
[09:22] {peterg} tks for idea
[09:23] {peterg} now i can trade on vacation!
[09:23] {Threei} watchng NCC for possible hard pullback for long entry
[09:23] {Threei} now, why would you want to trade on vacation...
[09:24] {peterg} stimulation;
[09:24] {peterg} not really a beach guy, though wife loves it
[09:24] {GeoArb} laptop on beach
[09:24] {peterg} something like that
[09:24] {GeoArb} yo dont need a mac you need a panasonic toughbook
[09:24] {peterg} have to make morre $
[09:24] {peterg} have to earn it
[09:25] {peterg} good idea
[09:25] {peterg} does laser work on windows 95?
[09:25] {peterg} have laptop with that
[09:26] {cosmo} peter... i'd get my wife a metal detector
[09:26] {peterg} rofl
[09:26] {cosmo} :)
[09:32] {Threei} 4 break NCC... risky as hell
[09:33] {Threei} take scalp here if you went for it
[09:33] {GeoArb} done
[09:33] {GeoArb} nice !
[09:34] {Threei} let's wait for pullback
[09:34] {GeoArb} out all .17
[09:34] {Threei} big lot?
[09:34] {GeoArb} half
[09:34] {GeoArb} i saw the word risky somewhere
[09:34] {Threei} :)
[09:34] {GeoArb} in .03 out .017
[09:35] {GeoArb} was late
[09:36] {Threei} here comes sharp pullback
[09:37] {Threei} ABK
[09:37] {Threei} worth try near 3.40
[09:37] {Threei} stop under .30
[09:38] {Threei} WHITE ECON ADVISOR LAZEAR: WHITE HOUSE 'FULLY BEHIND' $700B PACKAGE, A POOR STIMULUS SHOULD NOT BE FOCUS- CNBC COMMENTS
[09:38] {dino} eqix sm l .31
[09:39] {Threei} WHITE HOUSE ECONOMIC ADVISOR LAZEAR: NEED TO PASS THE $700B RESCUE BILL TO GET CREDIT MARKETS MOVING AGIAN; A 2ND STIMULUS IS NOT NEEDED
[09:40] {Threei} RUSSIAN EXCHANGE HALTED ONCE AGAIN, WILL NOT REOPEN FOR DURATION OF FRIDAY TRADE - RUSSIAN MEDIA
[09:40] {Threei} {RSX }
[09:40] {Threei} was down 6 or 7%
[09:40] {dino} mga sm l .15 risky
[09:41] {GeoArb} now thats funny based on what russians said http://www.nytimes.com/2008/10/03/world/europe/03russia.html?ref=world
[09:42] {Threei} AAPL
[09:42] {Threei} STEVE JOBS MAY BE HAVING HEALTH RELATED ISSUES - SILICON VALLEY INSIDER CITING BLOG REPORT
[09:42] {Threei} ABK, take scalp here
[09:43] {GeoArb} missed
[09:43] {GeoArb} had jumped back to 50s
[09:45] {Threei} mags... shorted AAPL?
[09:45] {Threei} SILICON VALLEY INSIDER CITING BLOG REPORT
[09:45] {Threei} - Note Confirmation is still pending, we have calls are out to the company.
[09:47] {magoo} missed vad
[09:47] {Threei} if this turns out to be a rumor AAPL will be worth a few points bounce
[09:47] {magoo} bouncer tho
[09:48] {dino} aapl
[09:48] {GeoArb} wow
[09:48] {magoo} whats the runor?
[09:48] {Threei} sh*t... why did I cover so soon :)
[09:48] {GeoArb} 10 mins 10 bucks almost
[09:48] {Threei} STEVE JOBS MAY BE HAVING HEALTH RELATED ISSUES - SILICON VALLEY INSIDER CITING BLOG REPORT
[09:48] {Threei} - Note Confirmation is still pending, we have calls are out to the company.
[09:48] {Threei} - The blog notes that Steve jobs was suffering various chest pains and moved to the hospital, although the original source is choosing to stay anonymous, however the writer is stated as Henry Blodget -} http://www.alleyinsider.com/2008/10/apple-s-steve-jobs-rushed-to-er-after-heart-attack-says-cnn-citizen-journalist
[09:49] {Threei} mama mia
[09:49] {magoo} my god..whole mkt tanks
[09:49] {dino} 97.50 v sm aapl l
[09:49] {dino} wide risky
[09:50] {GeoArb} nice dino
[09:50] {esemde} long SCHW .42
[09:50] {Threei} RIMM ramping up
[09:50] {esemde} 1/2
[09:51] {dino} mga stopped in aapl chaos-.40
[09:52] {Threei} no denial, no confirmation
[09:53] {dino} out aapl 102.70, +5.20
[09:53] {patience} ok dino, party time
[09:53] {esemde} out SCHW.74
[09:53] {Threei} REPORTS OF JOBS BEING HOSPITALIZED NOT TRUE
[09:53] {esemde} + .32
[09:54] {esemde} whoa...still going
[09:54] {dino} ty patience
[09:55] {esemde} 5 beans on appl.....nice one dino
[09:55] {Threei} now... shouldn't this guy be investigated and jailed?
[09:55] {esemde} definately!!!!
[09:55] {GeoArb} depends on lot size
[09:55] {Threei} rofl
[09:55] {dino} lucky es
[09:55] {esemde} you always say luck......
[09:56] {dino} me too i guess as a mean speculator
[09:56] {GeoArb} louis pasteur
[09:56] {GeoArb} luck favors the prepared
[09:56] {GeoArb} or something like that
[09:56] {dino} es, the way i trade luck is a big part. remember profits are luck, losses are skill
[09:57] {GeoArb} hmmmmm deep
[09:57] {GeoArb} so more skillfull smaller losses i guess
[09:57] {dino} chinese: fortune favors the bold, darkness lies an inch ahead
[09:57] {esemde} hmmmmmmmm me as welll geo
[09:57] {esemde} man thats deeper than a snakes belly in a wagon rut....
[09:57] {GeoArb} catching falling knives takes cojones though
[09:58] {esemde} rolf
[09:58] {esemde} sorry thats rofl
[09:58] {GeoArb} confucious says:
[09:58] {esemde} oh no here it comes
[09:58] {GeoArb} picking bottom leads to stinky fingers.
[09:59] {dino} size accordingly, thats all
[09:59] {GeoArb} :)
[10:00] {dino} now eqix, my old friend, start spiking
[10:00] {GeoArb} comments on wft vad?
[10:00] {Threei} OK{ now that AAPL is crealred, we are back to our usual programming... bailout or no bailout
[10:01] {GeoArb} late
[10:01] {Threei} WFT chart is nice but long on energy stock...
[10:01] {dino} its' a "yea"
[10:02] {Threei} dunno
[10:02] {Threei} I'd stay away from those
[10:02] {GeoArb} ok
[10:02] {Threei} you think dino?
[10:02] {GeoArb} something pushing it
[10:02] {GeoArb} cant see news
[10:03] {Threei} US REP. SOLIS (D): I AM DOING THE RIGHT THING AND CHANGING MY VOTE TO YES FROM NO,
[10:04] {GeoArb} i stayed away vad... but you gotta look
[10:05] {Threei} ?
[10:05] {GeoArb} well not anymore
[10:06] {dino} molx sm s .25,m stop hod
[10:07] {Threei} FDIC NOTES IT STANDS BEHIND THE PREVIOUSLY ANNOUCED DEAL FOR WB FROM CITIBANK, BUT ALSO SAYS BOTH DEALS WOULD SUPPORT CREDITORS
[10:07] {Threei} - FDIC will be reviewing all proposals in pursuing a resolution of Wachovia.{C WFC}
[10:08] {Threei} US HOUSE BEGINS PROCEDURAL VOTE ON BAILOUT BILL
[10:09] {dino} out eqix slipped, .98, +.67
[10:10] {dino} molx bstop to b/e too much noise from govt
[10:11] {Onix} your patience is amazing dino!
[10:11] {Threei} hmmm
[10:11] {Threei} qhy is AAPL selling again
[10:11] {Threei} people want to see Jobs?
[10:12] {dino} ?? onix
[10:13] {Onix} to stay so long in a trade, dino
[10:13] {GeoArb} wow aapl was about 180 in AUG
[10:13] {dino} molx cov. +.054
[10:13] {GeoArb} betch lot od 401k holders pissed
[10:14] {Threei} US MINORITY LEADER BOEHNER:BILL 'BETTER' THAN WEEK AGO, NOT 'PERFECT'
[10:14] {dino} throw a \hard stop in onix, let it trade
[10:15] {dino} c going for monday lows?
[10:15] {dino} that should pop on vote
[10:15] {Threei} US HOUSE WHIP BLUNT: CALLS COMING TO CONGRESS ARE COMING IN EVENLY IN SUPPORT AND AGAINST BILL V MAJORITY AGAINST PREVIOUSLY
[10:16] {Threei} if public support evens out, that will pass
[10:16] {Threei} WB halted
[10:17] {GeoArb} didnt wells fargo buy wachovia incorporated?
[10:17] {Threei} yes but there is some unclear part about C deal
[10:18] {Threei} 09:18am [C] Reportedly Citi believes it has exclusivity to Wachovia banking operations - Fox Business
[10:18] {GeoArb} As far as Citigroup is aware, its agreement with Wachovia is still in place, said a person familiar with Citigroup's position. Regulators will review the Wells Fargo bid ``to achieve an outcome that protects all Wachovia creditors, including depositors, insured and uninsured, and promotes market stability,'' according to a statement from the Federal Reserve.
[10:18] {Threei} C spiking
[10:18] {GeoArb} bloomberg
[10:19] {magoo} should halt c
[10:20] {Threei} and WFC while on it
[10:20] {Threei} I mean, let's get on with hatling business and halt everything we can think of
[10:21] {Threei} CITIGROUP CONFIRMS: NOTES WFC DEAL BREACHES EXCLUSIVITY
[10:21] {Threei} {WFC C}
[10:23] {Threei} 20 break C half lot
[10:23] {dino} amzn strange
[10:24] {Threei} stop under .80
[10:25] {Threei} doesn't want to go
[10:25] {dino} waiting at 19.50
[10:26] {Onix} stopped C
[10:26] {Threei} WFC
[10:26] {Threei} CHAIRMAN: CONFIDENT THAT THE CITIGROUP DEAL WITH WACHOVIA WAS NOT FINALIZED
[10:26] {Threei} {WB C}
[10:26] {Threei} ahhh... war of headlines started
[10:27] {Threei} scratching C here
[10:27] {Threei} out + 4 cents
[10:27] {GeoArb} 3 here
[10:27] {cosmo} House Bill gonna pass
[10:27] {Threei} beat ya
[10:27] {cosmo} i think
[10:27] {GeoArb} there is a erason you run the room and not me :)
[10:28] {Threei} lol
[10:28] {GeoArb} ah crap
[10:28] {dino} amzn sm l .25
[10:28] {GeoArb} anyone?
[10:29] {Threei} oh well
[10:30] {Threei} common sense saays, it's a yea
[10:30] {Threei} they said they wouldn't bring package to vote if they didn't have enough
[10:30] {Threei} but sheesh
[10:30] {Threei} stranger thinggs happened lately
[10:30] {Threei} ABK spike
[10:31] {Threei} well...
[10:31] {Threei} all 5 cents of it
[10:35] {dino} amzn stop to .65
[10:36] {Threei} seems ABK is in better position to benefit from bill passage
[10:36] {Threei} than NCC
[10:36] {Threei} not sure why
[10:36] {GeoArb} Friday, October 03, 2008 7:33:58 AM
[10:36] {GeoArb} Reportedly US House clears procedural vote (235-190), can move ahead on the rescue bill vote later today
[10:36] {dino} stopped +.40
[10:36] {dino} amzn
[10:37] {dino} cetv ouch
[10:38] {Threei} WB opened
[10:39] {Threei} AIG is another one to benefit
[10:39] {Threei} CITIGROUP MAY 'SWEETEN' OFFER FOR WACHOVIA INSTEAD OF LAWSUIT AGAINST WFC - WSJ
[10:39] {Threei} {C WFC}
[10:40] {dino} v sm, v risky, v wide cetv l .01
[10:40] {GeoArb} so dino if I may.... whats v sm for you?
[10:41] {dino} 200 on cetv
[10:41] {dino} aapl was only 100
[10:41] {GeoArb} TY
[10:41] {dino} sm=300, nothing 500
[10:41] {GeoArb} ok
[10:41] {GeoArb} is magoo on vacation?
[10:41] {dino} i am the turtle as magoo says, slow and steady
[10:42] {dino} he's here
[10:42] {GeoArb} and howcome everyone ignoring laserdave
[10:42] {Threei} sharp pullback ABK
[10:44] {dino} crmt
[10:51] {hawkfan4} watching abk too vad, closer to 3.60?
[10:52] {Threei} probably
[10:52] {Threei} and AIG
[10:52] {Threei} ABK doesn't want to pull back that far...
[10:53] {hawkfan4} nope
[10:53] {hawkfan4} you thinking break or pullback aig?
[10:53] {Threei} THE US FINANCIAL RESCUE BILL NOW HAS 12 VOTES THAT WERE NO CHANGED TO YES
[10:53] {Threei} whichever comes first
[10:54] {hawkfan4} gotcha, thanks :)
[10:54] {Threei} - Reminder on Monday the plan did fail by 12 votes
[10:58] {Threei} NCC dosn't seem to show much enthusiasm
[11:00] {dino} cedtv stopped -.60
[11:00] {dino} will come back to that one
[11:05] {dino} ok, have to meet gas company, back in hour or so
[11:05] {fernp} bye dino
[11:10] {Threei} time to start partialling AIG
[11:10] {Threei} 20 cents
[11:10] {hawkfan4} nice one vad, thx :)
[11:10] {Chaeron} good morning all
[11:11] {GeoArb} hey chaeron
[11:11] {Threei} chaeron :)
[11:12] {Threei} want to wait for pullback on AIG now for re-entry
[11:13] {Threei} and offer the balance somewhere above 5
[11:13] {Threei} no exact price, depending on how it spikes
[11:13] {Threei} NCC is not participating
[11:14] {Threei} WB
[11:14] {Threei} CEO: AGREEMENT WITH CITIGIROUP IS NOT BINDING, 'CONTROVERSY WILL BE ADDRESSED' - WSJ
[11:14] {Threei} {C WFC LPS}
[11:16] {Threei} somewhere around 4.70 probably AIG
[11:21] {Threei} finally pullback ABK
[11:21] {Threei} took .90
[11:22] {Threei} stop under .80
[11:22] {GeoArb} took 90?
[11:22] {magoo} full?
[11:22] {Threei} yeah, stop is tight enough
[11:23] {GeoArb} i am confused
[11:23] {GeoArb} break of 90?
[11:23] {Threei} bought .90
[11:23] {magoo} fell into .90..a bouncer
[11:23] {GeoArb} on the way down?
[11:23] {Threei} right when I posted it
[11:24] {magoo} not many fall upward
[11:24] {GeoArb} sheesh
[11:24] {Threei} not sure what cofuses you :)
[11:24] {cosmo} the universe falls up
[11:24] {magoo} really?
[11:24] {GeoArb} ahhhhhhh
[11:24] {Threei} mags don't forget, cosmo doesn't believe in gravity
[11:25] {cosmo} away from itself
[11:25] {GeoArb} you dont wanna know what i did
[11:25] {cosmo} into every direction
[11:25] {cosmo} ....but i digress
[11:25] {GeoArb} was staring at AIG
[11:25] {Threei} ohh
[11:26] {Threei} AIG I suggested closer to .70
[11:26] {Threei} hit .74
[11:26] {Threei} wasn't very clear there
[11:26] {Chaeron} I was waiting at .73.........
[11:26] {GeoArb} it hit 73 you filled chaer?
[11:26] {Chaeron} no
[11:26] {GeoArb} k
[11:27] {Chaeron} but I got ABK at .91
[11:27] {Threei} almost no trades at .73
[11:27] {Threei} just touched it and immediately bounced
[11:27] {Threei} still have original half lot from .70 break
[11:27] {Threei} wanted to add back half I sold at .90
[11:29] {GeoArb} quick Q
[11:29] {GeoArb} shaving prices doesnt work anymore right
[11:29] {Threei} SWEDEN'S RIKSBANK: SWEDEN'S PAYMENT SYSTEM DID NOT FAIL YESTERDAY
[11:29] {Threei} was it supposed to?
[11:29] {GeoArb} its distracting..... ill adjust the keys
[11:29] {Threei} why not?
[11:30] {GeoArb} the 4.7699 stuff
[11:30] {Threei} what happened to shaving?
[11:30] {magoo} boy..this mini rally makes the approach to mkt post bill approval difficult
[11:30] {magoo} could just sell the news
[11:30] {GeoArb} doesnt give priority to .77
[11:30] {magoo} on other hand..IF IF bill fails....crash
[11:30] {Threei} I didn't track these developments... was it posted scomewhere?
[11:31] {hawkfan4} NCC doing it's thing
[11:32] {Threei} AIG too
[11:33] {Threei} grabbed .65
[11:33] {Threei} astop under .60 for full lot
[11:34] {Threei} absence of shorts to soften pullbacks makes these drops truly frightening
[11:36] {hawkfan4} for real. And if there were shorts, NCC would probably have opened much higher
[11:36] {Threei} what can I say... market is being regulated by idiots
[11:36] {GeoArb} I heard a great quote yesterday
[11:37] {GeoArb} the US system was designed by geniuses so that it could be goverend by idiots
[11:37] {Threei} and so they do
[11:37] {Threei} WHITE HOUSE SAYS PRESIDENT BUSH IS SCHEDULED TO SPEAK FOLLOWING THE HOUSE VOTE ON THE FINANCIAL RESCUE PACKAGE
[11:43] {Threei} hmmm... I might have to leave for a few weeks it seems... some poor gal in Nigeria, daughter of late big oil magnate, requires my urgent assistance in obtaning significant amount of money...
[11:43] {GeoArb} leave for marriage?
[11:43] {Threei} oh, just to assist
[11:43] {Threei} out of kindness of my heart
[11:43] {GeoArb} yeah right vad
[11:43] {GeoArb} humanitarian
[11:43] {Threei} out half AIG .79
[11:44] {GeoArb} TY vad gotta go
[11:44] {Threei} you took it?
[11:46] {Threei} TALLY OF HOUSE REPRESENTATIVES NOW EXPECTED TO SWITCH THEIR VOTES TO 'YES' ON THE RESCUE PLAN HAS REPORTEDLY RISEN TO 20
[11:47] {Threei} lol, market loses sensitivity to this constant barrage of headlines
[11:48] {magoo} so..whats your thoughtys after passage on mkt for the day lord vader??
[11:49] {Threei} seems like selloff in cards... with or without initial short-lived spike
[11:50] {magoo} espec if holds highs
[11:53] {Threei} FRE
[11:53] {Threei} DROPS PLANS TO INCREASE MORTGAGE FEES
[11:54] {magoo} house vote just minutes away cnbc
[11:54] {magoo} could get dicey
[11:55] {magoo} im gonnas take 1000 sh cme short just in case {he he}
[11:55] {Threei} eeck
[11:55] {magoo} not avail
[11:55] {Threei} if no passage, buy all QID you can afford
[11:56] {Threei} sell farm wife and kids and buy more
[11:56] {magoo} vad, really?because it will be fast so is that your plan...?
[11:56] {Threei} unless it moves too far before I manage to click
[11:57] {Threei} CITIGROUP SAYS OCT 6 WAS THE EXCLUSIVITY TERMINATION DATE IN THEIR DEAL WITH WACHOVIA
[12:10] {Threei} bill passage is now all but sure, yet market doesn't really running
[12:10] {Threei} makes you think...
[12:10] {dino} back
[12:10] {cosmo} never think
[12:10] {patience} of what vad
[12:11] {Threei} that dump may be an outcome in any case
[12:17] {dino} watching cetv again
[12:22] {Threei} and we are dropping why?
[12:22] {cosmo} Ron Paul making sense on the floor...
[12:22] {Threei} HOUSE DEBATE CONTINUES, A VOTE IS EXPECTED WITHIN THE HOUR, MORE THAN 20 "NO" VOTES HAVE REPORTEDLY SWITCHED TO "YES"
[12:22] {Threei} so what
[12:23] {Threei} do they think he is going to convince them to vote no?
[12:23] {dino} vocs, qsii drops
[12:24] {Threei} he is making too much sense, no one wants to listen to that
[12:24] {cosmo} not right now anyway
[12:25] {Threei} who ever in history wanted to hear truth
[12:25] {cosmo} me
[12:25] {Threei} ummm
[12:25] {Threei} I'll rephrase
[12:25] {Threei} what collective entity ever in history wanted to hear truth
[12:26] {cosmo} the gnostics?
[12:26] {Threei} lol
[12:27] {dino} hmm, the police on radio, haven't heard them in awhile
[12:28] {cosmo} "too much information"?
[12:28] {dino} geo, give me a read on cetv
[12:28] {dino} magoo left, i'm bored
[12:28] {Threei} left??
[12:28] {Threei} just befofe the vote?
[12:29] {patience} beer run
[12:29] {cosmo} xanax
[12:29] {dino} accountant called
[12:30] {hawkfan4} The Police made 115 million last year
[12:30] {dino} probably more than when they were live
[12:30] {cosmo} royalties?
[12:31] {hawkfan4} no, touring, playing their oldies
[12:31] {cosmo} w/sting?
[12:31] {dino} wow
[12:31] {hawkfan4} yep: http://www.forbes.com/lists/2008/53/celebrities08_The-Police_WPMT.html
[12:32] {hawkfan4} I think Vad was #7
[12:33] {dino} it's his mutant 3rd eye
[12:33] {hawkfan4} everyone should have one
[12:33] {dino} must have been picked on as a kid
[12:33] {Threei} HOUSE DEBATE CONTINUES ON FINANCIAL RESCUE BILL, A VOTE ON THE MEASURE IS EXPECTED WITHIN THE HOUR, REPORTEDLY MORE THAN 20 "NO" VOTES HAVE REPORTEDLY SWITCHED TO "YES"
[12:33] {Threei} - some reports suggest a handful Democrats who backed the bill Monday will switch their votes to "No," but it appears the bill is on track to pass.
[12:34] {dino} cspan said vote 12:45
[12:34] {Threei} wow
[12:34] {Threei} watch this:
[12:34] {Threei} http://www.foxnews.com/video2/video08.html?maven_referralObject=3129030&maven_referralPlaylistId=&sRevUrl=http://www.foxnews.com/
[12:34] {Threei} this is something
[12:40] {dino} schs
[12:41] {cosmo} cortisol deficiency on FOX
[12:41] {Threei} I am half out ABK here
[12:41] {Threei} gotta have some insurance
[12:41] {cosmo} video that is
[12:41] {Threei} you Chaeron?
[12:41] {patience} fox is not good for my blood pressure
[12:42] {Threei} this was a bit too much even for O'Reilly
[12:42] {Threei} but heck
[12:42] {Threei} isn't he right
[12:42] {hawkfan4} wow, that's intense
[12:44] {Threei} market likes Hoyer
[12:45] {Threei} US SEEN MOVING FORWARD WITH $6B ARMS SALE TO TAIWAN - FT
[12:45] {Threei} - Note prior reports in recent months indicated that the US was putting arms sales to Taiwan on hold
[12:45] {hawkfan4} http://www.youtube.com/watch?v=O_HyZ5aW76c&feature=related more Orreilly
[12:45] {cosmo} maybe bill's a 'molly mcguire'
[12:46] {Threei} thanks hawk but I had all of him I can handle in one day
[12:46] {hawkfan4} lol, i think you might like it
[12:49] {Threei} lol
[12:49] {Threei} I did
[12:49] {hawkfan4} :)
[12:55] {magoo} back
[12:56] {Threei} ABK honestly trying
[12:57] {Threei} oh and magoo
06[12:57] * Threei slaps magoo around a bit with a large trout
[12:58] {Threei} out second half .24
[12:58] {magoo} thank u :)
06[12:58] * magoo slaps Chaeron around a bit with a large trout
[12:58] {Threei} welcome sir
[12:58] {Threei} chaeron... you here??
[13:02] {dino} vsm v risky, l cetv .38
[13:03] {Threei} one more bailout mover: SOV
[13:04] {Threei} CALIFORNIA STATE TREASURER CONFIRMS EARLIER REPORTS THAT GOV SCHWARTZENAGGER HAS REQUESTED UP TO $7B IN LOANS FROM THE US TREASURY
[13:05] {dino} 0 for 2 on cetv done w/it
[13:08] {dino} vote
[13:08] {Threei} HOUSE VOTE BEGINS ON FINANCIAL RESCUE BILL
[13:09] {dino} l c sm .50\
[13:10] {Threei} 85/34
[13:10] {Threei} 91/35
[13:10] {dino} what do they need? 120?
[13:11] {dino} 220
[13:11] {dino} ?
[13:11] {cosmo} 800B
[13:11] {dino} lol
[13:11] {Threei} lol
[13:11] {Threei} and a lot of wooden arrow ends
[13:12] {Threei} 100/38
[13:12] {magoo} we in anything
[13:13] {Threei} no
[13:13] {Threei} qwow ABK
[13:14] {Threei} took half .94
[13:17] {Threei} out
[13:17] {Threei} + lousy 13 cents
[13:17] {magoo} easy tho
[13:18] {Threei} argh
[13:18] {Threei} missed SOV pullback
[13:19] {patience} a toughie to be a hedge fund manager whose mandate is to be fully invested at all times
[13:19] {Threei} yikes... scary thought
[13:19] {patience} watched interview yesterday with guy in this position
[13:21] {Threei} 1 min left
[13:22] {Threei} 202/118
[13:22] {cosmo} slam dunk
[13:22] {Threei} US HOUSE RESCUE BILL GAINS ENOUGH VOTES TO PASS
[13:22] {Threei} - bill has reached the 218 vote threshold necessary for passage{TLT GLD USO EUR/USD USD/JPY GBP/USD}
[13:23] {dino} selling off
[13:23] {dino} -100 pts
[13:24] {Threei} [12:10] {Threei} bill passage is now all but sure, yet market doesn't really running
[13:24] {Threei} [12:10] {Threei} makes you think...
[13:24] {Threei} [12:11] {Threei} that dump may be an outcome in any case
[13:29] {Threei} everuone stayed clear of longs?
[13:29] {magoo} yep..i shorted lil goog
[13:29] {hawkfan4} yes sir
[13:29] {magoo} out
[13:30] {magoo} u and i been discusing this for 2 days
[13:30] {Threei} :)
[13:30] {magoo} u looking for bouncers
[13:30] {Threei} not really
[13:30] {Threei} rather for QID pullback
[13:31] {Threei} scalped it twice but didn't really want to call it
[13:31] {Threei} too hectic, risk is huge
[13:31] {magoo} if fed does surprise rate cut here
[13:31] {magoo} could kill short
[13:32] {GeoArb} hi back... are we in any positions?
[13:33] {Threei} nope, closed them before bill vote
[13:33] {dino} =200
[13:33] {GeoArb} cool...
[13:33] {Threei} mama mia
[13:34] {dino} keep in mind wecwere -380 or so yesterday
[13:34] {dino} we were
[13:34] {Threei} ok, watching AIG now for bounce scalp
[13:34] {dino} 10365 area
[13:35] {Threei} in, stop under 4
[13:36] {Threei} out 4.30
[13:36] {Threei} easy 22 cents
[13:36] {Threei} anyone?
[13:37] {Threei} you guys are too lazy
[13:37] {magoo} to fast
[13:37] {Threei} easy money
[13:37] {patience} nope, just know when my skillset doesn't match market conditions
[13:37] {magoo} was watching
[13:37] {GeoArb} still pulling up laser at work :(
[13:37] {magoo} u in out before i could react
[13:40] {Threei} ugh... sold too soon
[13:41] {dino} eqix sm l .30
[13:41] {GeoArb} serves ya right vad
[13:41] {GeoArb} driving off without us
[13:42] {Threei} want me to push your entry buttons for ya?
[13:42] {GeoArb} i would love that
[13:42] {GeoArb} better yet just connect the accounts
[13:42] {GeoArb} not even a puny red herring..... forget a trout
[13:44] {dino} eqix stopped
[13:44] {Threei} isn't it ironic,
[13:45] {Threei} these guys congratulate each other on TV
[13:45] {Threei} while market pukage exceeds all sane limits
[13:46] {Threei} put CNN on, look at them and look at the market
[13:46] {Threei} this is a whole separate shows
[13:46] {Threei} show
[13:46] {magoo} i know..they talking about a rally
[13:47] {hawkfan4} AAPL 90's
[13:47] {magoo} vad quote server please
[13:47] {Threei} 4
[13:47] {magoo} ty my good man
[13:48] {Threei} just imagine wat happened today to those who have no idea about major idea of tape reading that alerted us about possibility of selloff
[13:48] {Threei} and went with obvious "bill passes, go long"
[13:49] {patience} but who wants to go long over the weekend....
[13:50] {Threei} but we are rescued
[13:50] {Threei} aren't we?
[13:50] {magoo} just hit cme l 100 sh 373
[13:50] {Threei} FED'S BERNANKE: THE FED WILL USE ALL THE POWERS AT HIS DISPOSAL TO SOLVE THE CREDIT CRISIS, PRAISES CONGRESS'S MOVE TO PASS THE FINANCIAL RESCUE PACKAGE
[13:51] {magoo} too risky to alert
[13:51] {Threei} CME is too risky to even watch
[13:51] {magoo} out 378.21
[13:51] {Threei} thank you for sparing us
[13:51] {Threei} and wtg
[13:51] {hawkfan4} sweet mags
[13:51] {magoo} + 5
[13:51] {magoo} somethin
[13:52] {magoo} u cvan audit to see if i tellin truth vad...but will cost u beer money if I true
[13:53] {Threei} gosh... why would I want to do that
[13:53] {magoo} but i can;t saccrifice someone in room with that
[13:53] {magoo} because u re down right mean
[13:53] {Threei} I am not in business of validating members' statements :)
[13:53] {magoo} sheesh...funnin whicha
[13:54] {magoo} [13:53] {magoo} because u re down right mean
[13:54] {Threei} who's mean? I'm mean???
[13:54] {Threei} wait...
[13:54] {Threei} I am mean...
[13:54] {hawkfan4} lol
[13:54] {magoo} thats what im trying to say
[13:54] {Threei} lol
[13:54] {Threei} AIG
[13:54] {Threei} CEO: THERE MAY NOT BE ANY BUYER FOR THE FIRM'S MORTGAGE INSURANCE UNIT
[13:54] {Threei} {ABK MBI}
[13:56] {Threei} ok... starts to feel like we are to go up from here
[13:56] {hawkfan4} ABK held better than the other little finnies
[13:57] {Threei} true
[13:57] {Threei} I'd perefer something outside of finnies world though
[13:57] {Threei} RIMM
[13:57] {Threei} AAPL
[13:57] {Threei} this kind of stuff
[13:58] {magoo} yup/
[13:58] {Threei} TREASURY SEC PAULSON: PASSAGE OF THE FINANCIAL RESCUE PACKAGE IS CRITICAL FOR SAVING US JOBS
[13:58] {magoo} well it was correct so
[13:58] {Threei} 64 break
[14:01] {Threei} a l,ot of volatility still
[14:03] {Threei} Bush on TV
[14:04] {Threei} never good for a market
[14:04] {hawkfan4} was just gonna say that the market truly hates Bush, probably pop right when he's done
[14:07] {Threei} OK... downside ought to be done for the day
[14:08] {Threei} I don't think we will see new low
[14:08] {Threei} well, unless someone opens their big mouth and demands new vote, lol
[14:09] {Threei} TREASURY OFFICIAL: FIRST AUCTION UNDER THE RESCUE PLAN WILL LIKELY NOT BEGIN FOR AT LEAST 4 WEEKS
[14:09] {Threei} - Treasury to hire between 5 and 10 asset management firms to help carry out the plan{TLT GLD SPY EUR/USD}
[14:09] {dino} they called magoo
[14:10] {Threei} cool
[14:10] {Threei} mags... I have a lot of stuff to sell to Fed
[14:10] {Threei} old kids toys
[14:10] {Threei} some are even wooden
[14:10] {Threei} not arrows mind you but still
[14:11] {Threei} C
[14:11] {Threei} bounbce time me thinks
[14:12] {Threei} .35 long
[14:12] {Threei} if stays above .25
[14:14] {Threei} anyone found RIMM entry, take half here
[14:14] {Threei} C over 1:1
[14:15] {dptl} ty c +.11
[14:15] {Threei} )
[14:18] {Threei} back in RIMM
[14:18] {Threei} IMO, pullbacks are to be bought from now on
[14:18] {Threei} CONGRESSMAN FRANK: HOPE THE TREASURY CAN BEGIN BUYING DISTRESSED ASSETS WITHIN A FEW WEEKS
[14:21] {Threei} too early probabaly... keeoing stop under .80
[14:22] {Threei} okay okay, I got it RIMM
[14:25] {dino} wow, did not expect that fill, v sm l aapl .50
[14:27] {Threei} what again?
[14:27] {Threei} back in RIMM
[14:27] {Threei} stop under .30
[14:29] {dino} re-test of yesterdays lod dji
[14:30] {dino} and ndx
[14:30] {Threei} half out RIMM +.40
[14:31] {Threei} second half no worky, out -.15
[14:32] {Threei} something else is happening behind the curtain
[14:32] {Threei} market no likey whatever it is
[14:32] {dino} 59 pts to go dji
[14:33] {dino} things are bad, maket realizes it
[14:33] {Threei} WARREN BUFFETT: THE FINANCIAL RESCUE PACKAGE IS NOT A PANACEA - CNBC INTERVIEW
[14:33] {Threei} oh good
[14:34] {Threei} weren't we sold it as such?
[14:40] {Threei} wake up you guys
[14:40] {Threei} anyone sees anything trade-worthy?
[14:40] {magoo} i am
[14:40] {Threei} got any ideas?
[14:41] {hawkfan4} AIG maybe, .20
[14:41] {Threei} looks good to me if market reverses
[14:41] {Threei} actuallt, aggressive entry maybe even more intyeresting
[14:44] {Threei} closer to 4 for doluble bottom?
[14:44] {dino} thinking ddm l somewhere
[14:45] {Threei} WHITE HOUSE: PRESIDENT BUSH WILL SIGN THE FINANCIAL RESCUE BILL TODAY
[14:45] {dino} re-test area
[14:45] {Threei} market immediate downtick
[14:45] {Threei} so, looks like if credit crisis didn't kill us, this bill will?
[14:49] {dino} in dino's warped view, until the election, chaos
[14:50] {Threei} and after election order?? :)\
[14:50] {hawkfan4} and peace and love
[14:50] {dino} deadlock and gradual return to normalcy in feb/mar
[14:51] {Threei} group hugs on the street
[14:51] {hawkfan4} dogs and cats living together
[14:51] {Threei} US HOUSE PASSES THE EXTENSION OF UNEMPLOYMENT BENEFITS
[14:51] {Threei} wolves and calfs?
[14:51] {hawkfan4} that seems like a stretch
[14:52] {dino} this is what happens when shorts don't worry about covering
[14:52] {dino} you forgot, the in sin, part
[14:52] {Threei} oh
[14:52] {Threei} I always forget that
[14:53] {hawkfan4} AIG .13
[14:53] {dino} yes, you see, it is normal for cats and dogs to live in same house, the sin part is chaos
[14:54] {dino} ghost busyers
[14:54] {dino} busters
[14:54] {dino} we go up to 150
[14:57] {dino} another 400 range day give or take
[14:58] {hawkfan4} AAPL headed green
[14:59] {Threei} advantage of aggressive entry for ya, hawk :)
[14:59] {hawkfan4} definitely :)
[14:59] {Threei} it barely broke resistan ce and you already have 1:1
[15:01] {hawkfan4} also watching ABK .50 break
[15:07] {Threei} back in AIG
[15:08] {magoo} where?i chase here
[15:08] {Threei} no
[15:08] {Threei} right here
[15:08] {magoo} ok kin with ya
[15:09] {magoo} stop .98
[15:09] {magoo} ??
[15:09] {magoo} asking
[15:09] {Threei} yeah
[15:10] {magoo} lil rough on 10k sdhasres..but ok
[15:11] {laserdave1} test
[15:12] {magoo} if u believe there really is a santa..er, um..plunge protection team...today is THE day
[15:12] {magoo} fclose 'er up
06[15:13] * Threei slaps laserdave1 around a bit with a large trout
[15:13] {Threei} test this
06[15:13] * magoo slaps Threei around a bit with a large trout
06[15:13] * magoo slaps patience around a bit with a large trout
[15:14] {patience} magoosky, does that trout have a friday afternoon beer?
[15:15] {magoo} oh yeah..but i must confess..i had thurs beer, weed beer ,....
[15:15] {magoo} weed=wed
[15:15] {peterg} is suicide by trout a possibility?
[15:15] {magoo} im quitting my ytyping course...
[15:15] {magoo} not a dramatic improvement as promised
[15:16] {dino} i just offered him an ice cold vodka shot, but he refused
[15:17] {patience} move magoo, i'll take it
[15:17] {dino} some day patience
[15:17] {magoo} i hope we get to party together someday patience:)
[15:17] {patience} on a cruise ship dino..,.cruised down west coast last week
[15:17] {dino} cool, i like cruising
[15:17] {patience} someday magoo :)
[15:18] {patience} shopped myself silly in union square last week in san fran
[15:18] {patience} need to pay mastercard today, with this week's winnings
[15:18] {patience} croak
[15:18] {dino} helping the economy, huh
[15:18] {patience} sales in macey's and other stores...unlike anything i had seen before
[15:19] {peterg} what, the prices?
[15:19] {patience} yup
[15:19] {peterg} signs o the times
[15:19] {dino} my wife and daughter took the day off to go to kohls, macy's, boscov's etc. it's going to hurt
[15:20] {patience} also, went into victoria's secret, with about half a dozen sales assistants running around store getting me everything as fast as they could
[15:20] {patience} store was empty
[15:20] {dino} sweet
[15:22] {magoo} vad,forgot i had aig
[15:22] {magoo} we out?
06[15:22] * dino slaps magoo around a bit with a large trout
06[15:24] * Threei slaps magoo around a bit with a large trout
[15:24] {peterg} is it possible to suicide by trout? who will try it?
[15:24] {Threei} lol
[15:24] {Threei} yes
[15:25] {peterg} ok
[15:25] {peterg} ok ill try it.
06[15:25] * peterg slaps peterg around a bit with a large trout
[15:25] {peterg} wow
[15:25] {Threei} BUSINESS BANKRUPTCIES REPORTEDLY UP 67% IN SEPT VS YEAR AGO
[15:25] {Threei} - bankruptcy filings up 32% YTD vs 2007
[15:25] {magoo} dammit..u make$$
[15:25] {peterg} what?
[15:32] {dino} esrx blood
[15:33] {dino} sprwb
[15:33] {dino} fslr
[15:37] {magoo} i thought we'd close better truly
[15:37] {dino} fcx v sm l .75
[15:38] {Threei} I did too mags
[15:38] {magoo} its like there is no value in mkts
[15:38] {Threei} selloff after bill passage we figured right
[15:38] {Threei} but no strength whatsoever into close...
[15:39] {patience} that's because my muscles are trying to hold up the white flag
[15:41] {Threei} IMO... this bill would have had much more preeonounced positive INITIAL reaction if passed on a first try
[15:42] {Threei} market simply got too much time to get tired of it and evaluate it
[15:42] {dino} here comes dji test
[15:43] {dino} broke
[15:44] {magoo} wev are down 135
[15:44] {magoo} sigh
[15:45] {magoo} it never ends
[15:45] {Threei} there
[15:45] {Threei} magic words
[15:45] {magoo} afraid to short but it was easy money..we called it
[15:45] {Threei} when everyone says them, that's when it ends
[15:45] {dino} wow another 450 point range day
[15:46] {Threei} question
[15:46] {Threei} after house rejected bill first time, they were told
[15:47] {Threei} look what happened in the markets
[15:47] {Threei} what are they going to tell them now?
[15:47] {dino} that they just threw away 700 b
[15:47] {dino} lol
[15:49] {Threei} looking at what happened, 2 things come to mind
[15:49] {Threei} first: were we just rescued or weren't we
[15:49] {Threei} second: if we were, may we never ever be rescued again
[15:50] {dino} dji wants 10k
[15:50] {dino} few days
[15:50] {patience} you are right dino
[15:50] {Threei} few?
[15:50] {magoo} 10 minutes
[15:50] {Threei} at this rate, I don't see why it should be longer than 1
[15:51] {peterg} vampire goes into a bar
[15:52] {peterg} asks for a blood light
[15:52] {dino} lol
[15:53] {dino} hotdog goes into bar....bartender says sorry we don't serve food
[15:53] {hawkfan4} lol
[15:53] {peterg} rofl
[15:53] {Threei} you guys make me feel good
[15:53] {Threei} well... better
[15:53] {peterg} lion devours bar girl
[15:53] {Threei} about my sense of humor that is
[15:53] {peterg} bartender says, how was that barbituate?
[15:54] {dino} we missed esrx, beauty
[15:54] {dino} lol
[15:54] {patience} the jokes are good :)
[15:55] {Threei} of course they are
[15:55] {Threei} if even I can understand them
[15:56] {dptl} have a good weekend all:)
[15:56] {Threei} take care dp
[15:59] {magoo} tru-blood
[15:59] {peterg} the hbo series?
[15:59] {magoo} yep
[15:59] {Threei} REMINDER: THE SEC RECENTLY EXTENDED THE FINANCIAL STOCK SHORT SALE BAN TO 3 DAYS AFTER THE BAILOUT BILL PASSES
[15:59] {Threei} - therefore the short ban is now expected to end next Thursday morning.
[16:00] {magoo} we will see
[16:00] {peterg} nice atmospherics, little more plot twist would help
[16:00] {Threei} sometime next wweek we should get real juicy bounce
[16:00] {magoo} never vad
[16:00] {Threei} hehe
[16:00] {Threei} OK, never
[16:00] {magoo} well couldnt hold my high pof 4100
[16:01] {Threei} I am pretty happy with how we stayed away from long exposure into bill passage
[16:01] {magoo} me too
[16:01] {Threei} closed everything before the vote
[16:01] {patience} happy to hear the bell ring
[16:01] {peterg} well done team
[16:01] {Threei} how's TSX?
[16:01] {magoo} i made 3400 today
06[16:01] * Threei slaps magoo around a bit with a large trout
[16:01] {patience} oh magoo, you're buying she says
06[16:01] * Threei slaps magoo around a bit with a large trout
[16:01] {magoo} high was 4100
[16:01] {magoo} pissed
[16:01] {magoo} ask dino too..i am
[16:02] {magoo} BEER DINO
[16:02] {peterg} dortmunder uniion for me pls
[16:02] {dino} -13% dji in week, -18% ndx
[16:02] {Threei} maybe should have been more agressive on a short side
[16:02] {Threei} but heck
[16:02] {Threei} it was anything but easy decision
[16:02] {magoo} nah..its so nasty swings
[16:02] {Threei} Ok guiys, thank you all,
[16:03] {Threei} this was historic week
[16:03] {magoo} crap..im only flippin 200 shghares and made that
[16:03] {magoo} nuts
[16:03] {Threei} stuff to tell grandkids about
[16:03] {peterg} thks & gdnight
[16:03] {dino} 486 pt dji range or 4.5% in a day. this is wild
[16:03] {magoo} ty vad..u in monday
[16:03] {dino} used to take two weeks to move like that
[16:03] {peterg} remember the day of 777!!
[16:03] {Threei} "grandfather, where have you been on the day of Great 700B Waste"?
[16:03] {peterg} probably next is 666
[16:04] {peterg} trying to make a buck
[16:04] {Threei} have a great weekend, see you on Monday
[16:05] {dino} feels like 10,000 coming,
[16:05] {patience} municipal government bonds defaulting coming
[16:06] {magoo} dcc laser
[16:07] {dino} i'm grabbing a beer, mentally exhausted

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