Oct 06 2008

Session Time: Mon Oct 06 00:00:00 2008
[07:36] {_xzap} test
[08:15] {Threei} THE FED IS REPORTEDLY MEETING WITH THE CME AND ICE TO DISCUSS ESTABLISHING A NEW CDS EXCHANGE - CNBC
[08:16] {Threei} *FED BOOSTING TAF LIQUIDITY AUCTIONS TO $150B EACH
[08:29] {Threei} FT REPORTS THAT THE PRICE OF FANNIE MAE AND FREDDIE MAC'S BONDS MAY DECLINE AT TODAY'S AUCTION TO SETTLE UP TO $500B OF CREDIT-DEFAULT SWAPS WRITTEN ON THE GSES
[08:29] {Threei} - The recovery value of the Fannie notes are expected to be 85%-90% and 87%-92% for Freddie's debt.
[08:29] {Threei} - The auction may lead to sellers of the CDS paying out $75B to settle the contracts.
[08:29] {Threei} ACCORDING TO A FT ARTICLE COORDINATED RATE CUTS BY CENTRAL BANKS ARE POSSIBLE; NOTES THAT AN EMERGENCY FED RATE CUT IS POSSIBLE, WHICH COULD BE IN COORDINATION WITH OTHER CENTRAL BANKS
[08:31] {Threei} APWR
[08:31] {Threei} RECEIVES CONTRACT FOR 50 2.7MW WIND TURBINES WITH CHINA NATIONAL AUTOMATION CONTROL SYSTEM CORP.
[08:33] {Threei} DNDN
[08:33] {Threei} INTERIM DATA FROM PHASE 3 PROVENGE IMPACT TRIAL DEMONSTRATE 22% REDUCTION IN THE RISK OF DEATH
[08:33] {Threei} - At the final analysis, which is anticipated in the middle of 2009, if the study demonstrates approximately a 22 percent reduction in the risk of death, based on 304 events, the company would expect the study to meet its primary endpoint of overall survival.
[08:36] {magoo} morning
[08:37] {Threei} Good morning
[08:41] {_xzap} Good morning Threei
[08:41] {Threei} morning xzap
[08:42] {_xzap} My fist day here and I look forward to watching how things go here :) Thank ya'll for having me !
[08:42] {Threei} welcome to the jungle
[08:49] {Threei} TREASURY DEPT : WORKING WITH MARKET PARTICIPANTS AND REGULATORS GLOBALLY
[08:49] {Threei} - Plans to move quickly on new authority granted by passing of TARP
[08:57] {Onix} Good morning all the brave people
[08:57] {Threei} onix :)
[08:58] {Threei} oil is under 90
[08:59] {patience} what was my bet with you if oil hit 80? I never took it seriously....sigh
[08:59] {patience} good morning rt
[09:00] {Threei} does it mean that I can claim any prize I want? :)
[09:00] {Threei} good morning patience
[09:00] {patience} hum de dum...let me think through this
[09:00] {patience} need coffee first :)
[09:01] {esemde} morning.......coffee with a hypodermic needle please
[09:01] {Threei} ese :)
[09:01] {Threei} my true forecast for myself is much lower than 80 actually... I just didn't want to be considered insane so stopped at 80
[09:01] {Threei} and btw it didn't help, I was considered insane anyway
[09:02] {Threei} DELL under 15
[09:02] {Threei} some sertious bargains start shaping up
[09:03] {Threei} RIMM under 60 - had tyou ever thought you'd see this?
[09:03] {esemde} nope!
[09:04] {Threei} NVDA solidly under 9
[09:04] {Threei} sheesh
[09:05] {esemde} thinkinga bout buying more.......
[09:05] {Threei} what's your cost basis now?
[09:05] {esemde} stupidity can only last for so long
[09:06] {esemde} 11.40
[09:06] {patience} cramer this morning: i'm not buying, because prices are going lower. I bought last thursday, 95% cash committed now.
[09:06] {Threei} hmmm
[09:06] {patience} will cash in gold short term trades this morning
[09:06] {Threei} his record in calling major market turns is dismall
[09:09] {_xzap} my gap down scanners are showing a lot of good stocks that have been cut by 50% or more
[09:09] {magoo} in july cramer put up article that we had seen the bottom
[09:09] {magoo} vad, whats your take on today?humor me..i know u wait and see..but hey...where u think we headed?
[09:09] {Threei} we are closer and closer to market turn
[09:10] {Threei} I would expect first serious ramp up sometime today
[09:10] {GeoArb} gm
[09:10] {Threei} not an ultimate turn most likely, but first attempts of it
[09:10] {Threei} Geo :)
[09:11] {Threei} ideally, we don't get rally atempts too early in the day,
[09:11] {Threei} those would be sold.
[09:11] {Threei} However, if we get this hopeless bleak relentless selling pressure for a few hours,
[09:11] {Threei} then I'd expect very strong rally in second half of the day.
[09:12] {Threei} On a broader time frame, when major rally starts,
[09:12] {patience} i'm guessing fed rate cut this week....must be the last one to say it though :)
[09:12] {Threei} I want to start switching out of scalp mode
[09:12] {Threei} because when that rally comes, serious money is to be made
[09:13] {Threei} WB forming C&H on 1 min
[09:14] {Threei} 6.11 resistance... as much as premarket charts can be trusted
[09:14] {magoo} vad, u/we had good read on friday reaction..\
[09:15] {Threei} let's try not to bee too early on initiating longs
[09:15] {Threei} stay patient, premature attempts will do nothing but harm
[09:16] {Threei} but when real reverse comes, you will be happy you kept your powder dry
[09:16] {magoo} vad, if we do get decent reversal, lets keep eye on usualsRIMM, AAPL
[09:16] {Threei} those, yes,
[09:16] {Threei} plus DELL, NVDA
[09:16] {Threei} maybe solars although this sector is not very clear
[09:17] {GeoArb} hey vad I updated to 5.3.332 and cant login anymore :( any ideas?
[09:17] {Threei} how long have you waited?
[09:17] {Threei} first login takes longer than usual after update
[09:17] {GeoArb} till it gives me the error dialog box
[09:17] {Threei} hmmm
[09:17] {GeoArb} saying password is case sensitive
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:18] {Threei} call dave Geo
[09:18] {Threei} oh btw, got e-mail from bruce
[09:18] {Threei} hello to everyone
[09:18] {Threei} and this observation:
[09:19] {Threei} If you had purchased $1,000 of shares in Delta Airlines one year ago, you
[09:19] {Threei} will have $49.00 today.
[09:19] {Threei} If you had purchased $1,000 of shares in AIG one year ago, you will have
[09:19] {Threei} $33.00 today.
[09:19] {Threei} If you had purchased $1,000 of shares in Lehman Brothers one year ago, you
[09:19] {Threei} will have $0.00 today.
[09:19] {Threei}
[09:19] {Threei} But, if you had purchased $1,000 worth of beer one year ago, drank all the
[09:19] {Threei} beer, then turned in the aluminum cans for recycling refund, you will have
[09:19] {Threei} received a $214.00.
[09:19] {Threei}
[09:19] {Threei} Based on the above, the best current investment plan is to drink heavily &
[09:19] {Threei} recycle. In the States it's called the 401-Keg.
[09:19] {magoo} sigh..took 2 cups coffee to realize my milk is spouiled
[09:19] {GeoArb} ewwww
[09:19] {peterg} morning all--feeling smart for the moment, in cash since summer
[09:20] {peterg} wont take long to feel stupid
[09:20] {dptl} good morning all
[09:21] {Threei} peter, dp :)
[09:22] {peterg} So as fear deepens, wish for miraculous rescue increases.
[09:23] {peterg} don't be the first on the hope train, because its the one going over the cliff
[09:23] {GeoArb} got voicemail left message
[09:25] {Threei} WB invalidate break
[09:25] {dino} ehpelumps and woozles day
[09:26] {Threei} again guys
[09:26] {Threei} stay patient
[09:26] {Threei} good trades to be had later on
[09:26] {dino} welcome xzap
[09:26] {Threei} but for now, let tyhe panic play out
[09:26] {dino} remember rule #1
[09:27] {peterg} yah?
[09:27] {dino} you must stay in the game
[09:27] {cosmo} if i'm gonna stay a patient, i'll need to switch providers...
[09:28] {peterg} lol
[09:28] {dino} find your edge, manage the risk, be consistant, and....keep it simple
[09:28] {Threei} and don;'t be a hero
[09:29] {peterg} you are speaking to the founder of mouse investments, where we snatch a bite and run away to playh another day
[09:29] {dino} that, imo, is a goos way to be today
[09:30] {cosmo} that beats 'catch a falling knife and save it for a rainny day
[09:30] {Threei} WB sharp drop
[09:30] {dino} good
[09:30] {Threei} look at DELL jump
[09:31] {Threei} some bargian hunting starts
[09:31] {GeoArb} I am in.... call tech supp they made me change port number for new build
[09:31] {dino} big gap down
[09:32] {Threei} VIX VOLATILITY MOVES TO 49.38, SURPASSING THE LEVEL OF 49.35 HIT POST-9/11/2001
[09:32] {Threei} Long Setup: DELL .21 if stays above .10
[09:32] {Threei} 1:1 easy
[09:33] {Threei} 1:3 for a multisecond, lol
[09:33] {GeoArb} all out
[09:34] {Threei} easy money, to warm up fingers
[09:34] {GeoArb} i think i was too excited i got in just in time :)
[09:34] {Threei} lol
[09:34] {peterg} +.06 tks
[09:34] {peterg} in late
[09:35] {Threei} don't chase them for now peter
[09:35] {GeoArb} enttry peter?
[09:35] {peterg} roger
[09:35] {peterg} .27
[09:35] {Threei} when we are in rally mode, entry errors are generally easily forgiven
[09:35] {Threei} in this volatility it can be very costly
[09:39] {Threei} CITI MAY CONSIDER BID FOR ENTIRETY OF WACHOVIA OPERATIONS - CNBC
[09:39] {Threei} {C WFC}
[09:43] {Threei} KFN sharp selloff
[09:44] {dino} rating cut
[09:45] {peterg} C
[09:46] {Threei} (EU) ITALIAN PM BERLUSCONI: EU LEADERS WILL DO WHATEVER IS NEEDED TO MAINTAIN FINANCIAL STABILITY, MEASURES DISCUSSED INCLUDED CENTRAL BANK LIQUIDITY INJECTIONS AND MEASURES FOCUSED ON INDIVIDUAL BANKS
[09:46] {Threei} - The EU is ready to support markets via central bank liquidity injections.
[09:46] {Threei} - EU member countries will take actions that ensure citizens do not lose any savings
[09:46] {cosmo} OSIP tests at 40
[09:46] {cosmo} fwiw
[09:48] {Threei} Long Setup: DELL half lot as close to 15 as possible, with stop under 14.80
[09:50] {Threei} if goes over 15.10, trail to 14.90
[09:50] {Onix} missed first round, now in @ .21 DELL
[09:51] {Threei} .21?
[09:51] {Onix} i mean 15.01
[09:51] {Threei} oh, OK
[09:51] {Threei} scared the bejezus out of me :)
[09:51] {Onix} :)
[09:51] {magoo} 03 here
[09:51] {Threei} takes too long... let's trail to under .90
[09:51] {Threei} don't like the resistance here, let's control risk tighter
[09:52] {Onix} ok
[09:54] {magoo} no mkt help
[09:54] {Threei} no, more selling hits
[09:54] {peterg} mouse left flat dell
[09:54] {GeoArb} ??
[09:54] {peterg} even
[09:54] {peterg} money
[09:55] {Threei} DNDN lost its mind
[09:55] {Threei} I smell broken trades
[09:55] {Threei} no worky DELL
[09:55] {magoo} out
[09:55] {Onix} stopped DELL
[09:56] {peterg} c pullback
[09:56] {peterg} maybe
[09:56] {magoo} 300 down here
[09:56] {Threei} Dow?
[09:57] {Threei} 320
[09:58] {Threei} 6 ;oints till 10K
[09:58] {Threei} points
[09:59] {_xzap} AAPL is finding sup around 92
[09:59] {magoo} careful
[09:59] {dino} lows held so far dji
[09:59] {dino} opps, cx that
[10:01] {dino} fwiw, watching ddm, qld, t, fcx
[10:04] {patience} tsx -601
[10:04] {Threei} *DJIA TRADES BELOW 10,000 FOR THE FIRST TIME SINCE OCT 2004
[10:05] {Threei} RMBS
[10:05] {Threei} REPORTEDLY THE SUPREME COURT WILL NOT HEAR THE SAMSUNG APPEAL IN PATENT FIGHT
[10:06] {Threei} TIVO
[10:06] {Threei} SUPREME COURT WILL NOT HEAR APPEAL IN DISH-ECHOSTAR CASE
[10:06] {dino} fslr sm v sm l .7.30
[10:07] {Threei} supreme court just doesn't want tyo hear anything these days, eh?
[10:07] {Threei} told ya:
[10:07] {Threei} BSX
[10:07] {Threei} REPORTEDLY THE SUPREME COURT WILL NOT HEAR APPEAL AGAINST JNJ IN STENT CASE
[10:08] {dino} therefore, i am not listening to them
[10:16] {Threei} selling isn't done yet
[10:18] {Threei} getting ready to start trying RIMM
[10:19] {dino} whoosh coming
[10:19] {magoo} 407 down
[10:19] {Threei} yes
[10:22] {Threei} OK first try RIMM, .75
[10:22] {Threei} with sop under .50
[10:22] {GeoArb} vad whats the symbol ofr s&p index in laser?
[10:22] {Threei} small shares
[10:23] {Threei} "/sp8z"
[10:23] {Threei} without "
[10:23] {GeoArb} the index not the future
[10:23] {Threei} 1:1 RIMM
[10:23] {GeoArb} beauty
[10:24] {Onix} ty Vad, got .44 in RIMM
[10:24] {dino} t l .48, stop lod
[10:24] {Threei} wtg onix
[10:25] {GeoArb} nice onix
[10:25] {GeoArb} .35 here
[10:25] {Onix} ty
[10:25] {dino} gj onix
[10:25] {patience} time to go for a run, tsx now down -845
[10:26] {Threei} whoa
[10:27] {GeoArb} tried $INX $SPX nope
[10:28] {dino} t stopped -.18
[10:30] {dino} -9% sincewed close
[10:30] {dino} sm qld l .80
[10:31] {peterg} beginning to understand revenge trading; going to quit while ahead
[10:31] {peterg} its when you are determined the stock will give back to you
[10:31] {peterg} no matter if it kills you
[10:31] {dino} it sucks pete
[10:31] {peterg} right
[10:33] {Threei} pukage all over
[10:33] {Threei} UAUA, bounce scalp should be close
[10:34] {Threei} 6.71 forst try if stays above 6.60
[10:34] {Threei} first
[10:34] {Threei} be ready for a few attempts on any of the bounces
[10:34] {Threei} if not, stay away
[10:35] {Threei} view it as catching babies thrown out with bathwater
[10:35] {GeoArb} heh
[10:35] {Threei} some of them are slippery
[10:36] {peterg} ill say
[10:36] {Threei} UAUA 1:1, scalpers take profit, the rest half out and try to ride it to 7
[10:38] {Threei} IRAQI OIL MINISTER: OPEC MEMBERS ARE WORRIED ABOUT THE RECENT DECLINES IN CRUDE PRICES
[10:38] {Threei} they weren't worried about rises, were they
[10:38] {GeoArb} they were
[10:38] {GeoArb} as people would slow down
[10:38] {Threei} then I feel for them
[10:38] {Threei} worry on the way up, worry on the way down
[10:38] {Threei} guys just can't catch a break
[10:39] {GeoArb} they dont want it to be too expensive
[10:39] {GeoArb} just enuff so that we pay forever
[10:39] {GeoArb} al out
[10:39] {Threei} 1:2 UAUA
[10:40] {Threei} easy money
[10:40] {Threei} and here is my 7
[10:40] {Threei} full out
[10:40] {GeoArb} beauty vad
[10:41] {Threei} now, find anyone who finds you easy money on a day like today
06[10:41] * Threei has dislocated his shoulder trying to pat himself on the back
[10:42] {GeoArb} lol
[10:42] {GeoArb} comeon guys
[10:42] {GeoArb} give him sonething !!!
[10:42] {dino} relentless
[10:42] {GeoArb} wooooo
[10:43] {peterg} waaaaaaaaaaaaay to go!!!!!!!!!!!!!!!!
[10:43] {Threei} ah what's the use
[10:43] {GeoArb} wow 540 points already and its one hour
[10:43] {Threei} the only thing I regret is not buying some QID and holding for a few hours
[10:43] {peterg} (Greedily) Find more!!
[10:43] {peterg} I tried to buy, and laser offered me choices how to configure screen
[10:43] {Threei} watching DELL
[10:43] {magoo} 600 DOWN
[10:44] {esemde} Dow dn 550....WOW!!!!!
[10:44] {esemde} major selloff vad just like you said
[10:44] {Threei} around the globe
[10:44] {dino} at 500+ pts/day, by end of month we'll be at zero
[10:44] {Threei} exchanges getting halteds
[10:45] {esemde} and DOW under 10 000
[10:45] {Threei} Russia, Brasil
[10:45] {esemde} wow!!!!!
[10:45] {Threei} this is historic stuff in the making guys
[10:45] {GeoArb} strapping on the depends right now.......
[10:45] {peterg} Short selling banned forever worldwide
[10:46] {GeoArb} and swearing
[10:46] {Threei} (BR) BOVESPA HALTED FOR SECOND TIME TODAY, OFF 15% TO 37,814
[10:47] {Threei} VIX 56
[10:47] {Threei} I've never seen it before
[10:47] {Threei} missed DELL bounce
[10:47] {GeoArb} now thats news vad as youre old as dirt
[10:48] {Threei} so we are what, 3 for 4?
[10:48] {Threei} me happy so far
06[10:49] * Threei slaps Chaeron around a bit with a large trout
[10:49] {Chaeron} good morning to you too
[10:49] {Threei} we are making money hand over fist here, where are you wandering?
[10:50] {Chaeron} taking care of son
[10:50] {Chaeron} oh well... it's not over is it?
[10:50] {dino} ice sm l .85
[10:51] {Threei} it is chaeron... it is all over...
[10:51] {GeoArb} sheesh
[10:51] {GeoArb} vads in a good mood
[10:51] {Threei} hehe
[10:51] {Chaeron} naaaaa... we still have 9800 points to go :)
[10:51] {Threei} oh
[10:51] {Threei} true
[10:51] {Threei} just not today please
[10:51] {Threei} I can't handle that much excitement in one day
[10:52] {Threei} as geo duly noted, I am getting too old for this
[10:52] {GeoArb} hehehe
[10:52] {GeoArb} i didnt say too old
[10:52] {GeoArb} just old as dirt
[10:52] {dino} ice stopped
[10:52] {Chaeron} yeah... I bet he's no spring chicken either
[10:52] {dino} sheesh
[10:52] {GeoArb} hey i might be the youngest one here
[10:53] {GeoArb} "might"
[10:53] {Chaeron} that's not saying much
[10:53] {GeoArb} lolol
[10:53] {Threei} US PRES SPOKESPERSON NOTES THAT THE TREASURY WILL ACT WITH RESCUE PLAN QUICKLY
[10:53] {Threei} - could take 4 weeks to begin auctions
[10:54] {Threei} game plan:
[10:54] {Threei} we have seen already some solid bottoms followed by bounces:
[10:54] {Threei} look at RMBS, DELL, RIMM, UAUA
[10:54] {Threei} now,
[10:55] {Threei} I don't want to chase any of them here,
[10:55] {Threei} let's wait for pullbacks,
[10:55] {Threei} and let's see if there are no new lows.
[10:55] {Threei} If not, rally will be stron and long enough to find our plays
[10:55] {GeoArb} man am i glad i called tech supprt and got in today
[10:56] {GeoArb} would have missed the money vad was throwing around
[10:56] {Threei} so, patience is still the key word
[10:56] {Threei} even though she went for a run
[10:57] {Threei} [10:25] {patience} time to go for a run, tsx now down -845
[11:02] {Threei} TSX was down 1100 points earlier
[11:05] {dino} rally
[11:06] {Threei} ARCA is out streetwide, make sure you use ISLD
[11:07] {Threei} RIMM long .21
[11:07] {Threei} stop under 55
[11:08] {Threei} half out 1:1
[11:08] {GeoArb} man i took a sip of coffee and missed it :(
[11:09] {Threei} target 56 for the balance
[11:10] {Threei} cloe enough for ya?
[11:11] {peterg} thks vad; made moneyh
[11:11] {Threei} hard not to
[11:12] {Threei} money's being thrown up in the air
[11:12] {GeoArb} even i made money... 200 shares as chased alittle
[11:12] {Threei} raise your hand and pick'em up
[11:12] {Threei} REPORTEDLY CITIGROUP HAS NO BUY WACHOVIA ASSETS WITHOUT SOME KIND OF GOVERNMENT GUARANTEE - UNCONFIRMED REPORT
[11:12] {Threei} {C}
[11:13] {Threei} general market read at this point:
[11:13] {Threei} leg down is coming
[11:14] {Threei} not likely to make new lows, alothough I wouldn't bet a farm on it
[11:14] {Threei} Long Setup: QID small shares .50 break
[11:14] {Threei} stop under .30
[11:17] {Threei} no worky
[11:17] {dino} out qld .40, +.60
[11:18] {Threei} Long Setup: DELL .81 if stays above .70
[11:22] {Threei} Attention: DELL 1:1 half out for me, scalpers know what to do
[11:23] {GeoArb} way to go with the alerts vad
[11:23] {peterg} thks
[11:24] {Threei} what do we have, 5 for 7?
[11:24] {Threei} who is running the tally
[11:24] {GeoArb} y
[11:25] {Threei} stop for DELL balance is under .80 of course
[11:25] {GeoArb} Pall out
[11:25] {Threei} DELL 1:2 is coming
[11:26] {GeoArb} .18 thanks vad
[11:26] {Threei} welcome sir
[11:26] {Threei} Long Setup: UAUA 7.01 if stays above 6.90
[11:26] {Threei} 1:1 is here on DELL
[11:27] {Chaeron} in DELL 14.82 out at 15.00 +.18... thanks Vad
[11:28] {Threei} welcome :)
[11:28] {Threei} isn't it funny that the only atttempt of short did not work today
[11:29] {GeoArb} we are patriotic
[11:29] {Threei} well, admittedly I was too hesitant in the early morning
[11:30] {Threei} but heck, we are nicely in the money while whole world is hurting like hell
[11:31] {Threei} REP FRANK: PLANS TO ASK THE FED TO REGULATE THE ACTIVITIES OF HEDGE FUNDS
[11:31] {Threei} what the...
[11:32] {peterg} lot of resistance at 7 uaua
[11:32] {Threei} yup
[11:32] {Threei} no aggressive entries
[11:32] {Threei} doesn't retreat much with NQ
[11:32] {GeoArb} waat?
[11:34] {Threei} not interested in DELL on this pullback for now
[11:35] {_xzap} MNST
[11:36] {Threei} market fairly unclear here, easy trades are done for now
[11:36] {Threei} let's wait it out a little,
[11:36] {Threei} see what's next in the store
[11:37] {Threei} MNST looks tempting... just k,ind of hard to bring oneself to buy breakouts today
[11:37] {dino} jst sm l .82 wide
[11:38] {Threei} UAUA invalidated for now
[11:41] {Threei} getting tempted to short NVDA on .80 breakdown
[11:42] {Threei} .91 stop
[11:42] {Threei} just a scalp
[11:42] {Threei} DNDN is crazy
[11:43] {esemde} Does anyone have a good idea re the percent of a float thats short will cntribute to a major short squeeze
[11:43] {esemde} for any stock......5% 9% 10% ???
[11:43] {Threei} you mean where to find it?
[11:43] {Threei} oh... nah, there is no guideline
[11:43] {esemde} no.......just % of float short
[11:44] {esemde} NVDA is 9.84% short one of the biggest ones....if it ever turns around it will be big
[11:45] {esemde} how do you keep kicking the crap out of a company that basically has no debt.....and billions in cash hanging around for R&D
[11:45] {Threei} doesn't matter ese... it just goes with market at this point
[11:46] {esemde} true
[11:46] {esemde} or should i say indeed
[11:46] {Threei} indeed you should
[11:47] {dino} fed started paying interest on reserves it holds from others today. the printing presses are wide open
[11:47] {Threei} let's trail NVDA stop to .86
[11:47] {Threei} want to keep risk tighter than usual today
[11:49] {Threei} 1:1 is coming
[11:49] {Threei} make up your mind, scalp or partial
[11:49] {Threei} here is 1:1 NVDA
[11:50] {Threei} if taking half, trail stop to .81
[11:50] {Threei} for the balance that is
[11:50] {Threei} and we are 8 for 10
[11:50] {Threei} or 7 for 9?
[11:51] {Chaeron} whatever... let's go for 18:20
[11:51] {Threei} who is running the books??
[11:53] {Threei} PRESIDENT BUSH: IT WILL TAKE SOME TIME TO FREE UP CREDIT UNDER THE FINANCIAL RESCUE PLAN, THE PLAN WAS A BIG STEP FOR ADDRESSING THE PROBLEM
[11:54] {Threei} really?
[11:54] {GeoArb} made some stupid maistakes but all was forgiven with vad's odds
[11:54] {Threei} weren't we told that was urgent measure, do it NOW to stop the bleeding?
[11:54] {GeoArb} on another note I have become a hotkey stud
[11:54] {GeoArb} any newer newbie needs advice page me
[11:54] {_xzap} Vad } In today's mkt, how many shares are you buying ?
[11:55] {dino} yes 3i, and we were also told it was the evil shorts
[11:55] {esemde} geo baby!!!!!hot key stud
[11:55] {GeoArb} hehehe
[11:55] {GeoArb} key is superflous
[11:55] {peterg} keep talking geo, im listening, or dcc?
[11:55] {Threei} xzap, I usually posat "half lot" or small shares"... if there is no comment it's usual lot
[11:56] {GeoArb} nah dcc as dont want to clutter too much
[11:56] {_xzap} ok, thx
[11:56] {Threei} what lot constitutes for each trader depends on one's risk tolerance and account size
[11:56] {Threei} my usual is 1000
[11:56] {_xzap} Thanks Vad
[11:56] {Threei} sure
[11:57] {Threei} now Mr Evans makes me think,,, give me his salary and bonuses, I can do better:
[11:57] {Threei} FED'S EVANS: FED MUST ALWAYS REEVALUATE POLICY WITH TWIN MANDATES, SEEING RISKS OF PERSISTENT HIGH INFLATION
[11:57] {Threei} - Notes that the repricing of debt will affect a large range of financial institutions, slack in economy stronger than expected
[11:57] {Threei} - Remarks that continued weakness in housing is large 'drag' upon economy
[11:57] {Threei} - US Economy will be slow to 2009, very uncertain when recovery will come
[11:57] {Threei} slack in economy stronger than expected?
[11:57] {Threei} by whome?
[11:58] {Threei} sigh
[11:58] {Threei} useless talking heads
[11:58] {Threei} anyone is still holding NVDA short or I can stop watching it?
[11:59] {_xzap} MNST trying to break the .70
[11:59] {Threei} it's 10 cents from there xzap
[11:59] {Threei} you sure your quotes are right?
[12:00] {_xzap} yes, I was late on the k'board
[12:00] {Threei} .59 . .61 right now
[12:00] {Threei} ah OK
[12:01] {Threei} TREASURY'S RYAN: LIQUIDITY PROBLEMS ARE AT THE HEART OF THE CURRENT CRISIS, CONFIDENT THE US WILL EMERGE FROM THE CRISIS WITH STRONGER MARKETS
[12:01] {Threei} {XLF}
[12:01] {_xzap} ABFS
[12:01] {Threei} of course it will if you all get out of the way and stop trying to fix unfixable
[12:06] {dino} indeed
[12:09] {Threei} WB HALTED, NEWS PENDING
[12:11] {_xzap} NVDA setting up for long ?
[12:11] {Threei} I'd stay away for now
[12:12] {Threei} no clean setup, and it looks more like random movements at this point
[12:12] {_xzap} k
[12:12] {Threei} you saw all our trades up to this moment
[12:12] {_xzap} yep
[12:12] {Threei} only cleanest of setups,
[12:12] {Threei} lowest risk possible
[12:13] {Threei} not gicving any slack today
[12:13] {_xzap} yes, I see that.. this is a tough mkt
[12:14] {Threei} not necessary tough if you stay very disciplined and patient,
[12:14] {Threei} but it's unforgiving,
[12:14] {Threei} and with emotions running that hihg, price of mistake can be high
[12:14] {_xzap} I'm thinking maybe we need this selloff to shake things out and start to build a base
[12:14] {Threei} I agre
[12:14] {Threei} or agree
[12:14] {Threei} or both
[12:15] {Threei} as I said in the morning,
[12:15] {Threei} I believe we are in the process of form the bottom for a big rally
[12:15] {Threei} and this selloff is part of this process
[12:16] {Threei} and when I say big rally, I don't mean intraday one
[12:16] {Threei} I mean real one
[12:16] {Threei} full blow bull market
[12:16] {Threei} blown
[12:16] {Threei} just stay patient and keep powder dry
[12:17] {_xzap} can you believe DRYS @ 24
[12:17] {Threei} there will be plenty of fish to shoot when it comes
[12:17] {Threei} oh there are a lot of prices hard to believe
[12:17] {Threei} many of them are babies thrown out with bathwater
[12:18] {_xzap} here comes The Decider
[12:18] {Threei} uh oh
[12:18] {Threei} Bush on TV
[12:18] {hawkfan4} gird your loins
[12:19] {Threei} lol
[12:19] {GeoArb} cant
[12:19] {GeoArb} the depends keep getting in the way
[12:20] {Threei} REPORTEDLY WELLS FARGO STILL WANTS TO ACQUIRE ALL OF WACHOVIA'S OPERATIONS
[12:20] {hawkfan4} lol
[12:20] {GeoArb} ok guys off to work good day 3i
[12:21] {GeoArb} bye
[12:21] {Threei} take care geo
[12:22] {dino} later geo
[12:23] {Threei} PERSING'S ACKMAN: NOTES HE IS AMONG AIG'S TOP 12 INVESTORS
[12:23] {Threei} how is it of any significance?
[12:24] {dino} and is he smart, buying now, or dumb buying 40 pts ago
[12:24] {Threei} lol
[12:27] {Threei} market flatlined
[12:29] {Threei} PERSHING'S ACKMAN: MADE A SMALL INVESTMENT IN AIG RECENTLY, NOW AMONG AIG'S TOP 12 HOLDERS - CONF COMMENTS
[12:29] {Threei} - AIG has very attractive assets.
[12:29] {Threei} - On a pro forma basis, Wachovia is worth $7.29-19.59 a share.{WB}
[12:29] {Threei} huh?
[12:29] {Threei} lol
[12:30] {Threei} oil under 90 again
[12:31] {Threei} "this sucker is going down"
[12:34] {dino} so when oil drops does govt complain about speculators
[12:34] {dino} :)
[12:35] {_xzap} short ABFS ?
[12:37] {Threei} with stop above .65, maybe
[12:38] {_xzap} possibly
[12:38] {Threei} into this bounce
[12:38] {Threei} on a first sign of weakness
[12:39] {Threei} market is downticking
[12:39] {Threei} and keep it small, stock is volatile
[12:39] {Threei} oh boy
[12:40] {Threei} Lehman CEO says:
[12:40] {Threei} nobody including me expected the problem with mmortgages
[12:40] {Threei} huh??
[12:40] {_xzap} Somebody will go to prison over this mess
[12:41] {Threei} I hope
[12:42] {magoo} vad, rimm is cominhg up error code on short attempt now
[12:42] {dino} a bunch of them should. no different than enron, wcom etc
[12:42] {dino} tyco
[12:42] {Chaeron} and govt officials? :)
[12:42] {magoo} not avail??
[12:42] {dino} lied about nont needing funds, etc, then wiped you out
[12:42] {Threei} wow
[12:43] {Threei} did they add RIMM to the ban list?
[12:43] {dino} barney frank should go to jail, fre, fnm will do anything i tell them
[12:43] {Chaeron} #&$#@
[12:43] {magoo} dunno..but can sh aapl..dso not my system
[12:43] {Threei} TREASURY'S RYAN: GOVT IS EXAMINING ISSUES SURROUNDING LOANS AND MORTGAGES, LOOKING AT A VARIETY OF APPROACHES TO MAKING TARP WORK
[12:43] {Threei} - Wants to get TARP up and running as soon as possible.
[12:43] {esemde} see ya tomorow.....
[12:44] {Threei} let me get this straight... they railroaded TARP through the house, now they are looking into ways to make it work?
[12:44] {Threei} take care ese
[12:44] {Chaeron} bye ese
[12:44] {dino} cya es
[12:45] {_xzap} watching ABFS to break below .40
[12:46] {Threei} VVUS
[12:46] {Threei} ANNOUNCES THE WEIGHT LOSS EFFECTS OF QNEXA IN TYPE 2 DIABETES
[12:48] {Threei} LEH CEO is getting drilled on salary, bnuses and stock sales
[12:49] {Threei} guy took hope 480 mil since 2007
[12:49] {Threei} home
[12:49] {_xzap} he looks like he needs water bad Vad
[12:49] {_xzap} or oxygen
[12:49] {Threei} I'd say what he needs in my opinion
[12:50] {Threei} but this is family oriented room
[12:50] {_xzap} lol
[12:52] {Threei} guys defense:
[12:52] {Threei} numbers are no accurate, it's rather like over 300 mil
[12:54] {Threei} oh boy... are you guys watching this?
[12:55] {dino} un be liev able
[12:55] {_xzap} he seems to be somewhat sedated
[12:55] {dino} better watch for snipers
[12:55] {Threei} I feel like I am in the land that lies beyond the looking glass
[12:56] {_xzap} MNST rolling over
[12:56] {Threei} yeah, this is not a market for buying breakouts
[13:00] {_xzap} short EXPD ?
[13:01] {Threei} near 31, yeah
[13:01] {Threei} stop is above 31.10 - .15
[13:03] {Threei} REPORTEDLY TREASURY SEC PAULSON IS TALKING WITH FED CHAIRMAN BERNANKE AND FED'S GEITHNER TODAY, "WORKING THE PHONE" TO SPEAK WITH MARKET PARTICIPANTS - UNCONFIRMED REPORT
[13:03] {Threei} just what do they talk about with "market participants"
[13:03] {patience} how much more do you need?
[13:04] {dptl} lol
[13:04] {Threei} why don't they call me then... I have exact number is mind
[13:04] {patience} don't make it millions then, they won't help, you have to ask for billions
[13:04] {Threei} yup
[13:06] {_xzap} this is crazy. Normal technical trading techniques are out the window
[13:08] {dino} cmt channel interesting today
[13:10] {dino} xzap, yes, for about a month
[13:11] {Threei} FED'S FISHER: NOW IS NOT THE TIME TO PANIC WITH REGARDS TO FINANCIAL MARKETS
[13:11] {Threei} I think we can rely on Fisher to tell us when it's time to panic?
[13:11] {Chaeron} he's right... we should have panicked months ago
[13:12] {dino} well, translated he means you should have panic sold at end of aug.
[13:12] {GeoArb} :)
[13:12] {dino} lol chaer
[13:12] {GeoArb} well i did move my 401k to treasures a few months ago
[13:12] {GeoArb} dunno if it was smart
[13:12] {GeoArb} more kneejerk
[13:13] {_xzap} Dino } My charts look like a bad EKG
[13:13] {dino} lol
[13:13] {Threei} means they work well
[13:13] {Threei} 'cause that's exaclty what we have in the markets these days
[13:14] {_xzap} I can usual trade on an EMA cross but that won't work now
[13:14] {Threei} if you see good EKG, your charts are off
[13:14] {GeoArb} i wonder if short ban expiration will affect market
[13:14] {Threei} yes
[13:14] {_xzap} my trend lines look like a 5 year old with a crayon
[13:16] {_xzap} ZION setting up for short ?
[13:16] {Threei} I don't think you can short it
[13:16] {Threei} financial
[13:16] {_xzap} true, I forgot
[13:20] {Threei} amazing, all activity has died
[13:21] {patience} options are moving
[13:21] {Threei} which way?
[13:21] {patience} i'm scalping POT april 100 calls, they have been moving up
[13:21] {patience} could reverse easily
[13:21] {GeoArb} what platform for options patience
[13:22] {GeoArb} ?
[13:22] {patience} i just used my general trading account through td
[13:22] {GeoArb} ok
[13:22] {GeoArb} TY
[13:22] {Threei} doesn't Laser offer options geo?
[13:22] {GeoArb} i think it does
[13:22] {_xzap} DRYS possible short set up
[13:22] {GeoArb} i dont think i have quotes
[13:23] {Threei} I remember something a while ago about implemenmting them
[13:23] {Threei} oh, you need to apply for it separately
[13:23] {Threei} not on by default
[13:23] {Threei} PERU STOCK EXCHANGE HALTED TEMPORARILY AFTER DECLINING 7.5%
[13:25] {Threei} CSIQ
[13:25] {Threei} SIGNS 2009 SALES CONTRACT
[13:25] {Threei} wow
[13:25] {Threei} some spike
[13:26] {Threei} SIGNS 2009 SALES CONTRACT FOR 28MW, OPTIONS FOR ANOTHER 20MW, PRICES FIXED FOR NEXT MONTHS
[13:26] {GeoArb} just got off the phone with dave.... he alled back
[13:27] {GeoArb} heisnt trading today.... got stuff to care
[13:27] {Threei} gosh... CSIQ is so cheap
[13:28] {_xzap} look how fast the vol fell off on CSIQ
[13:28] {GeoArb} hmmm thats what my wife says about me
[13:28] {Threei} yeah, just some dummies pushing market order buttons into thin stock
[13:29] {magoo} vad is RIMM avail short for u?try it way ouit there
[13:29] {Threei} no mags, I tried when you asked first trime
[13:29] {magoo} ok ty
[13:29] {Threei} same error code as for list of short ban
[13:29] {dino} lol
[13:29] {Threei} I guess they applied to SEC to be included
[13:30] {GeoArb} i got a mesage
[13:30] {GeoArb} no error code
[13:30] {GeoArb} "cannot short per sec"
[13:30] {Threei} same thing
[13:30] {GeoArb} they have a newer new version
[13:30] {GeoArb} 5.3.332
[13:30] {Threei} yeah
[13:31] {Threei} any changes but this?
[13:31] {GeoArb} maybe decided to have friendly error messages unlike MSFT
[13:31] {GeoArb} some ISLD routing fixes
[13:31] {Threei} what are those corrections in server?
[13:31] {GeoArb} sorry
[13:31] {GeoArb} ARCA
[13:31] {GeoArb} 1. Fix ARCA routing strategy once PO+ selected.
[13:31] {GeoArb} 2. Use updated SymbolInfo.txt (4/24/2008)
[13:31] {GeoArb} 3. Add ten lines for internet quote servers.
[13:32] {Threei} no, I mean to log in
[13:32] {Threei} what do you need to change?
[13:32] {GeoArb} dave said when i installed new version it reset my port to default
[13:32] {GeoArb} as i need to user bear port they gave it to me and then it worked
[13:33] {magoo} i haven't downloaded it yet..u vad?
[13:33] {_xzap} still watching DRYS for short
[13:33] {Threei} no
[13:33] {Threei} don't want to get stuck
[13:33] {GeoArb} they want us to use 15905 as port
[13:33] {Threei} and geo won't share
[13:33] {GeoArb} i just did
[13:33] {Threei} oh he did
[13:34] {Threei} lol
[13:34] {GeoArb} i was checking
[13:34] {Threei} it's executor server only, right?
[13:34] {Threei} the rest stays as it is
[13:35] {GeoArb} yes
[13:35] {GeoArb} ill email ya a snapshot
[13:35] {Threei} OK... no trades anyway rifght now, I can try mags
[13:35] {Threei} will tell you if it goes smoothly
[13:35] {magoo} ok
[13:35] {magoo} ill wait
[13:35] {magoo} im computer illitterate
[13:36] {GeoArb} sent vad
[13:37] {Threei} installing
[13:38] {magoo} looking for my dow 9000 hat
[13:38] {GeoArb} really magoo?
[13:38] {magoo} yeah..been so long cant find it
[13:39] {Threei} opened with no problem mags
[13:39] {magoo} did u have to dock in port 188905?
[13:39] {Threei} just click Server setup before trying tolog in
[13:39] {magoo} or wshatever?
[13:39] {Threei} and change executor server to 15905
[13:40] {_xzap} Woo ! +1 point on DRYS short
[13:41] {Chaeron} nice one xzap
[13:41] {Threei} wtg
[13:42] {Chaeron} (don't know why I have a desire to nickname you "Zap Brannigan" hmmm doubt anyone here would get reference
[13:42] {_xzap} lol
[13:43] {_xzap} man, a stock makes a little run in one direction and turns right around and runs in the other direction
[13:45] {Threei} break of 24 begs to be shorted again
[13:46] {_xzap} I'm afraid to go back in
[13:47] {GeoArb} you in vad
[13:48] {Threei} not here
[13:48] {Threei} missed original entry as typed
[13:48] {GeoArb} yeah me too
[13:48] {Threei} not want to see support giving in
[13:48] {Threei} not = now
[13:49] {Threei} .79 would be breakdown
[13:49] {Threei} small shares, stop around 24.10
[13:54] {Threei} why is WB happy again?
[13:54] {Threei} I see no new news
[13:55] {Threei} TICKS HIGHER AS PERSHING'S ACKMAN APPEARS ON CNBC, REITERATES HE SEES WB SHARES WORTH AROUND $8/SHR AT A MINIMUM
[13:55] {Threei} sigh
[13:55] {Threei} come on people
[13:56] {Threei} guy takes large stake, goes on TV and says it costs more
[13:56] {Threei} and they jump to buy?
[13:56] {dino} fcx sm wide l .20
[13:57] {Threei} Nato commanders to draw up plans to defend ex-Soviet bloc members from Russia
[13:57] {GeoArb} so is anyone going to jail?
[13:57] {GeoArb} One Lehman document among thousands reviewed by the House committee showed that four days before the bank filed for bankruptcy protection, Lehman’s compensation committee was asked to grant $20 million in “special payments” for three executives who were leaving, Mr. Waxman said. An e-mail exchange recommending a delay in bonus payments was apparently brushed aside.
[13:59] {Threei} so bonuses were granted?
[13:59] {GeoArb} Another document showed that executives were warned in a January 2008 meeting that the company was facing liquidity problems. Yet the firm moved forward with capital outlays, including $5 billion in bonuses, $4 billion in shares and $750,000 in dividend payments between 2007 and the firm’s bankruptcy filing on Sept. 15.
[13:59] {GeoArb} i thought bankruptcy had bonus clawback provisions no?
[14:04] {Threei} what if they already spend it?
[14:04] {Threei} transfered out of country
[14:04] {Threei} numbered offshore accounts
[14:04] {GeoArb} whatever happenned to the risk part of reward?
[14:04] {Threei} that's for us
[14:04] {Threei} for them it's pure reward
[14:04] {Threei} you heard Leh Ceo
[14:05] {dino} stopped fcx
[14:05] {GeoArb} i have come to the conclusion that capitalism something sold to the masses...
[14:05] {GeoArb} its chummy socialism on top
[14:05] {Threei} "company did well, we did well..y didn't do well, neiether did we"
[14:05] {Threei} congressman: huh?
[14:05] {Threei} seems you did well no matter what
[14:06] {GeoArb} well his wife IS selling all their art
[14:06] {Threei} I am crying
[14:06] {GeoArb} hehehe
[14:07] {GeoArb} "i cannot recall" answers flying
[14:09] {Threei} chart looks like another breakdown is coming
[14:09] {_xzap} watching to short CSIQ
[14:10] {Threei} break of 13
[14:10] {Threei} just keep size reasonable, very thin one
[14:10] {GeoArb} ahh the ones given 20 mill were actually fired
[14:11] {_xzap} I'd like to see 12.50 on CSIQ
[14:11] {_xzap} 12.59 I mean
[14:12] {Threei} oh, that's why bounuses were so small geo?
[14:12] {GeoArb} yup
[14:12] {Threei} got it
[14:12] {_xzap} why did they name a company located in China Canadian Solar
[14:13] {Threei} it's a canadian company
[14:13] {_xzap} that makes sense
[14:13] {Threei} production is in China but whose isn't
[14:13] {_xzap} doesn't China own most of the US now
[14:14] {_xzap} PLCM breaking down
[14:14] {GeoArb} i tuened it off... got sickened
[14:18] {_xzap} MNST trying to break down
[14:21] {dptl} what a crazy day
[14:21] {Threei} ugh
[14:21] {GeoArb} you wanna bet today is the day the keating ads will com out?
[14:21] {Threei} looked at DELL to short
[14:21] {Threei} and disdn't find guts
[14:22] {_xzap} Vad, it would be cool if you had a sound alert on here when you made an entry
[14:22] {GeoArb} csiq broke
[14:22] {Threei} you can set it in your mirc on my name
[14:22] {_xzap} oh, thanks
[14:22] {dptl} where is tsx now anybody??
[14:22] {GeoArb} files options irc highlight
[14:22] {Threei} HEARING REPORTEDLY SET FOR 2PM TOMMOROW ON CITIGROUP AND WFC DISPUTE OVER WB ACQUISITION
[14:22] {Threei} - Note Bair remarked that she expected a solution with regards to the disupute today{C WB}
[14:23] {dptl} pations......tsx?
[14:23] {dptl} pationce sorry
[14:23] {Threei} try again
[14:23] {dptl} damn...patience
[14:23] {Threei} third time should it
[14:23] {Threei} there :)
[14:24] {dptl} lol
[14:25] {_xzap} I'm right clicking your name Vad but son't see an audio alert option
[14:26] {GeoArb} {GeoArb} files options irc highlight
[14:26] {Threei} geo tells you how to do it xzap
[14:26] {dptl} -951 tsx
[14:27] {GeoArb} put threei and enable sound
[14:27] {GeoArb} wow
[14:27] {magoo} cant short goog now vad
[14:27] {GeoArb} really?
[14:28] {GeoArb} heheheh maybe the new version screwed it up
[14:28] {_xzap} thx Geo, I think I got it
[14:30] {dptl} almost -1000 tsx
[14:30] {_xzap} PLCM below S1 now
[14:30] {GeoArb} S1?
[14:30] {_xzap} Support 1
[14:32] {GeoArb} GOOG isnt on the shortlist as of 9:16
[14:32] {GeoArb} http://www.gndt.com/support/shortlist.htm
[14:33] {GeoArb} maybe they just ran out of locates
[14:33] {GeoArb} fellow swingers used em up
[14:33] {GeoArb} ok that didnt come out right
[14:33] {Threei} lol
[14:33] {patience} i was wondering
[14:34] {GeoArb} beacuse i think the way it works is brokerages have short inventory beofre open.... and it just might have been used up
[14:35] {patience} tsx down -925 oh my my
[14:35] {dptl} crazy
[14:35] {GeoArb} dino dcc pls
[14:35] {Threei} interesting thing is, it still doesn't feel like capitulation
[14:36] {patience} well mom just phoned, she is cashing in more investments.....can't be that far away
[14:37] {Threei} oil 89?
[14:38] {dptl} 88.27
[14:38] {GeoArb} its 88
[14:39] {GeoArb} sorry dptl
[14:39] {dptl} goes fast:)
[14:40] {Threei} good
[14:40] {patience} qid, sds, skf and especially fxp have done well
[14:40] {Threei} (well, I had to find something good in what happens in markets today, no?)
[14:40] {patience} not that i traded them
[14:40] {GeoArb} i thought therer was one nyse high
[14:41] {dptl} really happy about oil.....might even go and wash my car :)
[14:41] {_xzap} PLCM near day's low
[14:42] {GeoArb} finally take it for a spin?
[14:42] {dptl} lol
[14:44] {Threei} anyone bets on Dow closing green?
[14:44] {GeoArb} which side you on vaD?
06[14:44] * Threei crawls under the nearest rock
[14:44] {Threei} I am against
[14:44] {Threei} just thought maybe someone had some beer to lose on a bet
02[14:45] * Disconnected
02[15:16] * Attempting to rejoin channel #discussions

[15:17] {dptl} whoooho tsx-1000
[15:17] {dino} -800
[15:17] {dino} dji
[15:17] {GeoArb} i made money today
[15:17] {GeoArb} but am not happy for some reason
[15:17] {GeoArb} atleast i was long hehehe
[15:17] {_xzap} my T&S looks like it's in slow motion
[15:17] {patience} vad just phoned me
[15:17] {patience} all of his internet has died
[15:17] {patience} ok, is anybody still here?
[15:17] {_xzap} yep
[15:17] {dptl} yep
[15:17] {dino} y
[15:17] {dino} tell vad he has to pay the bill
[15:17] {_xzap} JRCC setting up for a long
[15:17] {_xzap} will the dow close down -1000
[15:17] {peterg} hr to go;
[15:17] {GeoArb} hey peterg
[15:17] {GeoArb} dcc
[15:17] {patience} interesting link on circuit breakers http://www.nyse.com/press/circuit_breakers.html
[15:17] {dptl} vrsn???
[15:17] {_xzap} I don't see any news on VRSN
[15:17] {peterg} geo dcc'd
[15:17] {_xzap} This was my 1st day here, just wnated to thank ya'll for letting me hang out
[15:17] {patience} interesting times xzp
[15:17] {dino} yeah, not one of my better days
[15:17] {_greens} c
[15:17] {_xzap} I have a system that works pretty well but not right now
[15:17] {dino} in any case, i won't be in rest of week, golf vaca
[15:17] {patience} what is volume like today?
[15:17] {patience} no laptop on the golf course dino?
[15:17] {_xzap} i can't find vol in anything
[15:17] {_xzap} dptl } Still watching VRSN ?
[15:17] {dptl} above averege on qqqq...patience
[15:17] {dino} no patience, i have refused to bring work on vacations. like to clear my head
[15:17] {dptl} amm..no vrsn...was playing rmbs
[15:17] {_xzap} VRSN is acting weird
[15:18] {Threei} am I back?
[15:18] {_xzap} yep
[15:18] {Threei} wow
[15:18] {patience} nice last hour recovery in progress
[15:18] {dptl} hey Vad
[15:18] {dino} yes abot 300 pts
[15:19] {Threei} sh*t
[15:19] {Threei} missed everything
[15:19] {Threei} good 50 cents on DELL
[15:19] {GeoArb} you missed?
[15:19] {GeoArb} no no
[15:19] {GeoArb} we missed vad
[15:20] {Chaeron} going for green..........
[15:20] {_xzap} no news on VRSN, up almost 2 points
[15:21] {Threei} can't believe it... reversal I was for whole day, and darn internet goes doqwn
[15:21] {Threei} was waiting for
[15:21] {GeoArb} tch tch
[15:21] {GeoArb} i trade on 30 buck dsl
[15:22] {GeoArb} and wireless on 30 buck cable
[15:22] {GeoArb} leanred that when i used to trade futures with stops local
[15:22] {_xzap} all my gap downs from this am have turned around
[15:23] {GeoArb} vad doesnt even have the connectivity for a trout lol
[15:23] {Threei} lol
[15:23] {Threei} all green lights on modem and router, no connection
[15:23] {Threei} something got cut off at ISP
[15:24] {Threei} well, we did great today anyway
[15:24] {Threei} just a shame that this reversal slipped through fingers
[15:24] {GeoArb} you need a hotbrick vad
[15:24] {Threei} frikin 50 points NQ
[15:24] {Threei} I know, a lot of investors would say "cry me a river"
[15:24] {Threei} but still
[15:24] {GeoArb} takes cable and dsl at back and flips if one fails
[15:25] {_xzap} Look at SPWRA
[15:25] {Threei} everything I was hunting for:
[15:25] {Threei} DELL 50 cents
[15:25] {Threei} RIMM 4 bucks
[15:26] {Threei} NVDA 40 cents
[15:26] {GeoArb} ehehehe
[15:26] {GeoArb} vad sounds anguished
06[15:26] * Threei slaps GeoArb around a bit with a large trout
[15:26] {Threei} you asked for it :)
[15:26] {GeoArb} we killed anyway vad
[15:26] {dino} out fslr 150.30, +3.00 all day sheesh
[15:26] {GeoArb} coe dino deserves one
[15:26] {Threei} yeah, no reason to complain, except one:
[15:26] {GeoArb} look at his timing
[15:26] {Chaeron} nice dino
[15:26] {_xzap} AAPL running
[15:26] {Threei} when this rally develops, I am not going to stay with scalps
[15:27] {GeoArb} true true
[15:27] {Threei} this is going to be a reversal for big moneyu
[15:27] {Chaeron} did we see the MOABs today?
[15:27] {dino} ty chaer
[15:27] {GeoArb} yeah i even made dave increase my share per ticket
[15:27] {Threei} and I didn't intend to miss first leg of it to say honestly :)
[15:27] {Threei} beautiful trade dino
[15:28] {Threei} I am not sure yet chaeron
[15:28] {Threei} by the charts configuration, very possibly,
[15:28] {Threei} but today's selling didn't have this feel of ultimate climax
[15:28] {Threei} organized liquidation rather than sheer panic
[15:29] {dino} lucky vad, but thx
[15:29] {Threei} yeah yeah, we know :)
[15:29] {GeoArb} dino i have a quote for you
[15:29] {dino} ?
[15:29] {dino} better lucky than good
[15:29] {patience} i've put some stink bids in, figure the public hasn't participated rush to safety
[15:29] {GeoArb} seneca the yonger: lunck happens when preparation meets oppurtunity
[15:29] {GeoArb} http://en.wikipedia.org/wiki/Seneca_the_Younger
[15:30] {dptl} rmbs..baby...+.06 +.13
[15:30] {dino} ah yes, i've heard that
[15:30] {GeoArb} :)
[15:30] {dino} i kind of think we create a bit of our own luck
[15:31] {Threei} in trading we certainly do
[15:31] {GeoArb} in ancient sanskrit.....
[15:31] {GeoArb} the deer doent walk into the sleeping lions mouth on its own
[15:31] {GeoArb} ok looks like i made too much money
[15:32] {Threei} Russia is down 21%??
[15:32] {Threei} mama
[15:32] {dino} ouch
[15:32] {dptl} oh maan
[15:33] {dptl} they were open??
[15:33] {Threei} they halted twice
[15:33] {GeoArb} oil +1.67
[15:33] {dptl} hoping i guess
[15:33] {Threei} GE
[15:33] {Threei} pullback is interesting here for bounce
[15:35] {Threei} closer to 21 hopefully
[15:35] {Threei} and with market resumption to the upside
[15:36] {Threei} watch from here
[15:37] {Threei} in .92
[15:37] {Threei} stop .85
[15:38] {Threei} can take a few tries as all these pullbacks
[15:40] {Threei} out
[15:41] {_xzap} I get stopped out on the bid, not the last. Does this happen to anyone else ?
[15:41] {GeoArb} what platform?
[15:41] {_xzap} Scott Trade elite
[15:41] {Threei} sheesh
[15:42] {Threei} jumped right back up
[15:42] {GeoArb} :(
[15:42] {dptl} to close to eod...to crazy
[15:42] {GeoArb} one internet crash and vad lost mojo
[15:42] {GeoArb} lol
[15:42] {Threei} lol
[15:42] {Threei} come on... sacrifice 7 cents for common good
[15:43] {Threei} these pullbacks are always: dop not play if not ready for a few attempts
[15:43] {Chaeron} we in again?
[15:43] {Chaeron} *sigh*
[15:43] {GeoArb} look at this
[15:43] {GeoArb} sheesh
[15:43] {dino} out jst .47 ave +.65
[15:43] {Chaeron} out at .85 - -.07
[15:43] {dptl} staying away...protecting profits:)
[15:44] {GeoArb} smart dptl
[15:44] {Threei} happens too quickly to comment real time chaeron
[15:44] {_xzap} DRYS
[15:44] {Threei} overtightened stop a bit I guess on GE
[15:45] {GeoArb} peter am done trading.... so you can dcc me about hotkeys
[15:45] {dino} clf bounce range
[15:45] {Onix} stopped GE @.84 = -.12 and look at it now!
[15:45] {GeoArb} thats why i am done :)
[15:46] {GeoArb} got stopped out... want to take rest home
[15:46] {Chaeron} Onix - give it time... it could have just as easily gone to 20.20
[15:46] {Onix} so true
[15:47] {Chaeron} I have to go ... bye everyone... we'll have fun tomorrow too
[15:47] {_xzap} Thanks for having me today Vad :)
[15:47] {Threei} take care chaeron
[15:47] {GeoArb} bye caeron
[15:47] {_xzap} see ya chaeron
[15:47] {Threei} glad to be a host xzap
[15:48] {_xzap} I'll be here rest of this week
[15:48] {peterg} thanks geo
[15:50] {dptl} what a day.....:)
[15:50] {Threei} no kidding
[15:50] {magoo} crazy
[15:51] {dptl} i am gonna mark it on my calendar:)
[15:52] {Threei} last scalp, DELL long
[15:53] {Threei} .80
[15:53] {dino} thx all, see you next monday. good luck and stay alive
[15:53] {Threei} take care dino
[15:53] {peterg} have great trip dino
[15:53] {hawkfan4} cya dino
[15:53] {dptl} have fun
[15:53] {magoo} in dell
[15:54] {GeoArb} half out 1:1
[15:54] {Threei} out .92
[15:54] {Threei} too close to eod
[15:55] {magoo} out .95 FL TY bossasauras
[15:55] {Threei} lol, welcome
[15:55] {Threei} had to get back those 7 cents on GE
[15:55] {GeoArb} great ending 31
[15:55] {GeoArb} i understand
[15:55] {dptl} :)...amazing...nice trade didn't have gats for that:)
[15:55] {magoo} btw..u still stuck with me ALL WEEK lol
[15:55] {GeoArb} lol
[15:55] {Threei} lol
[15:55] {Threei} remember old saying?
[15:55] {Threei} amateurs open market, pros close it
[15:55] {GeoArb} i didnt revenge trade GE
[15:55] {Threei} well, look at the close
[15:56] {Threei} DJI is down lousy 330 points
[15:56] {magoo} big gap tomorrow unfortunately
[15:56] {Threei} which is nothing in terms of recent volatility
[15:56] {dptl} :)
[15:56] {dino} 500 pt dji comeback
[15:56] {Threei} yup
[15:56] {Threei} tells you wheta smart money is doing today
[15:57] {Threei} today's sellers will be big losers when all said and doen, IMO
[15:57] {dptl} good day.....have a good evening all :) and ty for the heads up:)
[15:58] {Threei} frikin GE, lol
[15:58] {Threei} take care dp
[15:58] {magoo} u too dp
[15:59] {Threei} [09:11] {Threei} However, if we get this hopeless bleak relentless selling pressure for a few hours,
[15:59] {Threei} [09:11] {Threei} then I'd expect very strong rally in second half of the day.
[15:59] {peterg} ciao all; so vad you have 2 scenarios eh
[16:00] {Threei} at least
[16:00] {peterg} big up at open, or bleak relentless at first, followed by up
[16:00] {peterg} right
[16:00] {peterg} thks, gd day
[16:00] {Threei} no, first one was:
[16:01] {peterg} yah?
[16:01] {Threei} [09:11] {Threei} ideally, we don't get rally atempts too early in the day,
[16:01] {Threei} [09:11] {Threei} those would be sold.
[16:01] {Threei} OK guys, thank you all
[16:01] {Threei} have a good evening
[16:01] {Threei} see you tomorrow
[16:01] {magoo} u always forget to post who asks the question..he he
[16:02] {peterg} me?
06[16:02] * magoo slaps peterg around a bit with a large trout
06[16:02] * peterg slaps magoo around a bit with a large trout
[16:02] {peterg} much better...............
[16:02] {magoo} hey,,not very nice
[16:02] {peterg} do you feel lucky?
06[16:02] * peterg slaps magoo around a bit with a large trout
[16:03] {patience} have fun dino, magoo will be his usual wonderful self while you are gone :)

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