Those who tried to join our Open House today - please accept our apologies. We had technical troubles with sending e-mail out and had to postpone our open days. We will try to resolve the problem as soon as possible and open our room for two days next week. We will send the e-mail out and post an alert in this area.
Once again, our apologies.
Session Time: Thu Oct 16 00:00:00 2008
[08:30] {Threei} SEPT CONSUMER PRICE INDEX M/M: 0.0% V 0.1%E; CPI EX FOOD-ENERGY M/M: 0.1% V 0.2%E;
[08:30] {Threei} INITIAL CLAIMS: 461K V 478KE; CONTINUING CLAIMS: 3.711M V 3.670ME
[08:30] {Threei} - Prior Initial Jobless Claims from 478K to 477K
[08:30] {Threei} - Prior Continuing Claims revised from 3.659M to 3.671M
[08:39] {ese} morning Vad
[08:39] {Threei} good morning
[08:39] {ese} that sell off yesterday was not the same kind of volume as last thursday
[08:39] {Threei} no
[08:40] {Threei} Europe/Asia reversed losses,
[08:40] {Threei} we are having gap up instead of big down
[08:40] {ese} just looking at that now.....
[08:44] {ese} hmmmmm getting to the point where they've rung out the weak hands
[08:45] {Threei} this point has to come sooner or later
[08:45] {Threei} NCC... I wish I knew what's cooking there
[08:46] {ese} is that a bank?
[08:46] {Threei} yeah, nationalcity
[08:48] {ese} wow.....down from 36.00 high....
[08:49] {Threei} well... just by that you can tell it's a bank :)
[08:49] {ese} assuming the govt is bailing them out as well.....3.00 is a great price
[08:51] {Threei} MORGAN STANLEY RAISED WFC TO OVERWEIGHT FROM UNDERWEIGHT, PRICE TARGET: $40
[08:53] {ese} smart money is going to be picking up shares of banks all over the place.....WFC is free money.....
[09:00] {ese} US banking system needs to do something about the way the back deposits. Canadian system is way more stable. Canadian banks are required to have more gold deposits to back up deposts rather than assets
[09:03] {ese} not sure what it was like down south but it sure didn't seem like canadians were running to the banks to take there money........
[09:03] {ese} seemed like most canadians could have cared less
[09:04] {cosmo} sounds careless
[09:04] {dino} gm all
[09:04] {ese} how so cos?
[09:04] {Threei} dino :)
[09:04] {ese} dino
[09:04] {cosmo} literally
[09:04] {ese} ahh
[09:04] {Threei} it's a matter of leveraging in the fractional reserve system ese
[09:04] {Threei} we all operate in it,
[09:05] {ese} indeed
[09:05] {Threei} but at some point more or less sane leverage, let's say 1:10 or 1:12
[09:05] {Threei} got replaced by up to 1:40
[09:05] {Threei} and new money created by new loans out of thin air turned a system into pyramid standing on its top
[09:06] {dino} just keep 250k or less, you are fine
[09:06] {ese} definately
[09:06] {dino} or, better yet, keep it at brokerage, they carry higher covera amounts
[09:06] {dino} coverage
[09:06] {ese} I understand the leverage thing very well......have to leverage my house every month to stay on this board.......
[09:07] {dino} whats up w/amzn, bloody thing
[09:07] {ese} yuk yuk yuk
[09:07] {dino} lol es
[09:07] {dino} we live on leverage here
[09:07] {ese} ??
[09:08] {cosmo} the need to increase mechanical advantage...
[09:09] {dino} daytrading 4/1
[09:10] {Threei} Why the panic bail-outs? The answer lies in the $55 trillion dollar Credit Default Swap market that is unraveling day to day. Banks and central banks are totally focused on the breaks to the credit ring when up to $400 billion of Lehman Brothers CDS obligations come due in the next week, with nobody at the teller window to pay up.
[09:10] {Onix} Good morning all
[09:10] {Threei} Onix :)
[09:11] {ese} onix
[09:11] {Threei} What this means is that unspecified banks holding the Lehman CDS derivatives will get nothing, and then they will be unable to meet their obligations to other banks. At stake are the Money Market Funds on deposit in these banks. The entire system could collapse, so banks do not want to be in the position of lending to one another. The credit market has failed.
[09:12] {ese} now that should be interesting Vad
[09:13] {ese} I thought those credit swaps had already unravelled.....
[09:13] {ese} end of last month
[09:13] {Threei} I am afraid we are far from that
[09:13] {dptl} good morning all
[09:13] {ese} hmmmmm
[09:13] {ese} dp
[09:13] {Threei} dp :)
[09:14] {dptl} :)
[09:14] {Onix} hi dp
[09:15] {Threei} *SEPT INDUSTRIAL PRODUCTION: -2.8% V -0.8%E
[09:16] {Threei} three biggest banks in the world that control well over 90% of the CDS market: JPMorgan Chase (JPM), Citigroup (C), and Bank of America (BAC).
[09:17] {Threei} This crisis will soon be over – but first the bankers must show us they have survived the next wave of CDS obligations coming due this week and next. The answer will be in the share prices of JPM, C and BAC.
[09:17] {ese} they will get bulk of govt bailout probably .....to back stop it.
[09:20] {ese} if the US govt can't backstop it Vad.....we'll use your money...dinos ...and a couple of otheres on the board
[09:21] {ese} probelem solved!!!!
[09:21] {Threei} I'll defend my last $3.62 till last couple of magoo's blood
[09:22] {ese} definately!!!!! i'lll help
[09:22] {Threei} till last drop I mean
[09:22] {Threei} where is magoo btw??
[09:23] {ese} at the hospital getting blood infusion
[09:23] {Threei} okkkk... dino... any other theory?
[09:24] {dino} magoo dealing w/r.e issues
[09:24] {GeoArb} gm
[09:24] {ese} geo
[09:24] {Threei} Geo :)
[09:24] {Threei} dino... on a scale of the country I hope?
[09:24] {dino} theories, no. i will simple trade what i see, no preconceptions.
[09:24] {Onix} hi Geo
[09:24] {Threei} 'cause gods know, we need someone to deal with those issues
[09:25] {dino} real estate issues
[09:25] {Threei} and I can't think of better person than magoo
[09:25] {Threei} I mean, just remembering that picture of him and killed deer
[09:26] {dino} wow s&p at spring '03 and summer '02 levels
[09:26] {Threei} negotiations over the barrel
[09:26] {dino} lol
[09:26] {Threei} so... I fully hope when magoo gets here he can report that r e issues are fixed in the USA
[09:27] {Threei} and we will buy everything in sight before letting the rest of the market know
[09:27] {dino} i think you will be disappointed
[09:28] {Threei} can I have a dream?
[09:29] {dino} indeed
[09:30] {ese} I dream of trading like you two!!!!!! does that count
[09:31] {dino} ok i'd like to see 8451 tagged then run
[09:33] {ese} bstop STLD .06
[09:34] {dino} 50 pts
[09:34] {dino} sm amzn l .25 wide
[09:35] {Threei} ADBE'
[09:35] {Threei} .11 long half lot
[09:35] {Threei} stop under 25
[09:35] {ese} L stld .07
[09:35] {dino} stop to .65
[09:36] {ese} i hope i haven't been bull trapped suckered
[09:36] {dino} to .25
[09:36] {Threei} half out .24
[09:36] {Threei} scalpers take profit
[09:36] {ese} get moving
[09:36] {dino} out .25, +1.00 amzn
[09:36] {GeoArb} half .23
[09:36] {dino} nobody?
[09:37] {Threei} out in full .50
[09:37] {Threei} sorry dino
[09:37] {Onix} ty got 17c
[09:37] {Threei} got involved with ADBE
[09:37] {GeoArb} nice dino
[09:37] {dino} hmmm
[09:37] {ese} nice dino....crap how do you do that??
[09:37] {dino} going to do it again i think
[09:38] {dino} nope
[09:40] {dino} chk l sm .30
[09:40] {Threei} Long Setup: MS 19.10 half lot
[09:40] {ese} stop to .00 STLD....very tight
[09:40] {Threei} if stays above .90
[09:40] {dino} oih rocking
[09:42] {ese} out STDL .27
[09:42] {Threei} wtg
[09:43] {ese} + .20 full lot....
[09:43] {ese} thats it for me today.......thursday is one of my early days
[09:43] {Threei} vene vidi vici
[09:43] {Threei} good job
[09:43] {ese} is that what that means
[09:44] {Threei} like I know what means what... I am poking keyboard randomly
[09:44] {Threei} stopped MS
[09:44] {GeoArb} out
[09:45] {ese} what were you in geo?
[09:45] {Onix} stopped ms
[09:45] {GeoArb} MS
[09:45] {Threei} TREASURY'S PAULSON: REITERATES THAT TAXPAYERS WILL RECOUP ALL OF THE $700B SPENT ON THE BAILOUT PACKAGE
[09:45] {ese} ahhhhhh good one
[09:46] {ese} sure they will....in 50 to 60 years
[09:46] {GeoArb} UBG IBG theory
[09:46] {GeoArb} youll be gone ill be gone
[09:47] {ese} good one haven't heard that one before
[09:47] {dptl} out stld +.30 ty ese
[09:47] {GeoArb} isnt that what all financial services did?
[09:48] {ese} your welcome dp......
[09:48] {ese} you did much bette thanI
[09:49] {dino} gj dp es
[09:49] {dptl} i took half lot though so its preatty much balanced:) ese
[09:49] {ese} I took a full one.....hence the tight stop
[09:49] {ese} it worked though
[09:50] {dptl} yep good call:)
[09:50] {dino} chk stop to .80
06[09:50] * Threei slaps ThurstonHowellTheThird around a bit with a large trout
[09:50] {dino} out chk .80, +.50
[09:51] {ThurstonHowellTheThird} Good morning
[09:51] {Threei} good to see you thtt
[09:51] {dptl} look who is here:)
06[09:51] * dptl slaps ThurstonHowellTheThird around a bit with a large trout
[09:51] {ese} thurston....long time no see.......hows the "minnow"
[09:51] {GeoArb} wow BTU
[09:52] {dino} gm thtt
[09:52] {ThurstonHowellTheThird} I finally got rescued from the island
[09:52] {ThurstonHowellTheThird} again
[09:52] {dino} i was thinking ginger, es
[09:52] {ese} didn't leave Mary=- Ann I hope
[09:52] {Threei} lol
[09:52] {Threei} how have you been?
[09:53] {ThurstonHowellTheThird} ok
[09:53] {dino} jpm?
[09:53] {ThurstonHowellTheThird} today is the open house, right?
[09:54] {Threei} actually, we had to reschedule it
[09:54] {Threei} some problems with mass e-mails
[09:54] {GeoArb} wo open house
[09:54] {ThurstonHowellTheThird} uh oh
[09:54] {GeoArb} ahh right the email we didnt get
[09:54] {Threei} only a few trickled through
[09:54] {GeoArb} wow BTU again
[09:54] {Threei} but hey, stay if you are one of few lucky ones :)
[09:54] {dino} sm l jpm .60
[09:54] {Threei} no news JPM
[09:55] {ThurstonHowellTheThird} thanx
[09:55] {Threei} I guess those CDS unwind not very well
[09:56] {dino} they are one of the annointed ones
[09:56] {dino} strange
[09:56] {dino} in any case stop is .25
[09:56] {Threei} (GE) GERMAN BUNDESBANK: CONFIDENT THAT IT WILL REACH AGREEMENT WITH THE GOVT ON THE NEW FINANCIAL STABILIZATION FUND
[09:56] {Threei} - The agency running the fund will be separate from the Bundesbank, supervised by the finance ministry.
[09:56] {Threei} - Accord will preserve the independence of the Bundesbank, which will support the management of the new fund agency.
[09:56] {Threei} - An additional finace market stability agency will be established within the bundesbank.
[09:57] {dino} skf quite the 5 day chart
[09:57] {Threei} C and BAC got hit just the same
[09:58] {dino} jpm stopped -.38
[09:58] {dino} man, hard stops on nyse always rinse me
[09:58] {ese} no kidding dino
[09:59] {dino} look right back to .60
[09:59] {ese} $100.00 up and down.....for the lucky few
[09:59] {dino} .90
[09:59] {dino} sheesh
[10:00] {Threei} *OCT PHILADELPHIA FED INDEX: -37.5 V -10.0E
[10:00] {dino} hard fall
[10:00] {dino} dji going neg
[10:01] {dino} back to original mode
[10:01] {dino} jpm l .30
[10:02] {dino} whippy markets, careful guys
[10:03] {dino} out jpm .70, +.40
[10:04] {dino} too soon
[10:04] {Threei} no such thing as taking profit too soon when it comes to banks - until financial crisis is over'
[10:05] {dino} y, worked out
[10:05] {Threei} Short Setup: C 15.60 break
[10:05] {Threei} if stays under .80
[10:05] {Threei} half lot
[10:07] {dino} need coffee
[10:07] {dino} waiting a few here, strange
[10:08] {Threei} covering half C
[10:09] {Threei} .43
[10:09] {Threei} stop to .65
[10:10] {Threei} to .55
[10:10] {Threei} feel free to cover as you see fit
[10:11] {Onix} ty Vad 22c on C
[10:11] {dino} going for the gap
[10:11] {Threei} welcome
[10:11] {Threei} come on THTT... tell me you made your profit with us after long break
[10:11] {Threei} I am out in full .19
[10:12] {Threei} +.40
[10:12] {GeoArb} out .29 TY vad
[10:12] {Threei} :)
[10:12] {dino} c'mon 25 pts
[10:12] {ThurstonHowellTheThird} figures...I just got back from the bathroom :(
[10:13] {dino} bammmmm
[10:13] {GeoArb} lol
[10:13] {dptl} lol
[10:13] {Threei} sigh
[10:13] {dino} fri-mon gap filled
[10:13] {GeoArb} joyg
[10:13] {ese} have a great day all.......
[10:14] {ese} outta here
[10:14] {GeoArb} bye ese
[10:14] {dino} step aside
[10:14] {ese} geo
[10:14] {dino} es cya
[10:14] {Threei} take care ese
[10:15] {dino} -900 pts since yesterday
[10:15] {dino} crazy
[10:15] {Threei} US TREASURY'S PAULSON: US WILL HAVE A FEW 'TOUGH MONTHS' WILL PERFORM WELL AFTER THROUGH ROUGH TIME FRAME DUE TO US RESILIENCY - TV INTERVIEW
[10:15] {Threei} - Notes that indicators are showing that the US is doing the right thing
[10:15] {Threei} what indicators?
[10:16] {Threei} I want his indicators
[10:16] {GeoArb} stochastics
[10:16] {dino} risky sm l fcx .00
[10:17] {peterg} morning people
[10:18] {Threei} peter :)
[10:19] {Threei} dino... how bored are we going to be when market returns to its usual ranges
[10:20] {Onix} i can;t wait for more boring markets to return!
[10:21] {dino} very 3i, very
[10:21] {dino} back to sleeping at desk
[10:22] {dino} have to admit, pretty intense lately
[10:23] {Threei} it's time to hear from long time friends:
[10:23] {Threei} NIGERIAN OIL MIN: EMERGENCY OPEC BEFORE NOV IS BEING CONSIDERED
[10:23] {Threei} {USO}
[10:29] {dino} out fcx .40, +.40
[10:29] {Onix} gj
[10:29] {dino} ty
[10:30] {dino} had .75, greed
[10:32] {Onix} yesit was movig qute fast up & down
[10:33] {dino} glad to be out
[10:34] {dino} going fpor 8200, start of leg up
[10:35] {Threei} OPEC HAS REPORTEDLY RESCHEDULED EXTRAORDINARY MEETING TO OCT 24 FROM NOV 17
[10:35] {Threei} - Note the Nigerian Minister earlier noted that this may be a possibility
[10:35] {Threei} extraordinary eh
[10:36] {dino} yes, beer, wine, dancing girls, and perhaps some golf too
[10:36] {dino} i'll be there
[10:36] {hawkfan4} that does sound extraordinary
[10:37] {GeoArb} really?
[10:37] {GeoArb} that just sounds like an ordinary AIG meeting
[10:37] {hawkfan4} lol
[10:40] {ThurstonHowellTheThird} how do I get IRC to beep?
[10:40] {dino} smack it
[10:40] {ThurstonHowellTheThird} still not beeping
[10:41] {dino} eyes on amzn again
[10:42] {dptl} go to dcc folder and than options you'll find sound settings THTT
[10:42] {ThurstonHowellTheThird} okt thx
[10:42] {Threei} US REPORTEDLY EVALUATING A POTENTIAL PLAN FOR MORTGAGE REFINANCING
[10:44] {Threei} VIX VOLATILITY INDEX REACHES NEW RECORD AT 77.32
[10:49] {dino} yeah, basically the govt is going to rent your house to you, as principal will never get paid
[10:50] {Onix} until later, off to work now
[10:51] {Threei} take care Onix
[10:51] {peterg} l8tr onix
[10:51] {dino} cya onix
[10:55] {Threei} watching BAC for possible short on .50 break
[10:55] {dino} sm l fcx .85 risky, fast
[10:56] {Threei} stop above .70 if triggers
[11:00] {Threei} DOE CRUDE: +5.61M V +2.5ME;
[11:00] {Threei} GASOLINE: +7M V +3ME; DISTILLATES: -453K V +500KE; UTILIZATION: 82.2% V 83.7%E
[11:00] {Threei} half out BAC .3
[11:00] {Threei} .32 sorry
[11:01] {dino} -300+
[11:01] {ThurstonHowellTheThird} +.20 ty
[11:01] {dino} 8200 here we come
[11:01] {Threei} finally thtt :)
[11:01] {patience} or below
[11:01] {GeoArb} sheesh
[11:01] {GeoArb} instead of half out I added half
[11:01] {GeoArb} and then panicked and exited
[11:01] {GeoArb} lol
[11:02] {Threei} scalpers are solidly over 1"1
[11:02] {GeoArb} all out .24
[11:02] {GeoArb} TY vad
[11:02] {dino} anyone in fcx don't let it hurt you
[11:02] {Threei} welcome
[11:02] {Chaeron} Good morning everybody... looks like I missed a lot of good ones
[11:02] {Threei} Chaeron :)
[11:02] {GeoArb} hey chaeron
[11:03] {Chaeron} all good up there Geo?
[11:03] {GeoArb} yeah all controlled
[11:03] {GeoArb} you gotta hand it to those helecopters
[11:03] {GeoArb} deadly accuracy
[11:03] {dino} stop fcx -.40
[11:04] {Chaeron} good
[11:04] {dino} now it will go
[11:05] {dino} soon they will drop money out geo
[11:06] {GeoArb} when?
[11:06] {GeoArb} i have been standing with arms outstretched for days !
[11:07] {dino} lol
[11:07] {dino} you see, these fires are the govt's new plan, burn em all, let the insurance companies pay
[11:08] {GeoArb} but the insurance companies ARE the gov these days
06[11:08] * GeoArb is confused
[11:08] {dino} that way, a housing shortage
[11:08] {GeoArb} heard about the AIG england hunting trip on our money?
[11:08] {dino} y
[11:09] {dino} cheney should've gone
[11:09] {patience} not only did they take employees, but their good customers...yeesh
[11:09] {GeoArb} lol dino
[11:09] {dino} kill a couple bonus owners, lol
[11:10] {Threei} I am not a very blood -thristy person, normally... but I am looking forward for trials
[11:10] {dino} amzn sm l .00
[11:10] {Threei} if we found it necessary to sent Martha to jail, what are we to do with these guys?
[11:10] {dino} me too 3i
[11:10] {Chaeron} Frank
06[11:10] * GeoArb has been drying torches and sharpening pitchforks
[11:10] {dino} ebbers and kozloski will have new roomates
[11:11] {dino} lod
[11:11] {GeoArb} -350 dow........ i know i know its nothing
[11:11] {Threei} nah
[11:11] {Threei} not worth wasting baandwidth
[11:12] {dino} hate to say it, but double bottom coming soon, maybe not today...but soon
[11:12] {dino} 7900ish
[11:12] {Threei} on NASDAQ it's right here
[11:12] {Threei} notice finnies do not make new low right now
[11:14] {Threei} WFC
[11:14] {Threei} very risky, long on .50 break
[11:17] {Threei} come on WFC, it's bounce time
[11:18] {GeoArb} stop vad?
[11:18] {Threei} under .25
[11:20] {Threei} BAC's moving, catch up WFC, will ya?
[11:22] {dino} opps forgot order afam l sm .15
[11:22] {Threei} lol
[11:22] {Threei} good boy WFC
[11:22] {Threei} half out .72
[11:22] {Threei} scalpers just be happy
[11:22] {dino} i was a buck under for an hour
[11:23] {GeoArb} all out .68 th vad
[11:23] {Threei} WFC over 1:1 solidly
[11:23] {Threei} welcome
[11:23] {ThurstonHowellTheThird} +.24 thx again
[11:23] {Threei} :)
[11:24] {Chaeron} Hi Mr. Howell... long time... good to see you
[11:24] {Threei} I am out in full .86
[11:24] {ThurstonHowellTheThird} good to see you too :)
[11:25] {Threei} MS CEO: CREDIT HAS 'ABSOLUTELY DRIED UP' - CNBC COMMENTS
[11:25] {dptl} +.29 wfc ty
[11:25] {dino} who is miss ceo?
[11:25] {dino} husband cut her off
[11:26] {Threei} dp :)
[11:26] {dino} out amzn .80, +.80
[11:29] {GeoArb} met my daily
[11:29] {dino} amzn too soon
[11:29] {GeoArb} was down 300 at a point..
[11:29] {Threei} wow
[11:29] {Threei} on what??
[11:29] {GeoArb} dont ask vad
[11:30] {GeoArb} moral is whaen i experiment on my own i should do on 1/4 lot
[11:30] {Threei} we had just one stop today and it wasn't anything of such potential
[11:30] {Threei} ah
[11:30] {dino} partial out afam .80, +.65
[11:30] {Threei} what's with all those intentions to take my calls only for a while
06[11:30] * GeoArb hoping yo didnt remember
[11:30] {Threei} {----- just looking for excuse to do this:
06[11:31] * Threei slaps GeoArb around a bit with a large trout
[11:31] {GeoArb} heheh
[11:31] {GeoArb} you see you made me too much money and i got cocky
[11:31] {dino} gj geo
[11:31] {GeoArb} its your fault
06[11:31] * GeoArb slaps Threei around a bit with a large trout
[11:31] {Threei} so, let me get this straight
[11:31] {dino} out remainder afam .80, +.65
[11:31] {Threei} you do a certain thing,
[11:31] {Threei} it makes you money,
[11:31] {Threei} so you get cocky and STOP doing that thing?
[11:31] {dino} happens to us all geo.
[11:31] {GeoArb} no no
[11:32] {GeoArb} I add my own stuff on top
[11:32] {Threei} right
[11:32] {dino} bury the dead, best thing to do
[11:32] {Threei} which qualifies as stopping
[11:32] {GeoArb} sigh
06[11:32] * GeoArb slaps GeoArb around a bit with a large trout
[11:32] {Threei} since the thing was to take my calls only for a while,
[11:32] {Threei} see what works
[11:32] {Threei} formulate it
[11:32] {Threei} then start venturing on your own
06[11:32] * peterg slaps GeoArb around a bit with a large trout
[11:33] {GeoArb} hey !!
[11:33] {peterg} yeah!
[11:33] {Threei} so, have you done analysis?
[11:33] {dino} csh sm l .30
[11:33] {peterg} just trying to help
[11:33] {Threei} what is it that I do that differs from what you do?
[11:33] {GeoArb} you dont let a position go against you and you respect stops :(
[11:33] {GeoArb} booohooohoo
[11:34] {peterg} awwww, gee whizzz
[11:34] {peterg} give him some money
[11:34] {peterg} geo, youll get it
[11:34] {GeoArb} umm peterg
[11:34] {GeoArb} i made my daily
[11:34] {peterg} goodo
[11:35] {peterg} good oh
[11:35] {peterg} good0
[11:35] {dino} he's got it
[11:35] {GeoArb} :)
[11:35] {GeoArb} wfc hmmm
[11:35] {dino} geo, i understand, when i do not hard stop entries, i let them slip bigger....because i am an idiot. wired wrong i guess
[11:35] {Chaeron} Geo, you've been doing exceptionally well... ccongrats
[11:36] {GeoArb} exactly geo
[11:36] {GeoArb} thats my [roblem
[11:36] {GeoArb} thanks chaer
[11:36] {dino} and bottom line....its all about stops
[11:36] {Threei} WFC 32 break was a valid setup... I just am not very delighted about risk levels here
[11:36] {GeoArb} cup and handle?
[11:37] {GeoArb} not taking just observing
[11:37] {Threei} "Bush is to the left of me now," Chavez told an audience of international intellectuals debating the benefits of socialism. "Comrade Bush announced he will buy shares in private banks."
[11:37] {Threei} it was, yes
[11:38] {dino} wonders never cease, magoo bought lunch
[11:38] {GeoArb} wow
[11:38] {GeoArb} he must be killing it
[11:40] {dino} drys gap filled
[11:41] {magoo} hey
06[11:41] * Threei slaps magoo around a bit with a large trout
[11:42] {dino} anyone having fun today?
[11:42] {Threei} gosh
[11:42] {Threei} I make money and get to slap people
[11:42] {dino} :)
[11:42] {Threei} what is not fun about that?
[11:42] {magoo} and i likegetting slapped
[11:43] {ThurstonHowellTheThird} what more could you ask for?
[11:43] {Threei} there
[11:43] {Threei} fun all around
[11:43] {Threei} well, I could think of a few more things thtt
[11:43] {Threei} but this will do for now
[11:46] {magoo} i see qqqq held 29
[11:47] {GeoArb} wfc doing better than bac
[11:47] {dino} dji wants green
[11:48] {Threei} well, I couldn't bring myself to hold longs in this environment for more than scalp
[11:48] {Threei} or reenter when they were that far from bottom
[11:48] {Threei} those are things you do in bull market
[11:48] {Threei} and we will be back doing them when it's time
[11:48] {GeoArb} i have to say
[11:48] {dino} same, look amzn .80 higher, afam 1.00 higher etc
[11:49] {GeoArb} and this is totally random.....paul newman is my new hero
[11:49] {GeoArb} the more i read about him the more impressed i am
[11:50] {GeoArb} he gave away more than anyone in his league in terms of relative income
[11:50] {GeoArb} wfc
[11:51] {dino} cool dude
[11:51] {GeoArb} amazing philanthrpist
[11:55] {Chaeron} He was... I heard rick warren gives 90% of his income away and lives on 10%... another in that league
[11:55] {GeoArb} really?
[11:56] {Chaeron} yes
[11:57] {GeoArb} i have a few people in my office who are in his congregation
[11:57] {Chaeron} he's the guy that moderated the first "debate" between Sens. McCain and Obama
[11:57] {magoo} gog reports tonite..always fun to watch
[11:57] {GeoArb} cone of silence didnt exist
[11:57] {magoo} will go 50 points but never know which way
[11:58] {magoo} goog that is
[11:58] {Threei} QATARI OIL MINISTER: BELIEVES OPEC WILL CUT PRODUCTION BY 1.0M BBL OR MORE IN UPCOMING CONFERENCE
[12:00] {GeoArb} comeone !!!
[12:00] {GeoArb} its not like they have a recession
[12:00] {Threei} why don't these guys justy gather once, establish a price per barrel they like and tell the world "this is what we sell it for, period"
[12:00] {GeoArb} chaer dcc
[12:01] {dino} that price would be $200
[12:01] {Chaeron} this way they can front run the markets and make more $$$
[12:01] {GeoArb} noooooo... I am planning to buy a pilot
[12:01] {peterg} for your plane?
[12:01] {Threei} they are dictatorships anyway, it's not like they believe in free markets
[12:02] {peterg} nobody does anymore
[12:02] {dino} you guys remember the days when the dji would not move more than 100 pts intra-day
[12:02] {Chaeron} right but they can manipulate other markets... I want to do that one day.. LOL
[12:02] {Threei} dino... we would if our memory span exceeded 15 minutes
[12:02] {dino} me too chaert, i'd make a good dictator
[12:02] {dino} imo of course
[12:02] {Threei} so would I
[12:03] {Chaeron} I 'd vote for you guys... I'd have to I think.........
[12:03] {Threei} I would be the benevolentest dictator of all times
[12:03] {dino} somehow tho, at home i am not in charge
[12:03] {Threei} you better chaeron
[12:03] {GeoArb} lol
[12:03] {Threei} we benevolent dictators shoot those who don't vote for us
[12:03] {GeoArb} honda pilot peterg
[12:03] {Threei} but you are free to chose of course
[12:03] {dino} we have too, it saves taxpayers $
[12:04] {peterg} gd choice
[12:04] {GeoArb} sounds like trading with debeers
[12:04] {GeoArb} my friend buys with them
[12:04] {GeoArb} they give him a box and tell him what they think it is worth
[12:04] {GeoArb} he has a chice
[12:05] {GeoArb} not buy and never be invited again
[12:05] {GeoArb} lol
[12:06] {Threei} I don't like this quitness in the market
[12:06] {Threei} quietness
[12:07] {Threei} lately all calm periods turned into selling storms
[12:07] {dino} going down
[12:07] {Threei} good thing we made decent money
[12:07] {Threei} can sit out uncertain period now
[12:07] {GeoArb} can we short wfc?
[12:08] {Threei} can as in should we?
[12:08] {GeoArb} can
[12:08] {Threei} or as in "will we be shot by some benvolent dictator"?
[12:08] {GeoArb} sheesh
[12:08] {dino} lol
[12:08] {dino} just re-fi w/them and default
[12:08] {GeoArb} vads really plotting here
[12:09] {Threei} hehe
[12:09] {Threei} if you mean whether it's shortable - yes it is
[12:09] {GeoArb} i tried yesterday and got sec error
[12:09] {Threei} which you casn easily find out by sending an order to short couple bucks above market
[12:09] {GeoArb} true
[12:09] {Threei} inststead of making me work
[12:10] {dino} thats what i do
[12:10] {GeoArb} yeah looks like is ok
[12:10] {Threei} {--- looking for an excuse again
[12:10] {Threei} oh, like I really need excuse
06[12:10] * GeoArb looks busy
06[12:10] * Threei slaps Threei around a bit with a large trout
06[12:10] * magoo slaps GeoArb around a bit with a large trout
[12:10] {GeoArb} wahy magoo why?
[12:10] {Threei} ty magoo
[12:10] {Threei} here is why Geo
[12:10] {Chaeron} Benevolent dictators don't need no stinkin' excuses
06[12:10] * Threei slaps GeoArb around a bit with a large trout
[12:11] {magoo} hows that vad
[12:11] {Threei} yes chaeron, that's why I slapped mysaelf - to remind that
06[12:11] * GeoArb thinks magoo will be a good dictator's hatchet man
[12:11] {magoo} u correct
[12:11] {Chaeron} as BD, you could hire me to slap you if you'd desire :)
[12:11] {GeoArb} BD?
[12:12] {GeoArb} oh ok
[12:12] {Chaeron} Benevolent Dictator
[12:12] {GeoArb} heheheh
[12:12] {GeoArb} i believe we have a new name for 3i
[12:12] {Threei} you can call me BeneDict
[12:12] {Chaeron} lol
[12:12] {GeoArb} BeneDict Lord Vadster
[12:13] {GeoArb} surge
[12:13] {Threei} ok... Seinfield still can sleep well I suppose...
[12:13] {dino} purge
[12:13] {magoo} sir benedict lord vader
[12:13] {dino} green comp, dji next
[12:14] {hawkfan4} awesome call on nasdaq double bottom vad. bot nq small at 1198, put in stop, ran to the bank, and came back to happiness
[12:15] {Threei} wtg hawk
06[12:15] * dino slaps Chaeron around a bit with a large trout
[12:15] {Threei} we are green
[12:15] {Chaeron} for?
06[12:15] * dino slaps hawkfan4 around a bit with a large trout
[12:15] {Threei} now don't forget
06[12:15] * magoo slaps Chaeron around a bit with a large trout
[12:15] {GeoArb} how many points hawk?
[12:15] {Threei} double bottom is a double bottom until it's not
[12:15] {hawkfan4} so far +72
[12:15] {dino} hawk, what about my dji wants 8200 way up there
[12:15] {Threei} jez hawk
[12:15] {hawkfan4} that was sweet too dino :)
[12:15] {Threei} 72 points?
[12:16] {Threei} onhbow many contracts?
[12:16] {dino} :)
[12:16] {magoo} i am l goog 324
[12:16] {hawkfan4} just 2, but still like 3k
[12:16] {GeoArb} ammmmazing hawk
[12:16] {dino} that was 400 pts ago
[12:16] {magoo} cme 353
[12:16] {Threei} beauty
[12:16] {dino} wtg magoo
[12:16] {magoo} out cme 360.69
[12:16] {dino} fcx sm l .00
[12:17] {GeoArb} nice magoo
[12:17] {magoo} out goog 328.57
[12:17] {GeoArb} you using IB for NQ hawk?
[12:17] {hawkfan4} yes
[12:17] {GeoArb} so i guess you met your daily hehehe
[12:17] {hawkfan4} :)
[12:18] {magoo} sick..out all morning
[12:18] {dino} out csh .90, +.60
[12:18] {magoo} walk in make 1500 bux
[12:18] {hawkfan4} nice
[12:18] {GeoArb} nice
06[12:18] * GeoArb is hiding his 200
[12:19] {magoo} no brag by any means..just reason why u must stay in game
[12:19] {GeoArb} true
[12:19] {GeoArb} hey its the numbers that inspire
[12:19] {hawkfan4} very true, learned a big hard lesson about that earlier this year mags
[12:20] {dino} ty
[12:22] {magoo} its been a tough environment for sure
[12:23] {GeoArb} quick Q
[12:23] {GeoArb} anyone uses excel connectivity feature?
[12:24] {hawkfan4} i don't
[12:24] {GeoArb} i am just curious if I can use it for faster stop setting
[12:24] {GeoArb} hate using mouse clicks
[12:25] {magoo} i luv using mouse
[12:25] {magoo} where do i plug in micro phone for skype anyone?
[12:26] {magoo} screen or box?
[12:26] {GeoArb} ????
[12:26] {GeoArb} depends on interface
[12:26] {GeoArb} usb or 1/8th
[12:27] {Threei} what I do magoo, is I close my eyes and stab the monitor with plug... sometimes I manage to stick it right into mike icon
[12:27] {Threei} for some reason it doesn't work anyway
[12:28] {magoo} geo HUH?
[12:28] {GeoArb} 1/8th plug?
[12:28] {Threei} ROFL!
[12:28] {Threei} noticed?
[12:29] {Threei} Geo's answer got huh?
[12:29] {magoo} round plug in
[12:29] {Threei} mine was taken as normal
[12:29] {hawkfan4} lol
[12:29] {GeoArb} round like ipod round?
[12:29] {Threei} tells you that magoo finds my approach quite acceptable
[12:29] {magoo} yes
[12:30] {magoo} whats an ipod ?
[12:30] {Threei} lol
[12:30] {Threei} I am falling from my chair here
06[12:30] * GeoArb gives up
[12:30] {dino} -150dji drop?
[12:31] {magoo} where is the ipod located? on screen or on box?
[12:31] {Threei} {--- crying
[12:32] {GeoArb} check your mail vad
[12:32] {hawkfan4} heee, too funny
[12:34] {GeoArb} vad promise no calls for next 5 mins and ill reboot computer
[12:35] {GeoArb} lol thats not very reasonable
[12:35] {Threei} ok, i'LL GO FOR A SMOKE
[12:35] {Threei} oops caps
[12:39] {GeoArb} back
[12:40] {GeoArb} man so many XP patches
[12:40] {GeoArb} unbelievable
[12:43] {Threei} F
[12:43] {Threei} REPORTEDLY LAUNCHING NEW INCENTIVE PROGRAMS
[12:43] {Threei} - Offering $2,000 cash back on 2009 F-150, offering $7,000 cash back on 2008 model.
[12:43] {Threei} - Sees a mild recovery in the light truck segment.
[12:50] {hawkfan4} chaos
[12:51] {Threei} FED'S STERN: THERE HAD BEEN PLENTY OF WARNINGS ABOUT PROBLEMS AT FNM AND FRE - Q&A
[12:51] {Threei} - Restoring a functioning financial system is far more important at the moment than assigning blame.
[12:51] {Threei} ummm
[12:51] {Chaeron} ok, but we still want a hangin'
[12:51] {GeoArb} i am sure we can do both
[12:51] {Threei} yeah but we are going to get president who was right there on the FNM/FRE side
[12:53] {dino} either way
[12:53] {dino} fed must be reading this site 3i to comment above
[12:54] {Threei} I am sure
[12:54] {dino} lol
[12:54] {Threei} I heard Ben can't wait for trading day to end so we post our trading log and he can read
[12:54] {Threei} and he is too cheap to pay for membership
[12:54] {GeoArb} i thought magoo was ben
[12:54] {dino} yeah, the want to shut us dirty rotten speculators down
[12:55] {dino} magoo is "big" ben
[12:55] {GeoArb} ah
[12:55] {Threei} isn't it personal
[12:56] {Threei} ah come on
[12:57] {Threei} that WAS funny
06[12:57] * GeoArb will let BD and hattchet decide
[12:57] {Threei} {--- crying... no one appreciates his sense of humor, decisively moved up to 12 years old
[12:58] {Threei} Short Setup: DELL .49
[12:58] {Threei} if stays below .60
[13:00] {Threei} OCT NAHB HOUSING MARKET INDEX: 14 V 17E
[13:04] {Threei} stopped
[13:13] {Threei} NVDA
[13:13] {Threei} WILL REPORTEDLY AIM TO INCREASE REVENUES THROUGH EXPANSION IN ADDITIONAL MARKETS, WILL UNVEIL NEW VIDEO GAME TECHNOLOGY WITHIN A MONTH'S TIME
[13:15] {Threei} look at UAUA move today
[13:16] {GeoArb} i guess its still sensitive to oil
[13:17] {GeoArb} lod oil 68.57
[13:18] {dino} pulp can move baby
[13:19] {GeoArb} pulp?
[13:19] {peterg} Meanwhile, in Dabai, two Brits jailed for 3 months for sex on beach
[13:19] {GeoArb} serves em right
[13:20] {GeoArb} ask ANYONE in europe if they want britih tourists
[13:20] {peterg} at soccer games, or worse
[13:20] {dino} itmn
[13:21] {Threei} IEA'S TANAKA: THE PERIOD OF LOW ENERGY PRICES HAS PASSED, OIL PRICES WILL INCREASE IN THE LONG TERM
[13:21] {Threei} passed?
[13:22] {dino} pulp baby sienfeld/costanzza
[13:23] {GeoArb} you in itmn dino?
[13:24] {dino} i am now sm .06, careful
[13:24] {dino} would like to see 13.80s
[13:25] {dino} stop just below .60
[13:25] {dino} drug approval, japan
[13:25] {dino} regulatory? whatever that means
06[13:28] * dptl slaps ThurstonHowellTheThird around a bit with a large trout
[13:28] {dino} 1:1 geo
[13:28] {Threei} good one dino
[13:28] {GeoArb} nice geo
[13:28] {GeoArb} i didnt enter
[13:29] {GeoArb} really nice
06[13:29] * dino slaps GeoArb around a bit with a large trout
[13:29] {GeoArb} hey i did my daily and learning and observing :)
[13:29] {dino} ty 3i
[13:29] {GeoArb} oh forgot last stop
[13:30] {dino} not sure what to say
[13:30] {dino} working on 2x's
[13:30] {GeoArb} :)
[13:30] {patience} nov oil contract dipped down into the 60's...ho hum, wonder if it will be 50's by friday
[13:30] {dino} stop to .56'
[13:31] {dino} to .73
[13:31] {dino} theres .80
[13:31] {GeoArb} impressive dino
[13:32] {dino} out +.67
[13:32] {dino} lucky
[13:32] {dino} could've easily dropped as much
[13:33] {dino} too tight
[13:36] {dino} itri
[13:38] {Threei} MSFT REITERATES NO INTEREST IN BUYING YAHOO
[13:38] {Threei} {YHOO shareholders} now, who was the imbecil who rejected buyout at 32?
[13:39] {dino} wow
[13:39] {dino} itri
[13:39] {dino} geo, bottom thoughts (geo subbing for bruce)
[13:39] {GeoArb} ummmm
[13:39] {dino} 55 strike
[13:39] {dino} ?
06[13:40] * GeoArb racking brains
[13:40] {GeoArb} 56
[13:40] {dino} bidding 55.01 v sm
[13:41] {dino} not gonna happen
[13:41] {GeoArb} 56
[13:42] {dino} wait
[13:42] {GeoArb} hmmm looking more down
[13:42] {dino} mkt droppiong
[13:42] {dino} can't type
[13:43] {dino} ok, 56 it is
[13:45] {dino} wow, my old friend leap got the bat to its' knees
[13:46] {GeoArb} power up
[13:48] {dino} drop to .61
[13:50] {dino} ok v sm v wide l .60
[13:51] {GeoArb} nope countertrend scares me
06[13:51] * GeoArb bows out
[13:51] {dino} so far u r right
[13:51] {dino} .60 r/r
[13:52] {dino} should've just wating at original
[13:54] {dino} c'mon follow mkt
[13:56] {dino} waited
[13:56] {dino} =wating
[13:58] {Threei} ugh UAUA
[13:59] {dptl} lcc?
[14:00] {dino} stops-skill geo
[14:01] {dino} hard was .96
[14:01] {GeoArb} ok
[14:01] {GeoArb} nice
[14:03] {dino} to .20
[14:03] {dino} 1/1
[14:03] {dino} out slip .16, +.56
[14:03] {GeoArb} wtg
[14:04] {dino} you know why .96 original stop right
[14:04] {Threei} FED ISSUES NEW RISK MANAGEMENT GUIDANCE FOR BANK HOLDING COMPANIES, SHOULD SUPPORT A 'RESILIENT' FINANCIAL SYSTEM
[14:04] {Threei} wow ABK
[14:04] {GeoArb} actually i dont
[14:04] {Threei} ABK
[14:04] {Threei} HEARING FRIEDMAN BILLINGS MAKING POSITIVE COMMENTS ON PROSPECTS FOR FED BACKSTOP (TIMING UINCERTAIN)
[14:05] {Threei} that's all?
[14:05] {dino} 5k order at 55.00, avoid wrong trip move it .04 lower, 500 buy at .95
[14:05] {dino} trip=slip
[14:05] {GeoArb} ic
[14:05] {GeoArb} nice :)
[14:05] {dino} 200 size
[14:06] {dino} thats why wider stop
[14:07] {GeoArb} ok
[14:10] {Chaeron} where's oil?
[14:10] {GeoArb} 70.57
[14:10] {Chaeron} what the heck? Where's the outrage?
[14:10] {dino} nymex.com/index.aspx
[14:11] {Chaeron} oh, I took .19 from DELL... in .66 out .85 earlier... sorry late
[14:12] {Threei} SOLR
[14:12] {Threei} SIGNS $46.8M CONTRACT WITH TOP GREEN ENERGY TECHNOLOGIES
[14:12] {Threei} - Contract is GT Solar's most comprehensive polysilicon production equipment and services agreement to-date, and the company's first sale of its products to a customer based in Taiwan.
[14:12] {Threei} - Expected to begin delivering equipment to Top Green Energy Technologies in the second half of the 2009 calendar year.
[14:13] {Threei} it's kind of one year from now, right?
[14:15] {Chaeron} sigh
[14:15] {Threei} I guess 5.30 buyer looked at calendar
[14:15] {Threei} and hit sell button
[14:15] {Chaeron} that's why I sighed
[14:15] {Chaeron} (teasing)
[14:26] {GeoArb} .
[14:33] {Chaeron} shhhh every be quiet.... Geo thinks he's disconnected :)
[14:34] {hawkfan4} ok...DOH!
[14:34] {GeoArb} :)
[14:35] {dino} i think he is
[14:36] {dino} oh thats right, on ignore
[14:36] {GeoArb} ---------
[14:36] {GeoArb} [11:35] [GeoArb PING]
[14:36] {GeoArb} -----------
[14:36] {GeoArb} [11:35] [GeoArb PING reply]: 0secs
[14:36] {dino} cmt has a pleasant show on now
[14:37] {GeoArb} whats cmt?
[14:37] {dino} country music channel
[14:37] {GeoArb} ah ok
[14:37] {dino} dallas cowboy cheerleader tryouts
06[14:37] * GeoArb is fumbling for the remote
[14:38] {dino} lol
[14:38] {dino} commercial
[14:38] {hawkfan4} {==hawk knocks over his diet coke dashing for the tv
[14:38] {GeoArb} diet hawk?
[14:38] {hawkfan4} diet cherry
[14:39] {dino} diet coke
[14:39] {dino} you have to remember geo, we're old guys compared to you
[14:39] {GeoArb} heh
06[14:40] * GeoArb is young and tubby
[14:40] {hawkfan4} how old r u geo?
[14:40] {GeoArb} 34
[14:40] {hawkfan4} ah, 39
[14:40] {dino} 43 here
[14:40] {GeoArb} heard rumores laserdave is 19
[14:40] {Threei} ,lol
[14:41] {dino} now his girlfriend is
[14:41] {GeoArb} even better
[14:41] {dino} indeed
[14:41] {dino} vv sm wide l ice .75
[14:41] {GeoArb} spit it out chaeron
[14:47] {dino} ok 8 ball says dji close hod
[14:47] {magoo} lil power up here
[14:47] {hawkfan4} im with ya. thinking big rally to the close
[14:48] {dino} theres 51
[14:48] {dino} 100 to go
[14:51] {dino} 101
[14:52] {dino} 110
[14:53] {Threei} so... ADBE .50 break, and UAUA .50 break?
[15:02] {GeoArb} you take uaua vad?
[15:03] {Threei} sure
[15:03] {Threei} can't decide to scakp or nurse it
[15:03] {dino} 111
[15:04] {GeoArb} NQ hod
[15:06] {dino} out fcx .45, +.45
[15:06] {magoo} because you are such "the " nursing nuturing type lol
[15:06] {dino} out ice .00, +1.25
[15:07] {dino} b e a u t i f u l
[15:08] {Chaeron} great one dino
[15:08] {dino} 8 ball wrong, exceeded hod
[15:08] {dino} ty chaer
[15:11] {GeoArb} 1282 to 1292.5 2 lots
[15:11] {dino} gj
[15:11] {hawkfan4} nice trades
[15:11] {dino} need 100 more points for average 700 range
[15:12] {magoo} crazy dino
[15:12] {dino} 75 to go
[15:13] {Threei} out UAUA +.36
06[15:13] * Threei slaps magoo around a bit with a large trout
[15:13] {Chaeron} nice one Vad
[15:13] {GeoArb} nice vad
[15:13] {magoo} :)
[15:13] {Threei} becay=use I am such a nursing type
[15:13] {Chaeron} and benevolent too
[15:13] {dino} nurse this
[15:13] {Threei} out ADBE +.50
[15:13] {Chaeron} roflol... dino about to be kicked
[15:13] {dino} gj
[15:13] {Threei} becayuse I am such a nursing type
06[15:14] * GeoArb doesnt want t imagine vad nursing
[15:14] {Threei} everyone's happy today?
[15:14] {hawkfan4} yes sir
[15:14] {magoo} my best day in month
[15:14] {dino} 30 pts
[15:14] {patience} 765
[15:14] {Threei} :)
[15:14] {GeoArb} really magoo
[15:14] {patience} sorry
[15:14] {magoo} yes
[15:14] {GeoArb} more details pls
[15:14] {magoo} and never started till noon
[15:14] {GeoArb} hehe
[15:14] {magoo} maybe i should sleep in
[15:15] {GeoArb} you should do that more often
[15:15] {Chaeron} DELL?
[15:15] {Threei} DELL kind of lags
[15:15] {Threei} not sure about it
[15:15] {dino} next gap dji is 9310
[15:16] {dino} wed. close
[15:19] {magoo} dino really nailing the range guys..pay attention...i wish i had yesterday
[15:21] {GeoArb} vad dcc pls
[15:21] {Threei} do I have to?
[15:22] {dino} no
[15:22] {Threei} good
[15:22] {Threei} I choose not to
[15:22] {GeoArb} puhhhlease
[15:22] {magoo} if u choose not to decide....u still have made a choice
[15:24] {dino} and the worst thing you can do is nothing
[15:24] {hawkfan4} freewill
[15:24] {Threei} what do you mean nothing... I choose to sleep
[15:25] {dino} quoting teddy roosevelt.
[15:26] {Threei} he probably wasn't very big on sleep
[15:26] {dino} in any moment of decision, the best thing you can do is the right thing, the worst thing is nothing
[15:26] {Threei} so by him, doing wrong thing is still better than nothing?
[15:27] {dino} just shy of 3x's guys, i may be done, unless a nice capit pops up
[15:28] {dino} 3i, hmmm, teddy must have been a stock trader, so doing nothing on a bad trade is the worst thing. see
[15:28] {dino} the sign is on the wall directly in front of my desk. a reminder tto keep stops
[15:29] {dino} the other one is churchill and you know what he said
[15:29] {dino} when going through hell, keep going. alas, he too mujst have been a trader at heart
[15:31] {Threei} they all were it seems
[15:32] {dino} yes, they just did not admit it, as traders are evil
[15:32] {dino} cetv sm l .45
[15:33] {dino} should've held itri
[15:34] {patience} are we sure today isn't friday...i am ready for it to be friday at the close
[15:34] {Threei} lol
[15:35] {Threei} wow
[15:35] {Threei} what just happened on UAUA?
[15:36] {hawkfan4} don't see news, maybe 10 strike break
[15:40] {Threei} oh boy
[15:41] {Threei} brutal
[15:41] {dino} hod
[15:45] {dino} cpsi
[15:45] {Threei} IMF"S LIPSKY: DEVELOPED ECONOMIES ARE BARELY AVOIDING RECESSION AT CURRENT
[15:46] {Threei} lol... with all we witnessed, can you believe we are still "avoiding recession"?
[15:47] {Threei} we are talking about toal meltdown, end of days, depression etc... yet economy hasn't even stopped growing?
[15:47] {magoo} man up 357
[15:50] {magoo} 383
[15:50] {Threei} so far, double bottom
[15:50] {Threei} now let's pray we never break these two lows
[15:50] {Threei} 'cause if we do
[15:50] {magoo} dow 5600 if IF
[15:51] {Threei} 5623
[15:51] {magoo} qqqq 29 area douvble bottom
[15:52] {dptl} hmm...well turns to be a really good day....have a good evening all:)
[15:53] {Threei} why wouldn't it be
[15:53] {Threei} dp, before you leave
[15:53] {Threei} read this
[15:53] {Threei} http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3211594/Financial-crisis-Moscow-supermarket-shelves-increasingly-empty-in-Soviet-era-reminder.html
[15:53] {Threei} now leave
[15:53] {dptl} :)
[15:53] {GeoArb} HMMMM
[15:54] {GeoArb} in 1306 out 12 1 lot
[15:54] {hawkfan4} nice
[15:54] {Threei} that's $120 too
[15:54] {GeoArb} yeah :)
[15:55] {GeoArb} see vad
[15:55] {GeoArb} i watched the video
[15:55] {GeoArb} (kidding)
[15:55] {dino} out cetv .00, +.55
[15:55] {Threei} don't kid the kidder
[15:55] {dino} thats it
06[15:55] * Threei slaps GeoArb around a bit with a large trout
06[15:55] * GeoArb slaps dino around a bit with a large trout
[15:55] {GeoArb} 4x dino?
06[15:55] * magoo slaps dino around a bit with a large trout
06[15:55] * magoo slaps Threei around a bit with a large trout
06[15:55] * magoo slaps GeoArb around a bit with a large trout
[15:56] {Threei} trout rage
[15:56] {GeoArb} he is spreading the wealth
[15:56] {magoo} vad..u staying to watch goog show
[15:56] {dino} no, bit over 3x
[15:56] {GeoArb} nice
[15:56] {Threei} nah
[15:56] {dino} good enough tho. good week going
[15:56] {Threei} I have had overabundance of show lately
[15:56] {GeoArb} take more golf vacations :)
[15:56] {Threei} with market, with elections
[15:57] {GeoArb} man this election is tiring
[15:57] {dino} it seems to help. now how can i get wife and kids to understand that once a month i need 4 days of golf
[15:57] {Threei} GOOG can do without me... will leave charts ruinning though to look what happened
[15:57] {Threei} we just had ours Geo
[15:57] {GeoArb} yeah
[15:57] {GeoArb} so did the eskimos win?
[15:58] {Threei} and I participated a bit in our local MP campaign
[15:58] {Threei} very tight race, was somewhat unnerving
[15:58] {dino} lol 12 of 13 today
[15:58] {Threei} nice :)
[15:58] {Threei} OK guys, thank you all
[15:59] {Threei} have a great winning
[15:59] {GeoArb} thanks vad
[15:59] {hawkfan4} thx vad, all
[15:59] {Threei} another dayin the office tomorrow, with probale range of 800 points
[15:59] {magoo} ty boss
[16:00] {dino} 3i, i am going to respond to that the way i do when waitress asks, would you like another beer? i say, why not
[16:00] {Threei} lol
[16:01] {magoo} nutsariolla
[16:01] {magoo} 800 the norm
[16:01] {Threei} REPORTS Q3 $4.92 V $4.75E,
[16:01] {magoo} 350 range slow day
[16:01] {Threei} goog mags
[16:01] {magoo} yes
[16:01] {Threei} R $4.04B V $4.05BE
[16:01] {magoo} ty
Thursday, October 16, 2008
Wednesday, October 15, 2008
Oct 15 2008
Session Time: Wed Oct 15 00:00:00 2008
[07:57] {magoo} morn
[08:15] {Threei} Good morning
[08:31] {Threei} SEPT ADVANCE RETAIL SALES: -1.2% V -0.7%E; LESS AUTOS: -0.06% V -0.2%E
[08:31] {Threei} - Prior Advance Retail Sales revised from -0.3% to -0.04 %
[08:31] {Threei} - Prior Less Autos revised from -0.2% to -0.09%
[08:31] {Threei} - Note headline print was the largest drop since August, 2005
[08:33] {Threei} OCT EMPIRE MANUFACTURING: -24.6 V -10.0E
[08:33] {Threei} - No Revisions
[08:33] {Threei} - headline reading of -24.6 is lowest reading since Empire data began being kept in 2001
[08:33] {Threei} yikes
[08:43] {magoo} i thought auto numbers would be good
[08:43] {magoo} {not}
[08:43] {Threei} is there any kind of numbers that could be good at this time? :)
[08:49] {magoo} pullbk and then slow steady climb did not materialize yesterday...what u thinking today? is that it..just 1 up day in last 10?
[08:49] {Threei} one day does not a bull or bear market maketh
[08:50] {Threei} I beluieve with oil pressure off and trillions ready to pour in, we will see much more of that
[08:50] {cosmo} good help us all...
[08:52] {cosmo} LLTC good earnings but warns...
[08:57] {Onix} Good morning fellow travellers
[08:57] {Threei} onix :)
[08:58] {cosmo} always wear your helmet
[09:09] {dino} gm all
[09:09] {ese} good morning......
[09:09] {ese} dino
[09:09] {Threei} dino, ese :)
[09:10] {cosmo} LLTC 22 test ... at some point
[09:10] {ese} vad
[09:10] {Onix} hi dino, ese
[09:10] {dino} :)
[09:12] {hawkfan4} morning all
[09:12] {Threei} hawk :)
[09:12] {Onix} hi hawk
[09:13] {ese} onix....
[09:14] {hawkfan4} onix...:)
[09:14] {Threei} somewhat uneventful morning
[09:15] {dptl} good morning all
[09:15] {Threei} dp :)
[09:16] {Onix} hi dp
[09:16] {Onix} so we have a wee bit stronger minority government this morning hey Vad?
[09:16] {Threei} yup
[09:16] {Threei} for all practical intents and purposes, it's a majority
[09:17] {hawkfan4} gonna miss the open, back in a while, good luck
[09:17] {Onix} yes, the Liberals lost quite few seats this time
[09:18] {Threei} no two parties combined have enolugh votes to defeat he government
[09:18] {cosmo} patriarchs?
[09:18] {Threei} a lot of time will be needed for Libs to rebuild,
[09:19] {Threei} and no appetite for a new election for, let's say 3 years at least
[09:19] {Onix} yes corruption does major damage
[09:19] {Threei} meanwhile, Russian exchange is hatled
[09:20] {Onix} again!?
[09:20] {Threei} lately it spends more time halted than working
[09:20] {Threei} maybe people who run it just got an taste of sudden vacation
[09:20] {Onix} it opens only on up days?
[09:27] {dino} lol
[09:27] {dptl} lol
[09:27] {ese} OUCH.......Apple dumps intel for Navidia's much faster 9400GT chip set....5x better performance yet allows the battery to stay charged longer.....this is only a matter of time!
[09:28] {hawkfan4} ese, you still in NVDA?
[09:28] {ese} passed up Blue Ray as well.....
[09:29] {ese} yes with 2200 shs.....avg price 10.00 ...for the long haul
[09:30] {ese} this company has so much cash for R&D it's not funny.......
[09:30] {hawkfan4} cool beans, have full lot in long term acct from 6.92. long haul i hope
[09:31] {ese} nice HAWK......better than my position....but i'm considering more
[09:33] {dino} clf looking to fill gap
[09:34] {dino} someone slap me, is this a daytrading room or not?
[09:34] {Threei} GERN...
06[09:34] * Threei slaps dino around a bit with a large trout
[09:34] {Threei} happy to oblige
06[09:34] * hawkfan4 slaps dino around a bit with a large trout
[09:34] {dino} lol
06[09:34] * GeoArb slaps dino around a bit with a large trout
[09:34] {ese} for what dino.....
06[09:34] * GeoArb SHRUGS
[09:35] {dino} gotta say, gals on cnbc pleasant to look at today, especially w/volume off
[09:36] {Threei} lol
[09:36] {ese} focus dino focus!!!!
[09:37] {Threei} ftbk
[09:37] {dino} adtn sm l .50
[09:39] {ese} see an entry for GERN Vad?
[09:39] {Threei} hard to tell
[09:39] {Threei} this stock disappoints so regularly
[09:39] {ese} good enough reason for me to stay away
[09:39] {Threei} up from 2 in 4 days into today's news
[09:40] {Threei} and market is all but kind right now
[09:42] {Threei} somewhat listless market so far
[09:42] {Threei} waiting for something to shape up
[09:44] {ese} l Hcbk
[09:44] {ese} .32 1/2
[09:44] {Threei} UAUA for some reasin went into happiness state
[09:44] {Threei} watching in case of severe pullback
[09:45] {Threei} JBLU too
[09:45] {Threei} and DAL
[09:45] {Threei} what's with airlines?
[09:46] {GeoArb} oil dropped?
[09:46] {GeoArb} 76
[09:47] {Threei} they didn't really move with oil lately
[09:47] {GeoArb} oil was at 74.97 new low?
[09:48] {Threei} yup
[09:49] {ese} stop to .20 hcbk
[09:50] {ese} stop to .32 even hcbk
[09:51] {hawkfan4} NCC holding pretty nice
[09:51] {dino} ncc to be gobbled up like turkey on thanksgiving
[09:51] {ese} out Hcbk .55
[09:52] {ese} +.23
[09:52] {Threei} wtg
[09:52] {Onix} gj
[09:52] {ese} just like you diagram them
[09:52] {dino} gj
[09:54] {dino} dmnd gap filled
[09:55] {Threei} Long Setup: LLTC 21.10 if stays above 21
[09:56] {cosmo} slippery devel
[09:56] {Threei} out .33
[09:56] {dptl} ty lltc +.15
[09:56] {cosmo} devil?
[09:56] {Threei} welcome
[09:57] {GeoArb} out .39
[09:57] {ese} missed it......
[09:57] {Threei} :)
[09:57] {GeoArb} TY
[09:57] {Onix} missed it
[09:59] {dino} expe sm l .50, stop .11
[10:00] {Threei} *AUG BUSINESS INVENTORIES: 0.3% V 0.5%E
[10:01] {cosmo} ESLR needs to hold 3.90
[10:02] {Threei} MRVL
[10:02] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[10:02] {Threei} - TXN rumored as potential acquirer{TXN}
[10:04] {dino} adtn stop to .90
[10:04] {ese} well done on LLTC...those of you that got in
[10:04] {dino} out .94 +.44
[10:05] {GeoArb} HCBK ese? wow
[10:05] {Onix} gj dino
[10:05] {dino} ty
[10:07] {ese} ya ....look at that thing
[10:08] {ese} could have done one of Vads standard plays....sell 1/2....ride 1/2
[10:08] {dino} lod
[10:12] {GeoArb} WFC vad?
[10:12] {GeoArb} iym
[10:12] {Threei} don't see anything readable on WFC
[10:14] {ese} what was Gern news the other day Vad?
[10:14] {Threei} today
[10:14] {Threei} something about new results from their drug
[10:14] {dino} careful
[10:14] {dino} big move coming
[10:14] {ese} tks
[10:15] {Threei} ADBE
[10:15] {Onix} Vad, does your Level 2 screen still show the time?
[10:15] {Onix} seems like it got lost in the update
[10:15] {Threei} in T window?
[10:15] {ese} first time in along time that i've seen NVDA fight the tape a little
[10:15] {Threei} it does
[10:15] {GeoArb} click the number %
[10:16] {GeoArb} it flips to time
[10:16] {Onix} ty geo
[10:16] {Threei} watching ADBE for bounce with NQ
[10:16] {Threei} off .70
[10:17] {Threei} .75 long
[10:17] {Threei} .65 stop
[10:19] {Onix} in .72
[10:21] {dino} wow gap filling everywhere
[10:21] {dino} the only bright spot is todays open gap down
[10:21] {Threei} out ADBE .90
[10:22] {dino} gj
[10:25] {dino} jnj sm l .70
[10:25] {dino} stop .34
[10:27] {dino} qelp
[10:31] {Threei} ADBE was capable of more
[10:31] {hawkfan4} i smell a rally, aapl, rimm maybe good tells
[10:32] {Threei} onix, you still in?
[10:32] {Onix} took .25 on 200 still have 100 in
[10:33] {dino} afam sm l .40 gappy careful
[10:33] {dino} hawk that the scent of fear
[10:34] {hawkfan4} i love the smell of fear in the morning
[10:34] {GeoArb} how about wfc on upside now vad?
[10:34] {dino} :)
[10:35] {Threei} .50 break geo
[10:35] {Threei} worth a rty
[10:35] {Threei} wow
[10:35] {Threei} that was fast
[10:35] {Threei} maybe pullback
[10:35] {Onix} out ADBE @ 28.18
[10:35] {GeoArb} got it
[10:36] {Threei} wtg onix
[10:36] {GeoArb} all out
[10:36] {Onix} ty
[10:36] {GeoArb} .60 and .65
[10:36] {Onix} gj
[10:37] {Threei} pullbacks are to be bought today it feels
[10:37] {GeoArb} i guess i exited early
[10:37] {Threei} PLUG
[10:37] {Threei} SIGNS PARTNERSHIP AGREEMENT WITH RITTAL
[10:37] {Threei} - Rittal will integrate Plug Power's GenCore fuel cell technology into their enclosure to create the RiCell 5000. Rittal will manufacture these hydrogen fuel cell units for sale into the chemical production, traffic and tunnel infrastructure, information technology and telecommunications industries.
[10:37] {dino} clf sm l .40
[10:38] {GeoArb} 1.5 times daily so not complaining
[10:41] {Threei} NQ 50 break should launch next leg up
[10:41] {GeoArb} anyone in WFC?
[10:41] {dino} n
[10:41] {GeoArb} i should have scaled out better
[10:41] {GeoArb} scalped it
[10:43] {dino} clf stopped -.40
[10:43] {Threei} .81 long ADBE if stays above .70
[10:44] {GeoArb} what just happenned?
[10:44] {dino} new lod
[10:44] {GeoArb} yeah.... kinda sudden :)
[10:45] {GeoArb} adbe invalidated?
[10:45] {Threei} what do you think?? :)
[10:46] {Threei} US VP CHENEY REPORTEDLY TAKEN TO HOSPITAL TO TREAT AN ABNORMAL HEART RHYTHM
[10:46] {Chaeron} good morning all
[10:46] {GeoArb} hey chaer
[10:46] {Threei} chaeron :)
[10:46] {Onix} ty for ADBE Vad, goota go to my day-job ow, bye all
[10:47] {Threei} take care Onix
[10:47] {Chaeron} all ok Geo with the fires?
[10:47] {Chaeron} bye Onix
[10:47] {GeoArb} yeah much better TY
[10:47] {ese} CCCCCCHHHHH baby!!!!!!!
[10:47] {Chaeron} heeeeyyyyyy.... eseeeeeee
[10:47] {Chaeron} :))
[10:48] {Threei} VIX VOLATILITY INDEX BACK ABOVE 60
[10:48] {Threei} - the VIX has now been above 50 for 8 days
[10:48] {Chaeron} hmmm market down on VP Cheney news?
[10:48] {Threei} kind of strange reason for tank
[10:49] {magoo} most ferocious bear mkt i can remember
[10:53] {GeoArb} playing TIN n the ranges with NQ
[10:58] {GeoArb} TIN vad?
[11:00] {Threei} don't know about this one geo
[11:00] {GeoArb} ok
[11:01] {Threei} WFC holding relatively well
[11:01] {Threei} SEC WORKING WITH REGULATORS FOR CREATION OF A COUNTERPARTY IN CREDIT DEFAULT SWAPS
[11:02] {Threei} .50 break WFC
[11:03] {GeoArb} in
[11:03] {Threei} with any market recovery should do well
[11:03] {Threei} not that market is in a hurry to recover
[11:03] {GeoArb} :)
[11:03] {Threei} but look how this thing is fighting
[11:04] {GeoArb} was reading that WFC ceo only guy who protested about equity arrangement
[11:05] {Threei} offer half around .70
[11:05] {GeoArb} half out .67
[11:05] {Threei} and try to 35 with second half
[11:05] {Threei} closer to 35 that was
[11:06] {Threei} stop under b/e for the balance
[11:08] {peterg} hey all
[11:08] {Threei} peter :)
[11:08] {Chaeron} Hi peter
[11:08] {peterg} hi ch!
[11:09] {magoo} vad quote server
[11:09] {Threei} 4
[11:09] {magoo} ty
[11:11] {Threei} our friend and ally talking:
[11:11] {Threei} IRAQI OIL MINISTER: OPEC SHOULD CUT OUTPUT AT NOVEMBER MEETING
[11:15] {dino} real appreciative
[11:16] {GeoArb} as someone who has lived 18 years in that area
[11:16] {GeoArb} STAY AWAY
[11:17] {Threei} thanks Geo, we will
06[11:17] * Threei cancels his plans to move to Iraq
[11:17] {GeoArb} the whole area
06[11:17] * Threei cancels his plans to move to Middle East
[11:17] {Chaeron} I was thinking AbuDhabi
[11:17] {GeoArb} from gibralter to pretty much india
06[11:17] * Threei cancels his plans to move
[11:17] {GeoArb} lol
[11:17] {Threei} here comes our beloved WFC
[11:17] {GeoArb} youll have more fun in bahrain
[11:18] {GeoArb} or qatar
[11:18] {magoo} my quotes terrible anyone else
[11:18] {Threei} offering .95
[11:18] {Threei} hmm... fine here mags
[11:18] {GeoArb} i exited early... had an ummmm "call"
[11:18] {dino} will do geo, no desire to go there
[11:19] {Threei} ok, out .90
[11:19] {Threei} no desire to fight for 5 cents being up 40
[11:19] {Threei} anyone else took it or Geo is the only one having faith in me?
[11:20] {Threei} no single stop so far on today's calls
[11:20] {GeoArb} there you go ruining it
[11:20] {Threei} but noooo... you guys prefer to sleep through
[11:20] {GeoArb} excellent day vad
[11:20] {GeoArb} 2.5 times daily
[11:20] {patience} watching price of oil, wondering if it will be in the 60's by friday
[11:20] {Threei} nah Geo, just looking for excuse to say "I go back to bed"
[11:20] {GeoArb} hehehe
[11:20] {GeoArb} i have funny numbers
[11:20] {GeoArb} gross 666 ne 555
[11:20] {GeoArb} net
[11:21] {Threei} here is 35
[11:24] {dino} gj geo
[11:24] {Threei} market is dizzy with its recent ups and downs
[11:24] {GeoArb} sticking to the plan works..... thanks guys you are all good pacesetters
[11:24] {Threei} it lost a sense of orientation
[11:24] {Threei} what plan?
[11:24] {Threei} we have a plan?
[11:25] {GeoArb} no no
[11:25] {GeoArb} pls dont go into MPP
06[11:25] * GeoArb hides
[11:25] {Threei} I presonally just throw darts
[11:25] {Chaeron} man, I was worried there for a minute
[11:26] {GeoArb} dow 390
[11:26] {GeoArb} -
[11:26] {Threei} except rare days when I prefer tea leaves
[11:27] {GeoArb} as long as its darjeeling
06[11:27] * Chaeron used to throw darts, but broke to many monitors
[11:27] {Chaeron} too
[11:27] {GeoArb} lol
[11:27] {GeoArb} gotta get you the foam ones
[11:27] {Chaeron} oooooohhhhhhhh..............
[11:27] {Threei} but my secret weapon, and the most effective one, is
[11:27] {Threei} coffee residue
[11:27] {Chaeron} wait, let me guess... going short when I go long?
[11:27] {GeoArb} no wine legs?
[11:27] {Threei} it forms predictive patterns on the bottom of the cup
[11:32] {GeoArb} trow vad?
[11:33] {Threei} nah
[11:33] {Threei} intraday is short, daily is bounce
[11:33] {Threei} why guess which wins
[11:33] {GeoArb} isnt daily coming down?
[11:33] {Threei} it pulled back right into support on daily
[11:34] {Threei} on decreasing volume
[11:34] {Threei} typical bounce point
[11:34] {Threei} filled gap too
[11:34] {GeoArb} on increasing you mean
[11:34] {GeoArb} coming down on decreasing
[11:34] {Threei} ?
[11:34] {Threei} IT DECREASES ON MY CHART
[11:34] {Threei} oops
[11:34] {Chaeron} ok! ok!!!
[11:35] {Threei} sorry caps
[11:35] {GeoArb} :)
[11:35] {Chaeron} :)
[11:42] {dino} ice sm l .50, stop .99
[11:45] {Threei} EU REPORTEDLY CONSIDERING A 'SUPERVISOR' TO HANDLE THE LARGEST 30 FINANCIAL INSTITUTIONS WORLDWIDE, WILL ASK FOR REFORM OF BRETTON WOODS- UNCONFIRMED REPORT
[11:45] {Threei} I guess socialism will take over in Europe after all
[11:45] {dino} oh boy, not good, giving the politicians too much power
[11:46] {Chaeron} shhhhh dino... NancyP. is listening
[11:47] {dino} lol
[11:47] {dino} but c'mon, the will regulate banks to get votes....fnm, fre all over again
[11:48] {Threei} and will end just as badly
[11:48] {Threei} there is no way state could run this kind of things effectively
[11:48] {dino} i.e. you must make it easier for the guy who can't afford a house, to buy a house
[11:52] {GeoArb} hmmm wfc not shortable
[11:53] {Threei} good
[11:53] {Threei} one of stronger ones
[11:53] {Threei} better play bounces on it
[11:54] {GeoArb} was looking at .6 break
[11:54] {GeoArb} ok
[11:56] {patience} vad, i have the plumber coming to work all day at the house, $90 an hour, please just one smoking good trade for me :)
[11:56] {GeoArb} 90 an hour
[11:57] {GeoArb} amazing
[11:57] {GeoArb} i wonder why i went to college
[11:57] {patience} better go make him fresh coffee and snack to make sure he stays for the day
[11:58] {Threei} this I have two share
[11:58] {Threei} to
[11:59] {Threei} two banklers talk in the morning during world financial crisis
[11:59] {Threei} - how did you sleep tonight?
[11:59] {Threei} - like a baby
[11:59] {Threei} - really?
[11:59] {Threei} - yep... cried a few hours, and peed in my bed twice
[11:59] {hawkfan4} lol
[11:59] {GeoArb} :)
[12:00] {Threei} WFC should be good for bounce again
[12:01] {Threei} has potential to cover your plumber's charge, patience
[12:02] {Threei} .55 long if not losing .40 anymore
[12:02] {patience} ty, watching
[12:02] {Threei} if you took it on last dive, keep stop under .30
[12:05] {Threei} ummm
[12:05] {Threei} PREVIEW: FED CHAIRMAN BERNANKE SCHEDULED TO SPEAK ON THE ECONOMIC OUTLOOK AT 12:15PMET
[12:05] {Threei} - an advanced text and audience Q&A are expected.
[12:06] {Threei} I doubt he could inspire the market
[12:06] {dino} out ice .55 +1.05
[12:06] {Threei} wtg'
[12:06] {patience} nice dino
[12:07] {dino} ty
[12:07] {Chaeron} great one dino
[12:07] {dino} what you thinking about pot patience?
[12:08] {patience} i like it, my feeling is commodities going back up
[12:08] {patience} it's just bumping along at the bottom
[12:09] {patience} options expiry this week though
[12:09] {dino} 76.86 going to hold
[12:09] {GeoArb} wow
[12:09] {Threei} WFC hit 1:1
[12:09] {GeoArb} fast drop
[12:10] {Threei} pearls of wisdom from high above:
[12:10] {Threei} WHITE HOUSE SPOKESMAN: EXPECTS THAT THE ECONOMY WILL TAKE SOME TIME TO RECOVER, ECONOMY IS IN A "WEAK STATE" PRESENTLY
[12:10] {Threei} no really?
[12:11] {Threei} S&P: TREASURY'S RECAPITALIZATION PLAN MARKS A 'TURNING POINT' IN FINANCIAL CRISES
[12:14] {GeoArb} off to work'
[12:15] {GeoArb} thanks vad
[12:15] {Threei} good job geo
[12:15] {Threei} beating your goal every day
[12:15] {dino} gj geo
[12:15] {GeoArb} got half 1:1 and scratched rest
[12:15] {Threei} market sharp downtick
[12:15] {GeoArb} thanks
[12:15] {Threei} waiting things out
[12:20] {Threei} FED'S BERNANKE: FINANCIAL TURMOIL AND FUNDING PRESSURES AFFECTING GROWTH, WILL USE ALL TOOLS TO HANDLE CREDIT CRISIS, RECOVERY WILL NOT HAPPEN IMMEDIATELY EVEN IF MARKETS BECOME STEADY
[12:20] {Threei} - Housing main source of weakness for economy
[12:20] {Threei} - Govt measures could provide profit for Govt over time,
[12:20] {Threei} - Expects inflation rates to yield price stability, assisted by falling energy prices
[12:20] {dino} amzn 50 strike
[12:24] {dino} 75 strike ice
[12:24] {dino} 5s and 0s hitting
[12:24] {Threei} TIN new low
[12:24] {Threei} sheesh
[12:24] {dino} lod
[12:30] {Threei} told you market wasn't going to like benny
[12:31] {dino} .
[12:31] {dino} expe stopped .38 -.12
[12:36] {hawkfan4} fwiw 1313 on nq is 62% retracement of rally off the low, for all you fib fans
[12:37] {Threei} and bat ears formation in terms of coffeeresidue
[12:37] {hawkfan4} and mercury comes out of retrograde soon ;)
[12:37] {Threei} there
[12:38] {dino} ice sm l.30
[12:38] {Threei} now all we need is to come to the corssroad in full moon night, bury a bone of a rat in the middle of it and spit three times over left shoulder
[12:39] {Threei} saying "market market go up"
[12:39] {Threei} (and they say trading is tough)
[12:39] {hawkfan4} if it will spur another 1000 pt rally, i'm there
[12:40] {Threei} and you can count on magoo to bring beer
[12:40] {hawkfan4} great, all we need now is someone to bring the rat bone
[12:40] {dino} i'll get us some dancing girls
[12:41] {Threei} starts looking like party
[12:41] {hawkfan4} keeps getting better and better
[12:41] {ese} take care all see you tomorow.....
[12:41] {Threei} hesitated with WFC near 34 for bounce...
[12:41] {Threei} take care ese :)
[12:41] {Threei} market had this grim look of "I'll never get up again"
[12:42] {dino} heck of a reverse there
[12:42] {dino} later es
[12:46] {Threei} AIG
[12:46] {Threei} REPORTEDLY NY AG LOOKING AT OUTRAGEOUS SPENDING
[12:47] {dino} shocking
[12:48] {dino} pout ice .30, +1.00
[12:48] {dino} out
[12:50] {dino} hum-dee-dum
[12:54] {dino} a buck too soon ice
[12:54] {Threei} in ICE terms, it's nothing
[12:55] {Threei} WFC's resilience is amazing
[12:56] {dino} ironically, the office is out of ice
[12:56] {Threei} FED'S BERNANKE: FEDERAL RESERVE HAS AVOIDED MISTAKES OF 1930'S; WILL CONTINUE TO PURSUE DUAL MANDATE WITH MONETARY POLICY CURRENTLY 'ADEQUATE' - Q&A
[12:56] {Threei} - Remarks that inflation is continually moderating
[13:01] {Threei} WFC CEO: COMPANY CANNOT MAKE MORE ACQUISITIONS WITHIN BANKING SECTOR DUE TO DEPOSIT CAP
[13:09] {Threei} ADBE .35 long for bounce scalp
[13:09] {Threei} stop .25
[13:10] {Threei} F
[13:10] {Threei} REPORTEDLY ASKS TOYOTA AFFILIATE TO BUY MAZDA STAKE
[13:12] {Threei} new lows market
[13:16] {patience} plumber is wearing more gold jewellery than me...obvious who is driving up price of gold lol
[13:16] {Threei} lol
[13:16] {Threei} it's all plumbers fault
[13:16] {Threei} plumbers of the world, united
[13:17] {dino} watch out for plumbers' smile.....crack kills
[13:17] {dino} fwlt gap fill
[13:17] {Threei} market feels like it's waiting for something
[13:17] {patience} freefall or buying spree?
[13:18] {Threei} daily chart wise, pullback is almost over
[13:18] {Threei} about 20-30 points NQ more down to the gap fill
[13:19] {dino} wants -500 imo
[13:25] {dino} here we go
[13:25] {dino} 45 more
[13:25] {Threei} with recent inertia on such mioves, it will go through -500 like knife throug jellyfish
[13:25] {dino} close -250 or so imo
[13:25] {dino} ah hmm, hot knife thru butter
[13:26] {Threei} -500 is roughly gap fill on DJI too, right?
[13:26] {dino} at mondays' open give or take
[13:26] {Threei} yup
[13:27] {dino} no, 8450ish imo
[13:27] {Threei} wait
[13:27] {Threei} monday open or fri close?
[13:27] {dino} fri close
[13:27] {Threei} :)
[13:28] {dino} fri close 8,451 gap open mon. to8835
[13:37] {Threei} there
[13:37] {Threei} 500
[13:39] {dino} only 360 to go
[13:42] {dino} ice gap fill
[13:42] {Threei} oh oy
[13:43] {Threei} we have beidge book today
[13:43] {Threei} as if it could bring any good news
[13:43] {Threei} PREVIEW: FED'S BEIGE BOOK SURVEY OF REGIONAL ECONOMIC CONDITIONS TO BE RELEASED AT 2PMET
[13:43] {Threei} **reminder: the last Beige Book on 7/23 stated:
[13:43] {Threei} - US economy slowed somewhat, price pressures were elevated or rising in all Fed districts.
[13:43] {Threei} - Notes manufactures plan on raising prices, some firms cite difficulty in raising prices.
[13:43] {Threei} - Most districts see mixed weak or slowing consumer spending.
[13:43] {Threei} - Retail price inflation is varied, but input prices rose, particularly for fuel and petroluem based products.
[13:43] {Threei} - Wage pressures limited with soft labor market.
[13:43] {Threei} - Districts note bank loan growth as 'restrained.'
[13:46] {Threei} ADBE .85 long if stays above .70
[13:46] {Threei} double bottom confirmation
[13:51] {Threei} taking too long
[13:51] {Threei} not delighted
[13:54] {dino} drys sm l .00, stop lod
[13:59] {Threei} no worky ADBE
[14:00] {Threei} FED'S BEIGE BOOK: ECONOMIC ACTIVITY WEAKENED IN SEPT, CONSUMER SPENDING DECREASED IN MOST DISTRICTS, CREDIT TIGHTENED IN MOST REGIONS
[14:01] {Threei} - Commercial real estate activity weakned, housing weakened in most districts
[14:01] {dino} \another shocking report
[14:03] {Threei} - Inflationary pressures moderated in September, labor markets also weakened
[14:03] {Threei} - Non financial industry's activities have come down
[14:04] {dino} drys stopped
[14:04] {dino} -.42
[14:05] {Threei} it's a sit out market for now
[14:06] {Threei} no bounce develops well enough, tough to short remembering those out-of-nowhere rallies off lows
[14:15] {dino} only 300 more to go, should get that by eod or tomorrow open
[14:15] {dino} rimm 55 strike, see all the drag downs to the 5s and 0s w/fri exp
[14:15] {dino} aapl 100 strike
[14:16] {dino} drys 20
[14:16] {dino} ibm 90
[14:17] {dino} cme wants 355
[14:22] {Threei} FED'S BULLARD: US TAXPAYER WILL NOT SUFFER A COST NEAR THE $700B FIGURE, BAILOUT WILL NOT BE AS BAD AS SOME ARE FEARING
[14:30] {dino} v sm risky, l cme 2.01
[14:32] {dino} axys sm l .92 wide
[14:42] {Threei} OK... now market decided it'as time to squeeze?
[14:58] {Threei} so, let's place bets?
[14:58] {Threei} last hour, up or down?
[14:58] {Threei} magoo... you go first
[14:58] {dino} out cme 4.51, +2.50
[14:59] {Threei} wtg
[14:59] {hawkfan4} you da man
[14:59] {dino} out axys .02, +.10
[14:59] {dino} lucky
[15:01] {dino} last hour, ...pain
[15:01] {hawkfan4} and more pain
[15:01] {Threei} lol
[15:01] {Threei} aren't you guys are rays of hope
[15:02] {peterg} enough of the euphoria of Monday; lets reallhy shhow meaning of pain
[15:02] {peterg} but not all at once
[15:02] {Onix} OK I'm in for lunch ... how is it going?
[15:02] {dino} we're getting close. everybody i talk to is depressed
[15:03] {peterg} depresseed? I happy
[15:03] {dino} couple guys i know are putting off retiremenmt for a few more years
[15:03] {Threei} that's why I don't talk to anyone
[15:03] {peterg} retirement? work til drop
[15:03] {dino} no, no, no, just letting you know the dino meters
[15:03] {peterg} gotcha
[15:04] {dino} i'm w/you peter, work until i die i hope
[15:04] {dino} my mind would go crazy sitting around
[15:05] {dino} more so than it already is
[15:05] {peterg} eggzktly
[15:14] {dino} fcx sm l .23
[15:15] {Onix} no rhyme or reason or rhythm in this market
[15:18] {dino} pretty amazing really, wipe of 5 years in a month
[15:18] {dino} imo, crash
[15:18] {patience} fallout is starting to be ugly
[15:20] {dino} oh ohh
[15:21] {dino} whoosh coming
[15:21] {patience} i wonder if i could just give the plumber my gold necklaces
[15:21] {peterg} is a whoosh up or down?
[15:21] {dino} hmm i was wrong
[15:21] {peterg} or either way
[15:21] {Onix} you still have gold necklaces?
[15:22] {Threei} or not dino
[15:22] {dino} felt down
[15:22] {dino} que?
[15:22] {Threei} changes every few seconds
[15:22] {Threei} just wait a few and you'll be right again
[15:22] {peterg} rolling stones song wild horses
[15:22] {dino} yes...indeed
[15:23] {Threei} still marvel at WFC strength
[15:23] {Onix} Buffett propping it up?
[15:24] {dino} axys sm l .83
[15:25] {dino} feds are, releasing $
[15:26] {dino} certain banks are guaranteed
[15:26] {dino} c, bac, jpm, wfc, ...
[15:28] {Threei} 35 break on daily looks very tempting for it
[15:28] {dino} our local banks are refusing funds, don't want to pay 5%, listen to requests, etc...plus they are fine
[15:31] {dino} axys stopped
[15:32] {dino} fcx stopped -.37
[15:32] {Threei} half lot WFC long for a bounce if NQ turns
[15:34] {Threei} come on NQ... any optimism at all?
[15:34] {dino} ice sm l .25 risky
[15:34] {Threei} nope
[15:34] {Threei} or...
[15:35] {Threei} .11 in
[15:35] {Threei} stop under 34
[15:36] {Threei} no real conviction
[15:38] {Threei} out
[15:40] {Threei} market is holding at the gap fill level
[15:42] {Threei} hesitated at .70
[15:42] {Threei} too bad
[15:42] {Threei} nice jump from there
[15:44] {Threei} so far... pain was right, more pain was not
[15:44] {Threei} but we still have 15 minutes
[15:44] {peterg} I'm thinking the world needs more fear and terror yet
[15:44] {peterg} but not today
[15:44] {dino} v sm l aapl .25 swing
[15:45] {Threei} oil under 75?
[15:45] {hawkfan4} 74.35
[15:45] {Threei} nice
[15:46] {peterg} tomorrow friday monday will do just nicely
[15:46] {peterg} Besides, I have a press release prepared explaining fear as being reasonable, but it wont get used unless people are good and scared
[15:46] {dino} ok ppt time
[15:47] {dino} new lows
[15:48] {Threei} here comes woosh
[15:48] {Threei} hear the sound peter?
[15:48] {dino} -600
[15:48] {peterg} yep
[15:48] {dino} 250 to go
[15:48] {Threei} lol
[15:48] {peterg} you want 850?
[15:49] {peterg} naah staying around 6
[15:50] {peterg} insignificant 600 point drop
[15:50] {Threei} really
[15:50] {Threei} on a recent scales, what's 600 points between friends
[15:50] {dino} 250 to get to 8450
[15:50] {dino} gap
[15:50] {dino} pay attention
[15:50] {dino} :)
[15:51] {dino} tomorrow morning it will fill at open
[15:51] {peterg} you mean whoosh up?
[15:51] {peterg} or gap down to your 8450
06[15:52] * dino slaps peterg around a bit with a large trout
[15:52] {patience} why is magoo so quiet today?
[15:52] {peterg} am I not paying enough attention, Master?
[15:52] {dino} we gap down at open, fill the 8451 gap frpm fri, then proceed up to fill the open gap
[15:52] {dino} i mentioned this earlier
[15:53] {peterg} I must have been helicoptering in from the Pan Am bldg
[15:53] {peterg} to wall st.
[15:53] {dino} then only gaps remaining are above, i think?
[15:54] {peterg} yes
[15:54] {peterg} mois
[15:54] {peterg} i mean oui
[15:54] {dino} si
[15:54] {peterg} da
[15:55] {dino} only 200
[15:55] {dino} they may do it today
[15:55] {peterg} theyll have to sell fast
[15:56] {hawkfan4} that's not a problem
[15:56] {peterg} 800 drop would make news, dent moods
[15:56] {Threei} yeah, as if they don't know how to do that
[15:56] {peterg} coming up on 700
[15:56] {dino} out ice bad one -1.00 sm
[15:57] {peterg} pushed dow over
[15:57] {Threei} -700
[15:57] {Threei} 150 points in remaining 3 min - can they do that?
[15:58] {Threei} {they} oh yeah
[15:58] {peterg} coming
[15:58] {peterg} sort of like horse race
[15:58] {Threei} ugh, too bad we are out of time
[15:59] {Threei} this WFC selloff would be just what doctor prescribed
[15:59] {Threei} ADBE too
[15:59] {dptl} have a good evening all :)
[15:59] {Threei} take care dp
[15:59] {hawkfan4} i believe this counts as more pain ;})
[15:59] {dino} wow 80 pts
[16:00] {peterg} agree hawk
[16:01] {Threei} thank you all
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {hawkfan4} amazing
[16:01] {peterg} ok, have fun out there. til tomorrow
[16:01] {hawkfan4} cya vad, all
[07:57] {magoo} morn
[08:15] {Threei} Good morning
[08:31] {Threei} SEPT ADVANCE RETAIL SALES: -1.2% V -0.7%E; LESS AUTOS: -0.06% V -0.2%E
[08:31] {Threei} - Prior Advance Retail Sales revised from -0.3% to -0.04 %
[08:31] {Threei} - Prior Less Autos revised from -0.2% to -0.09%
[08:31] {Threei} - Note headline print was the largest drop since August, 2005
[08:33] {Threei} OCT EMPIRE MANUFACTURING: -24.6 V -10.0E
[08:33] {Threei} - No Revisions
[08:33] {Threei} - headline reading of -24.6 is lowest reading since Empire data began being kept in 2001
[08:33] {Threei} yikes
[08:43] {magoo} i thought auto numbers would be good
[08:43] {magoo} {not}
[08:43] {Threei} is there any kind of numbers that could be good at this time? :)
[08:49] {magoo} pullbk and then slow steady climb did not materialize yesterday...what u thinking today? is that it..just 1 up day in last 10?
[08:49] {Threei} one day does not a bull or bear market maketh
[08:50] {Threei} I beluieve with oil pressure off and trillions ready to pour in, we will see much more of that
[08:50] {cosmo} good help us all...
[08:52] {cosmo} LLTC good earnings but warns...
[08:57] {Onix} Good morning fellow travellers
[08:57] {Threei} onix :)
[08:58] {cosmo} always wear your helmet
[09:09] {dino} gm all
[09:09] {ese} good morning......
[09:09] {ese} dino
[09:09] {Threei} dino, ese :)
[09:10] {cosmo} LLTC 22 test ... at some point
[09:10] {ese} vad
[09:10] {Onix} hi dino, ese
[09:10] {dino} :)
[09:12] {hawkfan4} morning all
[09:12] {Threei} hawk :)
[09:12] {Onix} hi hawk
[09:13] {ese} onix....
[09:14] {hawkfan4} onix...:)
[09:14] {Threei} somewhat uneventful morning
[09:15] {dptl} good morning all
[09:15] {Threei} dp :)
[09:16] {Onix} hi dp
[09:16] {Onix} so we have a wee bit stronger minority government this morning hey Vad?
[09:16] {Threei} yup
[09:16] {Threei} for all practical intents and purposes, it's a majority
[09:17] {hawkfan4} gonna miss the open, back in a while, good luck
[09:17] {Onix} yes, the Liberals lost quite few seats this time
[09:18] {Threei} no two parties combined have enolugh votes to defeat he government
[09:18] {cosmo} patriarchs?
[09:18] {Threei} a lot of time will be needed for Libs to rebuild,
[09:19] {Threei} and no appetite for a new election for, let's say 3 years at least
[09:19] {Onix} yes corruption does major damage
[09:19] {Threei} meanwhile, Russian exchange is hatled
[09:20] {Onix} again!?
[09:20] {Threei} lately it spends more time halted than working
[09:20] {Threei} maybe people who run it just got an taste of sudden vacation
[09:20] {Onix} it opens only on up days?
[09:27] {dino} lol
[09:27] {dptl} lol
[09:27] {ese} OUCH.......Apple dumps intel for Navidia's much faster 9400GT chip set....5x better performance yet allows the battery to stay charged longer.....this is only a matter of time!
[09:28] {hawkfan4} ese, you still in NVDA?
[09:28] {ese} passed up Blue Ray as well.....
[09:29] {ese} yes with 2200 shs.....avg price 10.00 ...for the long haul
[09:30] {ese} this company has so much cash for R&D it's not funny.......
[09:30] {hawkfan4} cool beans, have full lot in long term acct from 6.92. long haul i hope
[09:31] {ese} nice HAWK......better than my position....but i'm considering more
[09:33] {dino} clf looking to fill gap
[09:34] {dino} someone slap me, is this a daytrading room or not?
[09:34] {Threei} GERN...
06[09:34] * Threei slaps dino around a bit with a large trout
[09:34] {Threei} happy to oblige
06[09:34] * hawkfan4 slaps dino around a bit with a large trout
[09:34] {dino} lol
06[09:34] * GeoArb slaps dino around a bit with a large trout
[09:34] {ese} for what dino.....
06[09:34] * GeoArb SHRUGS
[09:35] {dino} gotta say, gals on cnbc pleasant to look at today, especially w/volume off
[09:36] {Threei} lol
[09:36] {ese} focus dino focus!!!!
[09:37] {Threei} ftbk
[09:37] {dino} adtn sm l .50
[09:39] {ese} see an entry for GERN Vad?
[09:39] {Threei} hard to tell
[09:39] {Threei} this stock disappoints so regularly
[09:39] {ese} good enough reason for me to stay away
[09:39] {Threei} up from 2 in 4 days into today's news
[09:40] {Threei} and market is all but kind right now
[09:42] {Threei} somewhat listless market so far
[09:42] {Threei} waiting for something to shape up
[09:44] {ese} l Hcbk
[09:44] {ese} .32 1/2
[09:44] {Threei} UAUA for some reasin went into happiness state
[09:44] {Threei} watching in case of severe pullback
[09:45] {Threei} JBLU too
[09:45] {Threei} and DAL
[09:45] {Threei} what's with airlines?
[09:46] {GeoArb} oil dropped?
[09:46] {GeoArb} 76
[09:47] {Threei} they didn't really move with oil lately
[09:47] {GeoArb} oil was at 74.97 new low?
[09:48] {Threei} yup
[09:49] {ese} stop to .20 hcbk
[09:50] {ese} stop to .32 even hcbk
[09:51] {hawkfan4} NCC holding pretty nice
[09:51] {dino} ncc to be gobbled up like turkey on thanksgiving
[09:51] {ese} out Hcbk .55
[09:52] {ese} +.23
[09:52] {Threei} wtg
[09:52] {Onix} gj
[09:52] {ese} just like you diagram them
[09:52] {dino} gj
[09:54] {dino} dmnd gap filled
[09:55] {Threei} Long Setup: LLTC 21.10 if stays above 21
[09:56] {cosmo} slippery devel
[09:56] {Threei} out .33
[09:56] {dptl} ty lltc +.15
[09:56] {cosmo} devil?
[09:56] {Threei} welcome
[09:57] {GeoArb} out .39
[09:57] {ese} missed it......
[09:57] {Threei} :)
[09:57] {GeoArb} TY
[09:57] {Onix} missed it
[09:59] {dino} expe sm l .50, stop .11
[10:00] {Threei} *AUG BUSINESS INVENTORIES: 0.3% V 0.5%E
[10:01] {cosmo} ESLR needs to hold 3.90
[10:02] {Threei} MRVL
[10:02] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[10:02] {Threei} - TXN rumored as potential acquirer{TXN}
[10:04] {dino} adtn stop to .90
[10:04] {ese} well done on LLTC...those of you that got in
[10:04] {dino} out .94 +.44
[10:05] {GeoArb} HCBK ese? wow
[10:05] {Onix} gj dino
[10:05] {dino} ty
[10:07] {ese} ya ....look at that thing
[10:08] {ese} could have done one of Vads standard plays....sell 1/2....ride 1/2
[10:08] {dino} lod
[10:12] {GeoArb} WFC vad?
[10:12] {GeoArb} iym
[10:12] {Threei} don't see anything readable on WFC
[10:14] {ese} what was Gern news the other day Vad?
[10:14] {Threei} today
[10:14] {Threei} something about new results from their drug
[10:14] {dino} careful
[10:14] {dino} big move coming
[10:14] {ese} tks
[10:15] {Threei} ADBE
[10:15] {Onix} Vad, does your Level 2 screen still show the time?
[10:15] {Onix} seems like it got lost in the update
[10:15] {Threei} in T window?
[10:15] {ese} first time in along time that i've seen NVDA fight the tape a little
[10:15] {Threei} it does
[10:15] {GeoArb} click the number %
[10:16] {GeoArb} it flips to time
[10:16] {Onix} ty geo
[10:16] {Threei} watching ADBE for bounce with NQ
[10:16] {Threei} off .70
[10:17] {Threei} .75 long
[10:17] {Threei} .65 stop
[10:19] {Onix} in .72
[10:21] {dino} wow gap filling everywhere
[10:21] {dino} the only bright spot is todays open gap down
[10:21] {Threei} out ADBE .90
[10:22] {dino} gj
[10:25] {dino} jnj sm l .70
[10:25] {dino} stop .34
[10:27] {dino} qelp
[10:31] {Threei} ADBE was capable of more
[10:31] {hawkfan4} i smell a rally, aapl, rimm maybe good tells
[10:32] {Threei} onix, you still in?
[10:32] {Onix} took .25 on 200 still have 100 in
[10:33] {dino} afam sm l .40 gappy careful
[10:33] {dino} hawk that the scent of fear
[10:34] {hawkfan4} i love the smell of fear in the morning
[10:34] {GeoArb} how about wfc on upside now vad?
[10:34] {dino} :)
[10:35] {Threei} .50 break geo
[10:35] {Threei} worth a rty
[10:35] {Threei} wow
[10:35] {Threei} that was fast
[10:35] {Threei} maybe pullback
[10:35] {Onix} out ADBE @ 28.18
[10:35] {GeoArb} got it
[10:36] {Threei} wtg onix
[10:36] {GeoArb} all out
[10:36] {Onix} ty
[10:36] {GeoArb} .60 and .65
[10:36] {Onix} gj
[10:37] {Threei} pullbacks are to be bought today it feels
[10:37] {GeoArb} i guess i exited early
[10:37] {Threei} PLUG
[10:37] {Threei} SIGNS PARTNERSHIP AGREEMENT WITH RITTAL
[10:37] {Threei} - Rittal will integrate Plug Power's GenCore fuel cell technology into their enclosure to create the RiCell 5000. Rittal will manufacture these hydrogen fuel cell units for sale into the chemical production, traffic and tunnel infrastructure, information technology and telecommunications industries.
[10:37] {dino} clf sm l .40
[10:38] {GeoArb} 1.5 times daily so not complaining
[10:41] {Threei} NQ 50 break should launch next leg up
[10:41] {GeoArb} anyone in WFC?
[10:41] {dino} n
[10:41] {GeoArb} i should have scaled out better
[10:41] {GeoArb} scalped it
[10:43] {dino} clf stopped -.40
[10:43] {Threei} .81 long ADBE if stays above .70
[10:44] {GeoArb} what just happenned?
[10:44] {dino} new lod
[10:44] {GeoArb} yeah.... kinda sudden :)
[10:45] {GeoArb} adbe invalidated?
[10:45] {Threei} what do you think?? :)
[10:46] {Threei} US VP CHENEY REPORTEDLY TAKEN TO HOSPITAL TO TREAT AN ABNORMAL HEART RHYTHM
[10:46] {Chaeron} good morning all
[10:46] {GeoArb} hey chaer
[10:46] {Threei} chaeron :)
[10:46] {Onix} ty for ADBE Vad, goota go to my day-job ow, bye all
[10:47] {Threei} take care Onix
[10:47] {Chaeron} all ok Geo with the fires?
[10:47] {Chaeron} bye Onix
[10:47] {GeoArb} yeah much better TY
[10:47] {ese} CCCCCCHHHHH baby!!!!!!!
[10:47] {Chaeron} heeeeyyyyyy.... eseeeeeee
[10:47] {Chaeron} :))
[10:48] {Threei} VIX VOLATILITY INDEX BACK ABOVE 60
[10:48] {Threei} - the VIX has now been above 50 for 8 days
[10:48] {Chaeron} hmmm market down on VP Cheney news?
[10:48] {Threei} kind of strange reason for tank
[10:49] {magoo} most ferocious bear mkt i can remember
[10:53] {GeoArb} playing TIN n the ranges with NQ
[10:58] {GeoArb} TIN vad?
[11:00] {Threei} don't know about this one geo
[11:00] {GeoArb} ok
[11:01] {Threei} WFC holding relatively well
[11:01] {Threei} SEC WORKING WITH REGULATORS FOR CREATION OF A COUNTERPARTY IN CREDIT DEFAULT SWAPS
[11:02] {Threei} .50 break WFC
[11:03] {GeoArb} in
[11:03] {Threei} with any market recovery should do well
[11:03] {Threei} not that market is in a hurry to recover
[11:03] {GeoArb} :)
[11:03] {Threei} but look how this thing is fighting
[11:04] {GeoArb} was reading that WFC ceo only guy who protested about equity arrangement
[11:05] {Threei} offer half around .70
[11:05] {GeoArb} half out .67
[11:05] {Threei} and try to 35 with second half
[11:05] {Threei} closer to 35 that was
[11:06] {Threei} stop under b/e for the balance
[11:08] {peterg} hey all
[11:08] {Threei} peter :)
[11:08] {Chaeron} Hi peter
[11:08] {peterg} hi ch!
[11:09] {magoo} vad quote server
[11:09] {Threei} 4
[11:09] {magoo} ty
[11:11] {Threei} our friend and ally talking:
[11:11] {Threei} IRAQI OIL MINISTER: OPEC SHOULD CUT OUTPUT AT NOVEMBER MEETING
[11:15] {dino} real appreciative
[11:16] {GeoArb} as someone who has lived 18 years in that area
[11:16] {GeoArb} STAY AWAY
[11:17] {Threei} thanks Geo, we will
06[11:17] * Threei cancels his plans to move to Iraq
[11:17] {GeoArb} the whole area
06[11:17] * Threei cancels his plans to move to Middle East
[11:17] {Chaeron} I was thinking AbuDhabi
[11:17] {GeoArb} from gibralter to pretty much india
06[11:17] * Threei cancels his plans to move
[11:17] {GeoArb} lol
[11:17] {Threei} here comes our beloved WFC
[11:17] {GeoArb} youll have more fun in bahrain
[11:18] {GeoArb} or qatar
[11:18] {magoo} my quotes terrible anyone else
[11:18] {Threei} offering .95
[11:18] {Threei} hmm... fine here mags
[11:18] {GeoArb} i exited early... had an ummmm "call"
[11:18] {dino} will do geo, no desire to go there
[11:19] {Threei} ok, out .90
[11:19] {Threei} no desire to fight for 5 cents being up 40
[11:19] {Threei} anyone else took it or Geo is the only one having faith in me?
[11:20] {Threei} no single stop so far on today's calls
[11:20] {GeoArb} there you go ruining it
[11:20] {Threei} but noooo... you guys prefer to sleep through
[11:20] {GeoArb} excellent day vad
[11:20] {GeoArb} 2.5 times daily
[11:20] {patience} watching price of oil, wondering if it will be in the 60's by friday
[11:20] {Threei} nah Geo, just looking for excuse to say "I go back to bed"
[11:20] {GeoArb} hehehe
[11:20] {GeoArb} i have funny numbers
[11:20] {GeoArb} gross 666 ne 555
[11:20] {GeoArb} net
[11:21] {Threei} here is 35
[11:24] {dino} gj geo
[11:24] {Threei} market is dizzy with its recent ups and downs
[11:24] {GeoArb} sticking to the plan works..... thanks guys you are all good pacesetters
[11:24] {Threei} it lost a sense of orientation
[11:24] {Threei} what plan?
[11:24] {Threei} we have a plan?
[11:25] {GeoArb} no no
[11:25] {GeoArb} pls dont go into MPP
06[11:25] * GeoArb hides
[11:25] {Threei} I presonally just throw darts
[11:25] {Chaeron} man, I was worried there for a minute
[11:26] {GeoArb} dow 390
[11:26] {GeoArb} -
[11:26] {Threei} except rare days when I prefer tea leaves
[11:27] {GeoArb} as long as its darjeeling
06[11:27] * Chaeron used to throw darts, but broke to many monitors
[11:27] {Chaeron} too
[11:27] {GeoArb} lol
[11:27] {GeoArb} gotta get you the foam ones
[11:27] {Chaeron} oooooohhhhhhhh..............
[11:27] {Threei} but my secret weapon, and the most effective one, is
[11:27] {Threei} coffee residue
[11:27] {Chaeron} wait, let me guess... going short when I go long?
[11:27] {GeoArb} no wine legs?
[11:27] {Threei} it forms predictive patterns on the bottom of the cup
[11:32] {GeoArb} trow vad?
[11:33] {Threei} nah
[11:33] {Threei} intraday is short, daily is bounce
[11:33] {Threei} why guess which wins
[11:33] {GeoArb} isnt daily coming down?
[11:33] {Threei} it pulled back right into support on daily
[11:34] {Threei} on decreasing volume
[11:34] {Threei} typical bounce point
[11:34] {Threei} filled gap too
[11:34] {GeoArb} on increasing you mean
[11:34] {GeoArb} coming down on decreasing
[11:34] {Threei} ?
[11:34] {Threei} IT DECREASES ON MY CHART
[11:34] {Threei} oops
[11:34] {Chaeron} ok! ok!!!
[11:35] {Threei} sorry caps
[11:35] {GeoArb} :)
[11:35] {Chaeron} :)
[11:42] {dino} ice sm l .50, stop .99
[11:45] {Threei} EU REPORTEDLY CONSIDERING A 'SUPERVISOR' TO HANDLE THE LARGEST 30 FINANCIAL INSTITUTIONS WORLDWIDE, WILL ASK FOR REFORM OF BRETTON WOODS- UNCONFIRMED REPORT
[11:45] {Threei} I guess socialism will take over in Europe after all
[11:45] {dino} oh boy, not good, giving the politicians too much power
[11:46] {Chaeron} shhhhh dino... NancyP. is listening
[11:47] {dino} lol
[11:47] {dino} but c'mon, the will regulate banks to get votes....fnm, fre all over again
[11:48] {Threei} and will end just as badly
[11:48] {Threei} there is no way state could run this kind of things effectively
[11:48] {dino} i.e. you must make it easier for the guy who can't afford a house, to buy a house
[11:52] {GeoArb} hmmm wfc not shortable
[11:53] {Threei} good
[11:53] {Threei} one of stronger ones
[11:53] {Threei} better play bounces on it
[11:54] {GeoArb} was looking at .6 break
[11:54] {GeoArb} ok
[11:56] {patience} vad, i have the plumber coming to work all day at the house, $90 an hour, please just one smoking good trade for me :)
[11:56] {GeoArb} 90 an hour
[11:57] {GeoArb} amazing
[11:57] {GeoArb} i wonder why i went to college
[11:57] {patience} better go make him fresh coffee and snack to make sure he stays for the day
[11:58] {Threei} this I have two share
[11:58] {Threei} to
[11:59] {Threei} two banklers talk in the morning during world financial crisis
[11:59] {Threei} - how did you sleep tonight?
[11:59] {Threei} - like a baby
[11:59] {Threei} - really?
[11:59] {Threei} - yep... cried a few hours, and peed in my bed twice
[11:59] {hawkfan4} lol
[11:59] {GeoArb} :)
[12:00] {Threei} WFC should be good for bounce again
[12:01] {Threei} has potential to cover your plumber's charge, patience
[12:02] {Threei} .55 long if not losing .40 anymore
[12:02] {patience} ty, watching
[12:02] {Threei} if you took it on last dive, keep stop under .30
[12:05] {Threei} ummm
[12:05] {Threei} PREVIEW: FED CHAIRMAN BERNANKE SCHEDULED TO SPEAK ON THE ECONOMIC OUTLOOK AT 12:15PMET
[12:05] {Threei} - an advanced text and audience Q&A are expected.
[12:06] {Threei} I doubt he could inspire the market
[12:06] {dino} out ice .55 +1.05
[12:06] {Threei} wtg'
[12:06] {patience} nice dino
[12:07] {dino} ty
[12:07] {Chaeron} great one dino
[12:07] {dino} what you thinking about pot patience?
[12:08] {patience} i like it, my feeling is commodities going back up
[12:08] {patience} it's just bumping along at the bottom
[12:09] {patience} options expiry this week though
[12:09] {dino} 76.86 going to hold
[12:09] {GeoArb} wow
[12:09] {Threei} WFC hit 1:1
[12:09] {GeoArb} fast drop
[12:10] {Threei} pearls of wisdom from high above:
[12:10] {Threei} WHITE HOUSE SPOKESMAN: EXPECTS THAT THE ECONOMY WILL TAKE SOME TIME TO RECOVER, ECONOMY IS IN A "WEAK STATE" PRESENTLY
[12:10] {Threei} no really?
[12:11] {Threei} S&P: TREASURY'S RECAPITALIZATION PLAN MARKS A 'TURNING POINT' IN FINANCIAL CRISES
[12:14] {GeoArb} off to work'
[12:15] {GeoArb} thanks vad
[12:15] {Threei} good job geo
[12:15] {Threei} beating your goal every day
[12:15] {dino} gj geo
[12:15] {GeoArb} got half 1:1 and scratched rest
[12:15] {Threei} market sharp downtick
[12:15] {GeoArb} thanks
[12:15] {Threei} waiting things out
[12:20] {Threei} FED'S BERNANKE: FINANCIAL TURMOIL AND FUNDING PRESSURES AFFECTING GROWTH, WILL USE ALL TOOLS TO HANDLE CREDIT CRISIS, RECOVERY WILL NOT HAPPEN IMMEDIATELY EVEN IF MARKETS BECOME STEADY
[12:20] {Threei} - Housing main source of weakness for economy
[12:20] {Threei} - Govt measures could provide profit for Govt over time,
[12:20] {Threei} - Expects inflation rates to yield price stability, assisted by falling energy prices
[12:20] {dino} amzn 50 strike
[12:24] {dino} 75 strike ice
[12:24] {dino} 5s and 0s hitting
[12:24] {Threei} TIN new low
[12:24] {Threei} sheesh
[12:24] {dino} lod
[12:30] {Threei} told you market wasn't going to like benny
[12:31] {dino} .
[12:31] {dino} expe stopped .38 -.12
[12:36] {hawkfan4} fwiw 1313 on nq is 62% retracement of rally off the low, for all you fib fans
[12:37] {Threei} and bat ears formation in terms of coffeeresidue
[12:37] {hawkfan4} and mercury comes out of retrograde soon ;)
[12:37] {Threei} there
[12:38] {dino} ice sm l.30
[12:38] {Threei} now all we need is to come to the corssroad in full moon night, bury a bone of a rat in the middle of it and spit three times over left shoulder
[12:39] {Threei} saying "market market go up"
[12:39] {Threei} (and they say trading is tough)
[12:39] {hawkfan4} if it will spur another 1000 pt rally, i'm there
[12:40] {Threei} and you can count on magoo to bring beer
[12:40] {hawkfan4} great, all we need now is someone to bring the rat bone
[12:40] {dino} i'll get us some dancing girls
[12:41] {Threei} starts looking like party
[12:41] {hawkfan4} keeps getting better and better
[12:41] {ese} take care all see you tomorow.....
[12:41] {Threei} hesitated with WFC near 34 for bounce...
[12:41] {Threei} take care ese :)
[12:41] {Threei} market had this grim look of "I'll never get up again"
[12:42] {dino} heck of a reverse there
[12:42] {dino} later es
[12:46] {Threei} AIG
[12:46] {Threei} REPORTEDLY NY AG LOOKING AT OUTRAGEOUS SPENDING
[12:47] {dino} shocking
[12:48] {dino} pout ice .30, +1.00
[12:48] {dino} out
[12:50] {dino} hum-dee-dum
[12:54] {dino} a buck too soon ice
[12:54] {Threei} in ICE terms, it's nothing
[12:55] {Threei} WFC's resilience is amazing
[12:56] {dino} ironically, the office is out of ice
[12:56] {Threei} FED'S BERNANKE: FEDERAL RESERVE HAS AVOIDED MISTAKES OF 1930'S; WILL CONTINUE TO PURSUE DUAL MANDATE WITH MONETARY POLICY CURRENTLY 'ADEQUATE' - Q&A
[12:56] {Threei} - Remarks that inflation is continually moderating
[13:01] {Threei} WFC CEO: COMPANY CANNOT MAKE MORE ACQUISITIONS WITHIN BANKING SECTOR DUE TO DEPOSIT CAP
[13:09] {Threei} ADBE .35 long for bounce scalp
[13:09] {Threei} stop .25
[13:10] {Threei} F
[13:10] {Threei} REPORTEDLY ASKS TOYOTA AFFILIATE TO BUY MAZDA STAKE
[13:12] {Threei} new lows market
[13:16] {patience} plumber is wearing more gold jewellery than me...obvious who is driving up price of gold lol
[13:16] {Threei} lol
[13:16] {Threei} it's all plumbers fault
[13:16] {Threei} plumbers of the world, united
[13:17] {dino} watch out for plumbers' smile.....crack kills
[13:17] {dino} fwlt gap fill
[13:17] {Threei} market feels like it's waiting for something
[13:17] {patience} freefall or buying spree?
[13:18] {Threei} daily chart wise, pullback is almost over
[13:18] {Threei} about 20-30 points NQ more down to the gap fill
[13:19] {dino} wants -500 imo
[13:25] {dino} here we go
[13:25] {dino} 45 more
[13:25] {Threei} with recent inertia on such mioves, it will go through -500 like knife throug jellyfish
[13:25] {dino} close -250 or so imo
[13:25] {dino} ah hmm, hot knife thru butter
[13:26] {Threei} -500 is roughly gap fill on DJI too, right?
[13:26] {dino} at mondays' open give or take
[13:26] {Threei} yup
[13:27] {dino} no, 8450ish imo
[13:27] {Threei} wait
[13:27] {Threei} monday open or fri close?
[13:27] {dino} fri close
[13:27] {Threei} :)
[13:28] {dino} fri close 8,451 gap open mon. to8835
[13:37] {Threei} there
[13:37] {Threei} 500
[13:39] {dino} only 360 to go
[13:42] {dino} ice gap fill
[13:42] {Threei} oh oy
[13:43] {Threei} we have beidge book today
[13:43] {Threei} as if it could bring any good news
[13:43] {Threei} PREVIEW: FED'S BEIGE BOOK SURVEY OF REGIONAL ECONOMIC CONDITIONS TO BE RELEASED AT 2PMET
[13:43] {Threei} **reminder: the last Beige Book on 7/23 stated:
[13:43] {Threei} - US economy slowed somewhat, price pressures were elevated or rising in all Fed districts.
[13:43] {Threei} - Notes manufactures plan on raising prices, some firms cite difficulty in raising prices.
[13:43] {Threei} - Most districts see mixed weak or slowing consumer spending.
[13:43] {Threei} - Retail price inflation is varied, but input prices rose, particularly for fuel and petroluem based products.
[13:43] {Threei} - Wage pressures limited with soft labor market.
[13:43] {Threei} - Districts note bank loan growth as 'restrained.'
[13:46] {Threei} ADBE .85 long if stays above .70
[13:46] {Threei} double bottom confirmation
[13:51] {Threei} taking too long
[13:51] {Threei} not delighted
[13:54] {dino} drys sm l .00, stop lod
[13:59] {Threei} no worky ADBE
[14:00] {Threei} FED'S BEIGE BOOK: ECONOMIC ACTIVITY WEAKENED IN SEPT, CONSUMER SPENDING DECREASED IN MOST DISTRICTS, CREDIT TIGHTENED IN MOST REGIONS
[14:01] {Threei} - Commercial real estate activity weakned, housing weakened in most districts
[14:01] {dino} \another shocking report
[14:03] {Threei} - Inflationary pressures moderated in September, labor markets also weakened
[14:03] {Threei} - Non financial industry's activities have come down
[14:04] {dino} drys stopped
[14:04] {dino} -.42
[14:05] {Threei} it's a sit out market for now
[14:06] {Threei} no bounce develops well enough, tough to short remembering those out-of-nowhere rallies off lows
[14:15] {dino} only 300 more to go, should get that by eod or tomorrow open
[14:15] {dino} rimm 55 strike, see all the drag downs to the 5s and 0s w/fri exp
[14:15] {dino} aapl 100 strike
[14:16] {dino} drys 20
[14:16] {dino} ibm 90
[14:17] {dino} cme wants 355
[14:22] {Threei} FED'S BULLARD: US TAXPAYER WILL NOT SUFFER A COST NEAR THE $700B FIGURE, BAILOUT WILL NOT BE AS BAD AS SOME ARE FEARING
[14:30] {dino} v sm risky, l cme 2.01
[14:32] {dino} axys sm l .92 wide
[14:42] {Threei} OK... now market decided it'as time to squeeze?
[14:58] {Threei} so, let's place bets?
[14:58] {Threei} last hour, up or down?
[14:58] {Threei} magoo... you go first
[14:58] {dino} out cme 4.51, +2.50
[14:59] {Threei} wtg
[14:59] {hawkfan4} you da man
[14:59] {dino} out axys .02, +.10
[14:59] {dino} lucky
[15:01] {dino} last hour, ...pain
[15:01] {hawkfan4} and more pain
[15:01] {Threei} lol
[15:01] {Threei} aren't you guys are rays of hope
[15:02] {peterg} enough of the euphoria of Monday; lets reallhy shhow meaning of pain
[15:02] {peterg} but not all at once
[15:02] {Onix} OK I'm in for lunch ... how is it going?
[15:02] {dino} we're getting close. everybody i talk to is depressed
[15:03] {peterg} depresseed? I happy
[15:03] {dino} couple guys i know are putting off retiremenmt for a few more years
[15:03] {Threei} that's why I don't talk to anyone
[15:03] {peterg} retirement? work til drop
[15:03] {dino} no, no, no, just letting you know the dino meters
[15:03] {peterg} gotcha
[15:04] {dino} i'm w/you peter, work until i die i hope
[15:04] {dino} my mind would go crazy sitting around
[15:05] {dino} more so than it already is
[15:05] {peterg} eggzktly
[15:14] {dino} fcx sm l .23
[15:15] {Onix} no rhyme or reason or rhythm in this market
[15:18] {dino} pretty amazing really, wipe of 5 years in a month
[15:18] {dino} imo, crash
[15:18] {patience} fallout is starting to be ugly
[15:20] {dino} oh ohh
[15:21] {dino} whoosh coming
[15:21] {patience} i wonder if i could just give the plumber my gold necklaces
[15:21] {peterg} is a whoosh up or down?
[15:21] {dino} hmm i was wrong
[15:21] {peterg} or either way
[15:21] {Onix} you still have gold necklaces?
[15:22] {Threei} or not dino
[15:22] {dino} felt down
[15:22] {dino} que?
[15:22] {Threei} changes every few seconds
[15:22] {Threei} just wait a few and you'll be right again
[15:22] {peterg} rolling stones song wild horses
[15:22] {dino} yes...indeed
[15:23] {Threei} still marvel at WFC strength
[15:23] {Onix} Buffett propping it up?
[15:24] {dino} axys sm l .83
[15:25] {dino} feds are, releasing $
[15:26] {dino} certain banks are guaranteed
[15:26] {dino} c, bac, jpm, wfc, ...
[15:28] {Threei} 35 break on daily looks very tempting for it
[15:28] {dino} our local banks are refusing funds, don't want to pay 5%, listen to requests, etc...plus they are fine
[15:31] {dino} axys stopped
[15:32] {dino} fcx stopped -.37
[15:32] {Threei} half lot WFC long for a bounce if NQ turns
[15:34] {Threei} come on NQ... any optimism at all?
[15:34] {dino} ice sm l .25 risky
[15:34] {Threei} nope
[15:34] {Threei} or...
[15:35] {Threei} .11 in
[15:35] {Threei} stop under 34
[15:36] {Threei} no real conviction
[15:38] {Threei} out
[15:40] {Threei} market is holding at the gap fill level
[15:42] {Threei} hesitated at .70
[15:42] {Threei} too bad
[15:42] {Threei} nice jump from there
[15:44] {Threei} so far... pain was right, more pain was not
[15:44] {Threei} but we still have 15 minutes
[15:44] {peterg} I'm thinking the world needs more fear and terror yet
[15:44] {peterg} but not today
[15:44] {dino} v sm l aapl .25 swing
[15:45] {Threei} oil under 75?
[15:45] {hawkfan4} 74.35
[15:45] {Threei} nice
[15:46] {peterg} tomorrow friday monday will do just nicely
[15:46] {peterg} Besides, I have a press release prepared explaining fear as being reasonable, but it wont get used unless people are good and scared
[15:46] {dino} ok ppt time
[15:47] {dino} new lows
[15:48] {Threei} here comes woosh
[15:48] {Threei} hear the sound peter?
[15:48] {dino} -600
[15:48] {peterg} yep
[15:48] {dino} 250 to go
[15:48] {Threei} lol
[15:48] {peterg} you want 850?
[15:49] {peterg} naah staying around 6
[15:50] {peterg} insignificant 600 point drop
[15:50] {Threei} really
[15:50] {Threei} on a recent scales, what's 600 points between friends
[15:50] {dino} 250 to get to 8450
[15:50] {dino} gap
[15:50] {dino} pay attention
[15:50] {dino} :)
[15:51] {dino} tomorrow morning it will fill at open
[15:51] {peterg} you mean whoosh up?
[15:51] {peterg} or gap down to your 8450
06[15:52] * dino slaps peterg around a bit with a large trout
[15:52] {patience} why is magoo so quiet today?
[15:52] {peterg} am I not paying enough attention, Master?
[15:52] {dino} we gap down at open, fill the 8451 gap frpm fri, then proceed up to fill the open gap
[15:52] {dino} i mentioned this earlier
[15:53] {peterg} I must have been helicoptering in from the Pan Am bldg
[15:53] {peterg} to wall st.
[15:53] {dino} then only gaps remaining are above, i think?
[15:54] {peterg} yes
[15:54] {peterg} mois
[15:54] {peterg} i mean oui
[15:54] {dino} si
[15:54] {peterg} da
[15:55] {dino} only 200
[15:55] {dino} they may do it today
[15:55] {peterg} theyll have to sell fast
[15:56] {hawkfan4} that's not a problem
[15:56] {peterg} 800 drop would make news, dent moods
[15:56] {Threei} yeah, as if they don't know how to do that
[15:56] {peterg} coming up on 700
[15:56] {dino} out ice bad one -1.00 sm
[15:57] {peterg} pushed dow over
[15:57] {Threei} -700
[15:57] {Threei} 150 points in remaining 3 min - can they do that?
[15:58] {Threei} {they} oh yeah
[15:58] {peterg} coming
[15:58] {peterg} sort of like horse race
[15:58] {Threei} ugh, too bad we are out of time
[15:59] {Threei} this WFC selloff would be just what doctor prescribed
[15:59] {Threei} ADBE too
[15:59] {dptl} have a good evening all :)
[15:59] {Threei} take care dp
[15:59] {hawkfan4} i believe this counts as more pain ;})
[15:59] {dino} wow 80 pts
[16:00] {peterg} agree hawk
[16:01] {Threei} thank you all
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {hawkfan4} amazing
[16:01] {peterg} ok, have fun out there. til tomorrow
[16:01] {hawkfan4} cya vad, all
Tuesday, October 14, 2008
Oct 14 2008
Session Time: Tue Oct 14 00:00:00 2008
[08:07] {Threei} (US) PRESIDENT BUSH : US IS TAKING UNPRECEDENTED , SUBSTANTIAL STEPS TO SHORE UP FINANCIAL SYSTEM, CONFIRMS EARLIER REPORTS
[08:07] {Threei} -FDIC will temporarily expan government insurance
[08:08] {Threei} - Will use part of $700B granted under TARP to help banks
[08:09] {Threei} -Capital injection is essential short term measure
[08:22] {magoo} morn
[08:22] {hawkfan4} squeezy morning all
[08:22] {Threei} lol... good morning
[08:22] {Threei} giant squid
[08:31] {Threei} US TREASURY RELEASES EQUITY PURCHASE PLAN
[08:32] {Threei} US FED'S BERNANKE: PRESSING FORWARD WITH COMMERCIAL PAPER PLAN
[08:32] {Threei} US TREASURY SEC PAULSON URGES BANKS TO DEPLOY CAPITAL
[08:32] {Threei} I feel like I am not doing my part
06[08:33] * Threei orders economy to start fnctioning well
[08:33] {Threei} there... now I've joined the chorus
[08:33] {hawkfan4} lol, you're off the hook now
[08:37] {Threei} - US Treasury equity purchases will be up to $250B in 9 banks; expects 'thousands more'
[08:37] {Threei} - Paulson tells banks to 'deploy' capital, not 'hoard it'
[08:38] {Threei} it's not like they don't want to
[08:38] {Threei} they are just scared to death to lend without knowing what possible nightmares may hide other bank's balance sheet
[08:40] {Threei} FDIC OFFICIALLY ANNOUCES TEMPORARY LIQUIDITY GUARANTEE PROGRAM
[08:40] {hawkfan4} the market will never go down again apparently
[08:40] {Threei} nope
[08:41] {hawkfan4} amazeable
[08:43] {magoo} thoughts for today boss?
[08:43] {Threei} more of the same
[08:44] {Threei} probably not 1000 points
[08:44] {magoo} i think it will be harder because of some profit taking...any thoughts
[08:44] {Threei} maybe
[08:45] {magoo} but pullbacks i think will be deeper today than yesterday...what u think on that?
[08:45] {Threei} I don't know
[08:46] {Threei} could be, could be not
[08:46] {magoo} thhat does it right there...................
06[08:46] * magoo slaps Threei around a bit with a large trout
[08:46] {Threei} ah admit it, you just wanted an excuse
[08:46] {magoo} tru dat
[08:47] {Threei} US TREASURY SEC PAULSON: WE MUST GET CREDIT FLOWING AGAIN AND OVERCOME THE LACK OF CONFIDENCE IN THE FINANCIAL SYSTEM
[08:47] {Threei} - We regret taking these actions, they are something we never wanted to do. But the alternative is totally unacceptible.
[08:53] {magoo} vad..u think the open will be bought or sold?
[08:53] {dino} gm all
[08:53] {Threei} dino :)
[08:53] {magoo} i am just trying to tap into your experience..i know no one knows
[08:53] {Threei} my feeling is, shallow pullback, stall, then resumption of upward crawl
[08:54] {cosmo} 'totally unacceptible' may jsut be a basis for negotiation
[08:54] {Onix} Good morning all
[08:54] {magoo} nice response
[08:54] {cosmo} just
[08:54] {Threei} onix :)
[08:54] {cosmo} .... at some point
[08:55] {Threei} yeah cosmo... "Your position is totally unacceptable. Now let's negotiate"
[08:55] {dino} my opinion magoo. anything can and will happen. react, don't anticipate
[08:56] {Threei} as they used to say in Soviet Union, "So what your positive answer is going to be?"
[08:56] {cosmo} k.... were's my meds...
[08:56] {magoo} u miss anything about home vad?
[08:57] {dino} the women i bet
[08:57] {ese} good morning and appologies....not sure if I said good bye befoe signing off yesterday....
[08:57] {Threei} ese :)
[08:57] {magoo} russian women are prettiest on planet
[08:57] {dino} es to the corner, you're in time out today
[08:57] {ese} Danish!!!!
[08:57] {magoo} U DIDN'T
[08:57] {Threei} considering that this exchange is going to become public, I'll take the fifth
06[08:57] * magoo slaps ese around a bit with a large trout
[08:57] {ese} Tall..... Blond.....
[08:58] {cosmo} fifth of vodka?
[08:58] {ese} ouch.....
[08:59] {Threei} vodka is not taken in fractions
[08:59] {Threei} vodka is measured in bul'bul' s
[09:00] {Threei} you know the sound it makes when you pour it?
[09:00] {cosmo} splash?
[09:00] {Threei} bottle contains 21 bul' bul'... if you divide it by three, pour 7 bul' bul's in each glass, and it's going to be fair division
[09:00] {magoo} no..but i recognize sound of chugging it lol
[09:01] {Threei} anyway, dptl knows what I am talking about
[09:01] {Threei} he will confirm when he wakes up
[09:01] {cosmo} hmm ....7
[09:03] {Threei} Paulson - Pledges to ban golden parachutes for executives while the government has equity in banks
[09:03] {cosmo} they're moving to the platnum parachute ... i think
[09:08] {dino} they should give them "rocks", like charlie brown gets
[09:10] {GeoArb} gm
[09:10] {GeoArb} http://online.wsj.com/article/SB122394318763531045.html
[09:10] {Threei} Geo :)
[09:10] {GeoArb} big hedge fnds used yesterday to cash out
[09:12] {Threei} article makes no sense whatsoever
[09:13] {GeoArb} :0
06[09:13] * GeoArb is just the messenger
[09:18] {Threei} COIN
[09:18] {Threei} SIGNS STRATEGIC PACT WITH SIMPLOT PARTNERS TO SERVICE GOLF COURSES IN THE WESTERN US
[09:18] {Threei} - Company has entered into a strategic relationship with Simplot Partners, a major distributor of proprietary fertilizers and turf maintenance products to the golf marketplace, to distribute the Company's all-natural liquid and granular fertilizers and liquid soil amendment product to the professional turf market throughout the western United States.
[09:18] {Threei} - The deal provides COIN with the opportunity to sell its line of organic turf fertilizer and soil amendment products to a large customer base of approximately 2,500 golf courses through a well-established distributor.
[09:19] {Threei} CAAS
[09:19] {Threei} RECEIVES ORDERS FROM DONGFENG PEUGEOT CITROEN ON NEW CAR MODEL
[09:19] {Threei} - Subsidiary, Jingzhou Henglong Automotive Parts Co. ("Henglong"), has received orders from Dongfeng Peugeot Citroen Automobile Company Ltd. ("DPCA") for power steering gears for the Dongfeng Elysee.
[09:22] {dptl} good morning all
[09:22] {Threei} dp :)
[09:23] {Threei} now that you woke up... scroll up and confirm my explanation about vodka measurement units please
[09:25] {Threei} NCC, that's some gap
[09:26] {peterg} hxexlxlxox
[09:27] {peterg} x-code
[09:27] {magoo} u stalkintg ADBE?
[09:27] {Threei} I'll take it as a good morning
[09:27] {peterg} right
[09:27] {peterg} good morning, in case doubt
[09:27] {Threei} after some pullback, mags, not right away
[09:27] {magoo} yup
[09:29] {Threei} maybe NCC pulls its old trick and drops to 2.60 - 2.80 at the open
[09:29] {Threei} will be worth a buy
[09:31] {dino} need coffee
[09:31] {Threei} Long Setup: DELL .71
[09:31] {Threei} if stays above .55
[09:33] {Threei} NCC
[09:33] {Threei} sharp down
[09:35] {patience} little bit of a pop on the tsx +1603
[09:35] {Threei} lol
[09:38] {GeoArb} JASO
[09:38] {Threei} FITB lost its mind
[09:40] {dino} gaps all over, crazy markets
[09:41] {ese} watching FITB
[09:41] {ese} sorry vad just saw that you were onto it as well
[09:42] {Threei} REP FRANK: TREASURY PLAN COULD ALSO HELP GM BY PURCHASING AUTO LOANS AS DISTRESSED ASSETS
[09:43] {GeoArb} can we help them all
[09:43] {Onix} the treasury can just as well buy everything, why not?
[09:43] {GeoArb} YRCW
[09:44] {Onix} the USA has such a great balance sheet
[09:46] {Threei} FITB should become interesting on selloff under 13
[09:47] {Threei} 13 break worth a try
[09:47] {Threei} stop under 12.80
[09:47] {dino} v sm risky v wide cme s 11.00
[09:49] {Threei} out FITB .32 and .34
[09:49] {ese} missed it vad...fitb
[09:51] {Threei} Long Setup: DELL .15
[09:51] {Threei} if stays above 15
[09:53] {ese} market heading down DELL following
[09:54] {ese} same with NVDA
[09:55] {dino} cover4 cme 07, +4.00
[09:55] {hawkfan4} nice
[09:56] {dino} ty
[09:56] {dino} way soon
[09:59] {Threei} time tyo start bottom hunting
[10:00] {hawkfan4} gap filled
[10:00] {dino} amzn?
[10:00] {Threei} DELL as close to .50 as you can get
[10:01] {Threei} if no pullback anymore, .71
[10:01] {Onix} in .71
[10:02] {Threei} stop for scalpers under .60, for a day trade under .50
[10:03] {Threei} scalpers have 1:1
[10:03] {Threei} daytraders too
[10:07] {Threei} EU'S JUNCKER: THERE IS NO REASON TO SAY THAT THE FINANCIAL CRISIS IS OVER, WARNS AGAINST "EXAGGERATED OPTIMISM"
[10:07] {Threei} party pooper
[10:07] {GeoArb} i guess he is named right
[10:09] {dino} s cme vsm, wide
[10:09] {dino} 0.62
[10:11] {magoo} laser dcc
[10:12] {dino} cov 398.62, +2.00
[10:12] {hawkfan4} D
[10:12] {hawkfan4} I
[10:12] {hawkfan4} N
[10:12] {hawkfan4} O
[10:12] {dino} too soon again, thing is whippy
[10:12] {dino} h
[10:12] {dino} a
[10:12] {dino} w
[10:12] {dino} k
[10:13] {hawkfan4} :)
[10:13] {Threei} Long Setup: NCC 3.11, stop under 3
[10:14] {Threei} Long Setup: DELL .61, stop under .50
[10:16] {Threei} ok market, let's start upward
[10:17] {Threei} good boy
[10:18] {Threei} half out DELL .76
[10:19] {Threei} scalpers have 1.5:1
[10:24] {GeoArb} all out .74
[10:27] {Threei} half out NCC .23
[10:27] {GeoArb} ooh
[10:27] {GeoArb} missed nc
[10:28] {Threei} 5K play
[10:28] {Onix} ty Vad, .20 in NCC
[10:28] {Threei} stop to .19
[10:28] {Threei} looking to exit balance above .30
[10:30] {Threei} whatever, out .29
[10:30] {hawkfan4} lol
[10:30] {Threei} too nice gain for a big position to risk a pullback
[10:31] {Threei} everyone happy so far?
[10:31] {Threei} nobody's counting but 3 for 3
06[10:31] * GeoArb doesnt count
[10:31] {Chaeron} Good morning....
[10:32] {Threei} chaeron :)
[10:32] {Threei} wow NCC
[10:32] {Threei} come on
[10:32] {Chaeron} ya gotta count for something Geo :)
[10:32] {Threei} pull back
[10:32] {GeoArb} :)
[10:33] {Threei} is anyone but Geo and Onix even trading?
[10:33] {Threei} or I can go home?
[10:33] {GeoArb} they are too busy shovelling money
[10:33] {Chaeron} I'm here... let's roll
[10:33] {hawkfan4} still in NCC from .08
[10:33] {GeoArb} ah crap
[10:33] {Threei} oh boy
[10:33] {Chaeron} nice hawk
[10:33] {GeoArb} wtg hawk
[10:34] {hawkfan4} thx
[10:34] {Threei} hawk, you'll cause me heart attack some day :)
[10:34] {hawkfan4} :) lol
06[10:34] * GeoArb thinks hawk works for IRS
[10:35] {dino} i'm here, just a bit confused
[10:35] {peterg} brief check from day job--looks like you are having fun
[10:35] {Threei} what fun... we are deeply ashamed of ourselves peter
[10:35] {Threei} making money when whole world suffers
[10:35] {peterg} yes, i read 3 for 3
[10:36] {Threei} we are crying, hiding our eyes
[10:36] {GeoArb} with dollar bills
[10:36] {peterg} wish to join the misery
[10:36] {Threei} but can't fight our capitalist pig nature
[10:36] {peterg} reality forever!
[10:39] {dino} dji wants flat to neg imo
[10:41] {dino} watching ice, amzn, clf jpm
[10:41] {Threei} lety me show you ultimate definition of denial
[10:41] {Threei} FDIC'S BAIR: US BANKS ARE 'HEALTHY' - CNBC INTERVIEW
[10:41] {GeoArb} they just want free injections in their eyeballs
[10:42] {Threei} {US BANKS} cough cough... yes we are... aaapchooo!
[10:42] {Threei} NCC must have heard it was healthy
[10:42] {Threei} FDIC'S BAIR: US BANKS ARE 'HEALTHY' , YET A FEW REMAIN THEY ARE 'NOT VIABLE' - CNBC INTERVIEW
[10:43] {Onix} they are so healthy that the govenment wants in now
[10:43] {GeoArb} heheh onix
[10:43] {Threei} yup
[10:43] {Threei} took a quick scalp NCC .10 - .19
[10:43] {Threei} not sure I want in again
[10:43] {Threei} gotta wait out this big swing
[10:43] {dino} neg dji
[10:44] {Threei} FED REPORTEDLY SELECTS PIMCO AS ASSET MANAGER FOR COMMERCIAL PAPER FACILITY
[10:44] {Threei} hawk... tell me you secured at least part odf that move
[10:45] {hawkfan4} oh yes, sold 1/2 .42, rest .36
06[10:46] * Threei high-fives hawk
[10:46] {GeoArb} ok we going down
[10:46] {GeoArb} ?
[10:46] {patience} retest of low?
[10:46] {dino} ice sm s break ,50
[10:46] {dino} wild one careful
[10:46] {Threei} only until trillions sitting on a sidelines decide they got prices good enough for another, ummm, injection
[10:47] {dino} gj hawk
[10:48] {GeoArb} oil at lows
[10:48] {GeoArb} in fact i guess oil doesnt matter
[10:48] {dino} ice no trig
[10:48] {dino} cx idea
[10:49] {dino} oil matters to solars
[10:50] {Onix} OK enjoy! ... off to work now
[10:50] {dino} cya onix
[10:52] {dino} mkl v sm risky gappy l 66.00
[10:53] {dino} going green +100 dji imo
[10:53] {dino} theres 30
[10:57] {Threei} missed UAUA 7 break
[10:57] {Threei} watching for pullback
[10:57] {Threei} knowing its nature, I'd expect it to pullback under 7
[10:57] {Threei} shaking out breakout buyers, then going back up
[10:59] {dino} theres 50
[11:01] {Chaeron} UAUA as predicted
[11:01] {Chaeron} now?
[11:01] {Threei} a bit more I hope
[11:02] {Threei} want it closer to .90
[11:02] {Threei} stop would have to be under .80
[11:02] {Chaeron} thansk
[11:03] {Threei} ugh
[11:03] {Threei} missed I guess
[11:05] {Chaeron} heard you and came back?
[11:05] {Threei} ok in
[11:06] {dino} jpm sm l .00
[11:06] {Chaeron} me too... .97
[11:07] {Threei} wow
[11:07] {Threei} what was that block at 7
[11:07] {GeoArb} 1333
[11:07] {GeoArb} that was me
[11:07] {Threei} ah
[11:07] {Threei} scaling in?
[11:07] {GeoArb} yeah
[11:08] {dino} stop lod right chaer
[11:08] {Threei} market can't decide whether it's time to reverse yet
[11:08] {Chaeron} I was thinking .80......
[11:08] {patience} tsx +850
[11:09] {dino} ok
[11:10] {Threei} let's trail it to .89
[11:10] {Chaeron} dino... I like lod
[11:10] {Threei} fairly uncertain here
[11:10] {Chaeron} but too far
[11:11] {dino} depends on size
[11:11] {dino} i'm lod
[11:11] {dino} which was yesterdays lod too i think
[11:14] {dino} sm l clf .75
[11:18] {Threei} deja vu:
[11:18] {Threei} Long Setup: NCC .11
[11:18] {Threei} stop under 3
[11:19] {hawkfan4} did a double-take, thought maybe i had scrolled up
[11:19] {Threei} lol
[11:19] {Threei} for hardcore scalpers stop under 3.05
[11:20] {Threei} UAUA near resistance tat stopped it several time
[11:20] {Threei} let's sell half
[11:24] {Threei} those pesky hardcore scalpers have their 1:1
[11:24] {GeoArb} whats up with NCC
[11:24] {GeoArb} deja vu i missed it again :(
06[11:25] * Threei is tapping his foot, waiting for pesky scalpers to acknowledge themselves
[11:25] {GeoArb} out uaua Ty vad
[11:25] {Threei} welcome
[11:25] {Threei} 5 for 5... not that we keep score
[11:26] {Threei} and starting from last Monday when tho whole hoopla with incredible volatility started, we are up 6 days out of 7
[11:26] {dino} gj
[11:26] {Threei} out second half UAUA
[11:26] {dino} you da man
[11:26] {Threei} ty
[11:26] {Threei} no one ever suspected me of being da woman
[11:27] {Threei} at least not anyone who wanted to live
06[11:27] * GeoArb thinks vads getting agressive
[11:27] {Threei} getting?
[11:27] {dino} out clf .45, +.70
[11:27] {Threei} wtg dino
[11:27] {dino} ty
[11:28] {Threei} chaeron
[11:28] {Threei} I know you tend to hold longer than I do... but don't oversit UAUA
[11:28] {Chaeron} UAUA in .97 out .22 + 0.25 Many thanks
[11:28] {Threei} :)
[11:28] {dino} jpm 1/1 chaer...see stops are skill
[11:28] {Chaeron} :)
[11:29] {Threei} this thing can drop like crazy all of a sudden
[11:29] {Threei} NCC 1:1 for the rest
[11:31] {dino} out jpm .40, +.40
[11:32] {Chaeron} wtg dino
[11:33] {dino} and you? thought you had .97
[11:33] {Chaeron} that was UAUA
[11:33] {Chaeron} but watched after I realized what you had :)
[11:33] {dino} lol, ok
[11:33] {Chaeron} I was confused
[11:35] {dino} i always am....takes me awhile
[11:36] {Threei} lol... I had this feeling you were talking about dfferent stocks
[11:36] {Threei} but didn't want to add my confusion to yours
[11:37] {Threei} I mean... three confused in the same room - we have enough of that among our financial heads of the state
[11:38] {dino} well, that way odds are good one trade works:)
[11:40] {Chaeron} I think we confused everyone.... I mean, even Dave and Magoo have been quiet...
[11:41] {dino} art of war my friend
[11:41] {Chaeron} }:)
[11:42] {Threei} EU'S JUNCKER: PARIS AGREEMENT TOMMOROW WILL BE SUPPORTED BY 27 NATIONS, AS EXPECTED
[11:42] {Chaeron} and all 3 of us made $$$
[11:42] {dino} indeed
[11:43] {Threei} I didn't "make" it
[11:43] {Threei} I took someone's
[11:43] {dino} whats this paris agreement; surrender
[11:43] {Threei} it's Benny who "makes" money
[11:43] {hawkfan4} NQ 1404, stop uder 1400
[11:43] {Threei} lol dino
[11:44] {Chaeron} signing it in a rail car....
[11:44] {dino} ; )
[11:45] {GeoArb} entry criteria hawk?
[11:45] {dino} axys ouch
[11:45] {hawkfan4} watching 1 minute cup n handle, actual break is 1410, early entry
[11:45] {GeoArb} ok thanks
[11:45] {dino} hawk replies "gut"
[11:46] {GeoArb} his gut seems to be doing well :)
[11:46] {Threei} I'll say
[11:46] {Threei} 12 points in a jiffy
[11:46] {dino} gj
[11:46] {hawkfan4} oh, it is, need less cheeseburgers and beer or i won't fit under my desk
[11:46] {Threei} rofl
[11:47] {Chaeron} dino got his 100 almost
[11:47] {dino} lol
[11:47] {Threei} there
[11:47] {Threei} 104
[11:47] {dino} thers that 100
[11:48] {dino} opps
[11:48] {Threei} US TREASURY'S NASON: BANKS HAVE SIGNED NO AGREEMENTS TO LEND CAPITAL, NO GUARANTEES THE BANKS WILL LEND, HOWEVER PACKAGE WILL PUT BANKS IN BETTE POSITION
[11:48] {Chaeron} Bette? Midler?
[11:48] {Threei} do we want them to lend or do we want them to in better position?
[11:48] {Threei} I for one don't care about their position at all
[11:48] {GeoArb} "better position to lend"
[11:49] {Threei} that;s what yoga instructors for
[11:49] {GeoArb} downward dogs all of them
[11:49] {Threei} eqzaktly
[11:49] {Threei} with fleas too
[11:49] {hawkfan4} lol
[11:49] {Chaeron} (Vad doing Yoga.... heck, it's the apocalypse.....
[11:49] {GeoArb} lol
[11:49] {GeoArb} hawk you still in?
[11:49] {dino} now banks will issue bonuses
[11:50] {hawkfan4} partialled 19
[11:50] {GeoArb} nice !
[11:50] {hawkfan4} thx
[11:50] {GeoArb} so vad
[11:50] {GeoArb} when the NQ trading lesson?
[11:50] {dino} you guys are hot today, gj
[11:50] {hawkfan4} just don't want to give vad that heart attack
[11:51] {Threei} don't see what to do a lesson about
[11:51] {Threei} same thing
[11:51] {Threei} the only difference is,
[11:51] {Threei} stops have to be a bit more generous
[11:51] {GeoArb} true
[11:51] {Threei} it's very effective at gunning too tightly placed stops
[11:52] {GeoArb} but its a relief watchin one instrument vs many
[11:52] {hawkfan4} stop to 1413 for the rest
[11:52] {Threei} thta's an advantage that often turns into shortcoming
[11:52] {hawkfan4} out
[11:52] {GeoArb} i guess
[11:53] {hawkfan4} it is tricky, should have scalped the whole thing and re-entered, especially on a day like today
[11:54] {dino} tricky, tricky, tricy...beastyboyz
[11:56] {hawkfan4} they reall know how to sabotage your stop placement
[11:56] {Threei} yup, standard placement or trailing just under support will get taken out 9 out of 10
[11:57] {Threei} actaully, when I traded NQ regularly, I used this pattern
[11:57] {dino} imo, in this mkt, you have to widen stops
[11:57] {Threei} breakout forms, triggers, I let it go,
[11:57] {GeoArb} stops were the reason yo stopped vad?
[11:57] {Threei} wait for snapback just under support, enter there for immediate shot back up
[11:58] {dino} shots.....mucho tequilla last week
[11:58] {Threei} you read what I say Geo? :)
[11:58] {GeoArb} yes
[11:58] {hawkfan4} back in 1411 small, wide
[11:58] {GeoArb} entry on retest
[11:58] {hawkfan4} to steal dino's phrasing
[11:59] {Threei} I'd call it entry on shakeout
[11:59] {Threei} what we did on UAUA today btw
[11:59] {GeoArb} much better term
[11:59] {Threei} have a look at blog article called
[11:59] {Threei} stops: a deeper look
[12:00] {Threei} this is one of the ideas described there
[12:00] {GeoArb} ok will do
[12:00] {Threei} {--- one of those strange creatures who actually do what they teach
[12:00] {GeoArb} so why did ya stop trading NQ?
[12:00] {GeoArb} i thought it had lower comissions and better tax treatment
[12:01] {Threei} too much hassle to run two brokers
[12:01] {Threei} tax treatment is irrelevant for me
[12:01] {GeoArb} ?
[12:01] {Threei} different in Canada
[12:01] {GeoArb} ok
[12:03] {dino} wow didn't expect that, axys sm l .20
[12:03] {dino} i was a buck under
[12:08] {magoo} LASER DCC
[12:20] {Chaeron} DRYS
[12:20] {ese} signing off all....see you tomorrow
[12:21] {hawkfan4} cya es
[12:21] {ese} see ya hawk
[12:21] {dino} out axys .64, +.44
[12:22] {dino} later hawk
[12:22] {hawkfan4} i'm staying, ese left
[12:22] {Threei} confusion reigns
[12:22] {hawkfan4} who?
[12:23] {Chaeron} classic
[12:24] {Threei} lol
[12:24] {dino} ok lol
[12:24] {dino} then cya es
[12:24] {hawkfan4} :) lol
[12:26] {hawkfan4} sold the little nq -3. market too cornfused
[12:29] {dino} feels up
[12:29] {hawkfan4} hmm, couldn'g have timed that any better, geesh
[12:30] {dino} who knows
[12:30] {dino} now feels down
[12:32] {dino} iflo
[12:32] {dino} nah
[12:34] {Threei} I'll never understand how gold trades
[12:34] {Threei} with all these trillions being pumped in, you would think gold should be through the roof
[12:34] {patience} funds having to sell holdings, ppt keeping it down, waiting for u.s. dollar to turn and drop
[12:35] {patience} i like scalping gold
[12:35] {Threei} GG trades well enough for scalping
[12:36] {dino} and up it is
[12:36] {GeoArb} which instrument patience?
[12:36] {patience} i trade goldcorp, barrick, etf bullion, kinross on canadian side
[12:36] {patience} i don't do juniors right now
[12:36] {dino} gold
06[12:36] * GeoArb is information overloaded
[12:37] {GeoArb} whats juniors
[12:37] {patience} junior gold companies
[12:38] {patience} you want the names geo?
[12:38] {GeoArb} nah its good :)
[12:39] {GeoArb} TY
[12:44] {Threei} GG pullback buy
[12:44] {Threei} 26 closest support
[12:44] {Threei} hard to find feversal point, so try to get as close to it as possible
[12:45] {Threei} took .16
[12:45] {GeoArb} .18
[12:45] {Threei} scalp only most l.ikely
[12:46] {magoo} .21 drat
[12:48] {GeoArb} out half .28
[12:48] {Threei} out .31
[12:49] {GeoArb} full?
[12:49] {magoo} out .30 double drats
[12:49] {magoo} lol
[12:49] {Threei} yeah, just a scalp for me
[12:52] {GeoArb} good thing i exited before asking the Q :)
[12:52] {Threei} [12:45] {Threei} scalp only most l.ikely
[12:52] {Threei} I answered it before you even asked
[12:53] {GeoArb} yes... i was wondering why
[12:53] {Threei} is it efficiency or is it efficiency
[12:53] {GeoArb} efficacy
[13:10] {Threei} market is asleep
[13:11] {Threei} check your e-mail box guys, anyone sees e-mail from RT?
[13:11] {GeoArb} nope
[13:11] {Chaeron} not here either and I refreshed
[13:11] {Threei} hmm
[13:11] {Threei} ty
[13:15] {GeoArb} we back at open
[13:15] {GeoArb} sorry globex open
[13:22] {Threei} check e-mail once again please
[13:22] {hawkfan4} nothing here
[13:23] {GeoArb} nope
[13:23] {Threei} wth
[13:23] {peterg} zippo
[13:23] {magoo} i got it
06[13:24] * GeoArb thinks magoo in VIP list
[13:33] {hawkfan4} NVDA happy
[13:33] {hawkfan4} 14-Oct-08 13:19 ET In Play Apple says at Macbook event it uses Nvidia (NVDA) chips for graphics in its new notebooks (109.16 -1.10) :
[13:38] {magoo} LASER DCC
06[13:38] * magoo slaps laserdave1 around a bit with a large trout
[13:38] {magoo} LASER DCC
06[13:38] * Chaeron slaps laserdave1 around a bit with a large trout
[13:38] {Chaeron} oh sorry... thought it was just hit Dave time
[13:40] {Threei} any time is hit dave time
06[13:40] * Threei slaps laserdave1 around a bit with a large trout
06[13:43] * Chaeron still waiting for an email.......
[13:44] {peterg} still waiting for my gift box
[13:58] {Threei} look at this sneaky move
[13:58] {Threei} NOIZ
[13:58] {hawkfan4} not bad for 2 days
[14:04] {Threei} so, is magoo the only one who got an e-mail?
[14:04] {hawkfan4} just checked, still nothing
[14:05] {GeoArb} nothing yet
[14:05] {GeoArb} man it smells of smoke bad
[14:08] {GeoArb} ES back to low
[14:12] {Chaeron} wet handkerchief arond face geo :)
[14:12] {Chaeron} around
[14:12] {GeoArb} andkeep trading !!
06[14:12] * GeoArb feels heroic
[14:18] {dino} looks like bandit
[14:18] {GeoArb} :)
[14:18] {dino} watching amzn clf
[14:18] {dino} axys
[14:19] {dino} well 700 pt range
[14:22] {dino} amzn gap fill
[14:23] {hawkfan4} nothing like a good 100 point nq shakeout to get the old blood pumping
[14:28] {dino} the q is, does it go down another 100
[14:28] {hawkfan4} i say up
[14:29] {dino} drys sm l .50
[14:29] {Threei} RIMM .05 long
[14:29] {Threei} stop under .90
[14:30] {Threei} too fast?
[14:30] {GeoArb} yeah
[14:30] {GeoArb} was at .19 when i got feed
[14:31] {GeoArb} re?
[14:31] {Threei} yup
[14:31] {dino} out drys .90, +.40
[14:31] {Threei} in .91
[14:31] {Threei} stop under .80
[14:31] {hawkfan4} nice dino
[14:31] {dino} ty
[14:32] {GeoArb} in .87
[14:32] {Threei} nope
[14:33] {GeoArb} out
[14:34] {Threei} scalpable but too fast to call
[14:35] {Chaeron} DRYS :)
[14:35] {hawkfan4} NVDA .94, stop .86
[14:36] {dino} hig wow
[14:36] {hawkfan4} wowza
[14:41] {dino} hig sm s .00,
[14:43] {hawkfan4} stopped NVDA
[14:45] {Threei} NCC is holding amazingly well
[14:45] {dino} axys forgot, just filled l .90
[14:45] {dino} sm
[14:46] {dino} risky
[14:46] {hawkfan4} bold as love
[14:46] {dino} hig bstop hod, don't mess around strong
[14:47] {dino} wow stopped hig covered -.33
[14:47] {dino} eyes on jnj
[14:48] {dino} well patience 800 pts
[14:52] {laserdave1} magoo dcc
[14:53] {dino} jnj sm l .25 stop .79
[14:53] {dino} too soon
[14:54] {dino} amzn double bottom
[14:54] {hawkfan4} back in NVDA .79, stop.74
[14:57] {dino} 100 pts coming, which way dk
[14:57] {Threei} would be happy to grab NCC once again if it did its famous deep drop
[14:59] {dino} eight ball says up
[14:59] {Threei} lemme clean mine
[15:00] {dino} have to get the easy button out again
[15:00] {Threei} it doesn't say up or down... it says "listen to dino"
[15:01] {dino} then we are all f#cked
[15:01] {dino} theres 70 pts
[15:01] {dino} 80
[15:01] {dino} 90
[15:02] {dino} 100
[15:03] {Threei} RIMM should go to 62 easy if rally materializes
[15:06] {Threei} NCC dance may be starting
[15:09] {dino} 120
[15:09] {dino} =
[15:09] {dino} +
[15:09] {Threei} took some RIMM for a run
[15:10] {Threei} want it closer to 62
[15:10] {dino} out amzn +.60
[15:10] {dino} wow, need to keep that 8-ball safe
[15:10] {Threei} please do
[15:11] {Threei} half out RIMM
[15:11] {Threei} 61.15
[15:12] {Threei} offering the balance 61.90
[15:12] {dino} gj
[15:12] {Threei} ty
[15:13] {hawkfan4} sweet. a new segment? dino's 8 ball call of the day?
[15:13] {GeoArb} 70.50 to 86.75
[15:13] {GeoArb} NQ 2 lot
[15:13] {Threei} actaully I played not dino's 8-ball, but my 8-ball that said to listen to dino's
[15:13] {GeoArb} TY dino va
[15:13] {GeoArb} d
[15:13] {hawkfan4} nice geo
[15:14] {Threei} beauty geo
[15:14] {dino} lol, great job
[15:14] {GeoArb} keep em coming dino :)
[15:16] {GeoArb} man the volatility on NQ is 3 times i have seen before
[15:16] {GeoArb} tough for stops
[15:16] {Threei} yup
[15:16] {GeoArb} have to scale in when one lot is in money
[15:16] {dino} jnj=just no juice
[15:16] {GeoArb} lol
[15:17] {dino} size down, go wider
[15:17] {GeoArb} luckily NQ is least size of the eminis
[15:18] {Threei} come on market
[15:18] {Threei} go green
[15:18] {Threei} it's environmentally friendly
[15:18] {hawkfan4} i'm rootin for it too vad...green is good
[15:19] {GeoArb} reading the blog on stops vad
[15:20] {GeoArb} tough love :)
[15:20] {dino} out axys .30, toughy, +.40
[15:20] {Threei} which one do you mean?
[15:20] {Threei} there are a few articles
[15:20] {GeoArb} right now Aug 4
[15:20] {Threei} on that topic
[15:20] {Threei} oh
[15:20] {GeoArb} going backwards
[15:20] {Threei} one I referred too earlier is older
[15:20] {dino} too soon
[15:22] {GeoArb} got it http://www.realitytrader.com/blog/2007/05/stops-deeper-look.html
[15:25] {dino} jnj stop to b/e
[15:29] {dino} out jnj .65, +.40
[15:31] {Threei} round two
[15:31] {Threei} don't fail this time, rally
[15:31] {dino} wow
[15:32] {dino} fcx sm l .75
[15:34] {dino} dji wants green
[15:34] {patience} tsx +846
[15:35] {dino} out fcx .15, +.40
[15:36] {dino} getting tired
[15:39] {dino} watching amzn, clf, fcx, axys
[15:40] {Chaeron} Guys and Patience, I'm outta here... See you all tomorrow. Thanks for everything Vad!
[15:41] {Chaeron} Geo - be safe
[15:41] {patience} by geo
[15:41] {GeoArb} thanks chaeron
[15:41] {GeoArb} chaeron is leaving patience no tme :)
[15:41] {dino} take care chaer
[15:42] {Threei} take care chaeron
[15:42] {patience} it was a very good gobblle gobble dinner last night, wine and all, sorry geo :)
[15:42] {patience} not my brightest today
[15:42] {GeoArb} :)
[15:43] {dino} did you hyave fun?
[15:44] {patience} me?
[15:44] {dino} y
[15:44] {patience} excellent, was wonderful in spite of the power loss
[15:45] {dino} good then (on the fun)
[15:48] {patience} hey dino, you think we're going to test the lows again?
[15:49] {dino} clf sm l .50
[15:50] {dino} yes
[15:50] {dino} too many gaps to fill
[15:50] {Threei} today??
[15:50] {dino} no
[15:50] {Threei} whew
[15:50] {dino} soon, couple days to week
[15:50] {Threei} your 8-ball scared me
[15:51] {patience} i say around the 23rd
[15:51] {patience} is that a full moon? lol
[15:51] {hawkfan4} {==quickly buys back everything he sold thinking we were going back to the lows today...
[15:51] {GeoArb} http://www.bloomberg.com/apps/news?pid=20601087&sid=aDVgqxiT9RSg&refer=home
[15:51] {GeoArb} taleb black swan fund made 50%
[15:52] {dino} mkl just filled its gap
[15:52] {dino} amzn filled
[15:53] {Threei} INTC reports today
[15:53] {Threei} I guess market doesn't think it's going to be pretty
[15:53] {hawkfan4} oh boy
[15:54] {peterg} bummed--haven't been able to trade in two days
[15:55] {peterg} but at least recognize requirement of full attention
[15:55] {peterg} all rich now are we?
[15:56] {GeoArb} not rich enuff to stop
[15:56] {peterg} keep at it
[15:56] {dino} clf stop to flat
[15:57] {Threei} NCC
[15:57] {GeoArb} sneaky
[15:57] {dino} clf stopped .57, +.07
[15:58] {Threei} in .15
[15:58] {dino} thats it. i'm beat
[15:58] {dino} thx all, some really good ones
[15:58] {Threei} take care dino :)
[15:58] {GeoArb} bye dino
[15:58] {GeoArb} ncc is wierd
[15:58] {dino} will do
[15:58] {Threei} willing to hold
[15:59] {Threei} thing seems to be gapping up every day
[15:59] {GeoArb} ok
[15:59] {Threei} will offer .30 for AH
[15:59] {Threei} either taken or will see what happens tomorrow
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[16:00] {GeoArb} thanks vad
[16:00] {GeoArb} bye all
[16:00] {hawkfan4} bye all
[16:00] {peterg} gnite all
[08:07] {Threei} (US) PRESIDENT BUSH : US IS TAKING UNPRECEDENTED , SUBSTANTIAL STEPS TO SHORE UP FINANCIAL SYSTEM, CONFIRMS EARLIER REPORTS
[08:07] {Threei} -FDIC will temporarily expan government insurance
[08:08] {Threei} - Will use part of $700B granted under TARP to help banks
[08:09] {Threei} -Capital injection is essential short term measure
[08:22] {magoo} morn
[08:22] {hawkfan4} squeezy morning all
[08:22] {Threei} lol... good morning
[08:22] {Threei} giant squid
[08:31] {Threei} US TREASURY RELEASES EQUITY PURCHASE PLAN
[08:32] {Threei} US FED'S BERNANKE: PRESSING FORWARD WITH COMMERCIAL PAPER PLAN
[08:32] {Threei} US TREASURY SEC PAULSON URGES BANKS TO DEPLOY CAPITAL
[08:32] {Threei} I feel like I am not doing my part
06[08:33] * Threei orders economy to start fnctioning well
[08:33] {Threei} there... now I've joined the chorus
[08:33] {hawkfan4} lol, you're off the hook now
[08:37] {Threei} - US Treasury equity purchases will be up to $250B in 9 banks; expects 'thousands more'
[08:37] {Threei} - Paulson tells banks to 'deploy' capital, not 'hoard it'
[08:38] {Threei} it's not like they don't want to
[08:38] {Threei} they are just scared to death to lend without knowing what possible nightmares may hide other bank's balance sheet
[08:40] {Threei} FDIC OFFICIALLY ANNOUCES TEMPORARY LIQUIDITY GUARANTEE PROGRAM
[08:40] {hawkfan4} the market will never go down again apparently
[08:40] {Threei} nope
[08:41] {hawkfan4} amazeable
[08:43] {magoo} thoughts for today boss?
[08:43] {Threei} more of the same
[08:44] {Threei} probably not 1000 points
[08:44] {magoo} i think it will be harder because of some profit taking...any thoughts
[08:44] {Threei} maybe
[08:45] {magoo} but pullbacks i think will be deeper today than yesterday...what u think on that?
[08:45] {Threei} I don't know
[08:46] {Threei} could be, could be not
[08:46] {magoo} thhat does it right there...................
06[08:46] * magoo slaps Threei around a bit with a large trout
[08:46] {Threei} ah admit it, you just wanted an excuse
[08:46] {magoo} tru dat
[08:47] {Threei} US TREASURY SEC PAULSON: WE MUST GET CREDIT FLOWING AGAIN AND OVERCOME THE LACK OF CONFIDENCE IN THE FINANCIAL SYSTEM
[08:47] {Threei} - We regret taking these actions, they are something we never wanted to do. But the alternative is totally unacceptible.
[08:53] {magoo} vad..u think the open will be bought or sold?
[08:53] {dino} gm all
[08:53] {Threei} dino :)
[08:53] {magoo} i am just trying to tap into your experience..i know no one knows
[08:53] {Threei} my feeling is, shallow pullback, stall, then resumption of upward crawl
[08:54] {cosmo} 'totally unacceptible' may jsut be a basis for negotiation
[08:54] {Onix} Good morning all
[08:54] {magoo} nice response
[08:54] {cosmo} just
[08:54] {Threei} onix :)
[08:54] {cosmo} .... at some point
[08:55] {Threei} yeah cosmo... "Your position is totally unacceptable. Now let's negotiate"
[08:55] {dino} my opinion magoo. anything can and will happen. react, don't anticipate
[08:56] {Threei} as they used to say in Soviet Union, "So what your positive answer is going to be?"
[08:56] {cosmo} k.... were's my meds...
[08:56] {magoo} u miss anything about home vad?
[08:57] {dino} the women i bet
[08:57] {ese} good morning and appologies....not sure if I said good bye befoe signing off yesterday....
[08:57] {Threei} ese :)
[08:57] {magoo} russian women are prettiest on planet
[08:57] {dino} es to the corner, you're in time out today
[08:57] {ese} Danish!!!!
[08:57] {magoo} U DIDN'T
[08:57] {Threei} considering that this exchange is going to become public, I'll take the fifth
06[08:57] * magoo slaps ese around a bit with a large trout
[08:57] {ese} Tall..... Blond.....
[08:58] {cosmo} fifth of vodka?
[08:58] {ese} ouch.....
[08:59] {Threei} vodka is not taken in fractions
[08:59] {Threei} vodka is measured in bul'bul' s
[09:00] {Threei} you know the sound it makes when you pour it?
[09:00] {cosmo} splash?
[09:00] {Threei} bottle contains 21 bul' bul'... if you divide it by three, pour 7 bul' bul's in each glass, and it's going to be fair division
[09:00] {magoo} no..but i recognize sound of chugging it lol
[09:01] {Threei} anyway, dptl knows what I am talking about
[09:01] {Threei} he will confirm when he wakes up
[09:01] {cosmo} hmm ....7
[09:03] {Threei} Paulson - Pledges to ban golden parachutes for executives while the government has equity in banks
[09:03] {cosmo} they're moving to the platnum parachute ... i think
[09:08] {dino} they should give them "rocks", like charlie brown gets
[09:10] {GeoArb} gm
[09:10] {GeoArb} http://online.wsj.com/article/SB122394318763531045.html
[09:10] {Threei} Geo :)
[09:10] {GeoArb} big hedge fnds used yesterday to cash out
[09:12] {Threei} article makes no sense whatsoever
[09:13] {GeoArb} :0
06[09:13] * GeoArb is just the messenger
[09:18] {Threei} COIN
[09:18] {Threei} SIGNS STRATEGIC PACT WITH SIMPLOT PARTNERS TO SERVICE GOLF COURSES IN THE WESTERN US
[09:18] {Threei} - Company has entered into a strategic relationship with Simplot Partners, a major distributor of proprietary fertilizers and turf maintenance products to the golf marketplace, to distribute the Company's all-natural liquid and granular fertilizers and liquid soil amendment product to the professional turf market throughout the western United States.
[09:18] {Threei} - The deal provides COIN with the opportunity to sell its line of organic turf fertilizer and soil amendment products to a large customer base of approximately 2,500 golf courses through a well-established distributor.
[09:19] {Threei} CAAS
[09:19] {Threei} RECEIVES ORDERS FROM DONGFENG PEUGEOT CITROEN ON NEW CAR MODEL
[09:19] {Threei} - Subsidiary, Jingzhou Henglong Automotive Parts Co. ("Henglong"), has received orders from Dongfeng Peugeot Citroen Automobile Company Ltd. ("DPCA") for power steering gears for the Dongfeng Elysee.
[09:22] {dptl} good morning all
[09:22] {Threei} dp :)
[09:23] {Threei} now that you woke up... scroll up and confirm my explanation about vodka measurement units please
[09:25] {Threei} NCC, that's some gap
[09:26] {peterg} hxexlxlxox
[09:27] {peterg} x-code
[09:27] {magoo} u stalkintg ADBE?
[09:27] {Threei} I'll take it as a good morning
[09:27] {peterg} right
[09:27] {peterg} good morning, in case doubt
[09:27] {Threei} after some pullback, mags, not right away
[09:27] {magoo} yup
[09:29] {Threei} maybe NCC pulls its old trick and drops to 2.60 - 2.80 at the open
[09:29] {Threei} will be worth a buy
[09:31] {dino} need coffee
[09:31] {Threei} Long Setup: DELL .71
[09:31] {Threei} if stays above .55
[09:33] {Threei} NCC
[09:33] {Threei} sharp down
[09:35] {patience} little bit of a pop on the tsx +1603
[09:35] {Threei} lol
[09:38] {GeoArb} JASO
[09:38] {Threei} FITB lost its mind
[09:40] {dino} gaps all over, crazy markets
[09:41] {ese} watching FITB
[09:41] {ese} sorry vad just saw that you were onto it as well
[09:42] {Threei} REP FRANK: TREASURY PLAN COULD ALSO HELP GM BY PURCHASING AUTO LOANS AS DISTRESSED ASSETS
[09:43] {GeoArb} can we help them all
[09:43] {Onix} the treasury can just as well buy everything, why not?
[09:43] {GeoArb} YRCW
[09:44] {Onix} the USA has such a great balance sheet
[09:46] {Threei} FITB should become interesting on selloff under 13
[09:47] {Threei} 13 break worth a try
[09:47] {Threei} stop under 12.80
[09:47] {dino} v sm risky v wide cme s 11.00
[09:49] {Threei} out FITB .32 and .34
[09:49] {ese} missed it vad...fitb
[09:51] {Threei} Long Setup: DELL .15
[09:51] {Threei} if stays above 15
[09:53] {ese} market heading down DELL following
[09:54] {ese} same with NVDA
[09:55] {dino} cover4 cme 07, +4.00
[09:55] {hawkfan4} nice
[09:56] {dino} ty
[09:56] {dino} way soon
[09:59] {Threei} time tyo start bottom hunting
[10:00] {hawkfan4} gap filled
[10:00] {dino} amzn?
[10:00] {Threei} DELL as close to .50 as you can get
[10:01] {Threei} if no pullback anymore, .71
[10:01] {Onix} in .71
[10:02] {Threei} stop for scalpers under .60, for a day trade under .50
[10:03] {Threei} scalpers have 1:1
[10:03] {Threei} daytraders too
[10:07] {Threei} EU'S JUNCKER: THERE IS NO REASON TO SAY THAT THE FINANCIAL CRISIS IS OVER, WARNS AGAINST "EXAGGERATED OPTIMISM"
[10:07] {Threei} party pooper
[10:07] {GeoArb} i guess he is named right
[10:09] {dino} s cme vsm, wide
[10:09] {dino} 0.62
[10:11] {magoo} laser dcc
[10:12] {dino} cov 398.62, +2.00
[10:12] {hawkfan4} D
[10:12] {hawkfan4} I
[10:12] {hawkfan4} N
[10:12] {hawkfan4} O
[10:12] {dino} too soon again, thing is whippy
[10:12] {dino} h
[10:12] {dino} a
[10:12] {dino} w
[10:12] {dino} k
[10:13] {hawkfan4} :)
[10:13] {Threei} Long Setup: NCC 3.11, stop under 3
[10:14] {Threei} Long Setup: DELL .61, stop under .50
[10:16] {Threei} ok market, let's start upward
[10:17] {Threei} good boy
[10:18] {Threei} half out DELL .76
[10:19] {Threei} scalpers have 1.5:1
[10:24] {GeoArb} all out .74
[10:27] {Threei} half out NCC .23
[10:27] {GeoArb} ooh
[10:27] {GeoArb} missed nc
[10:28] {Threei} 5K play
[10:28] {Onix} ty Vad, .20 in NCC
[10:28] {Threei} stop to .19
[10:28] {Threei} looking to exit balance above .30
[10:30] {Threei} whatever, out .29
[10:30] {hawkfan4} lol
[10:30] {Threei} too nice gain for a big position to risk a pullback
[10:31] {Threei} everyone happy so far?
[10:31] {Threei} nobody's counting but 3 for 3
06[10:31] * GeoArb doesnt count
[10:31] {Chaeron} Good morning....
[10:32] {Threei} chaeron :)
[10:32] {Threei} wow NCC
[10:32] {Threei} come on
[10:32] {Chaeron} ya gotta count for something Geo :)
[10:32] {Threei} pull back
[10:32] {GeoArb} :)
[10:33] {Threei} is anyone but Geo and Onix even trading?
[10:33] {Threei} or I can go home?
[10:33] {GeoArb} they are too busy shovelling money
[10:33] {Chaeron} I'm here... let's roll
[10:33] {hawkfan4} still in NCC from .08
[10:33] {GeoArb} ah crap
[10:33] {Threei} oh boy
[10:33] {Chaeron} nice hawk
[10:33] {GeoArb} wtg hawk
[10:34] {hawkfan4} thx
[10:34] {Threei} hawk, you'll cause me heart attack some day :)
[10:34] {hawkfan4} :) lol
06[10:34] * GeoArb thinks hawk works for IRS
[10:35] {dino} i'm here, just a bit confused
[10:35] {peterg} brief check from day job--looks like you are having fun
[10:35] {Threei} what fun... we are deeply ashamed of ourselves peter
[10:35] {Threei} making money when whole world suffers
[10:35] {peterg} yes, i read 3 for 3
[10:36] {Threei} we are crying, hiding our eyes
[10:36] {GeoArb} with dollar bills
[10:36] {peterg} wish to join the misery
[10:36] {Threei} but can't fight our capitalist pig nature
[10:36] {peterg} reality forever!
[10:39] {dino} dji wants flat to neg imo
[10:41] {dino} watching ice, amzn, clf jpm
[10:41] {Threei} lety me show you ultimate definition of denial
[10:41] {Threei} FDIC'S BAIR: US BANKS ARE 'HEALTHY' - CNBC INTERVIEW
[10:41] {GeoArb} they just want free injections in their eyeballs
[10:42] {Threei} {US BANKS} cough cough... yes we are... aaapchooo!
[10:42] {Threei} NCC must have heard it was healthy
[10:42] {Threei} FDIC'S BAIR: US BANKS ARE 'HEALTHY' , YET A FEW REMAIN THEY ARE 'NOT VIABLE' - CNBC INTERVIEW
[10:43] {Onix} they are so healthy that the govenment wants in now
[10:43] {GeoArb} heheh onix
[10:43] {Threei} yup
[10:43] {Threei} took a quick scalp NCC .10 - .19
[10:43] {Threei} not sure I want in again
[10:43] {Threei} gotta wait out this big swing
[10:43] {dino} neg dji
[10:44] {Threei} FED REPORTEDLY SELECTS PIMCO AS ASSET MANAGER FOR COMMERCIAL PAPER FACILITY
[10:44] {Threei} hawk... tell me you secured at least part odf that move
[10:45] {hawkfan4} oh yes, sold 1/2 .42, rest .36
06[10:46] * Threei high-fives hawk
[10:46] {GeoArb} ok we going down
[10:46] {GeoArb} ?
[10:46] {patience} retest of low?
[10:46] {dino} ice sm s break ,50
[10:46] {dino} wild one careful
[10:46] {Threei} only until trillions sitting on a sidelines decide they got prices good enough for another, ummm, injection
[10:47] {dino} gj hawk
[10:48] {GeoArb} oil at lows
[10:48] {GeoArb} in fact i guess oil doesnt matter
[10:48] {dino} ice no trig
[10:48] {dino} cx idea
[10:49] {dino} oil matters to solars
[10:50] {Onix} OK enjoy! ... off to work now
[10:50] {dino} cya onix
[10:52] {dino} mkl v sm risky gappy l 66.00
[10:53] {dino} going green +100 dji imo
[10:53] {dino} theres 30
[10:57] {Threei} missed UAUA 7 break
[10:57] {Threei} watching for pullback
[10:57] {Threei} knowing its nature, I'd expect it to pullback under 7
[10:57] {Threei} shaking out breakout buyers, then going back up
[10:59] {dino} theres 50
[11:01] {Chaeron} UAUA as predicted
[11:01] {Chaeron} now?
[11:01] {Threei} a bit more I hope
[11:02] {Threei} want it closer to .90
[11:02] {Threei} stop would have to be under .80
[11:02] {Chaeron} thansk
[11:03] {Threei} ugh
[11:03] {Threei} missed I guess
[11:05] {Chaeron} heard you and came back?
[11:05] {Threei} ok in
[11:06] {dino} jpm sm l .00
[11:06] {Chaeron} me too... .97
[11:07] {Threei} wow
[11:07] {Threei} what was that block at 7
[11:07] {GeoArb} 1333
[11:07] {GeoArb} that was me
[11:07] {Threei} ah
[11:07] {Threei} scaling in?
[11:07] {GeoArb} yeah
[11:08] {dino} stop lod right chaer
[11:08] {Threei} market can't decide whether it's time to reverse yet
[11:08] {Chaeron} I was thinking .80......
[11:08] {patience} tsx +850
[11:09] {dino} ok
[11:10] {Threei} let's trail it to .89
[11:10] {Chaeron} dino... I like lod
[11:10] {Threei} fairly uncertain here
[11:10] {Chaeron} but too far
[11:11] {dino} depends on size
[11:11] {dino} i'm lod
[11:11] {dino} which was yesterdays lod too i think
[11:14] {dino} sm l clf .75
[11:18] {Threei} deja vu:
[11:18] {Threei} Long Setup: NCC .11
[11:18] {Threei} stop under 3
[11:19] {hawkfan4} did a double-take, thought maybe i had scrolled up
[11:19] {Threei} lol
[11:19] {Threei} for hardcore scalpers stop under 3.05
[11:20] {Threei} UAUA near resistance tat stopped it several time
[11:20] {Threei} let's sell half
[11:24] {Threei} those pesky hardcore scalpers have their 1:1
[11:24] {GeoArb} whats up with NCC
[11:24] {GeoArb} deja vu i missed it again :(
06[11:25] * Threei is tapping his foot, waiting for pesky scalpers to acknowledge themselves
[11:25] {GeoArb} out uaua Ty vad
[11:25] {Threei} welcome
[11:25] {Threei} 5 for 5... not that we keep score
[11:26] {Threei} and starting from last Monday when tho whole hoopla with incredible volatility started, we are up 6 days out of 7
[11:26] {dino} gj
[11:26] {Threei} out second half UAUA
[11:26] {dino} you da man
[11:26] {Threei} ty
[11:26] {Threei} no one ever suspected me of being da woman
[11:27] {Threei} at least not anyone who wanted to live
06[11:27] * GeoArb thinks vads getting agressive
[11:27] {Threei} getting?
[11:27] {dino} out clf .45, +.70
[11:27] {Threei} wtg dino
[11:27] {dino} ty
[11:28] {Threei} chaeron
[11:28] {Threei} I know you tend to hold longer than I do... but don't oversit UAUA
[11:28] {Chaeron} UAUA in .97 out .22 + 0.25 Many thanks
[11:28] {Threei} :)
[11:28] {dino} jpm 1/1 chaer...see stops are skill
[11:28] {Chaeron} :)
[11:29] {Threei} this thing can drop like crazy all of a sudden
[11:29] {Threei} NCC 1:1 for the rest
[11:31] {dino} out jpm .40, +.40
[11:32] {Chaeron} wtg dino
[11:33] {dino} and you? thought you had .97
[11:33] {Chaeron} that was UAUA
[11:33] {Chaeron} but watched after I realized what you had :)
[11:33] {dino} lol, ok
[11:33] {Chaeron} I was confused
[11:35] {dino} i always am....takes me awhile
[11:36] {Threei} lol... I had this feeling you were talking about dfferent stocks
[11:36] {Threei} but didn't want to add my confusion to yours
[11:37] {Threei} I mean... three confused in the same room - we have enough of that among our financial heads of the state
[11:38] {dino} well, that way odds are good one trade works:)
[11:40] {Chaeron} I think we confused everyone.... I mean, even Dave and Magoo have been quiet...
[11:41] {dino} art of war my friend
[11:41] {Chaeron} }:)
[11:42] {Threei} EU'S JUNCKER: PARIS AGREEMENT TOMMOROW WILL BE SUPPORTED BY 27 NATIONS, AS EXPECTED
[11:42] {Chaeron} and all 3 of us made $$$
[11:42] {dino} indeed
[11:43] {Threei} I didn't "make" it
[11:43] {Threei} I took someone's
[11:43] {dino} whats this paris agreement; surrender
[11:43] {Threei} it's Benny who "makes" money
[11:43] {hawkfan4} NQ 1404, stop uder 1400
[11:43] {Threei} lol dino
[11:44] {Chaeron} signing it in a rail car....
[11:44] {dino} ; )
[11:45] {GeoArb} entry criteria hawk?
[11:45] {dino} axys ouch
[11:45] {hawkfan4} watching 1 minute cup n handle, actual break is 1410, early entry
[11:45] {GeoArb} ok thanks
[11:45] {dino} hawk replies "gut"
[11:46] {GeoArb} his gut seems to be doing well :)
[11:46] {Threei} I'll say
[11:46] {Threei} 12 points in a jiffy
[11:46] {dino} gj
[11:46] {hawkfan4} oh, it is, need less cheeseburgers and beer or i won't fit under my desk
[11:46] {Threei} rofl
[11:47] {Chaeron} dino got his 100 almost
[11:47] {dino} lol
[11:47] {Threei} there
[11:47] {Threei} 104
[11:47] {dino} thers that 100
[11:48] {dino} opps
[11:48] {Threei} US TREASURY'S NASON: BANKS HAVE SIGNED NO AGREEMENTS TO LEND CAPITAL, NO GUARANTEES THE BANKS WILL LEND, HOWEVER PACKAGE WILL PUT BANKS IN BETTE POSITION
[11:48] {Chaeron} Bette? Midler?
[11:48] {Threei} do we want them to lend or do we want them to in better position?
[11:48] {Threei} I for one don't care about their position at all
[11:48] {GeoArb} "better position to lend"
[11:49] {Threei} that;s what yoga instructors for
[11:49] {GeoArb} downward dogs all of them
[11:49] {Threei} eqzaktly
[11:49] {Threei} with fleas too
[11:49] {hawkfan4} lol
[11:49] {Chaeron} (Vad doing Yoga.... heck, it's the apocalypse.....
[11:49] {GeoArb} lol
[11:49] {GeoArb} hawk you still in?
[11:49] {dino} now banks will issue bonuses
[11:50] {hawkfan4} partialled 19
[11:50] {GeoArb} nice !
[11:50] {hawkfan4} thx
[11:50] {GeoArb} so vad
[11:50] {GeoArb} when the NQ trading lesson?
[11:50] {dino} you guys are hot today, gj
[11:50] {hawkfan4} just don't want to give vad that heart attack
[11:51] {Threei} don't see what to do a lesson about
[11:51] {Threei} same thing
[11:51] {Threei} the only difference is,
[11:51] {Threei} stops have to be a bit more generous
[11:51] {GeoArb} true
[11:51] {Threei} it's very effective at gunning too tightly placed stops
[11:52] {GeoArb} but its a relief watchin one instrument vs many
[11:52] {hawkfan4} stop to 1413 for the rest
[11:52] {Threei} thta's an advantage that often turns into shortcoming
[11:52] {hawkfan4} out
[11:52] {GeoArb} i guess
[11:53] {hawkfan4} it is tricky, should have scalped the whole thing and re-entered, especially on a day like today
[11:54] {dino} tricky, tricky, tricy...beastyboyz
[11:56] {hawkfan4} they reall know how to sabotage your stop placement
[11:56] {Threei} yup, standard placement or trailing just under support will get taken out 9 out of 10
[11:57] {Threei} actaully, when I traded NQ regularly, I used this pattern
[11:57] {dino} imo, in this mkt, you have to widen stops
[11:57] {Threei} breakout forms, triggers, I let it go,
[11:57] {GeoArb} stops were the reason yo stopped vad?
[11:57] {Threei} wait for snapback just under support, enter there for immediate shot back up
[11:58] {dino} shots.....mucho tequilla last week
[11:58] {Threei} you read what I say Geo? :)
[11:58] {GeoArb} yes
[11:58] {hawkfan4} back in 1411 small, wide
[11:58] {GeoArb} entry on retest
[11:58] {hawkfan4} to steal dino's phrasing
[11:59] {Threei} I'd call it entry on shakeout
[11:59] {Threei} what we did on UAUA today btw
[11:59] {GeoArb} much better term
[11:59] {Threei} have a look at blog article called
[11:59] {Threei} stops: a deeper look
[12:00] {Threei} this is one of the ideas described there
[12:00] {GeoArb} ok will do
[12:00] {Threei} {--- one of those strange creatures who actually do what they teach
[12:00] {GeoArb} so why did ya stop trading NQ?
[12:00] {GeoArb} i thought it had lower comissions and better tax treatment
[12:01] {Threei} too much hassle to run two brokers
[12:01] {Threei} tax treatment is irrelevant for me
[12:01] {GeoArb} ?
[12:01] {Threei} different in Canada
[12:01] {GeoArb} ok
[12:03] {dino} wow didn't expect that, axys sm l .20
[12:03] {dino} i was a buck under
[12:08] {magoo} LASER DCC
[12:20] {Chaeron} DRYS
[12:20] {ese} signing off all....see you tomorrow
[12:21] {hawkfan4} cya es
[12:21] {ese} see ya hawk
[12:21] {dino} out axys .64, +.44
[12:22] {dino} later hawk
[12:22] {hawkfan4} i'm staying, ese left
[12:22] {Threei} confusion reigns
[12:22] {hawkfan4} who?
[12:23] {Chaeron} classic
[12:24] {Threei} lol
[12:24] {dino} ok lol
[12:24] {dino} then cya es
[12:24] {hawkfan4} :) lol
[12:26] {hawkfan4} sold the little nq -3. market too cornfused
[12:29] {dino} feels up
[12:29] {hawkfan4} hmm, couldn'g have timed that any better, geesh
[12:30] {dino} who knows
[12:30] {dino} now feels down
[12:32] {dino} iflo
[12:32] {dino} nah
[12:34] {Threei} I'll never understand how gold trades
[12:34] {Threei} with all these trillions being pumped in, you would think gold should be through the roof
[12:34] {patience} funds having to sell holdings, ppt keeping it down, waiting for u.s. dollar to turn and drop
[12:35] {patience} i like scalping gold
[12:35] {Threei} GG trades well enough for scalping
[12:36] {dino} and up it is
[12:36] {GeoArb} which instrument patience?
[12:36] {patience} i trade goldcorp, barrick, etf bullion, kinross on canadian side
[12:36] {patience} i don't do juniors right now
[12:36] {dino} gold
06[12:36] * GeoArb is information overloaded
[12:37] {GeoArb} whats juniors
[12:37] {patience} junior gold companies
[12:38] {patience} you want the names geo?
[12:38] {GeoArb} nah its good :)
[12:39] {GeoArb} TY
[12:44] {Threei} GG pullback buy
[12:44] {Threei} 26 closest support
[12:44] {Threei} hard to find feversal point, so try to get as close to it as possible
[12:45] {Threei} took .16
[12:45] {GeoArb} .18
[12:45] {Threei} scalp only most l.ikely
[12:46] {magoo} .21 drat
[12:48] {GeoArb} out half .28
[12:48] {Threei} out .31
[12:49] {GeoArb} full?
[12:49] {magoo} out .30 double drats
[12:49] {magoo} lol
[12:49] {Threei} yeah, just a scalp for me
[12:52] {GeoArb} good thing i exited before asking the Q :)
[12:52] {Threei} [12:45] {Threei} scalp only most l.ikely
[12:52] {Threei} I answered it before you even asked
[12:53] {GeoArb} yes... i was wondering why
[12:53] {Threei} is it efficiency or is it efficiency
[12:53] {GeoArb} efficacy
[13:10] {Threei} market is asleep
[13:11] {Threei} check your e-mail box guys, anyone sees e-mail from RT?
[13:11] {GeoArb} nope
[13:11] {Chaeron} not here either and I refreshed
[13:11] {Threei} hmm
[13:11] {Threei} ty
[13:15] {GeoArb} we back at open
[13:15] {GeoArb} sorry globex open
[13:22] {Threei} check e-mail once again please
[13:22] {hawkfan4} nothing here
[13:23] {GeoArb} nope
[13:23] {Threei} wth
[13:23] {peterg} zippo
[13:23] {magoo} i got it
06[13:24] * GeoArb thinks magoo in VIP list
[13:33] {hawkfan4} NVDA happy
[13:33] {hawkfan4} 14-Oct-08 13:19 ET In Play Apple says at Macbook event it uses Nvidia (NVDA) chips for graphics in its new notebooks (109.16 -1.10) :
[13:38] {magoo} LASER DCC
06[13:38] * magoo slaps laserdave1 around a bit with a large trout
[13:38] {magoo} LASER DCC
06[13:38] * Chaeron slaps laserdave1 around a bit with a large trout
[13:38] {Chaeron} oh sorry... thought it was just hit Dave time
[13:40] {Threei} any time is hit dave time
06[13:40] * Threei slaps laserdave1 around a bit with a large trout
06[13:43] * Chaeron still waiting for an email.......
[13:44] {peterg} still waiting for my gift box
[13:58] {Threei} look at this sneaky move
[13:58] {Threei} NOIZ
[13:58] {hawkfan4} not bad for 2 days
[14:04] {Threei} so, is magoo the only one who got an e-mail?
[14:04] {hawkfan4} just checked, still nothing
[14:05] {GeoArb} nothing yet
[14:05] {GeoArb} man it smells of smoke bad
[14:08] {GeoArb} ES back to low
[14:12] {Chaeron} wet handkerchief arond face geo :)
[14:12] {Chaeron} around
[14:12] {GeoArb} andkeep trading !!
06[14:12] * GeoArb feels heroic
[14:18] {dino} looks like bandit
[14:18] {GeoArb} :)
[14:18] {dino} watching amzn clf
[14:18] {dino} axys
[14:19] {dino} well 700 pt range
[14:22] {dino} amzn gap fill
[14:23] {hawkfan4} nothing like a good 100 point nq shakeout to get the old blood pumping
[14:28] {dino} the q is, does it go down another 100
[14:28] {hawkfan4} i say up
[14:29] {dino} drys sm l .50
[14:29] {Threei} RIMM .05 long
[14:29] {Threei} stop under .90
[14:30] {Threei} too fast?
[14:30] {GeoArb} yeah
[14:30] {GeoArb} was at .19 when i got feed
[14:31] {GeoArb} re?
[14:31] {Threei} yup
[14:31] {dino} out drys .90, +.40
[14:31] {Threei} in .91
[14:31] {Threei} stop under .80
[14:31] {hawkfan4} nice dino
[14:31] {dino} ty
[14:32] {GeoArb} in .87
[14:32] {Threei} nope
[14:33] {GeoArb} out
[14:34] {Threei} scalpable but too fast to call
[14:35] {Chaeron} DRYS :)
[14:35] {hawkfan4} NVDA .94, stop .86
[14:36] {dino} hig wow
[14:36] {hawkfan4} wowza
[14:41] {dino} hig sm s .00,
[14:43] {hawkfan4} stopped NVDA
[14:45] {Threei} NCC is holding amazingly well
[14:45] {dino} axys forgot, just filled l .90
[14:45] {dino} sm
[14:46] {dino} risky
[14:46] {hawkfan4} bold as love
[14:46] {dino} hig bstop hod, don't mess around strong
[14:47] {dino} wow stopped hig covered -.33
[14:47] {dino} eyes on jnj
[14:48] {dino} well patience 800 pts
[14:52] {laserdave1} magoo dcc
[14:53] {dino} jnj sm l .25 stop .79
[14:53] {dino} too soon
[14:54] {dino} amzn double bottom
[14:54] {hawkfan4} back in NVDA .79, stop.74
[14:57] {dino} 100 pts coming, which way dk
[14:57] {Threei} would be happy to grab NCC once again if it did its famous deep drop
[14:59] {dino} eight ball says up
[14:59] {Threei} lemme clean mine
[15:00] {dino} have to get the easy button out again
[15:00] {Threei} it doesn't say up or down... it says "listen to dino"
[15:01] {dino} then we are all f#cked
[15:01] {dino} theres 70 pts
[15:01] {dino} 80
[15:01] {dino} 90
[15:02] {dino} 100
[15:03] {Threei} RIMM should go to 62 easy if rally materializes
[15:06] {Threei} NCC dance may be starting
[15:09] {dino} 120
[15:09] {dino} =
[15:09] {dino} +
[15:09] {Threei} took some RIMM for a run
[15:10] {Threei} want it closer to 62
[15:10] {dino} out amzn +.60
[15:10] {dino} wow, need to keep that 8-ball safe
[15:10] {Threei} please do
[15:11] {Threei} half out RIMM
[15:11] {Threei} 61.15
[15:12] {Threei} offering the balance 61.90
[15:12] {dino} gj
[15:12] {Threei} ty
[15:13] {hawkfan4} sweet. a new segment? dino's 8 ball call of the day?
[15:13] {GeoArb} 70.50 to 86.75
[15:13] {GeoArb} NQ 2 lot
[15:13] {Threei} actaully I played not dino's 8-ball, but my 8-ball that said to listen to dino's
[15:13] {GeoArb} TY dino va
[15:13] {GeoArb} d
[15:13] {hawkfan4} nice geo
[15:14] {Threei} beauty geo
[15:14] {dino} lol, great job
[15:14] {GeoArb} keep em coming dino :)
[15:16] {GeoArb} man the volatility on NQ is 3 times i have seen before
[15:16] {GeoArb} tough for stops
[15:16] {Threei} yup
[15:16] {GeoArb} have to scale in when one lot is in money
[15:16] {dino} jnj=just no juice
[15:16] {GeoArb} lol
[15:17] {dino} size down, go wider
[15:17] {GeoArb} luckily NQ is least size of the eminis
[15:18] {Threei} come on market
[15:18] {Threei} go green
[15:18] {Threei} it's environmentally friendly
[15:18] {hawkfan4} i'm rootin for it too vad...green is good
[15:19] {GeoArb} reading the blog on stops vad
[15:20] {GeoArb} tough love :)
[15:20] {dino} out axys .30, toughy, +.40
[15:20] {Threei} which one do you mean?
[15:20] {Threei} there are a few articles
[15:20] {GeoArb} right now Aug 4
[15:20] {Threei} on that topic
[15:20] {Threei} oh
[15:20] {GeoArb} going backwards
[15:20] {Threei} one I referred too earlier is older
[15:20] {dino} too soon
[15:22] {GeoArb} got it http://www.realitytrader.com/blog/2007/05/stops-deeper-look.html
[15:25] {dino} jnj stop to b/e
[15:29] {dino} out jnj .65, +.40
[15:31] {Threei} round two
[15:31] {Threei} don't fail this time, rally
[15:31] {dino} wow
[15:32] {dino} fcx sm l .75
[15:34] {dino} dji wants green
[15:34] {patience} tsx +846
[15:35] {dino} out fcx .15, +.40
[15:36] {dino} getting tired
[15:39] {dino} watching amzn, clf, fcx, axys
[15:40] {Chaeron} Guys and Patience, I'm outta here... See you all tomorrow. Thanks for everything Vad!
[15:41] {Chaeron} Geo - be safe
[15:41] {patience} by geo
[15:41] {GeoArb} thanks chaeron
[15:41] {GeoArb} chaeron is leaving patience no tme :)
[15:41] {dino} take care chaer
[15:42] {Threei} take care chaeron
[15:42] {patience} it was a very good gobblle gobble dinner last night, wine and all, sorry geo :)
[15:42] {patience} not my brightest today
[15:42] {GeoArb} :)
[15:43] {dino} did you hyave fun?
[15:44] {patience} me?
[15:44] {dino} y
[15:44] {patience} excellent, was wonderful in spite of the power loss
[15:45] {dino} good then (on the fun)
[15:48] {patience} hey dino, you think we're going to test the lows again?
[15:49] {dino} clf sm l .50
[15:50] {dino} yes
[15:50] {dino} too many gaps to fill
[15:50] {Threei} today??
[15:50] {dino} no
[15:50] {Threei} whew
[15:50] {dino} soon, couple days to week
[15:50] {Threei} your 8-ball scared me
[15:51] {patience} i say around the 23rd
[15:51] {patience} is that a full moon? lol
[15:51] {hawkfan4} {==quickly buys back everything he sold thinking we were going back to the lows today...
[15:51] {GeoArb} http://www.bloomberg.com/apps/news?pid=20601087&sid=aDVgqxiT9RSg&refer=home
[15:51] {GeoArb} taleb black swan fund made 50%
[15:52] {dino} mkl just filled its gap
[15:52] {dino} amzn filled
[15:53] {Threei} INTC reports today
[15:53] {Threei} I guess market doesn't think it's going to be pretty
[15:53] {hawkfan4} oh boy
[15:54] {peterg} bummed--haven't been able to trade in two days
[15:55] {peterg} but at least recognize requirement of full attention
[15:55] {peterg} all rich now are we?
[15:56] {GeoArb} not rich enuff to stop
[15:56] {peterg} keep at it
[15:56] {dino} clf stop to flat
[15:57] {Threei} NCC
[15:57] {GeoArb} sneaky
[15:57] {dino} clf stopped .57, +.07
[15:58] {Threei} in .15
[15:58] {dino} thats it. i'm beat
[15:58] {dino} thx all, some really good ones
[15:58] {Threei} take care dino :)
[15:58] {GeoArb} bye dino
[15:58] {GeoArb} ncc is wierd
[15:58] {dino} will do
[15:58] {Threei} willing to hold
[15:59] {Threei} thing seems to be gapping up every day
[15:59] {GeoArb} ok
[15:59] {Threei} will offer .30 for AH
[15:59] {Threei} either taken or will see what happens tomorrow
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[16:00] {GeoArb} thanks vad
[16:00] {GeoArb} bye all
[16:00] {hawkfan4} bye all
[16:00] {peterg} gnite all
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