RealityTrader Trading Log

Friday, September 26, 2008

Sep 26 2008

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

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