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
