Tuesday, June 26, 2007

Virtual Office, $5138. Dow, -14.31, 13337.74.

HPT, $2147 on 95 contracts and 2700 shares traded.
Misstrade, $1792 on 4500 shares traded.
Me, $611 on 13,200 shares traded.
Evolution, $588 on 55,200 shares traded.

Another bearish reversal for the major indexes. While none showed major losses, I would keep an eye on the stocks that have been leading this rally since March. Should they show signs of distribution, I would begin to worry about the continued health of this rally.

As for trade today, the VO had a nice day despite the overall choppiness of the market.

My daily post will have to come later this evening as I am busy immediately after the close.


jeremy said...

nice to see that you've unlinked the useless blog of ducati, the guy is a head case.

Dinosaur Trader said...

First off, let me just clarify that I'm totally cool with people having different opinions on where stocks are headed. People having different opinions on stocks are what makes the market. So I'm not into all the bashing that goes on just because someone happens to be bearish.

That said, LNN was a great call by "the Fly". The same day that Fly made his call, Ducati basically trashed the stock.

He was wrong and, in my opinion, he should have owned up to that.