Friday, July 13, 2007

Virtual Office, $1889. Dow, +45.52, 13907.25.

Me, $846 on 22,200 shares traded.
Bubs, $762 on 3300 shares traded.
OBAT, $360 on 1000 shares traded.
HPT, $303 on 25 contracts traded.
Denarii, $110 on 3000 shares traded.
Misstrade, no trades.
Evolution, -$492 on 28,800 shares traded.

Considering that most of the VOers had their numbers to me by 1pm, it was a pretty good hours worked/money made ratio today.

And really, you have to give some credit to this market. After yesterday's screamer of a session you would expect any normal market to take some type of breather today. Not this market, it's damn strong.

A few weeks back someone posted a comment on "the Fly's blog" that I thought was interesting. This person theorized that in these next couple of months the shorts would get completely squeezed out. I don't know the figures, but there's a very high short interest in the market right now, probably helped along by products like the SDS and QID. Anyway, this person guessed this would create a blowoff top which would finally allow for a correction.

I kind of like that theory now as yesterday's rally was in large part, a short squeeze. We will see.

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