Wednesday, October 31, 2007

Virtual Office, -$1642. Dow, +137.54, 13930.01.

Akalawoo, $204 on 3 contracts traded.
OBAT, $24 on 14,800 shares traded.
Misstrade, $0 on 500 shares traded.
Stewie, no trades, vacation for 1-2 weeks.
Tapeworm, -$15 on 6 contracts traded.
Me, -$429 on 39,800 shares traded.
Dehtrader, -$1426 on 1600 shares traded.

I dunno, FED days generally suck for trading and today was no exception to that rule. When was the last time the VO was down? It's been awhile.

Uncle Ben cut 25bp and also cut the discount rate window 25bp. The market hated the news before it completely loved the news. Since the market is made up of a mixture of humans and robots programmed by introverted weirdos, it tends to freak out when news hits. Today was no disappointment in that regard either.

In the end, the market closed up nicely on impressive volume of 1.6 billion shares, most of it coming after the announcement.

I'm happy today is behind us. Now I have to go trick or treat with a bunch of kids. Immediately after I will probably drink too much. That said, I wouldn't expect a daily post. However, if I come home a little buzzed and in the correct mood I will finish the post about my haunted house, titled "Indian Princess."

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