Wednesday, October 10, 2007

Virtual Office, $18,313. Dow, -90.00, 14074.43.

Misstrade, $12,499 on 29,500 shares traded.
Momojuicing, $5834 on 24,000 shares traded.
Akalawoo, $624 on 42 contracts traded.
Bubs, $532 on 3600 shares traded.
Tapeworm, $220 on 2 contracts traded.
Evolution, $129 on 33,800 shares traded.

Denarii, -$11 on 2200 shares traded.
OBAT, -$308 on 20,800 shares traded.
Me, -$1206 on 41,800 shares traded.


Listen, I hate to harp on the volume thing... makes me sound like Bob "let's not quibble about a couple of Dow points" Pisani. However, the fact of the matter is that when the Dow goes down 150 points and then pulls off a pretty swift afternoon retracement and we can't get respectable volume, something is awry.

The market is moving to the "dark pools."

Now, NYSE bought Matchpoint, or whatever that fucking company is called, so perhaps their stock price will still be just fine. However, volume is leaving the NYSE. For me, well, I hate that. I guess it's good for the big guys executing large block orders at fixed prices.

Quick announcement: This weekend, I'm going to do something a little different around here. I'm just going to open a thread and let you clowns talk about whatever the heck you want to talk about. There seems to be a little community forming here. Want to share your theory of evolution? Fine, do it here... I'll give you a platform. Want to share your stock picks for next week? That's fine too. Want to tell me where the volume on the NYSE is migrating to? Go for it. Anyway, I'll throw out another reminder this week but there you have it... it's like an "open mic" only there's no music, no loser singing, and no one is going to throw money in your tip jar.

Anyway, with that minor announcement out of the way looks like the VO kicked ass today. Misstrade and Momojuicing seem to like the market just fine and there were a couple of other very respectable numbers thrown in there. Apparently only I'm mindfucked.

We traded 1,149,187,000 shares on the NYSE today. A pittance given the movement in the indexes.

4 comments:

newequity said...

Nice trading DT.

Dinosaur Trader said...

Thanks, Neweq...

When I get the Dinosaur Trader t-shirts made be sure to send me your address so I can give you one for free.

I know you're my biggest fan.

-DT

Denarii said...

DT - where do you get your NYSE volume figure from?

Dinosaur Trader said...

Denarii,

$TVOL on esignal.

-DT