Thursday, October 11, 2007

Virtual Office, $25,100. Dow, -64.54, 14014.05

Me, $7443 on 63,800 shares traded.
Evolution, $1424 on 31,000 shares traded.

Akalawoo, $710 on 6 contracts traded.
OBAT, $563 on 6600 shares traded.
Bubs, $478 on 2800 shares traded.
Tapeworm, $345 on 2 contracts traded.

Denarii, $59 on 2000 shares traded.
Momojuicing, -$17 on 600 shares traded.


Volume! Volatility! Mass Hysteria and PANIC! These are a few of my favorite things.

Some European guy says we need to be tough on inflation and the market freaks out?

It was fun while it lasted, but Uncle Ben speaks tomorrow. The market will be forced to rebound.

Anyway, it was a good day for the VO and really, a healthy day for the market. Look, I don't know what changed this year but at some point people (robots?) decided that they wanted the market to go up everyday and that that was the new normal. Then, when the market decided to take a break in August, the FED came in and saved everyone's ass.

Damn robots don't know how to take profits in an orderly fashion. That's my new theory. They all pump into the same trades with their "algorithms" and all take profits at the same time, creating these mini-panics now and then. Fine...

Volume was finally "good" today as we traded 1,507,556,000 shares today on the NYSE. I'm also extremely relieved to see a little volatility back in the market just ahead of earnings season, even if my "swing account" got demolished.

Babysitting now. Daily post will be late.

P.S. Vote on the damn poll... it's an easy one.

8 comments:

artha said...

Nice comeback, DT.

High Probability Trader said...

Stop making so much money DT, your making me feel like I should start trading again.

tapeworm said...

wow! u kicked ass today DT

Dinosaur Trader said...

I was down $800 at 1pm. Needless to say, I'm pretty happy about the way things turned out.

Does this mean that you start talking shit to me again, Tapeworm?

Thanks guys,

-DT

Bubs said...

Great day today DT. I need to take you, misstrade, and evolution out drinking one night so the rest of us have a chance to be on top of the VO.

Dinosaur Trader said...

Thanks Bubs. I don't think misstrade drinks though, his insides would rust... I'm pretty sure he's a robot.

-DT

Tomer said...

Great day you guys! Finally some nice results from almost everyone! I hope you guys go sometimes to vacations to enjoy the money you make :)

Dinosaur Trader said...

tomer,

The other guys take vacations. Me? I'm chained to this desk. I kind of think taking vacations is "soft."

-DT