Friday, October 26, 2007

Virtual Office, $8700. Dow, +134.78, 13,806.70.

Stewie, $1000 on 22,000 shares traded.
Me, $796 on 63,000 shares traded.
Tapeworm, $180 on 6 contracts traded.
Akalawoo, $158 on 1 contract traded.
Denarii, $117 on 2200 shares traded.
Evolution, $29 on 75,600 shares traded.
OBAT, -$165 on 12,400 shares traded.
Dehtrader, -$400 on 4300 shares traded.

So the Dow closes up over 100 points and I lose a minor bet. No big deal. As I explained to Ragin Gayjun, losing a bet to a deep fry chef who lives in a FEMA trailer in New Orleans is really the least of my troubles.

And besides, my revenge, when it comes, will be sweet.

Meanwhile, it was a pretty good day for the VO. Nearly everyone cashed in and those who finished red didn't get slaughtered or anything. Not a bad way to go into the weekend.

While I'm upset that volatility dropped significantly today, at least we had some decent volume. We managed to trade 1,406,124,000 shares on the NYSE today.

It's hard to know what people expect to happen next week. Clearly, everyone expects a cut... whether we get 25 or 50 seems to be the main debate. This run up into the meeting could create some volatility for next week as well. Very welcome indeed. Let's close the month strong.

Enjoy your weekend. I'll have an open thread up with a surprise photo. Please stop by to share stories of your weekend escapades. Really, I want to know.


BUY ON THE DIP said...

nice site!




Dinosaur Trader said...


How about that "dip" in WCG?