Monday, November 26, 2007

Virtual Office, $2143. Dow, -238.09, 12742.79.

OBAT, $125 on 12,800 shares traded.
Wincity, $98 on 400 shares traded.
Me, $39 on 33,800 shares traded.
Akalawoo, no trades.
Denarii, no trades.
Dehtrader, -$128 on 5280 shares traded.
Evolution, -$991 on 132,348 shares traded.

Hello everyone, it's good to be back. That said, today sucked.

I mean, if the VO is net negative (minus Misstrade, of course) on a day when the Dow plunges 238 points, then perhaps we (the VO) should stop trading and instead consider starting to sell Arbonne goods or something.

"Relationship marketing" is where it's at. Fuck trading.

But seriously, we traded 1.5 billion shares today on the NYSE. Not too bad. Take a gander at this though... about 1.3 billion of those shares were "down volume." Grim indeed.

I dunno. I think we're in a bear market. While "the Fly" may punch my eyebrows off for making such a statement the fact is there is absolutely no leadership to lead this market higher. We need stocks forming bases and busting higher... instead, on the days we're up it's due to beaten down stocks squeezing shorts.

We're going lower.

3 comments:

HPT said...

Lets face it, there wasn't much of a US stock market bull rally, considering when we were making new highs the leadership was in hyped up momentum plays, such as China, Solar, and Crox type stocks. As long as Citigroup continues on its path, the market looks bearish. I'm seeing a lot of volume in the beat up financial sector, so maybe the recovery is in the not so distant future.

lisa said...

Hey DT,
Don't take your bad day out on such a wonderful company as Arbonne! We won't delve into your "impeccable musical tastes."
:-)

Dinosaur Trader said...

lisa,

The market needs Arbonne right now. Do you sell lipstick? We have a pig.

-DT