Thursday, November 1, 2007

Virtual Office, $3822. Dow, -362.14, 13,567.87.

Evolution, $1484 on 65,400 shares traded.
Me, $1202 on 75,800 shares traded.
Misstrade, $1100 on 1000 shares traded.
OBAT, $208 on 11,600 shares traded.
Wincity, $70 on 600 shares traded.
Denarii, $65 on 5600 shares traded.
Akalawoo, no trades, zzzzz,
Stewie, vacation.
Dehtrader, -$307 on 6800 shares traded.

Wow, well we had a great day in terms of volatility rising as well as volume traded. Over at Wallstreak I tend to trade barbs with Mr. Ragin Cajun, a permabull. It's fine to be bullish, I often am... however, everyone needs to note that volume rises whenever this market sells off and retreats when it goes up. That's just not a bullish trend. We traded almost 1.8 billion shares today on the NYSE.

Fine, whatever! It's been like that since February... it may just be like that until the end of time. Dow 50,000... whatever.

I'm all for a rising market, but this bull market is 5 years old. That's more than a little long in the tooth.

The market is just like a growing tree; sometimes limbs need to be cut to keep the tree healthy.

Poetic, no?

Anyway, we gapped down a lot. I had a hard time really getting good intraday traction. It wasn't the blowout day that I expected here in the VO... go figure.

Meanwhile, go welcome Wincity.

NOTE: Oh, I almost forgot to mention that Maria Bartiromo is a big idiot for once again focusing on the MOC sell orders on a day when we're down 300+ points. I want her to mention the MOC sell orders the next time we're up 10 points on the Dow if they're so important to her.


Bubs said...

I think my fuzzy friend had something to do with the volatility today. Screw Clarence and the Wombat and call the Aye Aye

Dinosaur Trader said...


Remember, we want to beckon Volatility... we don't want to scare it away!