Wow... that could help firm up this rally.
More info here.
Wednesday, August 22, 2007
A lot of you may not like this song. However, it's important for you to realize that that doesn't mean it's a bad song... it just means you don't "get it."
Anyway, it's the first "real" video from the upcoming Animal Collective album "Strawberry Jam." I can't wait for it to be released. However, despite my anticipation, the record company probably won't release it any earlier, just to be nice to me.
Anyway, this video features a love story between a girl with some "mouth" issues and a space alien. They go to a carnival, engage in some high-school type pranks, hook up, get caught by the cops and then blast off to space together.
If you don't cry when you watch this beautiful story unfold, you're one cold fucker.
Find a new Animal Collective mp3, at I Guess I'm Floating. The guy who runs that blog, incidentally, has almost my exact musical taste.
NOTE: Tonight my daughter should go to sleep early. That raises the probability of me writing a non-stock market related post later tonight.
Not really a half day. I traded very lightly from 9:30 to 10:30 and then from 3 to 4pm. I think that will be my modus operandi for awhile.
I had more important things to do... like, go to a vacuum repair store.
Surf has been rough lately. Need the winds to shift.
Now, back to the market.
I got really lucky with LNN right off the open. I bought 200 shares at the open and sold it about 3 minutes later for a point. Silly, I know. But whatever, it was my best stock of the day. I made $180 in it.
On the other hand, I took a little smack in AVB today.
The REITS were rallying early and so I bought some AVB around $118.45. It immediately dropped. Ugly. Anyway, I didn't get crazy or anything, I just sold. Meanwhile, I've decided this stock trades like shit and so I'll be avoiding it from now on. I mean, if the stock is doing one thing while the REIT index is doing something entirely different I don't want to watch it.
So it looks like there was good money to be made today. The solar stocks were strong, the metals were very strong, and... well, most everything was strong.
Still, I'm happy to watch this market largely from the sidelines right now. If I can manage to make a little bit of money each day from here until Labor Day while also enjoying time away from the screens I'll be ready for the "real sell off" in September.
To me, this feels like a bull trap. However, time will tell.
Here's the stats:
Best, LNN, $180
Worst, AVB, -$140
shares traded, 12,800.
11 stocks traded, 6 winners, 5 losers.
Evolution, $459 on 24,900 shares traded.
Me, $108 on 12,800 shares traded.
HPT, $100 on 74 contracts traded.
Misstrade, $0 on 600 shares traded.
Bubs, no trades... becoming a suburbanite.
Denarii, -$42 on 1000 shares traded.
OBAT, -$312 on 17,200 shares traded.
Well I guess anyone can look at the Dow and think the witch is dead and all that but they'd be forgetting something really important about witches. Witches eat children.
And that's important, because if children are the future then this market is in trouble.
I mean, yeah, we've bounced from the "bottom" but on really low volume. I think the price action is great, especially in the metal stocks, but I wouldn't be out there buying this "rally" with both hands just yet. But that's me. I'm just a daytrader and therefore I suffer from chronic myopia.
However, I have to say the late-day rallies are encouraging.