Evolution, $1776 on 54,800 shares traded.
Me, $615 on 34,600 shares traded.
HPT, $600 on 42 contracts traded.
Tapeworm, $145 on 2 contracts traded.
OBAT, Hong Fucking Kong.
Misstrade, watching football.
Denarii, tanning.
Bubs, -$104 on 1000 shares traded.
Akalawoo, -$113 on 8 contracts traded.
Wow, the market got creamed. Did we not see this one coming? Also, the move came on the strongest volume in weeks at 1,460,231,000 shares. Say it with me, D-I-S-T-R-I-B-U-T-I-O-N.
One note... Mary Thompson said today's move came on "low volume" and therefore that was "good news." Say it with me, I-D-I-O-T! I mean, how do you report for the biggest financial news network and not know when the market is flashing distribution?
Lots of talk on CNBC about the rate cut. Everyone seems to be treating it as a fait accompli (appealing to my French readers there...) I mean, I think that's scary either way you play it. If it's so obviously coming, you'd expect most of the move to be priced into the market already. If it doesn't come... well, then you're screwed again.
Choose your poison, I guess.
Meanwhile, if someone doesn't get up there and "fave" this damn blog, I'll be forced to take those little buttons down. Just sign in to Technorati, "fave" it, and be gone. I mean, I'm blogging my heart out for you people!
Have a great weekend. Since the VO made money today, we'll let Akalawoo chill out a bit longer.