Wednesday, January 23, 2008

Virtual Office, $11,247. Dow, +298.98, 12,270.17.

Me, $6442 on 45,600 shares traded.
Sanglucci, $2900 on 39,000 shares traded.
Evolution, $1028 on 12,200 shares traded.
OBAT, $681 on 12,800 shares traded.
Dehtrader, $248 on 7180 shares traded.

Wincity, $18 on 200 shares traded.
Retardo, no trades.
Akalawoo, no trades.
Denarii, -$70 on 1600 shares traded.


DAMN!

The market rallied 600 points from the bottom on unbelievable volume to close up 300 points on the day. This was the catalyst. The bond insurers getting a bailout.

A trader's paradise.

As "obvious" as the rally seemed at 3pm when the robots couldn't hide their volume with diced up 100 share orders, it was nonetheless somewhat hard to hold. Stocks were taking fairly wild swings, shaking traders out left and right. Of course, if you bought early enough, you had an easier time holding... if you missed the early part of that rally it was probably somewhat frustrating.



A short term bottom is in. Unless we get hit with disastrous news, we should be somewhat safe here... if the FED cuts by 50bp next week, we could be off to the races for awhile... if they don't we could revisit the lows. We'll see.

This bonanza may tail off a bit now. Still, with earnings season upon us there should be plenty of opportunities. It's all about January 30th and "Ben the Beard."

2 comments:

tapeworm said...

nice job!

Anonymous said...

Fuck, well done.