Friday, January 18, 2008

Virtual Office, $1449. Dow, -59.91, 12,099.30.

Evolution, $2074 on 31,400 shares traded.
Wincity, $87 on 100 shares traded.
Denarii, $86 on 1000 shares traded.
OBAT, $2 on 13,000 shares traded.
Dehtrader, -$119 on 5250 shares traded.
Me, -$681 on 38,800 shares traded.

Again, we had gigantic volume on the NYSE as we traded about 2.5 billion shares. That was definitely helped along by options expiration, but still, it was a heavy volume day.

Oddly enough, even though we broke the lows of yesterday, the VIX closed down a point.

Evolution had the right idea today. Make money early and leave. Almost to a man, my entire office was up decent midday and gave back from 2pm on. We all got caught trying to catch a bottom.

Picking bottoms in a bear market is not a good game to play.

Anyway, we're off on Monday because of MLK day. Should be an interesting weekend politically as the Republicans hold their South Carolina primary. Also on Saturday, is the Nevada primary.

Good stuff for us political junkies.

Enjoy the holiday.

1 comment:

Bubs said...

I had a the a very similar day today. Was up a decent amount in the morning only to give most of it back. Enjoy the break.