Thursday, January 31, 2008

Virtual Office, $1472. Dow, +207.53, 12,650.36.

Evolution, $3384 on 43,600 shares traded.
OBAT, $302 on 9800 shares traded.
Retardo, no trades.
Wincity, no trades.
Denarii, -$125 on 2200 shares traded.
Me, -$654 on 44,400 shares traded.
Dehtrader, -$1435 on 4250 shares traded.

What a crazy day.

We rallied over 400 points from the lows of the day to the high on excellent volume. We traded over 2.1 billion shares on the NYSE and the VIX dropped 1.37 to 26.25.

So why didn't I make money? ARGH!

Anyway, at least Evolution stepped up to save the office and do a sweet repair job on his rocky month to close out in style. Nice work, ET.

I think Denarii summed it up quite nicely when he said, "If I had just held my longs from the morning, I would have tripled my monthly profit." Exactly. Today was a buy and hold type day...

There were some clouds on the horizon at the end of the day though... GOOG missed earnings and just before the close, S&P cut their rating on FGIC and said MBIA and XL may soon get cut.

Looking forward to February. Let's hope it's as trader-friendly as January was...

NOTE: This is the last day I'll report the Dow number with the VO. From now on I'll report the S&P 500 since it's more representative of the overall market.

Also... who will be the new VOer? Details Monday...


Tyro said...

Whoah, Denarii is not only trading two accounts, but he must be trading 10x his regular size 'cause I've never seen four-figures on any of his trades, let alone a loss.

Dinosaur, you sure you aren't trying to make him look bad before the new trader comes aboard? Not very nice.

Say, where is Dehtrader anyway...?

Dinosaur Trader said...

HA! I missed that... it's Dehtrader there.

Thanks, I'll fix it.