Thursday, January 10, 2008

Virtual Office, $9586. Dow, +117.78, 12,853.09.

Misstrade, $6987 on 21,200 shares traded.
Sanglucci, $1474 on 29,600 shares traded.
Evolution, $849 on 137,000 shares traded.
Retardo, $510 on 25 contracts traded.
Me, $181 on 24,200 shares traded.
Denarii, $170 on 1000 shares traded.
OBAT, $72 on 9400 shares traded.
Wincity, -$58 on 1600 shares traded.
Dehtrader, -$599 on 300 shares traded.


It's a trader's paradise.

We traded over 2 billion shares on the day and were lucky enough to have not one, but two significant news events drive big moves in the market.



The first came at noon with the pre-release of Uncle Ben's speech that hinted at "substantive" FED moves to come. It shows up on the above graph just after 12:00.

Then, just after 2:00 came the news that BAC is in advanced talks to buy CFC. Again, the market loved this and ripped.

The traders who have been primed for this market are making "cheddar," plain and simple.

The VO had a pretty solid day. Evolution has had a nice turnaround from his beginning of the year swoon. When you hit a rut, the best thing to do is cut your size, get your confidence back with small wins and then worry about the big days. Evolution is doing just that. Well done, ET.

Anyway, sorry this is so late. I went to pick my daughter up at 4 and then we were invited to stay for dinner. We'll be back on schedule tomorrow.

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