Wednesday, February 20, 2008

Virtual Office, -$1070. SPX, +3.10, 1358.50.

Dehtrader, $551 on 5320 shares traded.
Me, $324 on 21,400 shares traded.
Timmay, $93 on 2200 shares traded.
Denarii, $76 on 2400 shares traded.
Wincity, $54 on 400 shares traded.
Retardo, no trades.
OBAT, -$343 on 16,400 shares traded.
Sanglucci, -$634 on 34,800 shares traded.
Equine, -$1191 on 1500 shares traded.

Well, it was a wild one today.

The market ripped 200 points from 12:00 to 3:00. Sounds good, right? Problem was that most of the move came on just 3 or 4, 5 minute bars. Meaning, if you missed the spikes, you go caught in the chop. It was a very mixed day in the real office today. A few traders got smoked, a few made some money. I don't think it was easy.

We traded just under 1.5 billion shares on the day and the VIX dropped a point, to 24.40.

I'm not sure what to make of the market here. The FED minutes sounded bad to me... oil is over $100 a barrel and commodities are ripping meaning that inflation may well be in our future. Unless growth is going to take off (which is hard to imagine with the housing market still in tatters) I'm not sure why we're rallying here.

Time will tell.

Meanwhile, funny story. Fox Business Network wanted me to do their gay little happy hour thing today between 5 and 6pm. However, I'm busy. So I emailed Timmay and he'll take part. Is he not the biggest media whore?

Anyway, if he mentions the VO I promise to read and say nice things about his book... like, it's the "Catcher of the Rye" of stock trading books or something like that.... oh wait... someone already said that.


Retard Trader said...

I'm sure that you can do the dishes or the laundry later, your family won't mind. Go be on TV for an hour, that way you can mention the VO.

Dinosaur Trader said...

Nah, my politics doesn't mix well with FBN.


Retard Trader said...

Yep, that's supporting the free press.

tapeworm said...

i've noticed that dehtrader is on top of the vo almost every misstrade afraid of the new competition for top dog?