Friday, February 22, 2008

Virtual Office, $1268. SPX, +8.50, 1355.50.

Dehtrader, $481 on 7450 shares traded.
OBAT, $353 on 10,800 shares traded.
Sanglucci, $173 on 17,000 shares traded.
Me, $173 on 17,400 shares traded.
Ainkurn, $89 on 300 shares traded.
Wincity, $18 on 400 shares traded.
Retardo, no trades.
Timmay, no trades.
Denarii, -$19 on 600 shares traded.

Charlie Fucking Gasparino... the man responsible for the 250 point end of day rally in the Dow.

All I have to say is, a lot of people are going to call for that dude's head should the bond insurers not get their bailout this weekend.

Anyway, before the market freaked out there at 3:25, it was a slow grinder of a day. We made a strong move down in the morning, but on no volume, and then churned until the Gasparino rally ensued at 3:25.

We traded just over 1.4 billion shares on the NYSE and the VIX dropped a point, to 24.06.

Our new member Ainkurn made enough to go out to eat. Ducati, was AWOL on his first day... never a promising sign. Perhaps he didn't like the video. For now I'll assume we're having email issues... for whatever reason, his email travels at 1997 Internet speed.

Have a sweet fucking weekend.


TraderCaddy said...

Nothing happens by accident on Wall Street. I noted how the XLF moved in a tight .10 range for over two hours even though AAPL and the DJIA were getting clipped. I spent all afternoon watching XLF figuring something was up. Usually, I spend Fri. afternoons tring to figure out via price action what is going to be in Barrons over the weekend. Sometimes it is very obvious. The SEC is a joke. I would be checking out unusual options activity in the financials duting the Fri. PM.

Dinosaur Trader said...

It all seems to be one big joke.


TraderCaddy said...

DT- Yes it is, however, the goal of the game is to be on the side of the joker and not the jokee.

Dinosaur Trader said...

I mean, what's so bad about letting the market go? Businesses fail, don't they? They SHOULD fail if they fuck up... isn't that how capitalism works? And when they fail, another business that is smarter wins...

I dunno. I don't like it.


EquineTrader said...

I had no trades, I told you that yesterday... my next day will be Tuesday, if I still ahve money in my account, lol.

TraderEY said...

Man, I got killed on the rally. It was crazy..

Dinosaur Trader said...


Yeah, that was the kind of rally that could have easily killed people, long or short.

The thing that made it tough is that almost simultaneous to the ABK (good) news, was news that MBI could get their rating downgraded (or something bad like that) which causes a quick, very sharp pullback (that doesn't show on 5-min charts).


Rob said...

I had the best day all week made up (and then some) for all of the bullshit during the week. I shorted 1000 aapl at 122.24 and rode that fucker all the way down to 117.59. Luckily i didnt get stopped out by that nasty upsurge at the end of the day...that was my support target. Hopefully loose lips dont sink ships.