Thursday, February 21, 2008

Virtual Office, -$2914. SPX, -12.50, 1346.50.

OBAT, $151 on 13,200 shares traded.
Denarii, $63 on 1200 shares traded.
Wincity, $18 on 400 shares traded.
Retardo, no trades.
Me, -$546 on 45,800 shares traded.
Dehtrader, -$1100 on 5900 shares traded.
Equine, -$1500 on 3100 shares traded.


The VO is in a tailspin.

There were only 2 people down in my real life office today, me and one other guy. So, in short, the VO sucked today. Except OBAT. He's probably already at the dentist, getting a new gold tooth or something.

We traded less than 1.5 billion again today and the VIX rose .84 to 25.24.

Anyway, again, I'm a little confused by the current action in the market. I'm bearish, but this volume on the downside is pretty lame. Perhaps "the Fly" is right and bears are a bunch of tired, cranky, old men. They sure seem that way right now. I mean, all the headlines are bad and the market isn't even close to the January lows.

Well, at least I have Ragin's gay stock contest to look forward to. My pick (short SWC) is rising just in time to drop for next week.

Oh, and let's hear it for BDC and his amazing fucking call on SMTX. And with Castro out of power in Cuba, perhaps his SHERF will begin to move as well. He's famous, as stock message boards all over the Internets are heaping praises upon him and his analysis.

That's what you get here at Dinosaur Trader's blog. Quality.

NOTE: We will have a new VOer starting tomorrow.

UPDATE: Make that TWO new VOers tomorrow...

10 comments:

JakeGint said...

Got you a new bumper sticker for the site, Dino.

Dinosaur Trader said...

Nice find, Jake.

-DT

Bubs said...

I remember when I was in the the VO $150 would put you at the bottom of the list. Maybe I need to make a return and bring Clarence back.

Dinosaur Trader said...

Bubs,

If you're willing to pay the $10,000 fee again, you are, of course, welcome.

Meanwhile, we don't need Clarence, we have some other freaky animal that isn't a drug addict.

-DT

swift_trader said...

DT,

The market is so fucked up and is beating the shit outta me in the last days and i cannot find power to post my daily recaps. I was off to a great start of the month. then in 2 days i lost almost everything. then i started all over with fresh energy and motivation and after the last 2-3 days i am back to +1500 for the month :( i really dont understand the market. yesterday the market was overwhelmed by bad news - inflation, housing, the fed economic worries...everything sucked so i kept shorting the whole day the financial market. for some reason the market ripped of 3 times making me look like a fool :)

today i kept going long and all bounce backs thinking stocks are at bargain and might make some rallies up but ooof course again in the ass. the market has totally shaken me out of my confidence. i am in one of those periods that i dont know what do. any advice ? i dont know if its me, the market or both

swift_trader said...

*small correction to the post above - shorting the financial SECTOR... :)

Dinosaur Trader said...

swifty,

I don't have any specific advice to trade this market. As you can see, I lost money too.

However, I can at least offer some general slump advice.

1. cut your size
2. do research
3. keep your chin up

-DT

swift_trader said...

i think my main problem is 1. overtrading and 2. trading too many shares at the same time so there is always the probability that one is gonna fuck me up.

tapeworm said...

LOL...OBAT getting a gold tooth

Dinosaur Trader said...

You know how "blingy" he is...

-DT