Thursday, April 10, 2008

Virtual Office, -$2775. SPX, +2.00 1362.30.

Evolution, $393 on 62,000 shares traded.
Ainkurn, $199 on 350 shares traded.
Timmay, $180 on 3000 shares traded.
Me, $80 on 3400 shares traded.
OBAT, no trades, vacation.
Retardo, no trades.
Denarii, -$264 on 3000 shares traded.
Sanglucci, -$1046 on 14,600 shares traded.
Dehtrader, -$2317 on 3668 shares traded.

I came in bearish on the day (I blame "the Fly") and just couldn't believe it when we turned around and went positive with that "V" bottom at around 10:00am. We spiked up to the top part of the opening range, based for a minute and spiked even higher. At that point, I just couldn't step in and buy so I turned my computer off, and head to the beach for some nice surf.

Fuck this light volume market...

Still, even though the VO got smoked today, there was money to be made in the materials and coal stocks. My main office did okay, with 70% of the guys being positive, and a few making some nice cake.

I'm at a loss to understand what's driving this market higher. This low volume rally reminds me of the same crap we got this time last year... hopefully, we get a pickup in volume soon.

Again, I look to the start of earnings season to help us out.


JakeGint said...

I don't undertand this whole "office" thing. Can you 'splain, Loosy?

Also, what's with the guy trading 60k shares to make $300?

Sounds like a recipe for an early grave.

Dinosaur Trader said...


I'll throw up a post tonight explaining the VO.


Sanglucci said...

DT this jake character was the same one that brought up the overtrading questions before asking why we all trade this many shares and shit to make what we do...Mite wanna make a post explaining the prop traders

Dinosaur Trader said...


Yeah... I guess I have lots of explaining to do here.

So little time... guess I'll work on the VO explanantion post and get it up soon. Not tonight.

Fever back...