Wednesday, April 30, 2008

Virtual Office, $5026. SPY, -0.63, $138.47.

Sanglucci, $4100 on 38,400 shares traded.
Ainkurn, $550 on 150 shares traded.
OBAT, $334 on 10,400 shares traded.
Me, $124 on 2400 shares traded.
Retardo, no trades.
Denarii, -$82 on 4800 shares traded.

Well, apparently "cake city" is somewhere in Brazil.

If you're a prop trader and managed to hear the news about Brazil getting upgraded by S&P to "investment grade" status when it came out, you probably made A LOT of money.

That is, unless you got all smart and tried to fade the move... (Note: As I wrote this, UBB dropped 6 points from its high, so there was money made fading as well...)

Sanglucci, current "cake king" around here, is learning Portuguese and moving to Rio de Janeiro. Congrats, Sanglucci. But let's not overlook our boy down south, Ainkurn. He says FSLR is his "bitch." He's thinking of upgrading and moving to Jackson, MS.

Ah, to be young and trading in the spring...

Anyway, the FED cut 25 basis points. The market rallied hard on the news and then reversed, all on mediocre volume. I'm always happy when these days come and go. I really don't like news driven markets... makes me feel dependent.

Just give me graphs.

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