Thursday, May 29, 2008

Virtual Office, $948. SPY, +0.84, $140.15.

Tokyo, $645 on 5009 shares traded.
Timmay, $105 on 600 shares traded.
OBAT, $88 on 5400 shares traded.
Me, $67 on 3600 shares traded.
Denarii, $21 on 8600 shares traded.
Tardo, nada.

Just take a look at the volume figures today for the VO. Surely times have changed when Denarii is the "big swinging dick" in terms of total volume traded. Meanwhile, Tokyo took a vacation from his vacation just to embarrass the rest of the VO with their inadequacy.

But hey, disparage the VO as a bunch of pikers, or whatever (fuck you if you do) but we've all been green for the last couple of days. I'm starting to feel that we've bottomed out. Naturally, that assessment is subject to change.

The market finished in the green on decent (1.2 billion... har, har) volume. However, that afternoon reversal is probably enough to give the bulls a little pause, especially with oil down nearly $5 on the day.

Oil was odd today... a huge drawdown and the price plummets... I didn't have CNBC on all day (perhaps why I'm in a good mood) but I imagine they were talking about "profit taking" and wondering whether "the top" has been made in crude.

Does anyone else find it really difficult to trade in the Spring? I just want to be outside. I'll have a daily post up later...

NOTE: Top dog in my real office today was up over $7,000.


mOOm said...

OIl zoomed up until the explanation came out that the oil was all in tankers waiting to dock in the US due to fog. I find that rather hard to believe but there you have it.

Pete said...

screw hcp and wsw - why are you not trying to emulate your real office guys? how about some guest post by one of them or some light on their methodology

Dinosaur Trader said...


Up until last week, the guy who pulled in 7gs today was down a lot on the month. I don't like drawdowns. I can't figure a way to trade as actively as I used to without constant drawdowns. So I'm looking for a more consistent method that will not only make me money, but keep me sane.