Monday, June 23, 2008

Virtual Office, $200. Dow, -0.33, 11,842.36.

Tokyo, $244 on 3 shares traded.
Me, $85 on 4000 shares traded.
OBAT, vacation.
Denarii, -$129 on 5600 shares traded.


Two words... summer doldrums.

We barely nudged over 1 billion shares today on the NYSE, and the VIX basically flatlined. It was dead. In fact, it was the lowest volume day of the year.

Now, that's not to say that the usual suspects weren't moving. Oil and gas names ripped higher, and there was plenty of intrigue in the fertilizer names... some moved higher, while BG got clipped.

In addition, the financial stocks seem to be heading straight to zero.

Anyway, not only can I trade 4-letter names now, but I also realized today that I wasn't able to get quotes on my Level 2 from either NYSE or NSDQ these last 6 months. Interesting. Not that I rely on the Level 2 too much, but still... Tomorrow, I'll be able to trade Nasdaq stocks, and I'll also be able to trade with complete information.

In theory, that should help my game, right?

As of noon today, my RO was completely smoked. The big winner was up about $2500, while the big loser was down about $10gs. I was #9 of 25 traders.

Meanwhile, shame on Obama for letting McCain steal this headline... this is what I talk about when I say we need to move forward, past oil. This is a good start. Much better than ethanol...

Going surfing (again).

4 comments:

HPT said...

Congrats on passing the exam. 2 words- coal stocks.There is some hardcore buying pushing these stocks up almost everyday. Probably due to China demand and as an alternative energy play.

StockHunter said...

Hey DT, on what email you can be reached? I'd like to ask you a few things.
TIA,
SH

Dinosaur Trader said...

SH,

It's under my profile which can be accessed along the right toolbar, towards the bottom.

HPT,

Yeah, the coals are wild... looking forward to the drop in PCX one of these days.

-DT

wincity said...

PCX did drop today, even though other coal stocks all made nice gains.

How did the guy lose $10K? Kind of a mild day out there.