Friday, January 25, 2008

Spam That Was Oddly Poetic

I received the following in my bulk email folder...

You were fond of roderick welman? Very fond. He is not so
inexplicable as it would otherwise be. 'when was this will
drawn up?' 'oh, about a year declared, that we ought not
to be that, aynesworth paths unworn, and the houses still
sweating from each help the other! The girl shook her head
with girl half querulously, but in such lovely speech school.
she was a sweet and lovely person. Very that this time it
was the big elderly square man what i ought to have known.
i knew verity, but.

The Beatles, "Dig It"

Coal Stocks Rip To New Highs

I woke up this morning a little late and rushed through my research. By the time the market opened, I just wasn't feeling "aggressive" enough to trade actively. The office jumped on the long in the coal stocks, which was amazing but I missed the whole move.

I mean, take a look at CNX... 8 points straight up.

So, I started looking short.

As it turns out, my top 4 stocks were all coal stocks today and I traded them all exclusively on the short side. ANR, CNX, WLT, and MEE. I didn't make loads of money in any single stock, my biggest winner was ANR and I made $252 in him. The key for my success today was keeping things simple. I also kept my volume really light.

I looked around and didn't see a whole lot else going on, so I just focused on the coal sector because it was moving so much. And I figured the volume was lighter today so I thought limiting my focus to just one sector was a good idea. In fact, it made the day seem really easy... perhaps I'm onto something there.

Anyway, so I'm turning the computer off for now. I'll be here all weekend. Stop by.

Here's the stats:

P&L, $817
Best, ANR, $252
Worst, TIF, -$39

14,000 shares traded.
12 stocks traded, 10 winners, 2 losers.

Virtual Office, $4196. Dow, -171.44, 12,207.17.

Dehtrader, $1372 on 3100 shares traded.
Evolution, $1122 on 82,800 shares traded.
Me, $817 on 14,000 shares traded.
Sanglucci, $538 on 11,800 shares traded.
OBAT, $187 on 8700 shares traded.
Denarii, $90 on 1800 shares traded.
Wincity, $70 on 100 shares traded.

Aw, look at that... it's like, the Virtual Office feel good edition.

All the traders who got a little smoked this week died and ended up in VO heaven. Meanwhile, everyone else finished green too. Perhaps I should just shut this blog down now while the vibe is so positive.

Anyway, we traded below 2 billion shares today on the NYSE for the first time since Tuesday. However, due to a mid-afternoon selloff, the VIX ticked up again, to 29.11. Good stuff.

With the "rogue trader" theory of FED cuts hanging over the market, I'd be very concerned about what the FED says next Wednesday. The volatility is here to stay right now. However, what's great is that it doesn't feel like the world is about to end anymore like it did just a few days ago. This means that there could be plenty of buyers around to provide nice bounces here and there.

I have no plans this weekend so I'll have more weekend posts than normal. Tomorrow is an important Democratic primary (South Carolina) so it could be an interesting day. Please stop by.

Also, since it was such a memorable week, I'll make a big link-whoring post full of some of the week's highlights.

Uh, Oh... HPT Blows Up AGAIN!

Wow. It's a good thing he's not a 56 year old fat guy. His heart would've given out there at the end...

Stock Trading disaster - Watch more free videos

UPDATE: It's a fake!!!

Of Montreal, "Dustin Hoffman Gets Indignant And Wets Himself"

I haven't posted a song in awhile. This one fits my relaxed mood today.

Morning Link Love

Good Morning

Time: 6:56
Mood: Relaxed