Wednesday, April 23, 2008
Sanglucci, $722 on 51,200 shares traded.
Me, $659 on 7400 shares traded.
OBAT, $215 on 6800 shares traded.
Ainkurn, $128 on 400 shares traded.
Denarii, $3 on 6008 shares traded.
Retardo, no trades.
Dehtrader, -$1793 on 2450 shares traded.
There were ridiculous moves in stocks today... again, the agriculture names, (specifically LNN, CF and POT) and the coal stocks were nuts. Oh, and the metals had their fun as well.
In this type of environment, traders should be stacking cheese. But the VO has been somewhat cursed of late. We haven't had any big gains in awhile. Hopefully, this will soon change.
I don't think it's a coincidence that the VO has gone all lame with the complete lack of volume that April has provided. I know I sound like a broken record, but it's just not normal. My only explanation is that volume must be shifting away from the NYSE. I guess since hybrid market inception the stock is down 40% or so... coincidence? I think not. They lost their niche.
The NYSE is nothing but an ECN now, and it's really sad.
I haven't posted any freaky hybrid trades in awhile, but check out the open on EDU or FCL today. Shit like that freaks traders out...
Anyway, enough about that. More dinner guests, so no daily post. I caught some LNN on the bounce and short BG off $120 resistance. Those were my best trades of the day. I had wonderful entries on many other trades, namely CF and AGU longs at around 10:00am, but only with small size. The best news, was that my biggest loser was $15.
Hillary is a pirate hooker. As is Sanglucci... top man again.
I know... it's odd that I'm not complaining about a CNBC anchor. But Dinosaur Trader blog is always looking for new opportunities to mock "news personalities" and Ali Velshi, the CNN "money honey," needs to catch some heat.
I mean, if I turn on CNN and I see that dude's shiny head and stylish eyewear, I immediately have to change the channel. Dennis Kneale is an idiot, no one would argue otherwise, but at least he knows he's an idiot.
This Velshi guy thinks he's the bee's knees...
What is it with 3 year olds and the word "poop?"
I can pretty much ask my daughter anything right now and be sure that at some point in her response, she'll say "poop" and die laughing.
Me: "What do you want for breakfast?"
Me: "What are you going to do today?"
Answer: "Go to the park with Mommy... POOP! (laughter...)"
And on and on...