Wednesday, October 1, 2008

literally, literally, literally

Monday:
Fortis-nationalised, Bingley bankrupt, Wachovia may be bought over.
just how widespread is this financial crisis? even the dutch are affected.
buts it okay, everyone was crossing their fingers that the $700bln bailout wld be approved...
come Tuesday morning:
"bailout fallout"
so the republicans voted against it. of cos they were gonna vote against it.
they love to exercise their power to say " no", thats what they do.
imagine if such a thing happens to this little island ( choi, touchwood), would we even be able to vote against it?


i am so damn predictable, of cos im gonna blog abt my trading day in the "worst episode of NYSE"

this is how a financial Armageddon looks like:



haha im kidding, just that while trading we looked up and we had a rude shock.where was the usual blondie on cnbc?
would you like to hear about how i earned $62, n even up to $70 by 1230pm ?or the part where i lost it all in 15mins before the closing?
the short-selling ban is driving all of us nuts.
looky here
candle sticks vs volume chart below


(yeah i can do pretty collages but i cant be bothered to draw pretty arrows)
specimen symbol: MCW:macquarie countrywide trust
in the opening, the Volume significantly decreased, which totally justified the dip in prices.
everytime, there was a spike in volume, it was followed by an increase in price
but look at the closing
in a matter of 15 mins, ( this is a 5-min chart btw), the price plummeted from $1.005 to $0.92 this happened despite the Huge surge in volume!?
i was hoping so much that the increase in volume would mean somebody was finally buyin, but no, everyone was competing to sell at the ask price cos each person just wanted to get out of their positions and cut losses but this completely , forced prices to go down n down between gaps.
nobody had the sense to stop n let the price look less weak, cos our" worst fears" were confirmed, the" effects" of the bailout happening right there n then... panick-selling indeed.

im not too sure, but commonsense says:
there were no genuine buyers. that one dude who was manipulating the direction of the stocks the entire time prob took his earnings and left, leaving the rest of us to free fall
how bad was the free fall?

i literally saw the end of the book on the bid side ( on the left, in blue)
lesson learnt: im gonna cease trading by mid-day. going long when times r bad suck, but it doesnt mean profits cannot be earned.

this is such a typical trading day, u bask in the spotlight thinking you're a hero, then you take many punches at the end n walk out of the office feelin like a complete loser.
then u console urself: come tmrw, i'll be "harder, better, stronger , faster"
( if u're saying the line above in tune with the daftpunk song complete with hand signals, u're a genius)

aiyahyah
but on the other hand

our blogshop"across thebloodyuniverse"was literally visited by fashionistas all across the universe.
from edmonton, to poland, to korea to downunder.
thanks for the support : ) pls spread the word babes

dan finds this hilarious, the blog owner was really nice to ask me to be featured as "fashionista of the week" and of course being such an attention-seeking leo i agreed to it and she used some snapshots from chictopia.

likey like?

http://fashionista101.com/home/2008/09/28/fashionista-of-the-week/

big thank u to the girl (who is really young)and keep up the goooood work on maintaining the fabulous site : )

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