Price Matters

BellaMike Bellafiore's (Bella's) Blogs2 Comments

During two video review sessions today price was undervalued by our traders.  For active day traders price matters.  One of our talented new traders bought consistently at poor prices and was negative trading RIMM, while almost everyone else on our desk was in the green.  Let’s talk about price some more.  Wharton Junior was trading GS and added to his … Read More

So Weak. So Weak!!

gmanGilbert Mendez's (Gman's) BlogsLeave a Comment

Yesterday we had a ridiculous sell off. Three days worth of gains got completely eliminated. Yes, we were expecting a pullback because the market had been walked up on light/moderate volume during the holiday, but yesterday’s price action shows there is fear in the market again.The price action yesterday put us today in an uncomfortable position. You could argue that … Read More

End of the Month Review

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

I love stats. One of my favorite books is MoneyBall. Presently I am hooked on the wOBA that Rob Neyer has been blogging about. When I read rumors about the Yanks getting Sabathia or Burnett or Lowe I immediately check their important stats, such as their WHIP and strikeouts per innings. For me the idea of being able to quantify … Read More