Trading journal: selected days

TraderPattern

Well-known member
339 7
12th October 2001

The last few weeks in the market have been highly significant. The market dumpage resulted in capitulatory buying on the back of the WTC disaster.

Profits were to be made on the short-side vis-a-vis airlines and insurance in the immediate follow-thru to the disaster. Security companies were also a source of long-side profits as events unravelled.

Friday had an interesting intraday development that the nimble-fingered scalper could capitalise upon. NBC released news of one of its employees contracting sub-cutaneous anthrax as a result of a literally poisonous letter.

I jumped aboard CPHD (a major developer of anti-anthrax products), managing to get in near the intraday breakout. I profitted handsomely from the trade.
 
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