Wednesday, October 8, 2008

The RO Report, "Lucky Pierre" Edition

I have not led an overly sheltered life, however, before today, I hadn't heard of a "Lucky Pierre." If you haven't noticed yet, the RO has a rather ribald sense of humor.

"Lucky Pierre" is the new name for the top trader in the office on any given day.

The "Chambermaid" is on the bottom, and "Lucky Pierre" is on top (and the bottom, I guess, but I'll let you figure that out.)

And while were on the topic of getting fucked, let's discuss the state of the market, shall we? All day long, people were talking of "bounces" and "bottoms" and shit like that. The big problem, from the get-go, was that the volume wasn't there.

After the morning rip, in which shorts covered, the volume dried up. Overall, the volume wasn't bad, however, when "the bottom" comes, I expect we'll trade 4 billion shares on the NYSE alone. That's the kind of volume we're gonna need to convince me that Fear and Greed had their epic battle.

Sure you can look at the VIX and say it's at all time highs, but who gives a fuck? Every day, it's at an all time high, it's breaking out! Who knows how high it could go? It's an historic move.

Anyway, the RO did well. Many traders made solid money, even if no one had completely crazy days. Out of 26 traders, 17 were gross positive, or 65%. 6 traders were up over $10,000 gross; very nice to see the wealth so spread out. I was #9 of 26, up nicely, but somewhat disappointed in my "mookishness." I made some great trades but with very small size.

The Bosses get top billing today.

"Lucky Pierre" - Trader B, $47,365 on 1.2 million shares traded.

2. Trader D, $41,834 on 563k shares traded.
3. Trader A, $17,088 on 403k shares traded.
4. Trader E, $11,858 on 210k shares traded.
5. Trader F, $11,645 on 313k shares traded.

And then there's the Manservants...

"Chambermaid" - Trader C, -$15,888 on 575k shares traded.

2. Trader I, -$1,817 on 40,400 shares traded.
3. Trader V, -$1,487 on 80,800 shares traded.
4. Trader M, -$1,485 on 100 shares traded.
5. Trader N, -$1,427 on 55,200 shares traded.

Tomorrow is Yom Kippur. I'm not even sure if it will effect volume though.


ilscfn said...

i think lucky pierre should be the median trader. we need a new name for the top boss.

also i think people are thirsty for more info. how bout throwing everyone's stats up every day? (gives u a lil more work to do hehe)

- ils aka trader e

Dinosaur Trader said...

The RO is constantly evolving. Should a better name come up, I'll change it.

As for more stats, I'm not sure if I want to get involved with all that typing... maybe I'll talk to "C" about automating it somehow.


Stewie said...

god! 1 million shrs traded. UNREAL! so how much would the commish be after you've traded 1 million shrs? thanks DT.