Wednesday, November 5, 2008

The RO Report, "Consolation For The Idiots" Edition

I already saw a headline on Yahoo that said something like, "Dow Drops As Investors Ponder Obama Presidency." Oh, so that's why we dropped? Funny. I don't recall him getting credit for the 300 point run yesterday.

All you need to know about today's drop, is that it was bound to happen no matter who won last night. We were overbought from the most recent bottom. 1500 Dow points in 6 trading sessions is overbought... anyway, I just wanted to clear that up.

Still, I titled the post "Consolation For The Idiots" because you'll find some over at "the Fly's" place whining about socialism etc. This tank was for them, so they can feel like they were right for one last time. It'll be fun to ignore the extreme right again for the next 4 years at least.

Anyway, but like I said earlier today, I won't be talking politics for awhile. That battle has been won.

So I'm back to talking stocks. Unfortunately for me, I had a rough day early, and only came back to close green at the very end of the day due to a REIT short that I started around 3pm and held to the close. The RO however, had a great day despite the low volume.

Out of 25 traders, 19 finished gross positive, or 76%. The top 13 traders all finished up over $1,000 gross. The bottom 3 lost more than $1,000 gross... however, 2 of those 3 were swing accounts. I was #11 of 25, or happy to be green.

The Bosses took it to the Manservants today, especially "Trader B." He sprayed nicely and will be posting this evening's musical selection.

Here' are today's Bosses:

"Lucky Pierre" - Trader B, $21,266 on 351k shares traded.

2. Trader F, $9,810 on 85,820 shares traded.
3. Trader J, $7,256 on 109k shares traded.
4. Trader Z, $7,175 on 61,940 shares traded.
5. Trader C, $5,117 on 232k shares traded.


And the Manservants:

"Chambermaid" - Trader M*, -$2,273 on 0 shares traded.

2. Trader 6*, -$1,430 on 300 shares traded.
3. Trader I, -$1,177 on 27,400 shares traded.
4. Trader U*, -$329 on 0 shares traded.
5. Trader L, -$147 on 43,800 shares traded.

8 comments:

Joe said...

DT said "I don't recall him getting credit for the 300 point run yesterday"

They only mentioned it about 573 times on CNBC yesterday.

And, you yourself yesterday said:


In short, the market just predicted a convincing Obama win tonight. Hopefully it will be the first of many "Obama rallies."

Dinosaur Trader said...

Oh shit, did CNBC mention it? I wasn't watching.

And yes, I gave him credit, but I didn't want to count myself.

Anyway, I stand corrected. Who really watches CNBC though?

-DT

Joe said...

Who really watches CNBC though?

-DT


Very true. I usually have it on mute, but yesterday I got sucked in by all the hoopla and caved in by turning up the volume.

Libby said...

You think the former writer of 100 percenter is going to lean left? Have you ever read some of his former blog?

goldendeceiver said...

I've read your blog over recent weeks at the suggestion of a trader whom I share office space with. All and all very good. I must take exception to your ideas on Mr. Obama however. Let me start off by saying that I never have or will be a registered Republican or Democrat. I fancy myself as indepenent all the way. I just don't understand how someone as intelligent as you seem to be can be hoodwinked into the same rhetoric that we've heard over and over. Look, I'm hoping for the best. I have a lot riding on it, including my 2 young childrens futures. I just don't agree that Obama is a change that we can all believe in. I hope that I am proven wrong!

Dinosaur Trader said...

@Libby,

I don't think I understand your comment... could you please explain?

@golden,

Thanks for reading. You're right about one thing, I am very, very intelligent. And look, you may be right about another thing, perhaps I am being hoodwinked. I'm generally a pretty cynical fellow, although I wish I didn't have to be. I guess in the end, I hope you are proven wrong as well and that Obama turns out to be a great leader. I think I've just felt really let down these last 8 years and am looking for something different... Obama was what was offered. There's no other viable third party at this juncture...

-DT

goldendeceiver said...

DT,
If you are half as intelligent as you claim to be, perhaps you should throw your hat in the ring 4 years from now??

Dinosaur Trader said...

Nah, c'mon, only an idiot would run for President.

I'd much rather spend my time hurling wisdom from the parapet of my third-tier blog.

However, if drafted...

-DT