Wednesday, May 14, 2008

Edwards Endorses Obama

In a move to "solidify support" within the party...

One question... had he done this is February would the nomination race ended months ago, thus saving us from all types of awful news coverage?

You're 5 months late, Mr. Edwards. DT had this race sussed on January 2nd.

Punk.  Go weep on poor people.

Morrissey, "Suedehead"

I'm Rich!

I had a couple of decent trades today and one heart breaker. Which would you like to hear about first?

The heart breaker?

Seriously... you people suck. You just come here to make yourselves feel better about your own shitty trading. Here's the heart breaker.

First of all, I have a very closely-held watchlist. True, HCPG and some other "election rigging" bloggers make a big deal about their watchlists... but I guard mine with my life. I certainly wouldn't share it with you since you're so intent on watching me fail.

HRS was on my watchlist this morning. I was watching for a "base and break" to $60 trade.

Worked beautifully if you were patient enough to buy at .77, instead of at .65. Ironic, I know, but there was no pullback after .77... the thing just soared.

I loved this stock at $59.65... I really thought this was going to be "the one" to help boost my confidence. If any of you HCPGers are lurking, here's why I liked it so much. Same thing as YGE yesterday... It started a little wild and volatile, and slowly edged up to the high of the morning in an ever-tightening range. The volume was okay... but ultimately, I was early.

Anyway, speaking of HCPG, here's one I caught today that I think they mentioned back in mid April, CY.

Here, the target was $30. CY is kind of a stealth solar play... not sure why. Trust me. Anyway, with the solar stocks strong again, led by Ragin's FSLR, I was keeping a close eye on CY from the open. You'll notice that the chart below is a 1-minute graph. I now find it useful in the first 20 or 30 minutes of trade to watch 1-minute graphs... there's just so much action/information in the first few minutes of trade that a lot of it gets lost on a 5 minute graph... even on a 3 minute graph.

As you can see, this wasn't exactly a "pretty" trade for me... but fortunately, it was profitable. I'll work on "pretty" later.

Okay, and my other good trade today is another from my watchlist... CFX. This one I was watching for a run to $24.

Anyway, I hope I can build on today's gains tomorrow. I feel good again. I need to re-read my posts from last week... to remember exactly how I fucked it up so badly.

Here's the stats:
P&L, $345
Best, CY,
Worst, HRS,
9400 shares traded.

8 stocks traded, 5 winners, 3 losers.

NOTE: Check this post for a discussion on stops... it "riffed" off of my "respecting stops" post from yesterday...

Virtual Office, -$604. SPY, +0.29, $140.84.

Tokyo, $565 on 719 shares traded.
Me, $350 on 12,000 shares traded.
OBAT, $273 on 8000 shares traded.
Denarii, $21 on 8400 shares traded.
Tardo, nothing.
Timmay!, nothing.
Ainkurn, -$398 on 500 shares traded.
Sanglucci, -$1415 on 12,600 shares traded.

It was a pretty active day for the indexes. They all ran early and then sold off hard into the close. The Dow dropped over 100 points in the last hour and a half of trade. Volume, which was quiet all day, picked up late. I mean, the market still closed in the green, but only because the government won't let it close in the red anymore...


Anyway... it was a mixed day for the VO. Our newest member, Tokyo Trader, took the top slot. He edged me out... so instead of saying that he had a "nice day" or something "team building" like that, I'll say this... I hate Tokyo. I spent 10 days in Tokyo... I can't tell you how many times I got bodychecked by aggressive old Japanese women on the subway.

Meanwhile, Sanglucci took it on the chin again... I'd link him up and say "go visit his blog to see what went wrong," or something, but the fucker doesn't update his blog anymore... so, no linky. Perhaps if he updates his blog, mother market will let him make money again.

Finally, I have this idea for the VO which I'm not yet ready to share. However, pretend I had a mass of traders and I could report their P&Ls but not their real names... I need nicknames. I was thinking of historical Wall Street figures, and I have other ideas too, like all the rabbits from Watership Down and shit... but I figured I'd ask you people for some too... who knows if this will develop... I'm just doing this "in case." So, fire away.

NOTE: I haven't mentioned the VIX in some time... mostly because I find it too depressing. Adam, however, is just fine with discussing depressing. Note that he souped the post up with a shot of cheerleaders photoshopped as your favorite CNBC anchorettes.

Colbert Interviews The Anti-Gun Lobby

Man, this is classic. Dude is so damn smart.

Fuck All Cats

Long time readers of this wondrous blog know that last summer, we had a difficulty with one of our cats, Doc.

As a brief recap, we went away on vacation, and a friend of ours fed the cats. But instead of having our friend walk into our basement to feed them (people have entered our basement and never returned) we brought the food bowls into the kitchen. This seemed to trigger a strange reaction in Doc, and he started using our kitchen as his litter box.

Apparently, "don't shit where you eat" doesn't apply to cats.

If you've never had the chance to smell cat urine, consider yourself lucky. It's a vile, thick smell that is very hard to mask.

We worked out the problem, and after months of retraining, Doc resumed using his litter box in the basement.

Then, this morning, on my way back from a dawn patrol surf session, I got a call from Judy. "I have some bad news," she said.

I'm half Italian. When the phone rings and the voice on the other side tells you that they have "bad news," you're pretty sure someone has died. However, when Judy told me about the puddle of pee in the middle of the kitchen floor, I almost wished my Uncle Santo had died instead... he's had a nice, long life.

Anyway, I came home to find Doc sitting by the crime scene, nonchalantly licking his paw. "I will fucking ruin you!" I shouted at him... he looked up, without a shred of fear, and walked past me to lay in a sunspot.

So, fuck all cats.

O'Reilly At His Best

Maybe the only time I've been able to watch him for more than 5 seconds...

See more funny videos at CollegeHumor

"the Fly" Wins Again!

Congratulations to "the Fly" (small "t") for getting recognized by some third-tier Canadian newspaper... Actually, since Canada is a fourth or fifth tier country, and it's a third-tier newspaper, that really waters down the significance of the event... 

I guess it's not a big deal afterall.

Well, at least it spurred on the comment section of this post.  That "Martinez" bit and the karma points gag, was classic.