Afu-Ra, "Whirlwind Thru Cities"
Nice spray from "Trader B."
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.
DT Smoked In Early Trade; Obama Sucks
After a night of revelry and bacchanalian celebration I came to today's market with little energy. The market sensed my weakness and gave me a shitty stock to lose $1,000 in... So I'm currently "manservanted" and given that volume is lame, I'll be biding my time until the afternoon, when hopefully, I'll be able to cut my loss a bit.
Meanwhile, I was buying this piece of shit from 10:00 on. I finally blew out around 10:45. Most likely, I sold near the lows.
Barack Obama Elected President!!!!
Congrats to Obama, to all his supporters, and to America.
Now let's move forward.
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