Yes, for most it's Black Friday, but for others it's buy nothing day.
I missed it, true, but you can make any day a "buy nothing" day. Go check it out.
Friday, November 28, 2008
What an egregious waste of wealth there at the end of the day.
Apparently, there were many leftover Thanksgiving turkey legs... and whoever controlled the final prints in the REIT stocks decided to shove them directly up trader's asses.
Why do stocks with published buy imbalances print down multiple points when the market is ripping? What does it all mean? Cold winter? End of days?
Anyway, let's get back to our holiday. This day will go down in infamy. I'm sure none of us will be trading the day after Thanksgiving in 2009.
Out of 18 traders today, 5 were gross positive, or 28%. Pathetic. 8 traders lost over $1,000 gross, while 2 traders made over $1,000 gross. Worse yet, "Trader D's" bot is the "Lucky Pierre." I can't imagine the joy "Trader D" is feeling right now, reading this, knowing that he missed a disaster. I was #13 of 18 or really smoked. The Manservants rule.
"Chambermaid" - Trader A, -$32,076 on 504k shares traded.
2. Trader P, -$19,126 on 257k shares traded.
3. Trader Z, -$9,764 on 278k shares traded.
4. Trader V, -$4,912 on 66,800 shares traded.
5. Trader C, -$4,509 on 73,400 shares traded.
"Lucky Pierre" - Trader 10*, $8,092 on 2,000 shares traded.
2. Trader T, $1,043 on 0 shares traded.
3. Trader H*, $625 on 1,900 shares traded.
4. Trader U*, $174 on 0 shares traded.
5. Trader 6*, $79 on 0 shares traded.
Click here for today's "heatmap."
Sounds boring, but imagine you were leading an army to war each day... your troops get tired, they get unorganized, some of them "get gay." So it makes sense on a half day for me to just sit back and reorganize my screens and get my troops back together, so to speak.
In a way, it's almost therapeutic to make my sectors "tighter" and to make my layout more efficient. Crazy, but it's true, I find it relaxing.
If I bother to trade at all, it will be the last 30 minutes. And I could be wrong, but I don't think I'll have an RO post up this evening, because it looks like "Trader N" is being "all French" and taking a vacation day.
However, I will say this... I have a history post about 70% done. It won't be up today, but perhaps I'll work on it and have it up for next week. I'll make this promise... it will definitely be up by December 7th, because I can't go a full year without writing one.
Anyway, I hope you all had a restful holiday. Our family dinner featured a rousing discussion of squirrels... are they crazier this year than in the past? Most people at the table seemed to think that yes, the squirrels are "acting out" more than usual this year.
What does it mean? Cold winter? The end of days?