Monday, December 1, 2008

Babbletron, "The Clock Song (Prod. RjD2)

Trader Z spray pick.

The RO Report, "1955" Edition

After watching that ten year plummet today to 1955 levels, I find myself getting a little obsessed with 1955. I mean, do I have to start putting grease in my hair? Is it not cool to surf? Will I never get laid again? Should I become a Dodgers fan?

Anyway, I found this interesting, although I fully admit that I'm not quite sure what it is. It seems to put a dollar amount to the Dow. In 1955, the Dow was worth $451. In November it was worth $7,997. (Perhaps he's averaging what the Dow was worth over the entire month.)

I dunno... point is, we're not yet really poor, but we're getting there.

For the majority of the trading day, the RO was really poor. And in fact, the Manservants had a great day. But I didn't even know they were dominating because I was mesmerized by the performance of "Trader Z" in the afternoon. Here's a guy who lost pretty big the last two days, came in this morning, had a massive loss, and was able to put it behind him, think clearly and execute a brilliant end of day strategy that saw him swing from -$16k to up over $30k. It's rare to see that kind of dominance over emotion in the face of such numbers.

Also, I just want to say a word concerning the large losses posted today by Trader B and Trader D. Don't just blow them off... those are big losses and I tend to think people have become somewhat immune to some of the numbers I post here. Don't get blind to the pitfalls of this job... Yes, people have made massive money these last few months, but that's because they're taking massive risk. You always have to respect the money.

Luckily, B and D are two of the best traders I know, so by the end of the month, today will probably be a footnote for them.

Anyway, out of 21 traders, 10 finished gross positive, or 48%. 8 traders made over $1,000 gross, but 10 lost over $1,000 gross. It was a tough day for counter-trend trading. I was #8 of 21.

For such an outlandish move, the volume was mediocre, although it really picked up into the close. The Manservants take it today.

"Chambermaid" - Trader D, -$74,938 on 468k shares traded.

2. Trader B,
-$67,567 on 782k shares traded.
3. Trader 10*,
-$8,871 on 2,200 shares traded.
4. Trader 4*,
-$6,525 on 0 shares traded.
5. Trader 9*,
-$6,089 on 500 shares traded.

"Lucky Pierre" - Trader Z, $34,445 on 191k shares traded.

2. Trader P,
$12,678 on 80,200 shares traded.
3. Trader V,
$11,167 on 51,900 shares traded.
4. Trader J,
$8,197 on 57,700 shares traded.
5. Trader A,
$7,698 on 204k shares traded.

Here is today's final "heat map." UGLY.

Ten Year Yield Lowest Since 1955


Here's some other shit that happened in 1955!

Winston Churchill resigned...

The polio vaccine was introduced...

McDonald's opened its 9th restaurant...

The Warsaw Pact was signed...

Disneyland opened...

Lolita was published...

Rosa Parks was arrested for refusing to give up her seat on the bus to a white person...

Don't Invest In Stocks

This collectible plate is where it's at, my friend.

There's a strict limit of only 2 victory plates per caller! And the entire issue has been limited to 65 "firing" days... after that, they're breaking the mold and NO MORE PLATES!

So ask yourself... if you're lucky enough to have $20 to spend, would you rather have 3 shares of Citigroup, or a collectible plate?

BTW: LOFL @ 0:12-0:13....

Quiet Monday For DT

After Friday's "ass-blasting," I came in this morning a much-humbled trader. But you know, it's a good thing.

I spent the weekend reorganizing all of my sector lists thanks to my new favorite site, "Finviz." They really have a great screener. I highly recommend it.

The whole experience reminded me how often you need to re-start with this occupation. It's like none other. Everyday the market changes and you need to constantly adapt and remake yourself. You will be humbled and you need to learn from those experiences, or else you will fail.

Anyway, so I missed the morning carnage and have been trading very lightly. We've given back roughly a third of our run from last week. At 1:30, "Beardo" will be talking. The volume is light. In other words, there's really no reason for me to trade until the close at this point. See you then.

Meanwhile, get a load of the morning "heat map."

UPDATE: Also, nice post from Clusterstock comparing bad bear markets.

Another Interesting Search

Here's a good one. Some poor soul out there was trying to search Yahoo for "scrotum" but misspelled it "scotrum" and found my illustrious site...

Clearly, my guerilla marketing campaign is working.

NOTE: "the Fly" has added a new tabbed blogger. Go welcome "Chart Addict" to the site. As I quipped yesterday, iBC has so many tabs now it's "too big to fail."