This video, is hilarious.
Wednesday, December 10, 2008
This video, is hilarious.
I know we have a few weeks to go before Christmas comes, but the market is trading like it's ready to take an early holiday vacation. Unfortunately, when I went neutral after we hit the 50dma on the Dow on Monday, the market decided to listen. We seem to be caught in this 8600-9000 "death range." Volume is slackening and the intraday ranges are getting smaller.
Of course, this could be contraction before expansion. It could be like, I dunno... the market could be swimming in a really cold lake, but soon, it's gonna get out of the lake, dry off, and meet its girlfriend in a cozy little cabin by the lake... hmmm...
I'm not taking that analogy any further. Frankly, I'm slightly bothered it popped into my head.
All day, the RO was hating on me because I made a little money in the morning in coal longs (which I shouted scums!) and they were busy getting smoked. Towards the end of the day, when I still hadn't lost my money to join them in their misery, they were like a drunken crowd of fat ugly women tearing some hot chick apart.
Or, maybe this Bob Dylan lyric is more to the point...
While one who sings with his tongue on fire
Gargles in the rat race choir
Bent out of shape from society's pliers
Cares not to come up any higher
But rather get you down in the hole
That he's in.
By the end of the day, they caught me and I wasn't even a boss. They're out there, reading this now, some of them no doubt snickering but here's why I win... I have a really nice blog. Like, it's really important and people connect with it. And you know, they're just jealous.
LOL in your FACE office!
Anyway, out of 25 traders today, 15 were gross positive, or 60%. 6 traders made over $1,000 gross, while 5 traders lost over $1,000 gross. I was #6 of 25. All kidding aside, kudos to Traders Z and N for their solid comebacks. Still, it wasn't enough to prevent the office from "manservitude" today.
"Chambermaid" - Trader D, -$11,627 on 561k shares traded.
2. Trader C, -$10,212 on 342k shares traded.
3. Trader E, -$2,034 on 69,400 shares traded.
4. Trader J, -$1,879 on 52,600 shares traded.
5. Trader H, -$1,379 on 8,700 shares traded.
"Lucky Pierre" - Trader Z, $6,191 on 263k shares traded.
2. Trader N, $4,314 on 214k shares traded.
3. Trader 9*, $3,748 on 1,800 shares traded.
4. Trader P, $1,781 on 288k shares traded.
5. Trader 6*, $1,643 on 0 shares traded.
NOTE: Tis the season for my annual Best Stock Market Blog post. If you're currently not on my blogroll and wish to be included, please email me and my "Best Stock Market Blog Post Committee" (BSMBPS) will review your submission. Thank you.
"Trader E" sent me this pic... I thought that "drinking your own pee" was a fitting metaphor for the market. Meanwhile, I'm really hoping 8600 holds. If not, my new 8600-9000 trading range theory will fail.
Perhaps... Let's just hope that Timmay! isn't the face of it.
I'm not sure if anyone has ever noted just how arrogant this dude seems... well, let me be the first to say it, Tim Sykes is a dick. He's up 219% because he's trading a small account. If he had any real balls, he'd be in the RO and holding 2 or 3 million of stock intraday. Oh, I know he did that back in the day, when he ran his gay little hedge fund, but that's when a 200 point move was a big deal.
Man up, Timmay! And email me for office info.
4 year olds are interesting creatures. My daughter has become obsessed with our Christmas tree and now takes all her meals at a little table (previously used for crafts) she set up about 4 feet away from it.
The first thing she does upon waking up is to run downstairs and turn on the lights.
But in a sure sign that she doesn't yet fully grasp Christmas cheer and the meaning of the holiday, last night she remarked that, "when people die, we can steal their houses."
The trader inside of me smiled, but the father was somewhat alarmed.