Tuesday, January 20, 2009

The RO Report, "Croup" Edition

My daughter has picked up some 18th century illness. So, I am off to the doctor. The RO will be up later.

UPDATE: I always have a tough time the day after a 3 day weekend, and today was made even more questionable by the inauguration of Barack Obama. However traders enjoyed a real smooth move today, minus the chop from 12 to 2pm.

I always love a good, peaceful transition of power. Even if the Chief Justice garbled the oath... it was a great speech, and I think, glancing at C, and BAC that everyone must be rooting for Obama right now.

Not that he's here to fix the financial system... instead, I look at those stocks and see them as symtomatic of a sick country that hasn't been treated properly. The country has been coughing like a sick dog for the last 8 years and no one has been doing their jobs to make it any better.

Time to move forward.

I'm not even sure what to say anymore. Rarely have I ever felt so certain that so many stocks were going straight to zero. Are we entering an era where money is meaningless? We're not yet at the November lows on the Dow, yet C and BAC are basically worthless... I'm slightly confused and very concerned by this action.

Nonetheless, the RO had a decent day. Probably one of the best days of the new year in fact. Sure, we have a few accounts to the downside, but the bottom 3 were all swing accounts.. active traders did okay today. Out of 30 traders today, 18 finished gross positive, or 60%. 11 traders made over $1,000 gross and 6 traders lost over $1,000. Not great numbers by any stretch, but an improvement. I was #6 of 30. Pretty pleased.

"Lucky Pierre" - Trader B, $12,728 on 414k shares traded.

2. Trader P, $8,378 on 103k shares traded.
3. Trader A, $6,096 on 302k shares traded.
4. Trader C, $4,410 on 116k shares traded.
5. Trader D, $3,247 on 190k shares traded.

"Chambermaid" - Trader H*, -$13,703 on 18,100 shares traded.

2. Trader 10*, -$6,849 on 7,000 shares traded.
3. Trader 9*, -$3,070 on 800 shares traded.
4. Trader I, -$2,588 on 49,800 shares traded.
5. Trader F, -$2,201 on 64,800 shares traded.

4 comments:

Anonymous said...

how were traders doing on friday

thelonelytrader said...

Did ya take a look at the FTSE? Holy crap! And we though we had it bad...the entire UK gov was downgraded! To the same level as Spain. Spain for chrissake!

thelonelytrader said...

By FTSE, I mean the financials -- and take a look at GBP. Holy crap. Will there even be a banking system in the UK after 2010?

Dinosaur Trader said...

Anon,

Nothing crazy happened Friday I guess. I wasn't trading and didn't get the report.

LT,

I'm not sure how this script plays out... wish I knew.

-DT