Friday, January 30, 2009

The RO Report, "FUCK CNBC" Edition

As "the Fly" discussed last night, CNBC is not only not good at educating the average Joe about finances, it's very good at fucking up professionals.

This whole Leisman/Gasparino good bank/bad bank crap is pure idiocy that does nothing more than cause irrational moves in the market. They are airing out rumors... nothing more. It's problematic and needs to be stopped.

I have mentioned in a couple of places now the idea of a stock blogosphere-wide call for a CNBC boycott. There are other places to get news. Unfortunately, often, they are merely repeating the crap reported on CNBC, which creates this awful echochamber effect. Anyway, stay tuned.

The RO had an excellent day. I'm in a rush, so here's the numbers... I was #7. Oh, and one blog note, I'm going to have a brief review of the blog week here tomorrow... a self-referential link love fest of sorts...

Oh, and one more note... if you have a Digg account (simple to set up lazy-ass) I'd love if you could Digg this post. It helps me build readership. Thanks.

"Lucky Pierre" - Trader C, $9,772 on 260k shares traded.

2. Trader P, $6,557 on 195k shares traded.
3. Trader A, $4,818 on 160k shares traded.
4. Trader Z, $4,137 on 139k shares traded.
5. Trader B, $4,134 on 513k shares traded.

"Chambermaid" - Trader H*, -$3,699 on 19,400 shares traded.

2. Trader D, -$2,404 on 122k shares traded.
3. Trader 6*, -$2,024 on 0 shares traded.
4. Trader 9*, -$1,059 on 4,200 shares traded.
5. Trader 10*, -$589 on 200 shares traded.

1 comment:

JMJAtlanta said...

Rock on, Trader P. Often a boss, never a Lucky Pierre?