Friday, March 6, 2009

The RO Report, "Bottomless?" Edition

We were asking a lot of questions about bottoms in the RO today. How many different types of bottoms are there? Do you need to be surprised by a bottom? Do you like big bottoms?

Mud flaps?

I mean it seems everyone is waiting for a huge washout, a capitulation if you will. But when you're already "down here," what would constitute a capitulation? Another 10%? 20%? Does it all have to come in one day?

Look, if this market is leaving you scratching your head, you're not the only one. It's a difficult environment for investors, swing traders and day traders. Everyone is taking their lumps. But even more than I felt it in November, I'm beginning to get the feeling that we're getting close to the elusive Bottom.

There will be a bottom. This isn't the bottomless market.

Anyway, it was a good day for the RO. Out of 28 traders today 20 were gross positive or 72%. 7 traders made over $1,000 gross and 2 traders lost over $1,000 gross. I was #6 of 28. Happy, especially considering that I started the day poorly.

And here's to Traders A and Z for leading the charge into the close.

"Lucky Pierre" - Trader A, $24,961 on 168k shares traded.

2. Trader Z, $13,101 on 271k shares traded.
3. Trader 9*, $2,234 on 0 shares traded.
4. Trader P, $2,047 on 240k shares traded.
5. Trader V, $2,023 on 103k shares traded.

"Chambermaid" - Trader D, -$20,728 on 227k shares traded.

2. Trader H*, -$3,208 on 24,500 shares traded.
3. Trader &, -$931 on 112k shares traded.
4. Trader E, -$881 on 70,200 shares traded.
5. Trader L, -$708 on 77,800 shares traded.

3 comments:

Anonymous said...

http://www.sec.gov/news/press/2009/2009-41.htm

the impact with ro?

Complacent Panda said...

I want to see things go shit-crazy-fuck (a technical term) all in one day.

Ricky said...

learning~~~