The RO Report, "La Comunista" Edition
Truly something is up with the IYR. I know I sound like a broken record here but this thing is trading strange. Everyday the close... I don't know.
I had a solid day today. Most of my profits came from two trades. One from the reputable trading newsletter HCPG on CNX. The other, from a far less reputable source who will go unnamed... I will simply call him "La Comunista" which, well, I don't even know what language that is but I think I'll calling him a female communist. Good enough. The trade was in NOV.
My only problem was missing the last 20 minutes... anyway, I'm exhausted today. Two straight dawn sessions of surf will do that. Perhaps I need to go to the ocean each day at dawn whether or not there is surf... I seem to trade better.
Anyway, out of 34 traders today 21 were gross positive or 62%. 5 traders made over $1,000 gross and 4 traders lost over $1,000 gross. I was #4 of 34 or bossy.
"Lucky Pierre" - Trader A, $16,132 on 100k shares traded.
2. Trader Z, $8,370 on 244k shares traded.
3. Trader N, $3,729 on 162k shares traded.
4. Trader S, $1,886 on 79,000 shares traded.
5. Trader H*, $1,379 on 17,900 shares traded.
"Chambermaid" - Trader D, -$5,573 on 197k shares traded.
2. Trader C, -$4,496 on 54,000 shares traded.
3. Trader M*, -$1,815 on 0 shares traded.
4. Trader J, -$1,792 on 57,000 shares traded.
5. Trader $, -$751 on 24,800 shares traded.
3 comments:
you crack me up...awesome blog. i think u lost big the other day because you were "feeling it" a little bit in the post the night before. I day trade for a living now and whenever i feel good i have sucky days. I love the anger at the yahoo news on twitter...awesome. that stuff has pissed me off for years.
paul.pertusi@gmail.com
The IYR behavior results from an engineered squeeze for the REITS.
Presumably to give more of them an opportunity to dilute with stock issuance and generate I-bank fees.
Don't get sucked in. Manipulation at its finest.
And what is today Fritz?
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