Tuesday, March 10, 2009

Another Leather Lung, "The Sound Of Animals Fighting"

For Trader A.

Meanwhile, Cramer will appear on The Daily Show this Thursday! Should be fun!!!

The RO Report, "FUCK YEAH!" Edition

It's hard for me to contain my happiness right now.

At 11 am I was up $500 and very happy. The market was up 250 points but most was on a gap up and I thought I had traded smart. There were waves. I asked Judy, "What should I do, surf? trade?" She said, "Go surf. The market will be here when you get back."

So I surfed. And when I came home I checked the office report and saw that everyone was up size. "Man..." I thought. "I could have made back my entire loss on the year." Judy felt awful. But I was like, "It's cool. But maybe you should take a sewing class and start making our clothes."

I got on the main call with the office. Trader A was unbelievably bullish. This was between 3 and 3:25 when the market couldn't pop higher. Trader D was going along with him but scared and humorously trying to get the details at the source of his bullishness. Trader A was not forthcoming with explanations for his bullishness, he was just bullish.

Consequently, everyone concluded that Trader A sold his soul to the devil.

Everyone was afraid to buy but everyone bought and the market rewarded traders who bought.

Anyway so out of 30 traders today, 26 were gross positive or 87%. 16 traders made over $1,000 gross and only 1 lost over $1,000 gross. Probably the best day for the RO this year. I was #10 of 30 or, back to being positive on the year. Yes, I can put my blowup behind me.

"Lucky Pierre" - Trader A, $42,535 on 529k shares traded.

2. Trader P,
$26,344 on 722k shares traded.
3. Trader Z,
$22,821 on 540k shares traded.
4. Trader D,
$19,701 on 607k shares traded.
5. Trader H*,
$14,173 on 27,800 shares traded.

"Chambermaid" - Trader B, -$7,128 on 776k shares traded.
2. Trader 9*,
-$677 on 1,500 shares traded.
3. Trader M*,
-$644 on 0 shares traded.
4. Trader T,
-$246 on 4,300 shares traded.
5. Trader $,
$5 on 42,600 shares traded.

Here's a "FUCK YEAH" heatmap for you.

The Daily Show: In Cramer We Trust

The next installment in my Market Wizards series is 90% complete. I will either publish it midday today or just wait for pre-open tomorrow. Until then, enjoy...

UPDATE: Meanwhile, Barry says get long pitchforks and torches...