Monday, March 23, 2009

Saosin, "They Perch On Their Stilts"

Trader A spray selection. What a day!

The RO Report, "Chiprechaun" Edition

Did you see that exclusive Geithner interview on CNBC today? The man looks like a mix between a chipmunk and a leprechaun. We rallied 500 points today due in part to his magic plan, but going forward I think he should do less TV and more radio. It's hard to look at the dude and take him seriously, is all I'm saying.

Anyway, you can't complain about a 500 point rally. The price and volume action in this market has been perfect since the March 6th bottom. If you've been stocking up on grain and guns and telling your friends to "tune into Glenn Beck" I hope you feel a bit silly today. But like I said, someone needed to bottom out the market, and Fox specials about revolution in America could be the new tell...

The RO kicked ass. Out of 32 traders, 30 were gross positive or 94%. And the two accounts that were negative on the day were both robots. 18 traders made over $1,000 gross and not a single trader lost over $1,000 gross. I was #18 of 32.

Give it up for "Trader A." He's really distinguishing himself in this market. Nice spray.

"Lucky Pierre" - Trader A, $163,706 on 1.6 million shares traded.

2. Trader D, $75,888 on 1.2 million shares traded.
3. Trader Z, $37,983 on 967k shares traded.
4. Trader N, $28,409 on 261k shares traded.
5. Trader P, $23,521 on 1.8 million shares traded.

"Chambermaid" - Trader 10*, -$380 on 500 shares traded.

2. Trader M*, -$324 on 0 shares traded.
3. Trader Y, $1 on 16,900 shares traded.
4. Trader H*, $59 on 0 shares traded.
5. Trader Q, $61 on 22,200 shares traded.

Geithner "Toxic Asset" Plan To Be Released at 8:45

And so we're getting a huge rally in the futures. Let's see what they look like at 9:00am. It's always fun to compare how the market anticipates news versus how it reacts to it when it's released..


Here is the Treasury's press release of the plan. The futures are off their morning highs but no huge sell-off.