Monday, March 30, 2009

Condo Fucks, "What'cha Gonna Do About It?"

I owe Trader A a song... he sprayed, but I split too early to get his song choice. I don't think this is his style...

The RO Report, "Bears Are Lame" Edition

No volume behind today's move... you'd think after such a massive run that once the market broke a bit the bears would be out in force.

Instead it felt more like a buyer's strike.

Face it, the price and volume action on this recent rally has been absolutely perfect. If you're bearish, fine, but so far I'm not convinced.

I caught some excellent waves post close. Not that you care.

Anyway, the RO got a bit ass-slammed today. Out of 33 traders today 13 were gross positive or 39%. 3 traders made over $1,000 gross and 7 lost over $1,000 gross. I was #8 of 33. I'll take that anyday.

Note the rare George Michael. When a trader's swing and daytrading account are the bottom two accounts for the day...

"George Michael" - Trader H*, -$11,924 on 17,300 shares traded.

2. Trader B, -$7,545 on 1.3 million shares traded.
3. Trader P, -$7,186 on 458k shares traded.
4. Trader D, -$6,848 on 214k shares traded.
5. Trader &, -$3,912 on 50,000 shares traded.

"Lucky Pierre" - Trader A, $26,641 on 284k shares traded.

2. Trader F, $5,307 on 142k shares traded.
3. Trader C, $5,283 on 680k shares traded.
4. Trader K, $906 on 29,800 shares traded.
5. Trader V, $890 on 52,964 shares traded.

Making Some Changes

I've been busy/lazy, okay? Leave me alone.

I am in the midst of making some changes to this blog. I will be stripping it down and pimping it out, so to speak.