Thursday, April 16, 2009

Gang Starr Featuring MOP - B.I. Vs Friendship

Trader B spray choice.

The RO Report, "IYR Nickname" Edition

So what's a good nickname for IYR? Nothing really comes to mind for me just looking at the ticker. The squeeze that's occurring is really nuts though, so maybe I'll just call it "Tits" from now on. I welcome your suggestions.

Anyway, I had a weird day. It started out slow, nothing happening and then BAM! I get obsessed with ADI (what a piece of shit that stock is) and of course, "Tits." I was long and then short all day with big positions and only went green at 3:42.

Sometimes that's how it goes.

The RO (minus a very scummy Trader B) had a pretty rough day. Out of 32 traders today, 14 were gross positive or 44%. 7 traders made over $1,000 and 6 traders lost over $1,000. Pretty bad numbers. I pulled it out and ended the day at #5, or bossy.

"Lucky Pierre" - Trader B, $23,761 on 434k shares traded.

2. Trader D, $10,274 on 501k shares traded.
3. Trader H*, $6,310 on 19,900 shares traded.
4. Trader F, $6,223 on 90,200 shares traded.
5. Trader S, $2,101 on 178k shares traded.

"Chambermaid" - Trader C, -$8,864 on 510k shares traded.

2. Trader A, -$4,658 on 187k shares traded.
3. Trader Z, -$3,472 on 91,330 shares traded.
4. Trader 9*, -$2,119 on 3,100 shares traded.
5. Trader O, -$1,503 on 40,800 shares traded.

SWING UPDATE: I just want to mention that my small purchase of SRS the other day at $31 which I vowed to "sell when $30 broke" isn't working out well. And since I was so blasted when $30 broke intraday, I was unable to exit my swing position in a timely fashion. So, like any good trader, I tripled my position at $27.25 just after I got green on the day in my intraday account. Ah, the life of a trader! At this point, with the IYR squeeze being what it is, I'll exit next time IYR trades $33. Not going to add again to this one.

FINALLY, So much smoke...

An Analogy

The RO is the dude laying on the ground... the market, well... you'll figure it out.

Kid Doesn't Think His Friend Will Jump - Watch more Funny Videos

75% in the red at 1pm.