The RO Report, "Meltdown" Edition

Well, those who are following me on Twitter must appreciate my prescient call at around 11:30 today. I think soon I'll start the Dinosaur Trader newsletter. I mean, let's face it, every single stock blog site is going to a pay model, why shouldn't I?

For only $5k a month...I need only one lucky subscriber to make my model work, but two would be great. Email me if you are interested.

You didn't want to fight the trend today. But then, every sell-off has been faded since the lows of early March. The fact that today we closed at the lows, with volume, with broad action, should worry you if you're long. I was stopped out of my GE swing long today and my stop for my UWM is very close. Soon it seems I will be left with only SRS...

Anyway, it was a mixed day in the RO today with a few blasts. Out of 31 traders today, 18 were gross positive or 58%. 10 traders made over $1,000 gross and 5 traders lost over $1,000 gross. I was #10 of 31. I just couldn't find a good entry all day... I hate large gap days. Due to some carnage, the Manservants win...

"Chambermaid" - Trader B, -$24,674 on 659k shares traded.

2. Trader D, -$10,900 on 379k shares traded.
3. Trader N, -$10,705 on 102k shares traded.
4. Trader C, -$6,196 on 298k shares traded.
5. Trader 9*, -$1,384 on 2,700 shares traded.

"Lucky Pierre" - Trader F, $11,338 on 143k shares traded.

2. Trader A, $11,149 on 100k shares traded.
3. Trader 10*, $5,433 on 0 shares traded.
4. Trader &, $5,269 on 61,200 shares traded.
5. Trader M*, $5,148 on 0 shares traded.

Bloody map.

Leveraged ETFs Effect Trade

Here's an interesting article from the WSJ Online that seems to say (without saying it) that leveraged ETFs could create some sort of market crash.

Will Leveraged ETFs Put Cracks In Market Close?

Do you agree?

Sunday Space

There is a classic teaching story of the young boy who travelled far from his home to study under a great teacher. When he met the wise old man, his first question was, "How long will it take me before I am as wise as you?"

The response came quickly. "Five years."

"This is a very long time," replied the boy. "How about if I work twice as hard?"

"Then it will take ten years," said the master.

"Ten! That's far too long. How about if I study all day and well into the night, every single night?"

"Then it will take fifteen years," said the sage.

"I don't understand," replied the boy. "Every time I promise to devote more energy and time to my goal, you tell me that it will take even longer. Why?"

"The answer is simple. With one eye fixed on the destination, there is only one eye left to guide you along the journey."

Silver Jews, "Like Like The The The Death"

Obsessed.

BAM, "My City"

Trader D "comeback" pick. He didn't actually spray, but he had a massive comeback, so I'll give it to him.

The RO Report, "Pruned" Edition

My day was hijacked by a crew of tree pruners.

There I was long 5,000 WFC just as it was breaking $20, when I heard a knock down on the door. "Be down in a minute!" I yelled. More knocking. WFC dipped below $20... FUCK! I sold 4000 and answered the door.

A man who couldn't speak English was trying to ask me if he could climb a tree on my property to remove a tree from my neighbor's property. Sure, I said. Knock yourself out. Then, I decided to hire him and his crew to prune a tree on our yard. Back upstairs I cursed as I saw WFC printing $20.20.

After that I basically went on tilt, trading close to 300k shares today and placing more trades than everyone in the RO besides "Trader D" who, as you all know, is a total crackhead. Anyway, I didn't beat commissions... not by a long shot.

It was a mixed day. Out of 32 traders, 20 were gross positive or 64%. 7 traders made over $1,000 gross and 6 lost over $1,000 gross. I was 8 out of 32 but net negative due to my crackheaded tendencies. Not blasted, but not happy either.

"Lucky Pierre" - Trader D, $10,447 on 362k shares traded.

2. Trader B, $5,324 on 369k shares traded.
3. Trader H*, $3,762 on 16,066 shares traded.
4. Trader O, $2,610 on 21,000 shares traded.
5. Trader Z, $2,181 on 180k shares traded.

"Chambermaid" - Trader A, -$11,459 on 267k shares traded.

2. Trader V, -$2,980 on 49,400 shares traded.
3. Trader F, -$2,059 on 187k shares traded.
4. Trader C, -$1,450 on 264k shares traded.
5. Trader P, -$1,192 on 284k shares traded.

Seriously Fly, WTF?

I gotta pay $2 to vote?

I call a blogging foul.

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.

Blitzen Trapper, "Wild Mountain Nation" (live from Juan's Basement)

The RO Report, "Teabag" Edition

You know, for 8 fucking years I watched as George Fucking Bush and his band of merry neoconservatives dismantled the country. You can sit and argue in the comment section otherwise, but I won't be listening. The fact of the matter is, while I may be prone to emotional outbursts, I'm highly perceptive and probably a lot smarter than you are.

I also have a moral compass that is flawless.

Anyway, here we are 3 months into Obama's presidency and complete retards who worship at the alter of Rush, Sean, and now Glenn (Anne and Michelle seem to have lost their relevancy) are calling for revolution and shit. The same idiots, mind you, who were complaining about people's lack of patriotism if they even questioned the completely fucked up and idiotic war that has cost us roughly a "bailout" in the middle east.

And you're complaining about government spending??? Really?

Grow up you little bitches. Also, I hope to God you are at least wasting organic tea and properly disposing of the little plastic tea packages.

On to stocks...

It was a decent day in the RO. Out of 31 traders today, 19 were gross positive or 61%. 6 traders made over $1,000 gross, and 4 traders lost over $1,000 gross. I was #18 of 31, gross positive, net negative. Lame. I blame you and your gay tea party.

Finally, I know a lot of people are having slow page load time with this here blog. That will be changing soon. I appreciate your patience while I upgrade this thing. It's a mess and I'm completely deficient when it comes fixing it. My time has already been stretched recently. Indeed, I'm having a hard enough time even posting each day, let alone working to make the site faster.

"Lucky Pierre" - Trader B, $10,304 on 467k shares traded.

2. Trader N, $7,363 on 154k shares traded.
3. Trader Z, $4,980 on 79,290 shares traded.
4. Trader V, $3,676 on 71,200 shares traded.
5. Trader ^, $1,843 on 0 shares traded.

"Chambermaid" - Trader D, -$16,344 on 645k shares traded.

2. Trader J, -$3,066 on 103k shares traded.
3. Trader C, -$2,552 on 259k shares traded.
4. Trader H*, -$1,112 on 14,500 shares traded.
5. Trader &, -$493 on 9,000 shares traded.

This Site Will Be Torched.

Developing...

Panda Bear, "Take Pills"

One of my favorite songs off of this awesome album.

The RO Report, "Poll" Edition

This not having the software thing is starting to suck a lot. Also, my page seems to be taking a very long time to load.

So please answer this quick question before you go on to read the numbers.

Is this site loading slow (i.e. taking longer than 10 seconds or so?) on your comp? Don't answer if you don't have a cable modem or other high speed connection. If you're using dialup, your opinion is irrelevant... Okay, go click that little button on the right... it'll take less than a second. Thanks.

UPDATE: Trader A has come through... I will have a legit RO report up in a couple of hours. I have to split for awhile...

UPDATED VERSION:

Okay, it feels good to put a little more meat on these numbers. I know I've been a bit out of it around here lately, but that's been because of some bad trading and no RO software to keep me abreast of what's going on intraday with the office.

I twit midday that it was all about IYR again(meanwhile, you like my end of day SRS swing pickup yesterday?) It seems that the IYR is either leading the market up or taking it down... just pick your day. Today it led down but not without an afternoon freak-out that left some of the RO members in tatters.

Anyway, out of 31 traders today, 21 were gross positive or 68%. 9 traders made over $1,000 gross and 4 traders lost over $1,000 gross. Mediocre. I was #10 of 31.

"Lucky Pierre" - Trader N, $5,030 on 131k shares traded.

2. Trader C, $4,107 on 177k shares traded.
3. Trader 10*, $4,063 on 0 shares traded.
4. Trader D, $3,604 on 163k shares traded.
5. Trader F, $3,585 on 154k shares traded.

"Chambermaid" - Trader A, -$5,048 on 431k shares traded.

2. Trader Z, -$3,006 on 137k shares traded.
3. Trader 9*, -$1,351 on 2,300 shares traded.
4. Trader E, -$1,291 on 33,400 shares traded.
5. Trader M*, -$855 on 0 shares traded.

The E-Trade Book Commercial

Back when even the commercials on CNBC were entertaining... now it's all a big party of suck over there.

Micah Wolf, "One By One"

Normally, I wouldn't post such a gay video. I mean, shots of multi-ethnic types smiling capped off by a sing along with kids? Holy fucking shit man, can we make this any more hackneyed? But the thing is, as a surfer and a concerned citizen, it directly addresses a topic near and dear to my heart, plastic in the oceans. It's a fucking mess. Anyway, fans of Jack Johnson might also like the song...

The RO Report, "$31" Day

I'm still long in my swing account, but I decided to buy a little SRS today, a small amount, to hedge. I think there is something seriously funny, not in a "ha-ha" kind of way, about the IYR. Anyway, I'll quickly cover if that piece of shit SRS trades below $30. I mean, all you have to do is take a look at FAZ to understand why you can't get all close and personal with these leveraged ETFs.

Anyway, still no software. I'm very frustrated by this. But you know what? Deal. I am told a solution is in the works.

"Lucky Pierre" - Trader D, $10k

2. Trader C, $8k
3. Trader H*, $5k
4. Trader 9*, $4k
5. Trader M*, $1,500

"Chambermaid" - Trader P, -$2,400

2. Trader N, -$2k
3. Trader V, -$1k
4. Trader &, -$1k
5. Trader B, -$1k

IYR and SRS visit $31 in same day!!!

Just another fun stock market fact for you, beloved reader.

I have to say, the strength in the IYR is bewildering.

Open Letter To Somali Pirates

Dear Somali Pirates,

Fuck you, we win.

Sincerely,

-DT


-Somali Pirates, 2009