For The Guys In The RO

I lost money today... you know the drill.

Clearcut

My neighbors are removing a half acre of trees from their property so they can put in a fucking pool. Meanwhile, we live about a quarter mile from a secluded and beautiful bay beach.

Anyway, the point is that when they started in on the trees today, I just couldn't concentrate on the market, since I was so enraged, and decided to spend the day at the beach surfing, instead.

It was a good decision.

They have much more work to do unfortunately.

Anyway, here's a quick glance at the VO.

Denarii, $251 on 8000 shares traded.
Timmay, $202 on 3000 shares traded.
Tokyo, $180 on 3005 shares traded.
Me, -$59 on 7400 shares traded.

The Kinks, "Sunny Afternoon"

Virtual Office, $200. Dow, -0.33, 11,842.36.

Tokyo, $244 on 3 shares traded.
Me, $85 on 4000 shares traded.
OBAT, vacation.
Denarii, -$129 on 5600 shares traded.

Two words... summer doldrums.

We barely nudged over 1 billion shares today on the NYSE, and the VIX basically flatlined. It was dead. In fact, it was the lowest volume day of the year.

Now, that's not to say that the usual suspects weren't moving. Oil and gas names ripped higher, and there was plenty of intrigue in the fertilizer names... some moved higher, while BG got clipped.

In addition, the financial stocks seem to be heading straight to zero.

Anyway, not only can I trade 4-letter names now, but I also realized today that I wasn't able to get quotes on my Level 2 from either NYSE or NSDQ these last 6 months. Interesting. Not that I rely on the Level 2 too much, but still... Tomorrow, I'll be able to trade Nasdaq stocks, and I'll also be able to trade with complete information.

In theory, that should help my game, right?

As of noon today, my RO was completely smoked. The big winner was up about $2500, while the big loser was down about $10gs. I was #9 of 25 traders.

Meanwhile, shame on Obama for letting McCain steal this headline... this is what I talk about when I say we need to move forward, past oil. This is a good start. Much better than ethanol...

Going surfing (again).

Pass

Okay, so I passed my exam and I'm free (starting tomorrow) to trade the 4-letter names. The market should just send me a million bucks and save us all time... it's clear I'm gonna start killing it now.

In reality, it seems a little slow today. The RO is getting demolished and volume seems lame. In fact, it sounds like most of them are going golfing and taking the rest of the day off...

Good surf here for the next few days. I plan on "killing that" as well... Not going to force anything.

POLITICAL ASIDE: This is a bad position for Obama to take... I hope it evolves.

They Might Be Giants, "Don't Let Start"

"Wake up and smell the catfood in your bank account."

Indeed.



Meanwhile... RIP, iBC.

Virtual Office, -$201. Dow, -220.40, 11,842.69.

Timmay, $175 on 3000 shares traded.
Me, $16 on 4000 shares traded.
Denarii, -$79 on 6400 shares traded.
OBAT, -$126 on 3400 shares traded.
Tokyo, -$187 on 3019 shares traded.

The VO traded like a bunch women today. No volume, no risk taken, and no profits to show for it. Who needs Equine? Face it... we're a bunch of girls.

Not so for my RO. The midday data broke down like this... leader was up $10,175 and the laggard was down $2291. Remember, those numbers are gross. To make that kind of money, you have to trade a few hundred thousand shares typically, so commissions eat some of that up. I was #12 of 23 traders today...

Anyway, it was a somewhat eventful week for the market as we finally busted through 12k on the Dow. Volume today was ridiculous because of all the expirations. We traded over 2 billion. Expect more of the same next week, with the Russell Rebalancing.

I can't wait to get this exam out of the way so I can focus on trading again. See you Monday.

Don't "Get" My Sense Of Humor?

Well, bad news for you. You most likely have some significant damage to your parahippocampal gyrus.


-caveman

You're an unevolved idiot. A caveman, if you will.

Tim Russert On The Daily Show

I'll be too busy today for posting until the VO. So until then, here's an old Daily Show clip with Tim Russert.

Vampire Weekend, "A-Punk"

These guys making my alma mater proud... great band, very original.

Virtual Office, $26. Dow, +34.03, 12,063.09.

Me, $75 on 2800 shares traded.
Tokyo, $55 on 2201 shares traded.
OBAT, $18 on 5400 shares traded.
Timmay, -$60 on 2000 shares traded.
Denarii, -$62 on 5400 shares traded.

On a seemingly quiet day, my RO completely kicked ass. The head man (same guy all week, btw) was up $11,684, while the low man on the day lost $837. Overall, the traders were up over $30,000 on the day. Two guys accounted for $20k of that, though. Something about oil shorts. I was #14 of 25 traders today.

Anyway, for the VO, it was quiet. I studied and surfed more than I traded. I guess I won't be back at full swing, focused entirely on trading, until next week. Despite my small gain, I was very happy to break my lame 3-day losing streak.

Tomorrow look out for the quarterly expirations...

See you manana. Again, no daily post as I'm focused elsewhere. But I'll take the opportunity to post a good music video, since I made money... no more bad music.

More Barack Obama Rumors

Interesting...

My favorite... "Barack Obama's skin is the color of AMERICAN SOIL."

Poundcake

I don't like to fly, but a couple of weeks ago, I had no choice but to fly.

It's mostly a control thing. I like to feel as if I'm in control, and when I have to sit, in one place, for hours, I am being controlled by the situation and not vice versa.

Incidentally,, I think it's why I took to the occupation of trading. Yes, it's stressful to not make money, or worse, to lose money, but at least (in theory) I'm in control. I'm losing money because of decisions that only I can make. I find a stock to trade, I click "buy," I click "sell," and I decide what quantity. There's really nothing outside of my control.

Well, that's not entirely true. There's Esiggy. It "loses data" and goes down all the time, and that's why they suck. I hate Esiggy because I have no control over Esiggy.

And, let's face it, their customer service is the worst.

Anyway, back to flying. I'm here at LaGuardia, sitting in a pretty empty terminal with time to kill and anxiety to burn. I haven't flown in nearly 5 years. There are trees in large white square pots lining the terminal with it's short blue rugs and pale gray walls. The seats are also pale gray and mostly stained. There is a trapped bird, a House Sparrow of course, hopping on the blue rug avoiding the chrome garbage bins.

What must that bird be thinking?

Anyway, shit... I have time and I digress. Judy is next to me, in her stained gray chair, reading The Yoga Journal and lightly bouncing her foot.

She loves to fly. Absolutely loves it.

Meanwhile, I'm here scribbling nervously into a small pad with large earphones on my head glancing up now and then to see who is walking down the terminal. I'd say that conservatively, 90% of the people are fat. It's disgusting. Worse, it's 90 degrees and humid and they're all wearing jean shorts and t-shirts.

Anyway, let me get back to the beginning... you know what my sister-in-law calls all the fat pasty people (women, specifically) of America? "POUNDCAKE." As in, "check out that poundcake in the jean shorts eating that donut."


-"poundcake #1327"

But you know, Judy got her "feet done" for the wedding we're going to and she told me about how the salon was like a factory, with all these women getting something "done" while reading magazines like Allure, wide-eyed, trying to find ways to improve the way they look.

She said there was a 5-year old girl in there. Made me think about our 3.5 year old. Made me think about her trying to fit into someone else's idea about "how you should look" and it got me depressed and even a little angry.

I thought, well, better to just be happy with who you are, and with your body image. The beauty factory is just as scary as the "poundcake," but in a different way.

To be continued... probably after my exam.

This Blog Is Clean

It was a wild scene here at Dinosaur Trader blog last night. I'll have you know, I'm a control freak and don't like other people messing with my blog.

But it's over now. The iBCers are gone and peace has been restored. I never thought they'd leave. Check below for how they were dispelled from my illustrious third tier haven.

What Really Happened At iBC

I know "the Fly" wants to blame Vinny and his wine, but of course, I have some exclusive footage of what really went down.

See below...  What happened? Mr. Gint (a paid employee of iBC) was busy typing some angry comment when he was disturbed by some random Peanut Gallery poster.  All hell broke loose and he took some servers down... Order was restored when Jeremy stepped in with the taser.



UPDATE: "the Fly's" blog is back.

Third Tier, iBC Machine, and Masterful Occurrences

I finished the day higher by a startling .4%.

Turrible, considering I positioned for this move down yesterday. I would have fared well but my port was chagrined via an inane PCLN upgrade. I shorted again at 131 intraday, and am ready to ride this bitch lower or get stopped out any higher.

Today was highly sensual from the perspective of a man long coal stocks. CNX (long a small boatload), WLT, FDG, whatever, just get drunk on wormwood and once you're blind buy 'em already you Canadian sissy. BTU anyone?

Other notes du jour:
LNN got slapped due to rising costs pressuring margins. And I quoteth:

The co is a little concerned that pricing is in an area where it may be making farmers reach some kind of a point of resistance that pricing is getting to a level where its causing issues in making effecting purchasing decisions. Co says though they haven't heard that farmers are ready to pull back or anything regarding a change of their buying behavior based on the current pricing.

You know what that says to me? Short DE, and do it mercilessly.

I added the emphasis to what is known as "corporate speak." No one in charge of managing a stock price, ahem, company will ever come out and directly say what the issue is, but if you listen closely and have an IQ > 40, you should try reading between the lines. IMO, if they "raise the concern," it is essentially a reality already.

Which also corroborates DE's shitty price pattern as of late.

Finally, the glorious iBC Machine Update. So glorious.

In case you ONLY read DT's blog (morbid curiosity?) and haven't yet ventured to our more fecund site, let me explain what the iBC Machine does.

It peers up the market's skirt in a masterful fashion and tells you what's up there, for better or for worse. I don't need to post my track record (I can't, our site is down) but it is impeccable, as it has called nearly every turn in the market with relative impunity.

Today was highlighted by distribution. It wasn't exceptionally heavy, but it was pronounced. This is good and bad. Huge distribution as per my machine might portend some kind of snapback rally, but what we get is death via papercut, rather than guillotine.

In other words, we're probably not done yet to the downside.

The iBC Machine is NEUTRAL meaning that momentum is slowing and more breakouts will fail. Cash and selective shorts should be added, while longs closely watched. A rising tide can't lift all boats when the tide is falling back--this alone week has experienced 50% more sell strength than buy strength, and this is on the back of last weeks 2:1 ratio of selling vs. buying.

The Machine's proprietary Overbought/Oversold oscillator is at 45 on a scale of 0-100, indicating we aren't at an inflection point.

Monthly breadth is still negative, which also indicates distribution. The slowest moving measure of The Machine is still bullish, though it is deteriorating, and is at its relative low.

The iBC Machine isn't signaling an edge for tomorrow's trade, but generally speaking, I am using it's warnings to build cash and shorts in gay ass homo stocks like TSCM.

I will note however that we may trade up into OpEx. Always a possibility. However, I will highlight that there likely won't be strength behind the move, and it should be met with skepticism.

The Important Matter of iBankChange

You see, there is a certain symmetry in this world. Call it Karma, if you will.

If you doubt what I am espousing, just click on iBankChange. Have a little look-see, to find where the link takes you.

Other than that, should iBankCoin not be back up, maybe I'll visit this godly site, and put up a post. Or maybe I'll just take the night off.

3rd Tier

I guess it's back to my old spot for now. To find me all you have to do is type in madstocks.com, and that's where I'll be.

Today I deserve 3rd tier status, as I found myself closing out longs instead of profiting from shorts. I also closed out my puts in PCLN, I now hate this stock more than POT.

I did catch a nice win in TTES, thanks to the guys at wallstreak. Be sure to drop by tonight, I will have a few updates.

......remember MadStocks.com

"The Fly" is Here

Finding myself back on a shitbox blogspot address is awfully humbling. My "Godly" site, iBankcoin.com has been deballed, thanks to the ineptitude of "Vincenzo the IT guy."

It all started when my IT guy, Vincenzo, took a nap inside of iBC's cold room---where our servers are stored. Unfortunately, he left a giant bowl of spaghetti and meatballs (with extra gravy) on top of one of our equipment racks, with an open bottle of "vino" next to it. Next thing you know, I stormed into his fucking office, via kicking down his door. Startled, he woke up from his afternoon siesta, scared shitless, and bumped his head into one of our racks: knocking over the "vino," spaghetti and meatballs with sauce all over our high tech stuff---effectively destroying our website, indefinitely.

To make matters worse, he proceeded to clean up his fuckery with a rag, soaked in extra virgin olive oil. I began screaming at him, with the furious fury of a mountain lion inside a gay bar. As a result, he fell on the floor (again) and knocked over an oversized barrel of balsamic vinegar, resulting in immediate power loss at iBC's HQ.

Fucking absurd.

In short, iBC will not be up and running for awhile. Stay tuned.

In other news,"The Fly" made ridiculous coin today, via short sales in CATY, EWBC, PACW,CSE, FED and BBT. In addition,some of my long positions, which include FTK, RIG and PCZ, bucked the downtrend, yet again---enabling Senor Tropicana to close the day higher by 1.9%.

My theme is simple and concise: get long energy and short everything else.

Fuck the banks and the assholes who buy them. Which reminds me, Doug Kass aka "Fucktarded short only hedge fund manager who is long bank stocks," is dead wrong and will lose his entire book of clients, if he is not careful here.

To sum up this post, DT is unbelievably lucky to have "The Fly" grace his 3rd tier blog with such succinct rantings. Upon seeing my site down, immediately, DT emailed and begged me to guest blog. He even donated $100 to my favorite charity: "The Tent for House program," located in Southern California.

Be well.

Fly

Virtual Office, $456. Dow, -131.24, 12,029.06.

Timmay!, $631 on 10,500 shares traded.
OBAT, $9 on 2600 shares traded.
Me, -$27 on 4400 shares traded.
Tokyo, -$61 on 3216 shares traded.
Denarii, -$96 on 3200 shares traded.

A sleeper for the VO.

Not so much for the market however... we tested 12,000 and bounced nicely, only to retrace much of that bounce into the close. Volume was mediocre, but better than yesterday, which admittedly, isn't saying too much.

After I made the mistake of letting our wonderful president raise my blood pressure by watching CNBC (always a mistake), I spent the day getting through the mass of material for my 55 exam on Saturday. Now I just memorize the practice exams for the next 2 days. Fun.

In other words, I don't have much color on today's trade. However, apparently you can shave coal down and make crack and cure cancer with it all at once... Will these stocks ever take a breath?

More bad music, forthcoming. And perhaps some hot guest blogging.

UPDATE: Just got my office numbers... about 2/3 of traders were positive. The range was $7150 to -$799. On a whole, the office did very well.