Kelis, "Bossy" (Boss Bitch Edit)

Nearly impossible to find an "embeddable" copy of this godforsaken song. Still, hats off to "Trader C" for his "Lucky Pierre."

The RO Report, "Fuck Obama" Edition

Apparently, Barack Obama and the fucking Democrats, are ruining our country. Two days as "President-Elect" and already he's bankrupting the stock market. This is all his fault.

I hope you naive socialist shitheads who voted for him are happy. How's "Hope" taste? I hope good, because when you can't afford food anymore, you're gonna need something.

Anyway, what a shitty day. I guess you could say the RO is full of counter-trend trading crackheads, because we were all smoked early buying this market that has no bottom. The only time people started to make money back was in the afternoon, when we got short.

I'm a bit rushed, and frankly, since the comment section of this blog has been way too quiet for my taste, I'm not going to put too much work into making this post any more witty or funny than it already is. Stop being such lurkers. What's wrong with you people? Don't you know it's creepy to just hang around and watch all the time, without participating? Damn...

So let's get to the numbers. Out of 25 traders today, 14 finished gross positive. There were some impressive comebacks today. For example, "Trader B" was down $50 grand at one point and managed to get back to gross positive. Nicely done. Also, kudos to "Trader C" on earning his first "Lucky Pierre." Enjoy that. I was #16 of 25, down but well off my lows.

The Bosses pulled out a win with some spirited end of day trading.

"Lucky Pierre" - Trader C, $10,452 on 102k shares traded.

2. Trader H*, $8,117 on 3,400 shares traded.
3. Trader Z, $3,789 on 96,896 shares traded.
4. Trader F, $3,739 on 60,400 shares traded.
5. Trader A, $3,397 on 149k shares traded.

And the Manservants:

"Chambermaid" - Trader P, -$4,325 on 83,312 shares traded.

2. Trader I, -$3,053 on 10,800 shares traded.
3. Trader D, -$2,623 on 337k shares traded.
4. Trader 6*, -$2,544 on 0 shares traded.
5. Trader M*, -$1,871 on 0 shares traded.

* denotes swing accounts

Another Bad Morning...

I've had another rough start to the day. Not sure how much longer I can count on the afternoons to bail me out.

I was working on reversals again all morning. My worst losses are in complete piece of shit stocks... DFT, MIC, VCI and SVR.

What I've learned is that playing these extreme moves works best when the market doesn't have a clear direction (today it does, down) and when the stocks don't have earnings news.

I won't get blown up tomorrow morning making the same mistakes I've made the last two days.



UPDATE: At 12:39, only 6 ROers are gross positive... not good.

UPDATE II: At 1:44 we're down to 4 gross positive... and one of them is a swing account...

Palin Didn't Know Africa Was A Continent... No Shit!

I know I said no more political posts for awhile, but this is just too good.

Let's just forget for a moment that Palin didn't know Africa was a continent. I mean, sweet Jesus... but what I love about this piece is that even after this guy basically lays out that she's an ignorant idiot, he says, "Still, she's fired up the base and many are looking for her in 2012."

Perhaps by then she'll get that 3rd grade education that we require from our VPs.



NOTE: Trader Z pointed out that the reporter uses the "word" "knowledgeablity" not once, but twice. Fox News makes up facts, and sometimes, they make up words. Nice.