Dinosaur Trader's Music: Golden Smash Hits

Lots of readers come here because they like to read about me losing money. But a fair number also find my blog because they search for music in Google and find it here. Fewer come in seach for happiness... admittedly, they often leave disappointed.

Anyway, my ultimate motive in this blog is not to educate people about the stock market. In the end, I want you all to like my music and to stop spraying pesticides. If you think that writing about stocks everyday is a strange way to meet that goal, well, you have a decent point.

Nonetheless, in my quest to further brainwash you, here is a brand new playlist of some of the music I have featured here on the blog over the past few months. I am embedding it in this post, but I will also embed it permanently over on the right sidebar.

I suggest you come here, open the blog in the morning, click play, and trade away.

Enjoy.

Pavement, "Frontwards"

One of my all-time favorite tracks from Pavement. I thought it was a good pick to start the week. No one can tell you if the market will be heading up or down this week. However, without a doubt, it will be moving "frontwards." Enjoy.

"I've got style, miles and miles, so much style that it's wasted..."



NOTE: Only 2 days left to vote in the poll. Do you think the Dow will see 12,500 or 14,000 next? Please vote by clicking over on the right hand sidebar. It's an anonymous poll, you do not need any type of account to vote. So far, the bears are winning.

Stock Earnings, August 6th, 2007

Here's your small "cloud" of earnings plays for Monday.

LNT-WTR-CTB-CXW-DRAD-ENCY
MCY-NRP-NWN-ORBK-RAE
SNTS-ELOS-TDG-BBD-FTEK-SCR

Slim pickings on the earnings front. However, something tells me that mother market will be somewhat volatile anyway, so you should have no problem finding stocks on the move.

Cramer To Bernanke: Ease Rates!

Finally Youtubed...

Re-Run

Well, I don't have a weekend blogger this weekend. So, for those who missed bloggerdotcom's excellent work from last week, I've created a link for you here to read it all again. Or you can just check the "label" section on the right hand sidebar for "bloggerdotcom."

Make a fortune off of Castro's death or off of hidden treasure. The decision is yours.

Or, scroll down to find the link of Jim Cramer losing it on CNBC.

Cramer Freaks On CNBC Video Link

Here is a link to the video. If you missed it, check it out... trust me.

Lots of people looking for this so I bumped it. Read a brief synopsis from my earlier post here.

UPDATE: NYSE having messaging issues into the close... when will the system be water tight? Every day there is big volatility there are issues. Need more confidence in the trading systems.

Palace Bros, "Work Hard, Play Hard"

Fuck Loverboy. If I had my way, this is the song all radio stations would play at 5pm on Friday.

Tough week. Enjoy the weekend.

Virtual Office, $3500. Dow, -284.75, 13178.58.

Misstrade, $2836 on 800 shares traded.
Me, $1198 on 55,600 shares traded.
HPT, $250 on 10 contracts traded.
Denarii, no stock trades.
Bubs, no stock trades.
OBAT, -$147 on 10,000 shares traded.
Evolution, -$637 on 42,000 shares traded.

Scary close, eh? How about that BSC? CNBC... what can you say? Stick to news reading...

Anyway, we have guests, so that's all I can write currently. If I do post a daily, it will be much later this evening... after every sane person in the house goes to sleep.

Enjoy the weekend. Rest up!

P.S. Check the poll, it's back to 50-50! What suspense!

Clarence, The Rodent Of Stock Market Volatility

Clears throat...

Cramer Freaks Out On CNBC

Too busy for a synopsis right now. I'll look for a video of it later.

Says credit market worst it's been in over 20 years...

Says we need Uncle Ben to give a rate cut "to save us"...

Lunatic!

FLASH: He may have put a near term bottom in the market... meanwhile, CNBC, I guess there is a problem with BSC afterall... see my earlier post today for commentary on that. And, by the way, he just made himself "unfire-able." Just imagine the conspiracy theories...

UPDATE: Cramer came on again in the last hour and was cool. Said he didn't mean to scare people but he was concerned about "how tuned in the Fed is" to the problems concerning the credit market. He said that "all the problems will go away if the Fed says 'we're monitoring the situation and we're not going to let it turn into a debacle'." Says Fed should switch their stance to "ease" and problem will be gone.

Here is a link to the video. If you missed it, check it out... trust me.

CNBC Discusses BSC Downgrade

I have to say it's interesting that CNBC is pulling out all the stops to defend Bear Stearns today in the wake of a downgrade on the company.

Last I checked, S&P makes it their business to analyze and make recommendations on the credit ratings of companies. And, last I checked, CNBC makes it their business to disseminate business news.

However, after I heard Mark Haines declare that the people who sold BSC today were "lemmings" and that "Bear Sterns is in good shape" I felt it necessary to write this post.

I mean, I don't claim to know a goddamn thing about what kind of shape BSC is in. It just bothers me that some old person, sitting, watching the TV might consider acting on buy or sell recommendations provided by a TV news anchorman.

After Mark Haines, we were treated to Bob Pisani talking about what great shape BSC is in while bullet points on the screen tauted their liquidity, etc.

At least Steve Leisman was there to talk about something real, the credit default swap market. He simply explained that BSC is paying more to fund their lending right now. No opinion involved, it's just a fact. Perhaps this is what S&P was looking at when they made their recommendation.

And I don't know if they offer Steve Leisman out there to balance out coverage, but anyone who watches also knows that the other "newspeople" kind of treat him like a class clown... so they let him say his piece, but then they all make fun of him.

Anyway, I'm just writing this post because should the shit hit the fan and these problems spread I want these people to be held responsible for touting stocks instead of simply reporting on them.

Oh, and one note to Trish Regan. Please.... stop yelling!

UPDATE: Bloggerdotcom sent me this interesting article that dovetails with what Cramer was saying on CNBC yesterday. Of course, it's from thestreet.com, so I guess that's to be expected.

Cortney Tidwell, "Eyes Are At The Billions"

Yeah, so I've posted this before... I'm sure you didn't notice.

I'm posting it because it blows up halfway through the song and I think it's apt to what's happening in the market. March and April there was this girl singing in this dreamy voice, things were nice, flowers blooming, birds migrating... get it, like the market? and then WHAM! The flowers die! The birds explode! and the market freaks out!



NOTE: Speaking of exploding, I suck so far today...

Beta Band, "Dry The Rain"

Back from surf. The winds shifted overnight and I got a little throttled today. I tell you, surfing when you're in your early thirties is a whole lot different than surfing when you're a teenager. I'm still working on conditioning...

Anyway, here's a mellow song for a mellow start to the day. Excellent song, very catchy, made famous by the movie High Fidelity.



How about that poll over on the right sidebar? Almost 50-50! Perfect really... no one knows what's going to happen!

Daily Show Does Subprime

Good stuff.

Hopefully, when I figure out that I've failed as a trader I can try and fail as a writer for The Daily Show. That's my dream really... to be a failed comedy writer. Ahhh.....



NOTE: I won't be here in the early morning... waves too damn good to do research. Instead I will be surfing. So I plan on getting to my "desk" at 9:15am, taking a glance at the futures and firing off a bunch of orders pre-market. I will then close all of these orders out at 9:40 and start a book I've recently purchased about "losing your ego."

You see, that's the beauty of the money I made these last couple of weeks. Now I can afford to buy books. Because I plan on being poor again in the near future I am stocking up on books about spirituality. This way, even if I am poor I will be spiritually superior to you, "Rich Wall Street Man."

Yo La Tengo, "Sugarcube"

"Are you scared of making money?"

A Real Snoozer Until...It Wasn't

After all of our recent excitement, today qualifies as a real snoozer.

My best and only really interesting trade of the day was a short in FED.



This was a risky trade because I initiated my short while the stock was still rising around the $46.75 level. However, I added slowly and was watching some of the other mortgage names, MTG, DSL, RWT and JLL come off their highs. FED just took a little longer to melt. I got more than half my position off above the $47.50 level, so I scaled in smartly.

I covered some around $46.50 and the rest down by $46. I pulled in a little over a grand on the trade.

Other than that, I really just took some small scalps on either side of the market. We were rangebound all day long so I worked on my patience and didn't trade too much. Had I done the same yesterday I wouldn't have missed out on all the fun post 3:30. But anyway...

I hope this doesn't put an end to all the volatility. I don't think it does. After yesterday's crazy short covering into the close I figured we might see a day like today. I'm writing this post at 2:30, so who knows how we'll end. The market is having a tough time moving in either direction. That employment report tomorrow could be a big deal and perhaps we'll have to wait until then for more movement.

Anyway, the dog days of summer are here. It's 90 degrees outside and I'm not sticking around. Off to the beach for some surf and dinner with friends.



UPDATE: Okay, so I wrote that part of the post at 2:30 and I thought I was done for the day. I should have been because I just gave back half my gains in that nasty "rally" at the end of the day. I'm sure I'm not the only one, that was messed up. Check out what happened at the end of the day. I got chopped in TNH and in MA... and I don't think there was one stock that you would have been safe in... fucking robots.

Here's the stats:
P&L, $487
Best, FED, $1075
Worst, MA, -$405

shares traded, 29,000
19 stocks traded, 5 winners, 14 losers
160 total trades

Virtual Office, $2145. Dow, +100.96, 13463.33.

Evolution, $887 on 134,200 shares traded.
HPT, $500 on 20 contracts traded.
Me, $487 on 29,000 shares traded.
OBAT, $271 on 5800 shares traded.

Off to the beach. I'll post more later.

Hybrid Market Integrity & The No-Uptick Rule

A very interesting "Stop Trading!" segment on CNBC with Cramer this afternoon.

If you missed it, here were a few key comments.

Erin and Jim spoke about the integrity of the market right now.

Cramer said today is "exactly like October 1987" in that you "cannot trust the prices." Cramer claimed that the market was in "incredible disarray" and that he has been "refusing to trust the quotes" and that it has really effected the "homegamers" because they "haven't been able to trust the pricing this week." Bottom line, he claims we couldn't trust the market in February (when the Dow melted due to a computer glitch) and you can't trust it now.

While they didn't mention the hybrid market outright, Cramer has been railing on it lately and I'm sure this is what he was referring to.

Also, and this pertains to some conversations that we've been having at "the Fly's" blog recently concerning the now dead "uptick rule" Cramer claimed that all of the action in BZH yesterday was due to "bear raids." As he explained, "You can drive any stock down because of the no uptick rule." Erin concurred and stated that the no-uptick rule was "causing a lot of the troubles" of the last week.

Interesting stuff indeed. Perhaps Cramer has been reading this blog. I've been all over the "freaky hybrid trades" from the beginning. It's about time it's getting a little more notice from the main stream media.

The Clash, "Complete Control"

It's been awhile since I posted some music. Since it's hard to see who's in control of this market, I figured I'd give up and hand the control over to the Clash. Enjoy!

Lycanthropy

A tip of the hat to Jake Gint for this gem.

lycanthropy: n. 1. a mental illness in which one imagines oneself to be a wolf. 2. the magical power to transform oneself or another into a wolf. lycanthropic, adj.