Daily Archives: May 12, 2012

FINAL Update for Slopefest IV! (Market Sniper)

By -

The fun is about to commence forthwith!  Here is a link to the main post which includes a map of scheduled festivities.  http://slopeofhope.com/2012/04/slopefest-iv-is-almost-here-market-sniper-and-vittorio.html

A few changes and updated information! Great news! Our Las Vegas connection, Mr. K, aka, Ferrari, has scored for us again! It seems that our Slopefest night is also member's night, an annual shindig. We are still getting in! Free food and drinks from 6 pm to 8 pm! And here is the food menu!

Buffet and tray passed Hors d’oeuvres

Crudites with Blue Cheese Dressing

Hummus with Crispy Pita

Tapenade with Grilled Bread

Pear Goat Cheese on Belgian Endive

Warm Jalapeno Corn Bread & Spanakopita

Chicken Sate with Spicy Peanut Sauce

Bananas Foster Empanada & Mini Assorted Chocolates

After 8 pm, tabs will be run. They do have a "theme" for dress but it is not mandatory. Dress is 1940's garb (which I guess means zoot suits!). We will still have our own room but it most like will be the Ganesh Room rather than the Media Room. Be certain to identify yourself with the Slope Of Hope to the elevator concierge. 

Vittorio and I are leaving for Vegas Sunday, May 13 and will be there through Sunday, May 20. We are staying at the Excalibur Hotel and Casino and can be reached by asking for Holland or Abbene. Those who are coming in prior to Friday can get a hold of us as there are other festivities also planned. We are looking forward to meeting with all of those who can attend and yes, Mr. Tim Knight will be making a cameo apperance Saturday night!

SPY Guessing Game Results: The  close of SPY ETF on Friday, May 11 was 135.61. Two entrants had the exact same number, 135.45! According to the rules, first entry in got the first prize. I have been in contact with both and prizes will be going out to them right after Slopefest. Third prize winner with a guess of 135.42 was a Dr. Peter (last name omitted). Doc, for some reason, I do not have your email address. Please contact me at Dutch302 at gmail and be certain to include your last name for verification.

Final note: for those of you that enjoy casino gambling, bring a roll and we will go after a casino. Who knows, maybe we can make a big dent in their quarterly earnings results. IF we do, then we will short the living hell of their stock and score again! Legal insider trading!  LOL!!! Look forward to seeing as many of you there as can make it. Surprise prize for the Sloper in attendance who came closest on the SPY guessing contest as well!

Yours in the never ending search for edges wherever they maybe found!-The Market Sniper

Money Flow for May Week Two

By -

Further to my last weekly market update, here is a summary of where money flow ended for Week 2 of May 2012.

The Weekly charts below of YM, ES, NQ & TF show that they closed lower than last week's bearish engulfing candle, except the TF, which closed marginally higher. They are still range-bound from January. Until we see price break out of this range one way or the other with conviction on increasing volumes, we may see an attempt at a bounce on Monday.

As I mentioned in my market update of April 13th, I'm assigning a weekly bullish or bearish rating on YM, ES, NQ & TF until the end of this year. Please refer to that post for the parameters, and to the Weekly charts below. As of this past week's close, the ratings for next week are as follows:

(more…)

Hedging Update: Social Media Stocks

By -

Hey fellow Slopers,

Sorry for being scarce recently — I was under the weather for a stretch, but am back in action now.

After seeing Tim's post today on Zynga and Facebook ("Remember to Get Excited About Facebook's IPO"), I thought I'd take another look at the hedging costs of Zynga and a couple of other currently-public social media stocks. First though, a couple of links related to the Zynga and Facebook that might be of interest.

(more…)