Way back on August 30, I did a post called Past Fear, Present Fear, which offered up an analog of the VIX (please read it if you don’t remember; it’s a pretty good post). I would daresay it was one of the best posts I did in 2014, and things certainly unfolded as I hoped they would (although today was no fun for me). I followed up on October 9th with my Moment of Truth post, which was just before the markets started really falling hard. Thus – so far, so good. (more…)
I did a post back in February when DDD was about an $80 stock. Simply stated, I think 3-D printing is a fad (and this is from a person who, since 1979, has bought pretty much every new interesting technology on the first day it came out). 3-D printing has received a ton of press, but I think very few people are actually going to use the damned things. In any event, you can see how DDD has done in percentage terms since peaking earlier this year:
I first offered up the insane idea of shorting Tesla back on September 15th, then I followed up with the same notion on September 22. My reasons were simple: (a) their persistent delays in rolling out the Model X were pissing off their most loyal devotees, like yours truly; (b) failed bullish breakout, shown in yellow below; (c) affirmation on the failure with a trendline break and retest, highlighted in magenta. It all added up to a great reason to short the stock and go long the put options, both of which have paid off nicely. Elon, you really should focus on getting the X out the door before you start monkeying around with new models that aren’t that important to people!
I mentioned the social media ETF (symbol SOCL) being a good short based on its Fibonacci retracement. Yep. See, this chart stuff actually does work from time to time.