Category Archives: Follow-Up

Sound as a Dollar

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Back on May 3rd, I did a Slope Plus post suggesting going long the US dollar. As I phrased it at the time: “The Yen and Euro have been very strong in recent months. I believe this is about to turn, and thus I am banking on a strengthening dollar. There are plenty of ways to play this (short the Euro, short the Yen, etc.) but I’m going to use the lame-o, thinly-traded UUP.”

Well, let’s take a fresh look at the charts. Shorting the Yen has gone pretty well, and there doesn’t seem to be much in the way of support, so this probably is a good “hold”:

0524-FXY

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Eclipsed

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Way back on August 14th of last year, I offered up the idea to short SolarCity which, as I put it, had “nothing but losses and a really overhyped CEO”. Well, it was a pretty wild ride since then, but on the whole, that short idea has worked out rather well! (I’ve marked the post with an arrow)

0510-scty

As for today, FRGI is my one bright spot, since I suggested it only on Sunday and it’s getting blown to pieces. As for the day in general………..well……..kinda sucks, don’t it, bears?