Category Archives: Slopers

Slopefest VII by Market Sniper

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Hard to believe that we are now at Slopefest #7! Here is your chance to meet with old friends and make new ones as well. Match up real people with their on-line personas and avatars. Slopefest is scheduled for the weekend of June 6th and 7th in Las Vegas, baby! Great times were had at all past Slopefests and if there is any guarantees in this life, this time will be NO different.

Our gracious host, Mr. Tim Knight, will be there on a “best efforts” basis. Here is the scheduled itinerary for Slopefest.

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Calling All Testers

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Well, I’ve dropped more hints about my “project” that a Hollywood agent drops celebrity names, so I might as well come straight out and ask for your help.

I’m looking for people to test a new mobile app I’ve been developing. This app is just one aspect of a new business I’m working on, but it’s a vital one. The requirements for beta users are simple:

  1. You need an iPhone or an iPad with a cellular connection;
  2. You should enjoy getting out and about in your town;
  3. You need to print, sign, and mail in a non-disclosure so that my project is kept secret (please write the email address you use for your iTunes account on the form in the space provided).

Click here to download the non-disclosure agreement. which is a Word document. Mail it in to Tim Knight, 555 Bryant #711, Palo Alto, CA 94301 and I’ll be in touch via email about next steps.

A number of you have already written, expressing interest in testing this mysterious new creation of mine. Now’s your chance! Thank you very much.

Oh What a Plus

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I usually keep Slope+ posts and ideas behind the beautifully manicured topiary surrounding the Slope+ garden, but I wanted to share a recent success story to illustrate (1) the kinds of cool ideas you non-plusers are missing (2) how I actually do, gasp, offer up long ideas (although, cough cough, this particular one was to go long a bearish fund).

On the morning of March 25, I published a post called Aggressive Long which suggested buying the symbol DUST to take advantage of what I felt would be weakness in precious metals miners. I’ve marked the approximate publication time below with a green arrow, and I’ve tinted beneath that the suggested stop loss of 14.76 (which was never hit).

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Fewer Posts and More Conversation

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Although I’ve never been to a Marie Callender’s before (which may explain why I weigh well less than 300 pounds), I remember their old slogan: “Come for the food, stay for the pie.” Slope is somewhat like that: people come for the charts, but they stay for the comments.

Indeed, the comments section is the bedrock of Slope’s popularity. Morning, noon, and night, 365 days a year, people are chattering away. I’ve been getting some pushback for doing too many posts, which tends to break up conversations and spoil the rhythm. Yesterday, for instance, I counted no fewer than a dozen posts (two of which were for Slope+ members only). I agree, that’s just too many.

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Top Tick Truisms

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Last Monday, I wrote a post called Top Tick Tyler, which essentially pissed and moaned about how the various “this time for sure!” reasons for the market to fall, as offered up by ZeroHedge, had collectively amounted to Jack Squat. (It is probably no coincidence that, on that very day, the Dow Industrials reached its highest level in the history of the universe).

One of my readers took the time to email me a lengthy response. I asked for permission to reprint it, which he kindly gave. Here it is, along with my response embedded in bold:

Hi Tim,

I apologize at the beginning for the length of this email. You are a swell guy, if anything here offends you, it was not my intent and I apologize even before I begin.

Interestingly enough, any time an email begins like this, it’s usually a very thoughtful and friendly missive. (more…)