Greetings from my children’s play room, from where I have decided to compose a very long post to try to relieve myself of the aching burden of thoughts borne from recent market action. I should be feeling triumphant, but I feel deeply dissatisfied (which is not surprising, knowing my personality) while, at the same time, full of anticipation. Slope is, among other things, a means by which I expunge tortured thoughts, so I will do that here and now.
I’m not particularly talented, but there’s one thing I can do better than anyone I’ve ever met: see patterns earlier, and better, than anyone else.
I offer you Exhibit A in the form of this post from January 27th, in which I introduced the “Ichthus” Jesus pattern, which exists nowhere else except in the tortured mind of TImothy Knight.
Iconix is the latest Slope of Hope success story. Oft-mentioned early this year in videos, and also in posts here and here – you can see the result:
Back on June 15th, I specifically suggested shorting TDC (which was an idea kindly offered to me by a fellow Sloper, who predicted a target price of $30). Here was the chart at the time: