I truly hope readers of this blog didn't get into RIMM long (or calls), as I mentioned last week may be the temptation. What a wreck.
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
OIH Has Broken Support
Very significant. What a day! What a day!
Laissez Les Bon Temp Rouler!
As great a day as it is, there are certain areas where taking partial profits makes sense. I have many options whose gains exceed 100% and that are nearing support levels. Take MOS for instance, below. I am closing out half my position and have a tight stop on the remainder. That way I get to have my cake (the prospect of additional profits) and eat it too (realize a portion of the profits here and now).
How Far Could the Russell Fall?
As high as VIX levels are, and as "oversold" (I hate that word……….) as stocks are, I have entered a massive new short position on the $RUT (mercifully, before the latest breakdown that took place, so I'm already well into the green, just minutes into the trade).
How far could this thing fall? Let's go into fantasy-land a moment. Let's say the (somewhat malformed) H&S pattern completes. What's the measured target? Hold on to your boot straps – – it's nearly 40% below current levels. Ain't that sumfin? I think the odds of this are mighty slim, but…………
