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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.
Long OIH
In spite of my blowing it on the bullish side so much lately (QLD……..twice………) I'll say that OIH looks fantastic to me with a stop at 125.40, yesterday's low.
The House of Morgan
Perhaps you thought that shorting a stock at its top was something you could only do a year ago? I don't think so. Witness JP Morgan (JPM). My idea is to buy puts at current levels with a contingent stop at today's high, 50.63. I already owned puts, but I supplemented this position. This is the megaphone of megaphones.
For Crying Out Loud……….
I guess the powers that be couldn't let us have a normal close today. The bill is finally out of the way (Thank. You. Jesus.) and the markets are just losin' it. If the IWM breaks yesterday's lows, all hell is going to break lose. Just sayin'.
Anti-Climax
The bill passed and the market fell. How about that? I sold my NDX calls for a profit near today's top. I sold my $RUT calls just now for a small loss. I have played it VERY safe today. My three accounts are very, very steady. I'm glad this stupid bill is out of the way. Let's wait for some of the dust to settle.
