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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.
The Vomit Comet
OK, I'm going to disappear for quite a while today. First, I've got a "Spotlight" session on thinkorswim (go to www.thinkorswim.com for details) half an hour after the closing bell. Second, I've told every person in my life to bug off all week, and it's high time I communed with some folks beside you good people.
Today went very, very well for me. I was scared to pieces at times, but I held tough, and it worked out great. I'm slamming the book closed on this week. Let's all pray for some peace and quiet next week. This is like being in a never-ending state of war, and I think I speak for most of us when I say we're all really sick of it.
I'll do a post either tonight or on the weekend. Thanks!
Going Long OIH
In spite of getting burned very, very badly so far on any long positions, I am entering a large OIH call position at these levels. The confluence of the Fibs and the absurd battering over the past seven days makes this attractive to me. I am getting January calls, deep in the money. Nothing crazy. But big.
The symbol I got is .OIDAL and the price I paid was $29.
Fear—>Cash
I'm in full-blown safety mode right now.
My IRA account? Zero positions. A ton of cash.
My Personal account? Zero positions. A ton of cash.
My "big" account? Twenty-three little longs, and two big longs (QLD and SSO). Plus a ton of cash.
This is a relatively conservative position for me. Not a single option of any kind. This market is stark, raving mad, and even for me, I'm hiding in the cave.
