I have, as my mother used to call it, some "rat killing" to do this afternoon (translated: tasks). Talk amongst yourselves. I'll be back this evening.
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.
I wanted to provide an example of a successful short which I closed this morning. I shorted LMIA at about $13, and it fell nearly 70% in a very short amount of time. I closed this position because (a) it had reached meaningful support (b) let's face it, for a short-sale, a nearly 70% plunge is about as good as it gets! The risk/reward simply demands closure.
I feel lame saying how busy I am every blessed day, but I am, and it's only going to get worse. I sort of wonder if Slope is even going to be around in a year, since it requires so much care and feeding!
Anyway, here's another stock I shorted today. I actually have a lot more long opportunities waiting in the wings, but I'm a little uncomfortable at the moment given the big run-up yesterday.
Shorted NQ @ 1121
Hey, it's not ES this time! How about that! I love this pattern. Stop price: 1137.
SRS Attractive Again
SRS has fallen so fast and furious, it is at a level I find attractive again. I bought some in the 60s.