Well, it's the end of the week again, which means I officially lose control of the comments section. Let 'er rip, Bovine.
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.
Band of the Hand
Last thirty minutes of the week; time for PPT shenanigans. Crank up this tune and hang on tight. It should be our theme come this Autumn.
XLU: No More Bejeezus
I have entered a very, very large short position in XLU at 27.22 with a stop at 27.74. I'm up 0.62% on it already.
Don’t Surrender to Boredom
This is one of those "one that got away" stories that provides a lesson.
I bought Xerium (XRM) as a lottery pick early in May (see upward-pointing arrow). It looked to be on the cusp of a cup with handle breakout. I was disappointed that it didn't break out, and it actually sank away from the breakout point.
After a week, I grew tired of this stock "doing nothing", so I dumped it. There wasn't any technical reason for doing so (because I had bought it in anticipation of a breakout, so there was no "violation"); I simply wanted it off my screen since it wasn't performing. (Down-pointing arrow)
It took a couple of more weeks, but then the stock really took off – — just as I had originally expected. The lesson? Being bored is no reason to get rid of a position. Sometimes things take longer than you expect.
CHRS Says it All
This one crummy little stock – Charming Shoppes – sort of captures the past three months in a nutshell. An equity which:
(1) Deserved to be utterly trashed, and did so;
(2) Yet subsequently exploded hundreds and hundreds of percent higher;
(3) And now is on a precipice
