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.
Fibonacci on Alcoa
Here's a fun fact – the Fibonacci retracement for Alcoa's entire history in our database (spanning over 40 years) – from the low on November 11, 1971 to July 16, 2007 (its lifetime high) provided for a 38.2% retracement at $17.79. Today's high was 17.60, and judging from post-earnings action, it looks like that was probably the high water mark for now. Interesting.
Are We There Yet?
No matter how long I trade, I don't think I'll be able to get into stocks that look like the one below – that is, momentum/hockey stick equities.
God bless the folks who manage to get on board these ten-baggers, but stuff like this, to me, is true gambling, because you never know when folks are going to get off the bus. It's all amount raw emotion when dealing with hyper-speculative issues like this. Personally, I wouldn't know where to get on, and I wouldn't know where to get off. For those who bought it in the low single digits, congratulations on your stellar profits! As you can see from the volume, folks are really starting to jump on board.