Slope of Hope Blog Posts
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Intel has posted its earnings, and it's up a little over 1% in after-hours trading. I'm going to wrap up today with this post.
A regular Sloper had mentioned he liked my characterization of my best-performing shorts as "Darwinian." Now although the notion of Darwinian shorts might bring an image like this to mind, it's not what I mean.
Rather, for those short positions that are able to survive the relentless climb higher by this market, I deem then survivors in a Darwinian sense. After all, if certain select issues can go down in this utterly distorted, flooded-with-trillions-of-dollars market, then what kind of magic are they going to perform if the market actually goes down some day? (Yes, markets can go down; I know it seems hard to believe anymore).
And so, with that, I offer – in ascending order of current profit – my best seven short holdings. Keep in mind these are all still "young" positions, but they've each dropped from 6 to 10% (I've roughly indicated my opening price with green tint in each of these charts). Enjoy, and good night!
I just got word from my editor at John Wiley & Sons that they need some immediate changes to my 2nd edition of Chart Your Way to Profits (coming out a little later this year!) So I need to turn my attention to that for a bit. Tawk amongst yerselves for now…….