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.

Trade of the Day: MNKD (by TraderHR)

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MannKind Corp. (MNKD) is our TraderHR Free Stock Pick for Friday December 10.  It gained 50 cents, or 7.45%, Thursday on double-than-average volume, closing at $7.21, the highest close since March 2010. The stock is trying to break strong resistance around the 7.20 area.

Another indication of a possible trend reversal is the double-bottom pattern, with MNKD reaching a bottom in May at 4.76 and again in November at 5.07. If current momentum continues MNKD could reach its next resistance level around the 8.10-8.50 area. Preferred entry (buy stop) price is 7.35, with a stop loss at 6.80.


Originally published on

Complacent, They Are

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There's a lot of chatter lately about how boring the market is. I'm inclined to agree. Just take a look at the VIX over the past couple of years. We've gone from The World Is Ending Now (VIX approaching triple-digits) to Everything Is Peaches 'n' Cream (VIX approaching historic lows).


For my own trading day……..I got out of my CYH short early on with a profit (I am flabbergasted at how it's zoomed since then, but I'm glad not to be part of it). The big wrench thrown in my day was my BEC short, which lurched hugely higher this morning. That one position (out of 75) represents the difference between a losing day and a winning day for me today.

As always, individual equities usually account for only about 0.5% of my portfolio, or less, so it's not devastating, but any short that opens nearly 30% higher is going to put gloom on the day.

In any case, I'm busying myself with other things since the blog and market are so quiet now.