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.

Another Reason to Short Apple

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A lot of you have probably heard the folklore about the Stadium-Naming Curse. That is, the phenomenon in which a firm that pays for the rights to name a stadium invariably falls on hard times. The general theory is that once a firm's collective ego and treasury reach a certain level so that they think it's worth a huge fortune to slap their moniker onto a sports arena, the end is soon to follow (the most famous example, of course, being Enron).

I was reminded of this when I saw that Apple wants to make a gargantuan office building to hold 12,000 employees. It has been described as being like a spaceship that has landed. Here's a rendering:



To me, this only amplifies my thought that Apple has reached its peak price (probably for years to come). Yes, it seems quite anecdotal (sort of like the constant harping about AAPL heading to $1,000 per share a few months ago…………gosh, we don't hear much about that anymore, do we now?) Below is a video is Jobs presenting (just yesterday!) to the starstruck bureaucrats of the Cupertino City Council. My God, he does not look good.


sAnyway, food for thought. I'm going to close up shop for the night. See you Thursday morning!

Chart on VRUS (by TraderHR)

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Pharmasset, Inc. (VRUS), after a big surge in price and volume in March and April when the stock doubled, has consolidated in the last 30 days in a rectange pattern. The stock appears ready for another breakout above key resistance at 110 area.  If a breakout above 110 occurs, I expect to see VRUS move toward the 117-120 area. Preferred entry (buy stop) price is at 110.80, with a stop at 104.00.

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