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.
Once Again, Because It’s So Appropriate
It Could Be Nothing, But……
…..I can't help but keep noticing this pattern. What could it mean? A measured move of about 1,000 points off the Dow. What else could it mean? Nothing. But I wanted you to see this.
AGQ Down ~70% Since April 2011
Wow. I guess silver's reputation as a safe haven of sorts is probably shot for a decade or two.
Mid-Day Thoughts
Just a few thoughts, now that I've gone through all contents of my Bear Pen watch list.
+ I am very lightly committed – 20% in positions, all of them short, and 80% in cash. I am concerned there might not be a heck of a lot of blood left to squeeze out of the current drop, and, let's face it, nobody knows what kind of insanity might happen over the weekend (either good or bad).
+ I do, in fact, see dozens of fantastic, tantalizing, gorgeous bounce plays, but the thing is that these very oversold stocks could simply get more oversold. Still, I might enter some of them to balance things out, because if the market gets any strength, these could go up 10%, 20%, or more in just a couple of days.
+ There are some stocks, such as Devry (symbol DV, shown below) that could either go up a lot or down a lot. How's that for a Captain Obvious analysis? What I mean is that, if they break, they could go into full-blown crash mode, whereas if they simply want to recover from the low end of a range, they could rally for weeks. So I'm feeling somewhat stuck right now, since there are dozens of stocks that look just like this.
