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.
NEW IPO, SAME OLD SCAM
Groupon (GRPN) is a company that recently held its IPO (initial public offering) where it went public and attempted to squeeze in its fundraising in before the equity markets closed. Other firms like LinkedIn (LNKD) and Pandora (P) all paved the way for the final scam which is eerily similar to the 2000 Tech Bubble days.
I originally wrote about Color.com back on April 2nd of this year. This is the firm that scored $41,000,000 in cash without so much as a PowerPoint presentation. If you want to read about what they supposedly were creating, just read the original post. I thought it was a completely stupid idea, and as I was walking by their huge office today, I took a snapshot through the window:
I am going to keep it very short tonight. I think my High-Probability, Mean-Reversion chart says it all – a short-term bounce (1-3 days) is imminent.
Yes, the market has pushed into a short-term oversold state and as a result, I have been trading like mad in both of my options strategies. As a contrarian, it is times like these that I feel most comfortable taking a position.
When the ETFs I follow have RSI (2) readings below 2 and followed by a gap lower in the market I am perfectly comfortable adding exposure through directional plays like calls and of course, selling bull put spreads.