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.

A Little History Lesson (by Closing Basis)

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Hello Slopers,

Being that we’ve now passed through the “hold onto your hats” summer sell-off, the “try not to throw up” range, and the “I can’t believe we haven’t #$A@! pulled back yet” October rally, it appears we are once again smack in the middle of decision time to determine where exactly it looks like we’re going next.  While I admittedly can’t guarantee what will happen next, I’ll try and get as close as I can.


Hedging Update — New Tech Stocks (by Dave Pinsen)

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Hey fellow Slopers,

Below is a quick look at the current hedging costs for a few tech companies that went public this year. Before that, though, a quick note about a non-public company Tim blogged about Tuesday, Color ("Update on Color Silliness"). Checking AppShopper's top 200 grossing list for social networking apps, still no Color as of Tuesday night. On to the hedging costs of recent tech IPOs.


Here’s the Tough Part

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My pointing out of the diamond pattern on the NQ (even while it was in formation) and the price collapse that followed was spot-on. Well, that's all lovely, but here's the bummer part: we are nearing the price target.

That bums me out. Watching prices collapse is a total kick, and it always stinks to see it draw near an end. I have started covering some positions for nice profits, but I must confess a certain amount of chagrin at the entire affair. I'd prefer markets go to $0, but sadly, they always find support.

I even went long a big SPY position a little earlier today when it looked like a bit of a base was forming, but I got out at a tiny ($1,000) loss before any real damage was done. 

I am keeping one thing in mind, though: oftentimes the lion's share of price change happens just before the reversal, so even if you capture 95% of the move on a time-basis, you can miss 30% of the price move in that final little scream. So I'm holding off on completely covering until the target is utterly achieved.