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.

Bigger, Longer, and Uncut

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Finding my inner bull probably came as a shock and puzzlement to my long-time readers, but it's true – – on Friday, I started aggressively covering shorts and entered a single very large long position in FXE.

This morning, I've been augmenting that long with new large positions in SPY, QQQ, and TBT.

I have remained in 30 short positions, merely because the charts are so outstanding that it would be 0521-holmes illogical to dump the positions, even in the face of what I feel is an imminent and substantial bounce. All the same, I am weighted to the long side – – – a freakish circumstance for me – – – and will merely be marking time until the Greatest Short Opportunity of the past several years introduces itself to us a little deeper into 2012.

P.S. Incidentally, I flew out to Las Vegas for SlopeFest IV and had a great time meeting people and putting names to faces (or at least screen names to faces). Hearty thanks to all of those who made the trip. I apologize for my short stay (literally 100 minutes at the venue), but the last flight out of Vegas is at 8:40. My absurdly short stay in Sin City will now permanently cement my reputation as a pitiable homebody.