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.
Many will wake this morning thinking their world has changed. Some will be ecstatic with the changes for this new dawn. Others will perceive the morning with dim light and dark clouds for the sun might never shine again. And for more than just a few, it’s the same as always because that’s what it’s like if you keep your head in the sand.
Of course this is all in reference to the rulings from the Supreme Court on what is now known as “Obama Care.” But unlike most the entrepreneur will view this all quite differently for one simple reason: No matter what in the world is happening the entrepreneur will survey the landscape, make the adjustments called for, jettison projects that were as of yesterday most promising to forge new plans that as of today meet the criteria at hand. That’s why we’re entrepreneurs. We are in control of our lives and livelihood. If we need to change we’ll change if that’s the plan of action. However what we won’t do is him and haw that’s somethings fair or unfair. Probably the greatest most freeing factor of self direction is that freedom. Don’t ever take it for granted.
I can't remember or not if I've ever bought Chipotle Mexican Grill (CMG) before (as a stock), but considering my incredible passion for all things burritos, this particular long position that I just got in on is particularly exciting for me. In fact, if the stock can rebound and move higher, I'd rather my brokerage pay out the profits in burritos rather than actual money – just a personal choice.
Further to my post of January 27, my post of March 30th, and my post of June 20th, I'll offer the following Quarterly timeframe charts of the Dow 30, S&P 500, Nasdaq 100, and Russell 2000 Indices to wrap up Q2 of 2012.
I mentioned on March 30th I that it would be difficult to imagine that Q2 would duplicate the bullish advance of Q2 without a pullback, since these indices had closed at major resistance levels. The Q2 candle retraced either all or much of Q2's candle on all four major indices and closed in the upper one-third portion of its candle.
My broker gives me the ability to create all kinds of interesting reports, so I decided to query what my best money-makers (and worst money-losers) were on the both the long and short side. My profits in Q2 came mostly from shorts (about 85%), but I was still interested in what symbols worked best and worst for me. Here is what I found (and I've noted symbols of particular interest in bold):
Do you know her? You should because as per US Govt. she is a “Genius” worthy of special visa for individuals with extra-ordinary ability.
Thus ends Q2, in what I think was my worst day this quarter – – – but I'm still happily closing Q2 with a profit. I'll be traveling back home and will be back at my regular desk on Saturday. Thanks for being part of Slope, everyone, and I'll see you in the new quarter! (And I'll publish the second "real buys" post later tonight, after you all have sobered up).