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.

Devry Follow-Up

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I've been touting for-profit education stocks as good short opportunities for quite some time. I laid out my argument in this post from January, in which I reported shorting DV when it was in the 40s. Please re-read the post to see the fundamental arguments I made against for-profit education companies.

Well, fundamentals are definitely catching up with reality. The stock was trading in the teens earlier today, having lost about a quarter of its value right at the opening bell. Ultimately, I think some of these education companies will be as bankrupt as the students that graduate from these pathetic institutions.

0724-DV

Flags (by Springheel Jack)

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I was saying yesterday morning that there would most likely be a bounce before any test of the 1325 SPX support level, and we saw that yesterday afternoon. So far that bounce looks like a bear flag, and if we see more upside today I have a target in the strong resistance area 1357-63, with the gap fill from yesterday morning at 1362.66 SPX of course. The middle bollinger band held on a closing basis, and if we see a close below 1350, and a break of rising support from the June low on the daily chart then the next obvious support and target are the lower bollinger band and the 200 DMA in the 1315 area:

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