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.
I read that Dell is wrapping up plans to go private at something like $13.50 per share. It's stunning to me that Michael Dell is worth about $16 billion, considering Dell's market cap isn't much higher than that. I can assume that Mr. Dell (very wisely) dumped stock into public hands in exchange for cash long ago when it was trading much, much higher, thus yielding the giant net worth.
The amazing thing is that DELL crossed its "buyout price" back in February 1998 (for perspective, Mark Zuckerberg was thirteen years old and probaby just sporting his first pimple at that time). It was, in the late 1990s, and ungodly amazing stock, soaring to nearly $60. But, similar to the Nikkei 225, it pretty much is down 75% and hasn't looked back.
(Note from Tim: this was submitted to Slope earlier today, when HLF was geting killed) It shouldn’t be
this easy to make money…
first plunged in January, I raced Speed Retirement Trader readers into the
position as fast as I could.
As of this writing (I have to say that, in case the powers that be decide to do something), the markets are down, aided in small part by the Euro doing something it hasn't done in eight months: falling. It's down almost 1%, but the real question is whether it'll cut beneath its breakout line; a dip below 1.3478 would damage this breakout severely enough to give the bears hope.