The decision on Cyprus has been delayed until Monday and may be delayed further. The principle that depositors’ money has to be appropriated seems to be off the table and Cyprus is looking hard for a viable alternative. Cyprus may well not be a market mover over the next few weeks if an alternative solution can be found.
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.
How An Inexpensive Hedge Could Have Helped AFFY Longs
How A $50 Hedge Could Have Saved $2,470
Shares of Affymax, Inc. (AFFY) plummeted 64% on Tuesday after the company announced late Monday that it was letting go 75% of its workforce. AFFY is now down 70% since March 7th, but an AFFY long who opened this optimal collar hedge then would only be down 12% over the same time frame. For an investor who owned 1,000 shares of AFFY, opening that collar would have cost $50, and it would have saved him $2,470 in downside on his shares. In this post, I’ll show how that hedge worked.
Palo Alto Real Estate
A good friend of mine who, among other things, sells real estate in my little town, mentioned to me in an email this morning that prices had gone “stratospheric.” I’d like to offer you a sample of what he means in a full-color, full-page ad I tore out from this morning’s Palo Alto Daily Post.
I present to you what you can get for $2 million in Palo Alto (truth to tell, it’ll probably go for a meaningful amount over the asking price):
Companhia Paranaense de Energia Update
One of my favorite short positions (whose name, I confess, I had to cut and paste) continues to do well. I think much, much lower prices are in store for this one. And allow me to congratulate myself for the coolest representation of a ticker symbol in blogging history.
