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.
Carl Icahn announced after yesterday’s close that he’d bought close to 10% of Nuance. (Ironically, Carl Icahn strikes me as the least-nuanced human on the planet, or certainly the least genteel.) As with HLF, he has a knack lately for buying into technically-broken stocks. I’m sure the man, rich as he is, and as successful as he is, couldn’t care less about technical analysis, but I wouldn’t buy either HLF or NUAN.
Hello?
At great risk to my life and reputation, I have been on the anti-kook train for the past couple of years, earning scorn and hatred from Tyler’s metal-loving chicken-boners over at ZH. The Slope of Hope has been bearish on miners since Mamie Eisenhower was considered fapable, and I think the slide is going to continue for quite some time.
Here’s one of my shorts, Endeavor Silver, which has already dropped quite a bit. When will it stabilize? I’d say around $3.50, or another 40% drop from here.
Last weekend it was noted in NFTRH that the HDGE actively managed bear fund has begun to rise despite a still buoyant broad US market. Aside from being a profit making vehicle when the market begins to correct, it is also another indicator that things are not well beneath the surface of the market. This fund shorts the scams and accounting tricksters, which are no longer going up as the market apparently refines (thins out) to quality. In other words, speculative juices may be drying up.
I took a listen last week to the fund’s manager and decided to start a position against longs. What I am going to do now is reduce or eliminate longs and sit on cash while very slowly trying to get short over the next month or two, depending on the market*. People interested in bear exposure might want to take a listen and see if the manager’s strategy makes sense. I think something like this – if you trust the managers – is better than the leveraged bear ETFs.
* Just as speculated in a post yesterday, it appears da bull boyz is gonna try to ram da shortz dis morning using some kind of Auto sales hype. Topping is probably going to be a long and grinding process. Keep in mind how long it took for the obvious bullish trend to emerge from the actual bottom last spring. Biiwii.com
