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.

MDR Finally Moving!

By -

Well, I have had the patience of a saint on this one, but it seems, at long last, McDermott is finally breaking down. They just posted results, and their COO Is leaving. As I’m typing this, they are down about 16%. I’ve got a short position as well as a very large put position on the stock. Just when I was beginning to question this whole technical analysis game, I get some really good news. I think this stock is headed much, much lower than even current after-hours action indicates. The topping pattern is very large. (more…)

Carnival Going to Sink

By -

Carnival Corporation, which provides the invaluable service of letting fat Americans take a break from overeating on the land and spend some time overeating on the water, is sporting a pretty big bearish engulfing candlestick pattern today. I’ll be shorting it. As a totally random aside, I’ll mention I just finished watching United 93 for the first time, and it was excellent. For the sake of political correctness, I won’t go into my views on the “religion of peace”, but I think the movie is a valuable reminder as to divergent cultural values and American bravery. It was amazing to watch. (more…)