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.

Y(aho)ou Can’t Argue With Sucess

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I’ve long had a fascination with Marissa Mayer. She’s obviously very smart (but, let’s face it, also very lucky – her timing with Google was spot-on), and Yahoo’s stock price has absolutely soared under her watch. Yes, she’s vain (witness the Vogue photograph below), but her famously creepy laugh, I think, helps humanize her. Her house is just a few blocks from my own, and she has far and away the coolest (and most candy-generous) setup for Halloween, so it is a must-visit on the trick-or-treat list around here. (more…)

Knife Fight at Support

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I posted charts on twitter yesterday afternoon showing a possible bull scenario and path back to retest the highs. As we have seen no key support break since those are still very much in play here. The SPX 5min chart I posted below shows the possible double-bottom forming and the megaphone resistance trendline that would be the obvious target on a strong bounce here. If we then saw a break up from the megaphone that should deliver a test of the highs. SPX 5min chart: (more…)

Softening The Blow For JC Penney Longs

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Shares of JC Penney (JCP) dropped nearly 15% Wednesday, after analysts warned of the company’s risk of bankruptcy. Any JCP longs who read Slope and heeded Tim’s warnings (e.g., this one) were out long before Wednesday’s slide, but for those who decided to stay long, I posted a way to hedge JCP last month (“Getting Paid To Hedge Bill Ackman’s Riskiest Investment”). In this post we’ll look at how that hedge would have softened the blow for JCP longs on Wednesday. (more…)