My best short position today is Penske Auto Group, shown below. I’m hanging on to it, however, since I think it won’t stabilize until somewhere between $34 and $35. (more…)
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.
FOMC Tomorrow – Take 2
It was pointed out yesterday that the FOMC announcement is actually on Wednesday and so there is another day’s grace while we wait. Ranges tend to be narrow on pre-FOMC days and I’m expecting the gap today to fill. (more…)
Another Opportunity in XOP?
Roughly one week ago we exited what would be a profitable directional trade in XOP.
XOP had climbed into a short-term overbought state, so I decided to short the ETF using puts. Now typically, I am a seller of options, but the set-up was just too good to pass up for an aggressive style trade so I bought a few puts. The result was a 74% gain over just a few trading days. While I’m not going to anticipate similar results this time around, I am excited about the opportunity ahead. (more…)
How to Trade Coach (COH)
Coach (COH) took a header on earnings last week…
But it was punished far too much. (more…)
A Great Documentary
Today I watched a documentary about Bill Hicks (the adjunct Patron Saint of Slope, 2nd only to George Carlin, blessed be his name). It was fantastic. Here’s a trailer for it: (more…)
