Back in 1979, I laid hands on a personal computer for the first time in my life. It was a Commodore PET, and the forward-looking math teacher in my middle school had arranged for the purchase of a few of the machines. (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.
Long Agco Corp (AGCO)
Perhaps you’ve noticed how “lurchy” the market has become lately. Day after day, the ES rips this way and that, far more dramatically than in weeks past. It’s pretty obvious there’s a lot of angst about the jobs report tomorrow morning (and the interminable discussion of taper talks), so it’s not clear if the bulls or bears or winning. (more…)
I came into the day with 94 short positions, the two largest of which were FXE (the EUR/USD, basically) and GLD (gold). I covered the FXE at a loss, but the profit on GLD was over three times the FXE loss. Better still, it looked like gold was going to have a fantastic down day, since it was deep red in spite of the amazing EUR/USD strength. Sadly, I’ve gone ahead and covered (still with a solid profit) since it failed to break yesterday’s low. I confess I’m getting a bit impatient with this move. My target is shown as the red dotted line. (more…)