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.
Just a one-chart music…….along the same lines as my LinkedIn post, it just seems to me that as amazing a year as this has been for social media stocks, Zynga’s performance, relatively speaking, has been pretty sad. It did a decent job filling its gap (represented by the green tint), and my hunch is that it’s just going to languish in the low single digits, with occasional barfage along the way. This company peaked, I’d say, just before it IPO’d.
Sent in from thoughtful Sloper Permabear…..
1982 – 1987
August 9, 1982 SPX 102.02
August 25, 1987 SPX 337.90
1,276 trading days, 24.4% annualized return.
October 20, 1987 SPX 216.46
39 trading days, 35.9% Correction
1987 – 2000
October 20, 1987 SPX 216.46
March 24, 2000 SPX 1553.21
3,141 trading days, 15.69% annualized return
October 10, 2002 SPX 768.63
638 trading days, 50.5% Correction
2002 – 2007
October 10, 2002 SPX 768.63
October 11, 2007 SPX 1575.83
1,259 trading days, 14.26% annualized return
March 9, 2009 SPX 666.79
352 trading days, 57.7% Correction
2009 – 2013
March 9, 2009 SPX 666.79
December 27, 2013 SPX 1844.89
1,212 trading days, 21% annualized return
The trend is your friend, and the long-term trend is for higher highs and larger corrections. In Dirty Harry’s famous words, “Do you feel lucky, today?”
One of the few advantages for bears in a market like this (besides self-pity and, for masochists, a perverse, persistent pleasure) is it’s easy to smoke out weakness relative to Herculean strength. Look no farther than LinkedIn, represented by the black line below, as compared with Facebook, shown (appropriately) in green. If you consider the raging success of TWTR and FB over the past few months, and compare it to the completely flaccid behavior of LNKD, it’s not easy to divine that the first hint of serious weakness in the social sector will lay waste to Hoffman’s creation.
As some of you may remember, back on December 23rd, for about the first ten minutes of the trading session, every data feed on the planet had the Russell 2000 just plain wrong. The data was totally screwed up. However, since charting companies consider the data feed to be the Word of God, they aren’t inclined to change it. Thus, the likes of big boys like Yahoo Finance and StockCharts still look like this: (more…)
