If the monthly chart of the COMP is to be believed, 4% is the ‘reward’ side of the risk/reward equation in tech stocks. COMP could gobble that up in 3 days.
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.
I’m camping at the Doubletree near the San Francisco International Airport, as I so often am on Wednesday nights (one of my kids attends a Model United Nations near here, so I drive him and his fellow delegates over from school and wait here for them). As I walked into the lobby, I was a bit puzzled and amused to see this greeting me, front and center: (more…)
I am once again humbled by reading the writing of someone whose talent I underestimated: Patton Oswalt. Let me start by saying that I already believed Oswalt was a brilliant comedian and writer, but I never knew he was such a superb essayist. This little post of mine is little more than a giant “Like” on something Patton wrote, but I encourage you to read it: it’s a post he did about Bill Hicks, who died twenty years ago today. Here’s the essay, and here’s a bit of BIll:
One of the few bright spots for me today (besides, ahem – TSLA) is my short in Mexico – shown below. This ETF has been breaking now from its symetric triangle very well, and I suspect it will only continue to weaken.
Long ArcelorMittal (MT)
Elon Musk said about a year ago that anyone shorting Tesla would encounter a “tsunamai of pain”, and I’ve described those shorting the stock as “financial masochists.” However, at these levels – and with yesterday’s high-volume blowout – if you’ve ever been dying to short a little of this monster (or, for the truly insane, short the calls) now may be a good time to do so.