A little over a month ago, I did a post about Aeropostale called A Matter of Perspective. The main point of the post was that just because a chart’s price was near the bottom of the graph doesn’t mean the price can’t go lower. Well, now that ARO has posted its “pitiful results”, the stock is slumping 12% after hours, and I imagine a year from now it will be much, much lower. I’ve marked an arrow on ARO to show where it’s trading right now. Firm support is at $0.00. (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.
Precious metals boosters will see gold’s nominal price break upward and probably get excited. They will marshal the troops for what could one day turn out to be a full fledged tout, as if the 40% decline of the last 2.5 years had never happened.
Here’s are the bearish trade setups I am watching right now:
Back in the late 1980s, one-hit-wonder Tiffany burst on the scene (or at least burst into malls across the nation). She’s been making music ever since, and I say “good for her!” that she’s still doing what she loves.
I hadn’t thought of her in a long while (and even when she was briefly a big deal, I never listened to her music), but I bring this up because of a cool documentary I saw in Netflix yesterday called I Think We’re Alone Now. It was terrific, so if you’re on Netflix, check it out. I have known plenty of people just like the lunatics featured in the documentary, and if we’re ever together and you buy me a couple of beers, I could tell you some stories. Check out the trailer: (more…)
In the midst of all this morning’s turmoil (and, for the love of God, could we, for once, not have an end-of-day rampup? PLEASE?) I wanted to again share the notion of shorting symbol BIG (Big Lots), which has rocketed to a level I believe represents an attractive risk/reward level. (more…)