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.
A couple of years ago, our friends at ZeroHedge did a post about a 22-year old in London who was holding himself out as a wildly successful FX trader (personally, I don’t think such a thing exists). He got the attention of the press by spending money lavishly, including buying a $125,000 bottle of champagne.
Since he was evidently so amazing at making money, naturally he wanted to teach others to do the same………because if you discover the secret to pulling money out of the market, why waste your time in front of a screen doing so when you can be charging modest sums to everyday people to teach them to do it too? So that’s what he did……… (more…)
Pandora’s earnings have rolled out, and as I’m typing this, the stock is down a little more than 8% (around where I’ve put the tint). It’s a very toppy pattern, and I’d say odds are good it’s going to keep tumbling until that gap (pointed out with an arrow) is filled.
OK, I present to you my Royal Screwup Of The Day: General Motors. As some of you know, there’s nothing quite so painful about being correct on a trade and yet losing money on it. This is one of those times for me.
I have been bearish on General Motors for a variety of reasons. They came out with their earnings this morning. The Street loved what they heard. They bid the stock up massively (relatively speaking; we’re talking about General Motors, after all). (more…)