Here’s Today’s Watch-List:
Short Cabela’s (CAB)
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.
About Time, Coach!
Coach (COH) tumbled nearly 10% this morning, and I was glad to see that, since I’ve had this short for ages, and it never seemed to do anything. I decided to do a follow-up post on Coach, so I looked at the Slope archives and found this post about a different COH short I had back in October which also worked out. Besides the saucy picture, one thing that amused me was what I wrote: “My Coach short finally worked out nicely. I think it’ll ultimately be much, much lower, but I’ve covered it for now.” (more…)
No Cigar
The bears put on a brave show yesterday trying to break down through support but the afternoon rally wiped away the losses, and SPX closed well above support at the daily middle band and the 50 DMA. Now, with 16 of the last 18 Tuesday having closed green, the bulls have their shot at breaking out of the current range. SPX daily chart:
Getaways
In spite of the late-day run-up, I had a pretty terrific day. Both my options and my equity accounts appreciated, and my equity portfolio beat the general indexes by 100 basis points, approximately (in other words, if the market is up 0.50%, I expect to be down 0.50%; but if it’s up 0.50% and I’m also up 0.50%, and I’m entirely short, I consider that a 100-point beat, which is really, really cool). It goes without saying that when the market was down earlier in the day, I was really up.
It’s not all sunshine and petunias, however. As I’ve stated before, my fear is biting me in the ass, and I’ve really got to let these positions blossom (or, in my case, rot). Here are a couple of put options I sold at a profit, only to see the profit become more………errr………profitable. (more…)
Follow Up on Rackspace
This is just one example of what’s happening to former momentum stocks (on which I did a post this weekend). Hopefully it is the shape of things to come for the market in general.
