A clean break of a long-term trendline and a large, multi-year topping pattern add up to what I think is a very good short position (plus, I am long puts).
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.
With the news that Uber is now valued at $18 billion, it got me thinking about the taxicab market. I think, over time, Uber is going to do some serious damage to the wonderful world of yellow cabs. As some of you already know, the prices for the medallions that permit taxis to be used in the first place have absolutely skyrocketed: