Here’s today’s swing-trading watch-list:
Long Bed Bath & Beyond (BBBY)
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.
Not That YOU Need to Know
From this morning’s paper……….
Angie’s Lost
Earlier this year, I found out a good friend of mine had a ton of Angie’s List stock (a seriously large amount). I normally refrain from giving advice to anyone one-on-one, even friends, but I urged him to get rid of it. He reminded me of this last night, when he sent me this snippet of one of my emails I sent him last February, (obscenity politely redacted):
I actually have thought Angie’s List was a bullshit company. I wrote a scathing post about them in December. I think they’re going to be a single digit stock, perhaps even before the year is out.
Well, the market hasn’t opened yet, but I’ve marked with an arrow where the bid/ask currently is:
The same friend wrote me this morning to shared with me this information from ANGI’s earnings release, which, ummm, kind of explains the problem:
– Marketing cost per paid membership acquisition: $90
– First Year Renewal Rate: 74%
– Cost of a FULL-YEAR membership: $6.99
Semiconductor Sector’s Excitement Continues
Dialing back to January of 2013, I am looking for clues about the coming phase for the economy, mostly as an input into whether or not I can think about turning bullish on gold again (here we remind you again of gold’s best investment case, which is counter not pro cyclical).
The answer, from a contact in the Semiconductor sector (AMAT, LRCX, MKSI, etc.) food chain was that the Semi equipment companies, which we called “canaries on the [economic] coal mine”, were ramping up and thus NFTRH’s view became bullish for the economy, at least short-term. (more…)
Interest Rate Break
Here on Slope, we’ve been watching $TNX and TLT for quite some time, waiting for a definitive move. Interest rates have been inching down lately, and if it breaks that horizontal, I think we can finally rest assured that rates are going to be firmly moving lower for a while.
