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.
Financials are a peculiar sector, because one didn’t have to nail the March 2009 bottom in order to get a bargain. Indeed, one could have waited about two and a half years – – until October 2011 – – to get incredibly cheap prices. Since then, though, they’ve been marching ever-higher, just like everything else.
However, I noticed an interesting break in the FAS trendline (FAS being the triple-bullish leveraged ETF for financial stocks). Regardez, s’il-vous-plaît………
When HerbaLife was back in the 80s, I was dying to short it, but there wasn’t a share to be had, so I forgot the idea. I glanced at HLF today and see that it has steadily and quietly lost about 50% of its value. I personally want Ackman to win this one against
Emperor Palpatine Icahn, even though I have no position. Plus, intuitively, the company strikes me as slimy.
Here’s today’s swing-trading watch-list:
Long Meritor (MTOR)