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.

Short a Has-Been

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A few days ago, I added Blackberry to my very, very long list of short positions. I don’t know if I’ve ever traded this once-famous stock in my entire life, but the pattern was compelling.


What’s different about this trade is that I typically prefer to short stocks which are insanely high. Those that have already been beaten to smithereens have a lot less potential to be, ummm, beaten to smithereens. All the same, in spite of Blackberry’s humiliating fall from grace, this seems like a company whose stock price is fairly valued at a whole integer that rhymes with “hero”, so I’m going to give this a shot. So far, so good…….


Rubber Bands

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Well that was an impressive trend down day yesterday and a lot of technical damage down. I am now officially impressed, and while I had been thinking we might put in the retest high just before the holiday weekend, Greece has pulled that forward a few days and in all likelihood both the 2015 high and the retest are now in the review mirror. This would be a good time to pull together a few reference posts to show where I think we are here.

The first post is from Monday 2nd February where I confirmed that the January close on SPX met the criteria for some very bearish long term stats suggesting very strongly that the best case for SPX in 2015 would be a flat close, and the worst case a large decline. You can see that post here.