As I’m typing this (Monday evening), I have 78 short positions and just 2 longs (GDX and GLD). I am certainly not positioned for any kind of bounce. However, a bounce is precisely what “should” happen, since the measured moves have either been fulfilled or have come awfully close to doing so.
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.
If you want to see the kind of devastation that is taking place in commodity companies, look no further than Peabody Energy (a coal outfit), which has fallen from the thousands down to the price of a venti latte at Starbucks. Just mind-boggling………
Well, here’s another fine example of a stock I’ve snarked about repeatedly and went far, far further than I dared imagine. I first wrote about The Container Store back in 2014 in which I stated, in part, “I think it’s going to be looked back on as the Polaroid stock of 2014 (translation: eventually collapse to $0)”
The stock had already fallen from $47 to $22 when I wrote that. Witness now how close to my prophecy it has already traveled:
Here’s today’s swing-trading watch-list:
Long Best Buy (BBY)