On January 1st, I gave my Slope Plus members (who, I assure you, are the reason that Slope is here to stay) a post that I figured would let me off the hook for the rest of the year. As I wrote in the post,
” I am terrifically excited about 2016, and if even some of these symbols produce the kinds of price drops I am anticipating, it should make this one post worth an entire year’s worth of Slope Plus subscription fees.”
Even though we aren’t even four full trading days into the year, I thought I’d check on the list to see how it’s doing. Here are the stats:
- 119 of the 125 short ideas are profitable
- The average gain out of all 125 is, as of this moment, +6.56%
- The S&P 500, as of this moment, is down -3.35%, meaning that that my short ideas are about twice as profitable as the S&P 500 would imply.
- The worst loss is symbol FIVE, which is up about 4.6% (meaning a short position would be down that much)
- The best gain is symbol MOD, which is down over 19% (meaning, again, that it’s up over 19% for short-sellers).
- Indeed, a couple dozen of the selections have appreciated double-digit percentages in just the handful of days we’ve had this year.
- Thus, all in all, I’d say the list has done pretty damned well.
For those of you on the fence about Slope Plus, I encourage you to read this post from a member from a couple of days ago. If you’re waiting for a coupon, don’t bother. I’m still charging far less for the service than I should, and I don’t intend to be trotting out coupons in the foreseeable future.
As for you Slope Plus folks, thank you, and congratulations. For everyone else, here’s a link to learn more about the service. I hope to see you there.
