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.
As SNAP approaches its opening trades, which are rumored to be WAY above the offering price, I’d like to mention another “fad” stock which is my second-best performer in my portfolio: 3-D Systems, oft-mentioned here on SOH. I intend to hang on to this one, as I believe much, much lower prices are ahead. Sort of like – I dunno – companies like SNAP in a few weeks.
I rarely do posts about being “done” with a trade, but I did so yesterday for Slope Plus subscribers, early in the morning, with respect to gold and miners. The 50% gain on DUST in three weeks was a great winner, and the Fibonacci retracement on GDX looked like support.
As I looked at the charts later in the day, I did feel that miners might be largely complete with their down-move, but I was having second thoughts about gold. It still seemed like it had a decent prospect of falling. This morning, that thought seems to be borne out, as we’re down nearly $12. The key to watch, however, is the $1235 (approximately) level. That would be a fairly important trendline break.
