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.
Greetings from the Centurion Lounge at San Francisco International Airport, where my beloved son and I are preparing to fly off to, yes, another fencing tournament. This place is good for my frail ego, since my kids have been dropping some broad hints about me putting on a few pounds, and seeing the spheres that inhabit this place makes me feel less pudgy. I guess the upper middle class traveling sort likes to chow down. But this little anecdote isn’t why you’re here. Let’s talk about a few charts.
I am, as you might guess, still utterly short. I have 43 positions, 40 of which are individual equities (largely in energy) and 3 simple ETFs. The ES has been banging around, going nowhere in particular, for two solid months now. The lines cleanly define the diminishing range, and gee willikers, I’d love to see us break the lower boundary. I’m traveling, so that can only help, at least for Friday.
Well, since Gene Scott was such a hit here on Slope (ahem…….) I managed to find a rusty old copy of the song he would always play to make people call in and give him money. He made no secret of it. On this very clip, he refers to viewers as being like “Pavlov’s dog” who would remit their cash upon any hearing of “I Wanna Know.”
I’ll just toss out this chart, then I’ll say something unrelated….
A few trading days ago, I suggested shorting Diana Shipping. It went great, but I covered way too soon. It simply keeps falling (I’ve marked my “short” point with an arrow). Another victory for Slope!
I mentioned this before, but one of my readers got bent out of shape than I dared show a picture of Lady Diana, but, meh, you get a boring line chart this time.