I am relieved to say I was not among them…………lifetime high with a P/E of 44…….
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.
Leveraged Energy Bears
Most of you already know of my fondness for energy shorts. Here are a couple of leveraged bearish funds (thus, longs) that got beat up badly lately which I believe are ready to reverse into new highs for the year (Allah willing). Here’s the one I’m presently long:
Swing Trade TER GPRE SPR
Slope vs. Wall Street
Just for a bit of perspective…………
“Short Now And Profit“ – a sneering takedown of SNAP’s IPO, stating, and I quote, “everything – – everything!! – – about this company screams “ridiculous overvalued bubble”, including, but not limited to, Evan Spiegel’s smug little cleft-chinned face on every magazine cover” and I conclude “Next stop: the teens.”
“Snap, Crackle, and Proof” – a much kinder, gentler examination of the Snap organization, about which I speculate “probably owns the world’s largest collection of child pornography”
Highly-paid Wall Street analysts, however, had a different take on this, umm, “investment”, as expressed by their buy/sell/hold recommendations on SNAP:
So, yeah – – 30 of them with a “Buy” or “Hold” and 4………count ’em, 4………with a “Sell”.
Let’s see at the close of trading today whose opinion was right.
