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.
Kicked in the Spectacles
To great fanfare, Snap, Inc. went public a little over a year ago, and in spite of the excitement over the IPO, the company has delivered a return of about negative 50% to those embraced the offering. Since then, the company has struggled to distinguish itself and get its stock hot again, but nothing has really worked so far.
The company introduced a line of sunglasses with the terribly inventive name “Spectacles“, but it was a bomb, and hundreds of thousands of them wound up unsold, probably left to rot in a public dump somewhere. Undaunted, the company has launched its follow-up product, not terribly inventively named “Spectacles 2.” Like its predecessor, it’s basically a way to film people in front of you with built-in cameras:
Ship Happens
One bright spot for me is Royal Caribbean Cruise Line (RCL), wihch is sporting a very substantial bearish engulfing pattern, after an early pop higher this morning.
Chin Ready
This is one of those mornings where I’ve mentally prepared myself to take it on the chin. It’s not that the market is up huge – – as of this moment, the S&P futures are up one-third of a single percentage point. It’s just that a few of my shorts – AMD, FB, AAP – have some big post-earnings risings, so I’ll almost certainly see those stopped out. Strong as the NQ rally is (up almost a percentage point), the trend (so far) remains down.
