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.
Before I begin, I’d like to ask those of you who are not subscribers to consider the BRONZE package, which is the newest, least expensive premium package here on Slope.
For a long time, I’ve had the sense that people wanted to contribute something to the blog for my fourteen years of effort, but fifty bucks a month was just too rich. And, beyond this “guilt fee”, they also wanted some premium services from the site that were more modest than the full-blown Plus (now called Gold) package.
This desire for a low-cost solution is largely what drove me to create multiple memberships in the first place (which we just launched).
Besides the warm and fuzzy feeling of knowing you are supporting the site, you get a lot of nice goodies with your membership, including:
- More than twice as much SlopeCharts history
- Live updating price bars
- Full-screen SlopeCharts
- Access to technical studies
- Earnings calendar for U.S. stocks
- Days-until-earnings feature in SlopeCharts
- Plus all the advertisements on Slope are gone
It’s $9.95 a month, which is less than you’d spend on a glass of wine…..and there’s no WAY you’d make that glass last for an entire month, let’s face it. So I hope you’ll consider joining. And if you’re feeling extra certain, you can sign up for an annual and get two months free, plus you can change your membership level at any time. Give it a try! (more…)
Ultimately, I think “Funding Secured” is going to be inducted into the pantheon of epicly embarrassing statements, sort of like “Mission Accomplished” or “New Coke“. Tesla is one of my 57 shorts, and is quite profitable. The company has come full circle since July 28th, having round-tripped the entire price. The poor souls who thought they were going to get an easy $420 by buying into TSLA had suffered a 25% loss in a mere three weeks’ time.
I have 57 different short positions, 52 of which are profitable at the moment and the other 5 with a miniscule loss. One of my shorts is SNAP, which is a company I’ve been pissing on, pointing at, and laughing at since they went public.
For those unacquainted with this company, they sell the disappearing dick-pic app (yeah, a real growth market there) and have clumsily tried to position themselves as “a camera company”. They have failed at basically everything they have tried, and my target price for them is $0.
I have maintained all along that if the young chap who founded this place hadn’t run off and gotten married, he might be a little less distracted. Here’s the chart, sporting a NEW LIFETIME LOW, which are my three favorite words in the English language.
As the so-called “precious” metals market approaches its EIGHTH YEAR OF A BEAR MARKET (I could just weep – – why can’t stocks enjoy such wholesale destruction?!?!?!?), the triple-bearish-on-miners instrument I pointed out repeatedly last week has got its booster rockets on and is roaring higher. I suspect gold, silver, and miners will simply continue to soil themselves.
I suggested Anheuser Busch weeks ago as a short, and it’s been terrific. I suspect much lower prices are coming. I’ve never had such much as a sip of this swill in my life, but I suspect its forthcoming fall is well-earned.
Welcome to a new trading month and the new Slope of Hope. I had an absolute ball during the entire 3-day “holiday” weekend, working on the site.
It’s good to wake up to a lot of red on the screen too. First of all, the “bond breakdown” I’ve been touting has made superb progress. One level broken, and one to go!