Just an update on two of Slope’s favorite stocks-we-hate, which I’ve pissed on since each of them went public. First there’s SNAP run by Evan “I still have $1.6 billion and Miranda Kerr, so screw the shareholders and their 80% loss” Spiegel………
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.
Smear the Beer
Another victory for SlopeCharts and technical analysis. I recommended BUD as a short on September 4th. It has lost almost a quarter of its value in a span of weeks.
Bruno Update
I wanted to interrupt your market day with a brief update on Bruno, whom is well known to old timers here. He has been silent for weeks, and I’ve been trying to figure out if he’s OK or not. During my early morning dog walk, I called his number (I steadfastly avoid intruding on personal lives, so I had not done this until now). After many rings, his girlfriend answered, and we spoke for a while.
The good news is that he’s still with us. The bad news is that he’s in pretty serious shape. He’s on a ventilator in the hospital. He’s able to communicate, so I asked her to tell him that we’ve been thinking about him and worrying about him. She was very moved by this, and I’m sure the collective sentiments of those here will cheer his spirits. I just wanted you to know.
You’ll Remember You Belong To Me
I sit here alone on a quiet evening, well aware of how the ES and NQ are getting pounded. I have no idea what they will be when I wake up tomorrow, although I can only imagine they will remain deeply red.
Only a month ago, I would have surrendered my left nut to be looking at numbers like these. As it is now, I have some misgivings about it. Not that I’m long – – I’m not stupid enough to actually buy into a market that I am fully convinced has just begun a multi-year slog into hellfire – – but I did cover the majority of my shorts.
I still have exposure, yes, and that is across 39 well-chosen positions using 125% of my buying power. However, on a night like this, I cannot help but wonder how much I’m going to regret not waking up with 90 short positions, as I did Thursday morning. (more…)
Will Chart for Booze
In Mountain View, just off the Shoreline exit and the Google campus, is a dive bar called the Sports Page. Now if you know anything about me, you understand that, first, I have absolutely no interest in sports, and second, I’m not the kind of hang out in dive bars. However, it just so happens that Sports Page is across the street from the Tesla Supercharger, so I like to hang out a bit in the bar with my crappy Dell laptop while my Model S is charging. A Blue Moon and some charts is a nice way to pass the time.
