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.
……..your day is going, you’ve got nothing on this guy. He took a loan from American Express, bought a buttload of weekly Amazon call options, took a complete beating, and then took what was left to buy more Amazon calls. Setting aside the insanity of this on the surface, Amazon, I believe, is going to get hammered, so he’s probably looking at a total loss before this is all over.
The latest hotly-anticipated IPO was electric bike maker Peloton. Before the offering, the CEO bragged on CNBC how they were offering the stock cheaply, and he deliberately was leaving room for investors to make a profit, even on the first day:
And contrarianism wins again.
Not even two weeks ago, everything was breathless about this news:
I had an interesting psychological experience I thought I’d share on this cool Thursday evening, as I sit in the night air.
I run a tiny hedge fund which, not surprisingly, focuses on short-selling. In spite of the market running up to lifetime highs this quarter (indeed, just days ago), I had booked a respectable profit, and I was satisfied with my results. And then………..I got scared.
(more…)
