I have mentioned the sub-reddit Wall Street Bets (WSB) quite a few times here on Slope. For those of you unacquainted with it, it’s basically packed with degenerate gamblers, largely in their 20s, who get fixated on the stories from the sprinkling of extremely profitable options traders in there and, for their own accounts, lose most of their money. I went over there just now for an example, and it took me about three seconds to find one:(more…)
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.
Remember when Beyond Meat was the hottest stock on the planet? Those days seem behind us. I didn’t dare short it, because the borrow rate was like 300% (if you could find any shares at all). Even so, this is a pretty amazing erosion.
My supposition is that some people deal with solitude better than others. On a scale of 1 to 10, 10 being the most capable, I’m guessing I’m about an 8. Maybe even a 9. Just like Tom Hanks in “Castaway”, I could probably survive on an island by myself, although I’d probably wind up talking to a soccer ball, too, at some point.
This past week, I’ve been similarly situated, although unlike Tom Hanks’ character, I have at least had plenty of computers and plenty of work to keep my mind occupied. But there comes a point where I need to take a break from Slope improvements and tidying-up projects, so I ask myself: what’s a famous movie you’ve never gotten around to seeing?(more…)
Straddles & Strangles
Even as the general equity market surges to some of the highest prices in human history (thanks to Powell’s QE4 injection of nearly a trillion dollars annually), the Consumer Staples ETF (symbol XLP) isn’t playing along. I wanted to point out the break in its wedge pattern, which just took place.(more…)