I’m going to bed. But before doing so, I’m pleased to see the markets have finally – – for the moment, at least!! – – found some buyers! Here’s ES:(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.
Sand Hill Road winds its way from Palo Alto through Portola Valley and into the wealth-drenched foothills of Woodside. It is globally known as the Main Street for venture capitalists. For me, however, it has a different purpose: it’s the way I get my chicken food. Portola Feed is a pleasant 15 minute drive, and it only takes that long to really feel like I’m in the country again.(more…)
My last few posts have been a coronavirus COVID-19 series, so I’m putting in the links here so as to refer back to them easily for now. These are the four posts so far.(more…)
Last month, I think the two big “pop culture” markers that signaled a top were (1) Business Week featuring Wall Street Bets on its cover; (2) the absolute obsession with trading Virgin Galactic, which has no profits, no revenues, and no reason to be so incredibly popular. Appropriately, SPCE peaked at precisely the same day the ES did. It lost 70% in a month.
And verily God continues to smile upon Slope.
This morning, I took the very uncharacteristic tack of going bullish. I had trimmed puts. I had covered shorts. And, hold on to your hats, I bought call options in SPY, GDX, and XOP.
I also did a special post for my Gold and Diamond members laying out what I thought would take place in the coming weeks. Here is a redacted presentation, with a key word highlighted.(more…)
This is a crazy-hazardous market, with explosions and shocks happening every moment. All the same, I humbly offer one long idea, XOP, which seems smashed to smithereens.