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.
A while ago, we introduced our Statistics data panel. An important part of that panel was the Advances/Declines data, but we had to get rid of it because the data vendor stopped providing it. Undaunted, we decided to create the data ourselves! So I’m delighted to let you know the Statistics data panel is back, and frankly I think the data is better than ever (since we created it this time).
The Slope of Hope system calculates each day the number of stocks that increased in value, the number that decreased in value, what the sum total of those values is, and what the “running” total is back to the beginning of its calculation, many years ago.
Gabriel Grego of Quintessential Capital presented his short thesis for music streaming company Akazoo SA (NASDAQ:SONG) at ValueWalk’s Contrarian Investor Virtual Conference today. He said the company looks like an accounting scheme because its users, subscribers, revenue and profit may be “profoundly overstated.”
He argues that the company is a fraction of its claimed size and that it’s losing money. He found that the service is available in only a handful of countries and is rarely used. He also suspects round-tripping between Akazoo and foreign shell companies and found that its infrastructure is collapsing with offices closing and employees leaving “in droves.”
Since we are heading into the thick of earnings season, I think this is quite germane: I have been delighted at how many Slopers have subscribed to the Trade Machine Pro product. I got word from my friend Ophir, its founder, that they did a big upgrade, so I wanted to share this: there are three substantial upgrades to Trade Machine.
1. We have a new model built specially for bear markets, “Buy the Sell-off,” and it is remarkably powerful. Here’s a quick look:
Whenever I need a lift, I go to an unusual place, and a clip I’ve shown once or twice in Slope’s long history: the 1996 men’s national figure skating championship of 1996.
Local boy Rudy Galindo was the last to perform, and he had no shortage of pain and heartache in his life. In spite of the tension and risk, he performed brilliantly, and I cannot help get choked up every time I watch this. He radiates pure joy and the most pristine expression of years of practice transformed into a dazzling display of skill. Simply marvelous.
Allow me to share a couple of charts that have almost nothing to do with one another, but strike me as similar in a strange way. The first one is the volatility index, the VIX. I have split this into two zones. One is in green, below roughly the 35 level, which is where virtually all the activity has been for many, many years.