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.

Day Trader?

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In the Sudden Slope Sentiment Shift post from late last week, I stated that of the cancellations I had received on April 9th (which seemed to be some kind of “Max Pain” point for people), all but one stated their reason as something along the lines of, “It’s not you, it’s me.”

There was one exception, however, and he stated, in its entirety, the following:

150% short get’s us all excited only to find out that night on Closing trade you covered…you\’re a day trader who shows longterm charts…should have waited until the price hits 50day to short….killed me

I thought this merited a response, because I must strongly disagree with the characterization of myself as a “day trader.”

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CDC Extends No Sail Order for Cruise Ships

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For those that are not aware, the Big 3, Carnival, Royal Caribbean and Norwegian had already suspended sailing into May 11th. The CDC had an entire month going forward from last Friday, to work behind the scenes with the cruise lines and no one at risk. This would have allowed the cruise lines to work directly with the CDC, prepare their needed readiness plans and look for a date going forward as to when the ships can sail once again.

As I shared previously, the cruise lines work on a 90 day cycle of cash. By May 11th that would have been about 60 days, but now it is out to 130 days –or approximately July 20th. One of the comments on Slope was, ‘Well cruise lines hire mostly foreigners.’

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