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.
In a quest for “the next TSLA”, traders have been chasing anything which has to do with electric transportation. The darling for months has been Nikola (get it?) which, as you can see in the Super Summary Page, is sporting a P/E of nearly 1,000. I’m thinking we’ve got a top:
I was reading a very interesting article yesterday on the progress of COVID-19 and it was interesting not so much because of what was said, as for the decent quality numbers that it was quoting on COVID-19 exposures in the US population, and the fatality rate from the now decently sized statistical sample of exposed population and consequent deaths. In summary about 5% to 8% of the US population has now been exposed and are showing antibodies, and the death rate so far, subject to some likely attribution of deaths to other causes, is coming through at between 0.49% to 0.78% of those exposed. If you’d like to see the source article you can see that here.
If you haven’t seen it before I’ll be referring back to my 20th March post ‘A Short History Of Superflu Pandemics‘ and so I’m linking back to that for reference.
(more…)Blind Squirrel, a well-known Sloper, drew my attention to a study suggesting that there was about a one-month spread between the percentage of stocks being above their 50-day moving average indicator (a figure we have in SlopeCharts) and a major NASDAQ reversal. I took a look, and sure enough, it looked that way.
Note from Tim: as a reminder, I put together a spreadsheet of Palo Alto firms that got over $150,000 in PPP loans. Check it out here. If you don’t have an AirTable account, it’ll ask you to sign up for free.
I had noted a few months ago that many of these firms getting the PPP loans were not ‘in the spirit’ of the program.
Without any real ‘oversight’ the compliance part of these loans seems – – – questionable — on some. I am not sure how it all really works, but the American public likely believes these funds should have gone to the ‘small business’, with waiters, waitresses, or bartenders who obviously couldn’t work. This was the spirit of the PPP program.
And, there are others – the people at the gyms and yoga studios. At the nail salon and corner barber shops. There are many, many businesses, and it seems everyone has a hardship story.
(more…)A couple of days ago we announced the Slope Super Stock Summary page, and it was very well-received. We have polished the page up a bit. For one thing, a Sloper asked for us to compute the “days to cover“, so that is now included:
