Just as a historical marker, I present to you the animated Price Cone for GME for the past 60 days. We actually had to modify the program to accommodate the data, because the implied prices went literally negative.
For the Lulz
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.
Seven Key Charts
What was going to happen on Monday? Would the hedge funds all dump their longs to cover their losses? Surely the market would crash, right? Uh-huh. The only red seen was for a couple of hours after the open on Sunday, and then it was green, green, green. But let’s look at seven important index charts to get some broader contest.
The Dow Jones Composite has quite plainly broken its uptrend. Monday’s rally is immaterial. There’s been a change.
The Great Unwind
So, let’s do a little Contrarianism 101, shall we: if you invested $53,000 into something super-high-risk………..and it goes to $50 million…………and then, in the span of a week, you go from a relative unknown to a person who is literally on the front page of the New York Times business section and whom Saturday Night Live is featuring in parodies………….you should have already gotten out.
Anyway, /deepfuckingvalue is going to be just fine, I’m sure, but I seriously doubt the cultish hoard aping his behavior (about a year too late) is going to make out quite the same………..
Bid/Ask Blowout
When I heard all the chatter about a “silver squeeze”, I augmented my bullion collection with more bars like the ones shown below. What’s kind of nice is that Friday’s price is what they use, chatter or no chatter. The spread between the “buy” and “sell” price was about 4% yesterday when I bought the bars. The very next day, from the very same place, the spread is 15%. But it doesn’t matter anyway, because they have absolutely no inventory.
Away from the Riff-Raff
Let’s set aside garbage, dying businesses like GameStop and AMC and look at five stocks that look to have superb long-term prospects:
