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.

Pant/Pant/Pant

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I am very rarely pleased with my own trading. Today, however, was the very rare exception that I would give myself an “A-“ for the day as a whole. A few observations and remarks about this tumultuous FIRST day of an insane week:

  • My premium post anticipating a huge bounce was spot-on;

  • My insane premium post about buying Tesla (yep, Tesla!) preceded a 80 point ramp;

  • And my decision to gobble up a ridiculous amount of IWM Friday calls threw off a 75% profit so far

So, for once, I’m not beating myself up about the countless things I did wrong. Monday was absolutely terrific. I hope it’s the start of a trend that lasts longer than a few hours.

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The Essence of Arrogance

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Below is the founder of Palantir, which was created here in Palo Alto and actually took over Prophet’s old offices downtown. The chap shown is founder Alex Karp. Take a good look at his clothes, his visage, and his general demeanor. Every molecule seems to reek of arrogance. As a side note, the hapless rubes who bought into his PLTR stock are looking at 75% losses so far, with plenty more on the way, I suspect. Something about pride before the fall.

PLTR

Robinhood Leads the Way

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Quite a morning so far, right? My ceaseless declarations about crude oil are finally panning out marvelously. And as we look around, all the companies that should have NEVER gone public in the first place and on their way to zero. Like, oh, say, Robinhood……….

slopechart HOOD

What do equity markets and Kim Kardashian have in common right now? They’re both trying to hammer out a meaningful bottom.