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.
One of the hottest and most anticipated IPOs of the past few years was $0 commission broker Robinhood (HOOD), which surely must have the most cruelly cynical name in corporate history. Let’s just say their outing as a publicly-tradeable financial instrument has been less than stellar.
Remember back in 1989 when everyone assumed Japan was going to absolutely take over the world? Good times, good times. Well, they’ve spend the past THIRD OF A CENTURY mired in a pathetic government-run fraud, hurling quadrillions (yes, quadrillions) of Yen in an desperate effort to sustain the illusion of prosperity for their stagnant old-age colony. If you want to see how bad things are, look no further than the US dollar versus the Yen. If a worthless piece of crap like a United States piece of paper is performing this well, you KNOW this must be absolutely wretched for the other side.
This is a great example of how emotions can screw up a perfectly good trade. I’ve written about Lovesac (symbol LOVE) many times, including this post from two months ago, when it was 50% higher than it is right now. I had October puts on this thing, but a few days ago, I scurried out of them for NO reason except that my confidence is approximately 0.00 right now, and I was scared of what this morning’s earnings report would do to it.
Well, what it DID was kick the stock in the ass and send it down hard, making a good pattern even better. So my erstwhile October puts are doing fantastic, thank you very much. I hope some of you out there held on to your LOVE short and didn’t wimp out like me. Pathetic. Just pathetic.
I fell out of love with this market in a big, big hurry. I have been spending half my time castigating myself for not dumping everything on May 20th, and the other half grinding my teeth at the sort of thing that happened yesterday (e.g. big tease, and then spent the rest of day the soaring).
Having been thus burned, I didn’t even consider any trading at all for the first half hour. Good thing, too. The same sort of crap is going on. Huge bids out of the blue for absolutely no reason.
