
Toil and Trouble

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.

As well-run a business as Costco is, I only care about the chart. And the chart, to me, is a screaming, jumping-up-and-down short. It’s one of the most beautiful short setups on my screen these days.

I’ve spilled many barrels of digital ink whining about the fact I fled my huge IYR put position in mid-August at just about the most terrible time to do so. I obsessively watch the Could Have Been figure, and now my puts, which I dumped at $3.10, are 19.25 x 19.45, and they’ve still got 22 days left on them. I’ll remember this one on my deathbed, people. What a genius chart, and what a colossal fumble.

Good morning, everyone. Not to dwell on my personal habits, but while I normally am up and about by 5 a.m., and sometimes much earlier, today for some reason I got up at 6:10 a.m., which is Shameless Bum level for me. As such, I’m going to keep this post very brief.
In the face of yesterday’s vicious rally, I did wimp out to some degree, easing back from 34 to 28 positions. I will note, however, I noticed some of you did a full 180 degree flip, dumping all shorts and going completely long. So at least I’ve got that going for me, as Carl from Caddyshack might say, because a large portion of yesterday’s rally has been blown to smithereens.
