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.
Hot Dog!
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.
Mistake Goes Mega
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.
Diary of a Wimpy Kid
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.
Netflix: The Longer Ranger (by Xerxes)
In mid-August, about two days before the ultimate peak, I had noted that many of the previous market leaders all had approached important long term resistance levels. Those market leaders were noted as AAPL, AMZN, MSFT, TSLA, GOOG, META, and NFLX. Since that day, many of these came to be wonderful shorts (had I been able to short) except for NFLX:
Global Energy
