Good heavens. Look at this piece of crap (symbol PTIN). It is down literally 99.9%, and no, it isn’t a triple-leveraged ETF. It’s a real company called Palatin.
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.
Perfect Touch
The SPY ETF hit its supporting trendline to the pixel and immediately reversed (the QQQ has already broken the same trendline). If we break this line tomorrow, it’s party time. Otherwise, the bounce continues. I’ve extracted a bunch of cash out of my account and shoved it into the pockets of my khaki shorts. That explains the bulge.
Tim Trims
For newer readers, please note that whenever I close a position, it typically continues in a direction that would have been good for me about 100% of the time. So ignore everything I’m about to say.
- I believe we have plenty more downside this year;
- At the same time, the profits I’ve accrued from August 17 to present have been embarrassing;
- Just now, I trimmed from 37 positions down to a mere 30;
- Every single position of the 37 was profitable, some in triple-digits;
- I am at 17% cash right now;
- The reaction to tomorrow’s job report will be telling;
- I like cheese.
OKTA Keeps Failing Forward
When the Bough Breaks
I have 37 positions, and all of them are crazy-profitable. I just said out loud to myself, “Get rid of some of these, at least three…….” and I went through all 37. I’m sorry. There isn’t a single one that doesn’t look like a “hold”. So I remain 100% invested and shorter than short can be. I will simply say that, yes, as the arrows show, there have been bounces during the unraveling of the idiotic two-month rally, but they’ve been increasingly short-lived. The next crucial thing to break is that trendline point I’ve circled. Break that, and “turgid” becomes “pleasingly painful.”
