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.

Metadeath

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As you’re surely aware by now, the most widely-followed earnings report after the close on Wednesday was Facebook (umm, Meta), and they’re getting destroyed after hours. I first gained awareness of “The Facebook” years before most people, since their first real office was literally one block from my own in Palo Alto. Many times I would see Zuck walking around the streets, talking to employees one-on-one or, occasionally, jogging. I even remember their chalkboard sign propped up on the sidewalk encouraging applicants to come in to get a job at TheFacebook.com. Little did any of us know that it would (briefly) be a trillion dollar company. Here are some thoughts I have on the matter………..

Seven Years: Gone

The stock has already had a wretched year before today, but they’re getting torched by another 20% after hours (and what idiot jumped in immediately after the close and paid $142 for this thing, hoping to get in cheaply?)

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Now and Then

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Last night, I was publicly chastising myself for not having the guts to stick with my Servicenow (NOW) puts. As I’m watching this thing roar about $40 higher, post earnings, I’m not feeling bad at all! On the contrary, I am salivating at the thought of getting into these suckers TOMORROW at a great price, because now the chart looks totally sweet!

That 9/13 Gap

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Since we haven’t had a single downtick since October 14th, I wanted to show that there is still one flickering ember of hope for any bears out there, which is the September 12/13 gap that appears on a variety of important ETFs. Below are my three favorites, and in each case, the red horizontal line is anchored to the aforementioned price gap. As always, click on a chart to see a screen-filling version.


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