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.
This is an eye-opening look at Nvidia’s (NVDA) finances. They report Wednesday after the close.
I had no idea it was this gargantuan a distribution. Just amazing.
If I may indulge in a bit of escapist fantasy (and I’ve probably made it quite clear this so-called market is something I’d quite like to escape, or at least exchange for a real one). Here’s my dream scenario:
- This ridiculous political theatre leads to some kind of bargain;
- The market, trained like a mass of imbeciles to rally on what is touted as good news, does so;
- The /RTY pushes its way back up to 1827 or thereabouts, which is a major point of resistance;
- I get the opportunity to load up on puts again at good prices;
- The market realizes it’s been had (again) and starts selling off for weeks
As Nvidia approaches $800 billion in “value” and a P/E of 200, I wanted to share with you a simple fact of classic pattern analysis: the target price for this extraordinarily well-formed inverted H&S pattern was $300. We have met (and exceeded) this level, which I’ve tinted in green, and we’re now just a few percentage points below the lifetime high achieved in November 2021 during the peak of post-Covid mania.(more…)