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.
Allow me to share these truths, which I draw from Matthew 3:11……..
Thus he has spoken. Amen. And, as an example, here is what Intel is doing right now:
I just bought puts on the symbol AI. I don’t know what they do. I don’t know who they are. Or what their opportunities are, or what their prospects are in the future, or what their favorite footwear is. And I don’t care. My hunch is that this organization’s principal asset is a really cool ticker symbol, and I think that’s just plain stupid. And I’m willing to put money on the line based on that perception, and little else.
You would think that I’d be facing this day with a certain amount of dread. After all, the bulls are all high-fiving one another, and public has fallen head-over-heels over anything to do with AI (since the whole crypto thing didn’t work out), and the /NQ futures are up hundreds of points. And, of course, the Queen of it all, Nvidia, is tapping on $400 and an immediate lifetime high at the opening bell.
Another diamond pattern produces good results:
