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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.
Zero Floor
I often point out, for stocks, that are descending, that it’s easy for the brain to look at a chart, see the price at the bottom of the chart, and figure it can’t go lower. When we see a person standing on the sidewalk, we don’t assume they’re going to sink into it. Likewise, a price should stand firm at the bottom of a chart. Right?
An easy way around this delusion is by way of SlopeCharts‘ ability to be stretched. Looking at Lucid (LCID), we can see the stock is making lifetime lows every single day, and there’s nothing standing between here and $0 except the Almighty.
Die in Space Instead!
When the incredibly-rich quintet of people decided it would be a great idea to gawk at the gravesite of nearly 2,000 souls miles beneath the surface of the Atlantic Ocean (only to add five causalities’ to the roster), I tweeted that it was exactly this kind of disaster that would suppress space tourism. Some folks pounced on me, pointing out the differences between submersibles and spacecraft. I countered that submarines, in one form or another, have been used (even in warfare) for about three hundred years.
In any case, Virgin Galactic enjoyed a tremendous rally in recent weeks, only to have seen most of it unwind in a couple of days. I realize a part of this is the fact the company decided to take advantage of the idiotic prices and sell hundreds of millions in new “investment” stock, but all the same, I’d like to think that the five people suddenly crushed to death in a few milliseconds may have had something to do with it, even if the form of exotic tourism was in a different medium (water as opposed to the vacuum of the cosmos).
Yuh-Huh
In my prior post, of that /RTY futures, I wrote, “ it seems likely to me that the small caps will find major support here and, sadly, bounce higher.” Well……….
String’em Up Quartet
Good morning ,everyone (and this time, I didn’t have to put the word good in quotes). We’ve got a nice solid red morning, and I’m delighted to report that we’ve had a solid week of bleed-out across the board. It all makes sense, considering the white-hot fever of bear-abuse going on beforehand.
