Virgin Galactic (SPCE) is one of countless SPAC wrecks that have destroyed the accounts of commoners while enriching the billionaires like Chamath Pdyasdkjfkasdjioteu. Kindly note where he dumped his holdings.
Good Timing, Chamath!
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.
How Long? How Deep?
A Modest Proposal
On Thursday night last week I posted a public model trade on my twitter taking a short on ES at 4561.75 looking for the 4350 area. That trade was in thirds, I posted all entries and exits in real time on twitter, and I took the last two thirds at 4399 yesterday for an average gain of 142.5 handles per third. It was a nice trade, and I picked the high area using the SPX 5min chart below on an impressively sweet setup shown below. This move was only a part of the overall scenario here however.
SPX 5min chart (from 14th Sept):
Cocktails to Go
Going for Broke
I’ve never traded Upstart (UPST) before, but I bought puts on it today, based on its very clean head and shoulders pattern.
