Goodness, what a wipeout. There was a whole slew of companies based on the business model of Giving Your Electric Car a Place to Charge. Brilliant, fellas. Anyway, this stock has gone from $1,565 a quarter century ago to THREE BUCKS. This zoomed-in chart just shows the recent activity.
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.
We can add General Motors (GM) to the long, long, long list of put positions I wish I had just kept. American cars have been lousy since the mid-1950s, and the fact that GM was a super-hot stock a year or so ago is a hysterical joke. In any event, this thing is falling to piece, and I wouldn’t be surprised to see lifetime lows in the next year and, ultimately, bankruptcy. Honest!
No one likes Spirit Airlines. Yes, they’re cheap, but they charge extra for EVERYTHING. Want to bring that backpack on board? That’s another $25, pal! It’s kind of a running joke. In any event, it seems that having a dreadful reputation eventually will catch up with an organization.
Back on August 25th, I suggested going long (yes, LONG – – I do bullish ideas too, ya know) Consolidated Water. I’d say this trade worked out splendidly, with the stock up almost 40% in just a couple of months.