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.
The big earnings event on Thursday afternoon was Netflix, and although it had a brief heart attack (in red, below) generally speaking the stock was heading lower, which is precisely what I guessed based on no particular reason.
And there it is: we’ve sealed the gap. The bulls have been blasted. Let’s see if we can do more!
GPRO is truly absurd. Who even trades this kind of thing? It has done nothing but go down for years, and although I’m sure the insiders dumped all their holders at the peak, the hapless retail saps need to face up to the fact that this company is as hot as a manufacturer of 8-track tapes. Just give up.
Super Micro (SMCI) makes rack servers. Boring, right? Well, not if they got the privilege of riding the silly AI fad, which they did to great effect. Clearly, the bloom is off this rose, because in just a month’s time, a full ONE THIRD of the market cap has been laid waste. I’d say there’s plenty more downside to this overvalued fad-beneficiary.
Last night was quite a ride, wasn’t it? In the span of a few hours, we went from markets collapsing to markets being virtually neutral. Here we have the S&P 500 futures below. It looks very dramatic, but as I am typing these words, the /ES is down 0.02%!
