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.
Leaving Penn Station
Here’s Penn Entertainment (PENN) featuring the sparkling and zesty Dave Portnoy. This dog has destroyed about 90% of shareholder value since it peaked three years ago. I’m sure there’s more to come!
I Missed This One
Shame on me. Starbucks (SBUX) was an amazing setup. Added to which, I think their product is swill, and out of the past 1,000 coffee beverages I have purchased, MAYBE one of them was from this McDonald’s of coffee vendors. It’s just a bunch of fat and sugar-based beverages for Americans to guzzle down in a desperate attempt to feel happy for a moment or two, only to make themselves even fatter than they were before they lumbered inside.
CVS is Sick
One would figure the nation’s biggest pharmacy would be a safe, conservative investment. Nope. CVS has lost about HALF its value in just two years. From a charting perspective, it’s been behaving beautifully, because its breakout/support (blue line) turned into resistance (see red arrow), and now we’ve taken a hard fall to very long-term support (green trendline).
Chart-Friendly Zone
As stupid as I think crypto is (except inasmuch as it services the gambling addictions of a certain subset of humans), I do delight in the fact that it is the most chart-friendly market in the world. Why? Because it’s a REAL MARKET. Thus, I was able to declare clearly what a support failure would do. Thus, when support failed, it worked precisely AS GOD INTENDED.
