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.
A Lazy Question
I’d like some advice, and shame on me for not just researching this, but I figured I’d ask you good people instead.
Let’s just say a person owned a large quantity of a stock like, oh, let’s say, Tesla. Let’s further say that this person wanted to maintain their long position for the long haul and also wanted to make extra income from it.
I realize that selling covered calls is one approach, but my (very limited) understanding of this suggests that, should the stock do well, the seller of the covered calls might find themselves selling off the stock anyway, which kind of defeats the purpose.
Any more clever approaches to this? Or does one simply hold on to the long and pray?
When To Sell Nvidia
Bounced Off the Rim
Earlier today, I suggested that Tesla was about to reverse lower. I totally nailed this prediction, except for the direction. Instead, the TSLA short squeeze continues apace, making me wonder if Atilla still has his entire portfolio short the stock. I actually think it’s pretty nice that this thing is defying gravity, since a certain someone I know is profiting handsomely from this nutty rise, now in its 9th consecutive day.
Break Nvidia
See the dashed purple line? Break it, and the entire tone of the market will change. Everyone knows the market is insanely overvalued. They’re just accustomed to it becoming even more overvalued, so it’s a multi-trillion dollar game of musical chairs. My bet is that the music is about to stop.
