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.
DraftKings (DKNG) has been very good to me, and I got back into it again yesterday by way of November 2024 $39 puts. Those puts have already crossed into double-digit percentage profits, and my intent is to hang on to these suckers until we close that price gap way, way down……….
Tesla has enjoyed ten “up” days in a row, which is extraordinarily rare. It has achieved many breakthroughs on the chart, but seriously, I think it has to have some time to digest these gains and backpedal some. This is just too high, too fast. I think there’s about $47 of risk here.
I have a special place of contempt for International Business Machines based on my experience with them in 2005. See, I had just sold my company, Prophet.net, and the acquiring organization decided it would be a great idea to spend $3 million to IBM’s consulting group to – – – I dunno – – sort of be our adult supervision. Suffice it to say that, at the end, they produced a huge binder filled with crap that no one read, and I daresay 99% of IBM’s consulting has problem been similar for other organizations that have been duped into such a scheme. I bought puts on them yesterday based on this price gap, and truly, truly, I hope they get slaughtered.
If it feels like decades since the market has gone down, that’s only because you’re correct. Each night, before flicking off the monitors, the /ES looks something like the chart below, threatening to finally slip below support……..