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.
Until a few weeks ago, the hottest sector around was anything even remotely related to SpaceX, from flying cars to rocket ships. I am long puts on Rocket Lab (the first chart below), and as you can see, this entire sector seems to be succumbing to gravity.
As God is my witness, this administration’s utter reliance on the STOCK MARKET as their last remaining excuse is going to blow up in their faces – – just to borrow a phrase from President Dipshit – – like you’ve never seen before.
If I hadn’t been so distracted with the 28 positions I’m already managing, I would have loved to have shorted SHOP this morning. Check out this chart: after earnings, it ripped higher, but the moment real trading started, it was off to the woodshed. Can you IMAGINE the poor souls who owned puts and dumped them the instant the market opened only to see them explode higher in value??? It went from a huge gain for SHOP to an enormous loss.
Hey, I’ve got another winning crypto company for you: Strive (with the obvious ticker symbol ASST). Here is this honey of a stock, which has managed to lose 95% of its value in the few months it has been public during the most ridiculous bull market in human history.
I would first like to acknowledge this is probably one of the cleverest post titles in the history of the written word. But that’s not why we’re here.
We all remember my post from a couple of days ago called Credope, in which I assailed myself for my clumsy handling of a trade opportunity. Well, I stand by my self-flagellation in that post, but I do want to tell you that, yesterday morning, when CRDO was sky-high, I increased my options position, and as I stand here right now not only did the position not get destroyed, but it’s profitable. So, considering these are June puts with 127 days of life in them, I’d say there’s still great promise here!
