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.

Massengill Market

By -

It was a quiet overnight session. As I’m typing these words, the /ES is up all of 0.01%. The biggest news the market could come up with today is the US IPO of the boringly-named SK Hynix, which sounds like something you’d come across in the feminine hygiene aisle at your local CVS.

In fact, they are a South Korea (hence SK – get it?) maker of memory chips, whose chart is below (yes, SlopeCharts charts stocks from around the world!) Put a fork in it, because it’s blatantly obvious this is just a cash-grab from a U.S. market that has been going absolutely ape for semis and memory since March 30th.

does this look like an opportunity to get in on the ground floor to you?
(more…)