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.

Oil Salesmen

By -

Accomplished traders know that the news has little to offer other than occasional context, and mostly entertainment value. This chart is our latest installment in the category of you-just-can't-make-this-stuff-up.

Greasenews

Look at the two articles published by Bloomberg recently. Then, compare the dates the articles were published to a daily chart of WTI futures.  Oil was getting ready to launch for the moon. The orange arrows point out the specific days that Goldman and Barclays issued their bullish reports. Sure, the odds are pretty good that the light, sweet, and sometimes crude stuff will hit $100 this year. But for now, all we have is entertainment value.

For your reading enjoyment, here are links to the full articles:

Brent at Nine-Month High on Chicago; Goldman Sees Tight Supply - Goldman Sachs

Oil May Head to $100 With Two-Year Support - Barclays

Apple's Quarter Was Lousy, But Stock Still Headed To $1,000 – Forbes (sorry,couldn't resist)


Originally published at Trade Flight Plan.

You Can’t Make This Stuff Up (by Trade Flight Plan)

By -

It's a wonder that Pump 'n Dump schemes continue to try and prey on unsuspecting investors.  Although it's hard to imagine this stuff is legal, the frequency of penny stock solicitations in our inbox suggests these schemes are alive and well.

Every now and then, an email slips through that really offers some nice entertainment value.

The latest solication arrived last week, on 12/12/12 of all days for ticker symbol PFNI.  You would think that the Psychic Friends Network Inc., of all companies, would have an edge in forecasting future stock price appreciation.  We are not making this stuff up.

PFNI

Just for kicks, a few days later, let's take a look at how PFNI is faring in the markets with its stampede of new investors.  The yellow arrow points to the daily price candle on 12/12/12, when the spam – er marketing – email was received.

Chart

 Instead of heading to the $1 level very soon, as prognosticated by Elliott Dobbs, esteemed publisher (but obviously not a psychic), we actually crater to nearly zero the past two trading days.  You just can't make this stuff up.