Here is an analog I wanted to share: Boston Scientific (symbol BSX), which I am short with an updated stop-loss price of $36:(more…)
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.
There are very few short ideas I mentioned more often over the years than CBL & Associates, due to its sensational analog pattern. I think I did about a dozen posts in total, such as this one. Now that it has declared bankruptcy, and stopped trading at nine pennies a share, I think we can bid this chart a fond farewell and put it in the Hall of Fame for analogs.
I am worth one hundred million dollars.
A number of accountants gathered together yesterday to assess my worth. There’s my beautiful house, of course. And a number of rental properties throughout the Bay Area. As well as a stake I have in a high-tech startup. To say nothing of my complete ownership of the fabled Slope of Hope.
The trajectory of the calculations was clearly headed toward $100 million, so I asked the accounts to cease their computations. There’s no need to go on any longer, because I’m telling you, I am worth one hundred million dollars, and the figures thus far all lead to that. Added to which, should anyone challenge me on this assertion, they will be hearing from my lawyers, as I shall defend my belief with vigorous legal action.
I realize this all seems implausible, considering how I frequently find myself pleading with disaffected middle-aged men to cough up a few bucks each month for their ceaseless presence on my site, but that’s merely a ruse. I’ve got money up the yin-yang, and the partially-calculated tallies to prove it. Honest.
Shamelessly lifted off WSB………..these charts do look awfully similar. We seem to be at “Return to Normal“. And considering the risible and ubiquitous declarations that we are, in fact, at the START of a grand new bull market that will last another decade, I can only shake my head in astonishment.
I’ve mentioned my put position on XME. This morning, I took advantage of weakness earlier and sold my January puts so that I only have March now. I intend to double this March position in the near future. The reason is simple: I think this beast is heading much lower, but it moves with the speed of Oprah Winfrey at the 24th mile of a Marathon.(more…)