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.
Earlier today I did a premium post which stated I would be going long bonds. Indeed I did. I bought a bunch of calls. If you know me at all, you know how short my long positions last, and I got out of it already at a nice, quick profit. Suffice it to say I’m back to “pure bear” again, albeit with 50.8% cash.
This has been an amazing week; let’s look at the ES:
Tesla, and Elon Musk, are no strangers to the Slope of Hope. I first wrote about Tesla over a decade ago in this post, in which I praised my new Model S (170,500 miles ago………) Just to prove I’m not an always-negative sourpuss, the last sentence I wrote in that lengthy review was “Elon has another winner on his hands.”, and God knows that was the case.
I have composed many dozens of posts about Elon and Tesla in the years since, and my own family’s financial well-being is partly tied to the man now. Thus, I was very excited to see famed biographer Walter Isaacson was coming out with his Elon Musk biography, which I pre-ordered months ago. I’ve been reading it every night since it arrived a week ago, and I have some things to say about it.
It’s obviously a very good day so far. My main pain comes from looking at the trades I closed. For instance, I sold IWM puts yesterday morning that are up about 270% now. And, weirdly, TWO people cancelled their gold memberships (today of all days). One says he’s done trading. Another is going on vacation. Whatever, fellas. Departures are a good thing, paradoxically.
All my positions are very profitable, but a couple of charts jump out as extra-peachy. One is KB Homes, whose H&S top is amazing.