This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.
Altria Group – – cynically renamed to conceal their actual identity as a manufacturer of cancer-causing tobacco products – – has been a short I’ve recommended (along with fellow creator-of-human-misery PM) for quite some time. Its head and shoulders pattern is absolutely massive, and, believe it or not, my target price is $32 – – basically a financial catastrophe. Couldn’t happen to a nicer bunch of guys, either.
Back on December 26th, I did a premium post called A Musing which stated three things:
If – – and I repeat, if – – 2600 turns out to be the turning point, the post will have to go down as genius-level in terms of its prescience, accuracy, and clairvoyance (which will make the fact I have traded like a goddamned moron since then less damaging). Today we peaked just a couple of points beneath that level – literally 99.3% of the way there – so if we slip from here, good God, that will be breathtaking.
(more…)Some of you may have heard of the subreddit known as WallStreetBets (WSB), which is basically a forum on reddit where a bunch of inexperienced twenty-somethings gamble away their meager savings by “trading” on the Robinhood platform and sharing their collapsing equity graphs, which they refer to as “loss porn.” It’s kind of a psychotic place for beginning degenerate gamblers to commiserate.
I find the site kind of amusing, and in the spirit of contribution, I offered up the same chart on their site as I did here on Slope (this is from the start of December). I titled the chart “You Are Here”:
I have been nothing but pessimistic about Blue Apron, such as with this post from early this year (which I considered good enough to include in my Silicon Valley Babble On book). Let’s just say my snarky feelings about this organization seem to have been well-founded. New lifetime low, and now a penny stock:
UPDATE: The original post is below, but in an amazing “duh” moment, I realized how easy it would be to automatically have the latest stock prices in the spreadsheet, so I modified it to show those. After doing so, the profit results improved by over 30% (as of this writing). I frankly can’t believe I was so dim that I hand-entered the quotes originally, but the bottom line is that the profits were better than originally reported.
From time to time, people ask if I have some kind of spreadsheet that tracks the results of my various ideas. Over the many, many years this website has been around, I’ve never done so, but I decided to take an afternoon to compile an analysis of a couple of “Premium” videos I did early in October 2018. Although these videos were behind a paywall, you can view video one and video two freely now.
I entered all these ideas into a publicly-viewable spreadsheet, which shows each symbol, its closing price on October 5th (when I made the videos), and its closing price seven weeks later (when I did the analysis). They were all short ideas, and the results speak for themselves.
I haven’t shut up about XME for weeks, and with good reason. It’s one of the clean analogs I’ve ever seen, and the pattern we’ve been watching has been unfolding beautifully.
A few weeks ago, I did a post called Will Chart for Booze, which was a tale of a chap in a bar who bought me a drink and regaled me with tales of his Google purchase, based upon something he read about them getting machine learning. Let’s see what has happened with his ill-conceived purchase where I’ve marked the arrow.
First off, this is a bit of a throwaway post, and I encourage you to read the Pleasure Me post I did on Monday night if you haven’t already. I’m doing this post mostly for the purposes of system testing, although there is actually a point to it.
Four weeks ago, MoneyMiser21 did a post called WWE Smackdown, and it has gone great. Look at the chart below, with the arrow marking the post publication date.
