Let’s add Cracker Barrel (CBRL) to the list of short positions I had just held onto forever.

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Let’s add Cracker Barrel (CBRL) to the list of short positions I had just held onto forever.

Anyone long this is probably feeling like a grouch: Oscar Health (OSCR) had all the markings of a great long position, but its breakout failed instantly on October 7th, and it had totally ruined its basing pattern.

Just a bit of a victory lap with respect to my Ripple to Fall post from the 27th of October. The crypto fell 25% over the next nine days. The peak was the 27th. My post was the 27th. Not terrible!

Remember my Short Uncle Herschel from August? Of course you do. I suggested shorting Cracker Barrel, even though it had already been blasted to pieces. How’d the idea work out? Observe:

Last August, I couldn’t have been clearer. I wrote at length in a premium post about why Meta was headed for disaster. Simply stated, paying young men $300 to $1,000 million a year to sit on their butts and shoot the breeze a few hours a day isn’t a business model, but that’s PRECISELY what they were doing inside MSL. I was so uneasy about the post that, for the only time in Slope history, I deleted it shortly after posting it. All the same, my words were prescient.
