American Airlines is up about 150% over the past year (since, ya know, everyone is just dying to get on airplanes and fly all over the place). I would suggest this stock is getting close to powerful resistance at the price gap of 27.17:
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.
If you wanted to short Wendy’s, but missed the drop, I think a second chance is coming up. I think a stop-loss of $21 makes sense.
I bought a large block of April $52 puts on XLE based on the price gap fill this morning (this is the energy sector):
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The entire financial world was gushing and high-fiving yesterday about Zoom’s earnings results, and the stock exploded higher. The price gap that I’ve pointed out a gazillion times, however, has true power, and it didn’t even get near it. The stock basically opened at its high and has been falling all day. I think, ultimately, Zoom is Doomed.(more…)
There’s a fellow over in wsb-land who has attracted a loyal following. I noticed last night he went “all in” on a stock I had never heard of – – Corsair Gaming – – and I’m sure his acolytes dutifully followed along. It’s a huge position.(more…)