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.
From the start of 2021 to the end of 2022, Palantir (PLTR) lost about 90% of its value. Since then, thanks largely to the disposition of the forthcoming administration to the company, it has soared to a p/e ratio of about 315. It is sporting a very clean price gap at the moment.
Well, the bulls are off and running again. After enduring a tiny bear market from November 11 2021 until June 16 2022, they’ve been enjoying basically straight-up ever since. The start of 2025 is no exception, as the /NQ is up hundreds of points and the /ES executed a nearly 100 point blast-off from yesterday’s lows (and, by the way, these cleaved weeks are completely screwing with my head; I am fully convinced today is Monday).
I don’t think I’ve ever traded Boeing (BA) in my entire life, but I bought June $180 puts today. Mercifully, I bought them late enough to take advantage of the bounce. Earlier in the day, the stock was quite weak, based on the whole planes-killing-people hoopla.
Awwww, shoot. I was having so much fun, too! Anyway, as I feared, once the DIA gap was filled, the market exploded into the opposite direction. At least my prediction for a bottom in a week still has a chance, since the free fall has stopped.
Weeks ago, when Super Micro was in a free-fall, I did a bullish post about it, noting that it was approaching a major price gap. Let’s just say that turned out to be an amazing idea.
