After so many stocks had lost 90% or more of their value, I figured that their bounce would accomplish pretty much one thing: fill a major gap. The poster child for this was Palantir, formerly based here in Palo Alto, which had plunged from about $45 to about $7 in a matter of months. It has bounced mightily, but it sealed its gap with just three PENNIES to spare. I’d say that’s good enough!(more…)
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.
The mega-rally that started two weeks ago has, in the cases of stocks that were particularly badly savaged, been serving to push prices back toward crucial price gaps. We’re getting awfully close on some of these. Here are three concrete examples:
No, not the retailer. The price chart object. In other words, based upon this gap:(more…)
I am taking advantage of the (laughable) rush to buy stocks again by shorting some retailers that are approaching major resistance levels.(more…)
The day isn’t quite as big a kick as I thought it might be, but steady as she goes. On the whole, I am in wait-and-see mode. One in particular worth watching is Advanced Micro Devices. In particular, I’d like to see it get as close to that gap as possible.(more…)