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 naive observer would think that the good news of UPS avoiding a massive strike would have the stock exploding higher. Nope. Just the opposite. After a picture-perfect seal of its price gap, the “good” news has hammered the price (probably because the company’s profits are going to get eviscerated by handing over tens of billions in cash to the boys in brown).
I’ve placed countless thousands of trades in my life, but oddly, I don’t think I’ve ever touched General Motors, one of the longest-lived common stocks in the world. I was drawn to it, however, by this analog:
Besides Tesla, the other household name reporting earnings tonight is Netflix. Pay close attention to the gap I’ve highlighted below. An earning spike which fails to exceed that gap would be meaningful, since it has taken an exceptionally long time to try to seal that gap, and tonight might just do the trick.
Since only last November, Facebook (oh, sorry, META) has gone up 250% In doing so, as of today, it has perfectly sealed its massive price gap from way back on February 2, 2022.
In contrast to Rivian (prior post), you might consider shorting Lucid (LCID) which not only has just about perfectly sealed a beautiful gap, but whose cars I’ve always found pretty damned hideous. The TSLA mania will die off at some point, and when it does, the wanna-be companies will fall all the harder.
