Thumbing through my Recent watch list (of younger stocks that IPO’d over the past couple of years) here are some real gems, worthy of Jim Cramer adulation. Shield your eyes, Frank…………
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ManBearPig
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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.
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Cohencidence
The permabull website Zerohedge – – from 2009 through 2021 a friend of the bears, but now a shill for Goldman Sachs and JP Morgan – – have prominently featured all day long yet another mega-bullish story, right at the top of their site.
The Big One
I have two trading accounts. One of them, my small one, is for dabbling in ETF options from time to time. Often it has absolutely nothing in it, and I don’t even bother having a watch list for it. My other account, the “big” account, always has positions, and typically has anywhere from 20 to 30 different put positions on equities, depending on how frisky I am feeling.
At present, my personal account is empty (I took profits on my XLB position this morning, although I am certain I’ll regret it mightily). My big account, which is what my watch list (that premium folks can see) contains, has 24 equity puts and 1 ETF put. I’d like to discuss that ETF put at length here, and the rest of this post will be visible to paying members only.
(more…)Guide Us, Rolo!
Below is one of the dogs I rescued named Rolo. Longer-time readers of Slope know that I was fortunate enough to find this beautiful beast in North Carolina and, saving him from euthanasia at the animal “shelter”, I was able to find him a safe and happy home on an alpaca farm.
He also holds a special place in Slope history, since I was tending to him in the midst of October 13, 2022, a market bottom that will live in infamy. More specifically, it seemed on that morning, when the market was plunging, that the bears were finally victorious. In the end, the bulls smashed our faces in, and we’ve been going up ever since.
Taking Myself to Task
Ever since yesterday afternoon, when META’s earnings came out and sent the stock blasting higher, I have been ruminating on a couple of big errors I made yesterday and how I got there. I’d like to talk about those, and we’ll begin with this chart of the /NQ, which shows, by way of 1-minute bars, the activity on the /NQ over the past twenty-four hours or so:
