At the risk of shocking a reader or two, I’ve got to say, the behavior of the better-known IPOs is pretty impressive. I don’t touch this stuff, particularly on the short side, because there’s no rational basis for doing so, but these are definitely not acting like financial instruments that were dumped on the unsuspecting public only to plunge afterward. They’ve been holding up – – or thriving – – quite admirably so far.(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.
Two China stocks are among our top charts to watch today.
Qudian Inc. (QD) gained 38 cents to $7.71 on heavy volume of 8.7 million shares Tuesday. The move came on no news from the provider of online consumer credit products in China. The stock recently pulled back from its April high near $8.80 to test rising channel support near $6, and has since formed a sideways wedge, which it broke out of on Tuesday. A move through resistance at around $7.75 could take the stock to the May highs near $8.50 next.(more…)
One long idea I’ve been touting recently is Chinese micro-payment company Qudian (symbol QD). It’s looking good, folks……..(more…)
These four stocks in the high-momentum technology, biotech and mining areas are on the move.
Advanced Micro Devices, Inc. (AMD) leapt $1.99 to $29.57 on 107 million shares Tuesday. On Monday the chipmaker announced a deal to license its custom graphics intellectual property (IP) to Samsung for use in mobile devices. The stock has broken out of a 2-month sideways channel, and any move across the $29.75 range could get this into the mid-$30’s.(more…)
Just a thought.
I never like it when someone purports to be “the devil’s advocate”, because I figure I’m about to hear something I don’t want to hear. In spite of that, I’ll take on this role and point out a potential area of bullish support (which, God willing, will shatter and crush the spirits of evil bulls the world over).
Take note of where things are with the NASDAQ:(more…)