Anyone here old enough to remember CMGI? I am, and I do. It was one of the hottest stocks on the planet back in 1999, making new highs every day and becoming a global trading sensation. Once reality began to rudely worm its way back into life, people joked the symbol stood for Can’t Make Good Investments. I think they went to $0. Anyway, SMCI is our new CMGI, and even with the news that it’s being shoved into the S&P 500, pre-market trading still hasn’t beat its high. We’ll see.(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.
I only share these charts so we can stare in wonder together. At some point, they will start falling. And when they do, I suspect that selling will feed upon itself. So, this is a game of hot potato (if we can mix metaphors a moment), and I only intend to stand on this side of the room and watch with astonishment as people bid these things up into the ionosphere.(more…)
Chinese EV Maker Reeling Past All The Stops
Chinese electric vehicle (EV) manufacturers BYD are having a moment across the world, winning over motorists and governments with affordable, and seemingly cutting-edge battery electric vehicles (BEVs) and new energy car production.
For much of last year, and perhaps the year before, BYD has been claiming its stake as one of the top EV producers and is now on the verge of overtaking American-based Tesla following the release of Q3 2023 sales and production figures.(more…)
Well, that’s that. February is over, and I’m surprised this sentiment meter isn’t reading 100.(more…)