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.

Slowly, Then All At Once

By -

No one has ever asked, but some may be wondering what my interest in /wsb is all about. I simply see it as a unique subculture on the web where young wanna-be traders (who are much closer to degenerate gamblers) convene and throw nonsense around. Sometimes it’s amusing. Occasionally it’s tragic.

This go-around, it’s a bit closer to the latter. I stumbled upon a chap who apparently had his luck YOLOing his way into hundreds of thousands of dollars in gains. Given the insane run-up in crappy stocks from January through July, it’s no surprise. He knew what he was doing was reckless, but he got a huge charge out of it, and he made a lot more money than he lost.

(more…)

The Burp is Back

By -

Oh, for cryin’ out loud……….

I’ve written about Tupperware (TUP) countless times, but I thought this thing and its horse were last seen fading off in the horizon. That was true until a couple of weeks ago, when the meme crowd, having lost their latest pipe dream of Bed Bath & Beyond, turned their attention to TUP, of all things, and pushed its volume up ONE HUNDRED FOLD and pushed its price up HUNDREDS of percent in just a few days.

(more…)

King of Memes (by Xerxes)

By -

If I haven’t said it before, I’m saying it now. I have a huge disdain for meme stocks mostly because they are a result of improper market behavior. Translation: I can’t get rich off them, so I hate it when other people do.

The whole idea of a free market structure is that the price at any time should, theoretically, represent the sum total of all known public information to arrive at a true valuation for a security. As is usually the case with mathematical or economic theorems, however, reality is often much messier. The meme stock craze was possible because these companies were heavily shorted (as they were fairly unprofitable and seemed worthy of a large decrease in stock price).

(more…)