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.
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.
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).
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I stumbled upon this clip. I’ve never seen the movie. Never saw the scene before. But, wow, this is timely.
One of my favorite MST3K shorts………..
