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.
This is precisely the kind of diseased thinking that will be of persistent aid to the bears in order to get good prices at which to sell short. I didn’t chop off any other steps. This is the whole tweet.
In case you’re wondering who this guy is, let’s just say his credentials don’t surprise me.
We’re all aware of Cathie Wood’s horrible Ark “investments”, which were nothing more than her scurrying around chasing whatever stocks the boys in /wsb were infatuated with. Well, it worked out great in 2020 and 2021, but it has been catastrophic since then, and her desperate attempts to turn things around by mewing the word “Innovation!” at each of the 37 interviews she has every day of the year hasn’t helped.
I would respectfully suggest you keep an eye on these gaps closing as an exhaustion point for the brief recovery Ms. Wood is enjoying.
No one leads an optimized life. Did you go to the perfect school for you? Do you have the ideal friends? How about your spouse? Is there no one among eight billion people who could possibly be better? Yeah, that’s what I thought.
We don’t think about such things, except in the world of trading. Or at least I do. I keep track of my closed positions, just to see how things worked out afterward. Of the 157 most recently closed positions, want to know how many kept going up? 149 of them.
Below I show the biggest percentage gainers (if you care, the columns, from left to right, are underlying stock, days until expiration, underlying price, intrinsic value, strike price, expiration date, entry price, bid, ask, and then, the most important of all, the percentage change since I closed it). Why I do this to myself, I’ll never know, but……….let’s just agree we live in an opportunity-rich environment:
Well, I gave it a chance. But, nope, they’re outta here. I sold my SPY and QQQ calls (no big deal; about a $1600 loss total) and kicked ’em to the curb. I’m pure bear again, albeit with 33% cash. This market cannot seem to get up off the mat, in spite of the sentiment severity.