Super busy day for me. Crazy busy. Here’s one of the literally 100 members of my Bear Pen I think is ripe for shorting. Death to the bulls and all other evildoers!
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.
Our old friend IYR has rallied about 6%, and it is close enough to its gap to draw me in again. I’ve acquired October $99 puts on this, and if it keeps going up, I’ll just keep buying more.(more…)
Back in the day, I used to track a stock called Pennsylvania Real Estate (symbol PEI). I don’t remember why I stopped watching it – – maybe the options didn’t exist, or were thinly traded – – but I tossed it to my secondary watch list. I stumbled upon it today, and I can only say WOW. Down from over $250 to just a few bucks. I guess we’ve out-bubbled the former housing bubble.
I mentioned homebuilders as great short-sales two or three billion times. You can see how this is going:(more…)
I’d say that Slope’s bearish disposition toward all things related to housing has worked out sensationally well, with IYR being one of the greatest charts of all time!