
Blue Light Special

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.
They never learn, do they? Perhaps you’ve seen that about 100% of the chatter on /wsb is about one stock and one stock only: BBBY. It’s evident from the volume. BBBY volume is presently running at what the entire stock market’s volume USED to be when I started trading back in the late 1980s.
After Walmart issued a surprise profit warning following the close of the regular Monday session, the stock went into a free-fall, wiping out about 10% of this mega-retailer.
I am taking advantage of the (laughable) rush to buy stocks again by shorting some retailers that are approaching major resistance levels.