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.
While somewhat painful (for bears, at least) to observe, the past four years have been, in some sectors, an easy-as-pie, buy-and-hold, any-first-grader-can-do-this bullfest. Look at the consumer staples ETF below. Place a ruler on your screen if you like. It just keeps going up. Steadily. Resolutely. Unfailingly.
I guess I was naive in underestimating how Americans love to buy crap and how they will never stop buying crap. Ever. Because it's what they are good at.
Fidelity Clients Are Net Buyers As Nuance Drops
Shares of Nuance Communications, Inc. (NUAN) plunged
18.53% Friday after the company lowered its full-year sales and
earnings forecasts. Surprisingly, though, as the screen capture from
Fidelity's website shows, there were more net buy orders from Fidelity clients for Nuance on Friday than for any other stock.
According to Fidelity, 79% of NUAN orders placed by its customers on Friday were buy orders.
Long-time Slopers know that Abercrombie & Fitch is one of my favorite stocks to short. I've stayed out of it for the past few months, but after yesterday's huge pop, I decided the opportunity was presenting itself again. I shorted some today, although there's still a little more room between the present price and the gap, tinted in green.
