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.
Skank You Very Much
Double-Top on Fossil?
Skanky Trade Continues
I've mentioned purveyor-of-skanky-wear retailer Abercrombie & Fitch many times in the past, and my post of October 11 highlighted it when it was above $70. It continues to tumble (much like it did during those charmed years of 2007-2008). It's down a double-digit percentage today.
Amagone?
Let me start by saying Amazon is one of the most, if not the most, well-run organizations I've ever known. We have done tens of thousands of dollars in business with them, and I can't think of a single unsatisfactory experience, even though there have been hundreds of opportunities. (This is in sharp contrast to Overstock.com, which I tried once, and I had a totally unsatisfactory experience, and therefore I shall never darken their doorstep again).
Anyway, AMZN broke a long-term support line last week.
Looking closer, you can see the damage was done on Friday. Given AMZN's huge run-up, the drop from its lifetime high looks like barely a blip, but the fact is that the stock is down 20% already, and it sure looks awfully vulnerable at these levels. I don't have a postion, but if it retraced to that trendline, it looks like a very high probability trade.
