It’s encouraging to see some of these laughably overvalued stocks finally taking it a bit on the chin:
Finally, Some Droopage
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.
Netflops
Well, there were two major earnings reports this afternoon, and I like the look of ’em both:
Perfect Precious Plunge
The mega-rally in precious metals is well known by everyone living outside of a cave. As fond as I am of precious metals, I’ve become quite annoyed at how unrelenting the rally has been, and as a card-carrying contrarian, whenever gold and silver are the talk of every ding-dong and nitwit on the tee-vee, I figure it’s probably game over for a while.
Micron Monday
Since the Liberation Day bottom, Micron has gone up more than 200%. Let that sink in! More than tripling in just half a year.
Prepare to Get Tased
I remember in the early 1990s one of the hottest stocks was Taser International (TASR) which made, unsurprisingly, Tasers. They have expanded their product line, and the new company, Axon, has been blasting higher for years.
In recent months, however, it has carved out a well-formed head and shoulders top. The stock lost about $200 per share from mid-August to mid-October, but for those who missed it, I think a second chance to get short is very close. The neckline itself (dashed line below) is at 694.72, so I’ve shorted this with a stop at $695.
