As God intended……….down 75% in a matter of hours.
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.
Car Crashes
Well, there it is. Avis Budget Group lost nearly 50% of its value from the opening bell to the closing bell.
This Really Hertz
This situation with Avis Budget is absolutely comic. Old-timers like me remember stuff like PALM from back in the late 1990s. It’s precisely the kind of batshit lunacy one witnesses in the final throes off an overvalued bubble. If you didn’t laugh, you’d cry………..here’s what CAR is up to lately:
The Sad Decline of Lucid
On the drive up to Tahoe yesterday, I passed by the only Lucid dealership I’ve ever seen. If you don’t know the firm, it’s basically an electric car maker whose only benefit was that Elon didn’t own it, so folks bought Lucid instead of Tesla as a protest. Their mistake, because the car isn’t nearly as good, and I think that’s reflected in the long-term price chart of LCID:
Flipping the Bird
Oh, brother. Did you hear the news about the maker of wool shoes AllBirds?
Having lost virtually their ENTIRE market cap, they have pivoted to………..AI. This silly announcement is having its intended effect of blasting the stock hundreds and hundreds of percent higher within minutes.
