Slope of Hope Blog Posts

This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.

Pearls Before Swine

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Some of you may have heard of the subreddit known as WallStreetBets (WSB), which is basically a forum on reddit where a bunch of inexperienced twenty-somethings gamble away their meager savings by “trading” on the Robinhood platform and sharing their collapsing equity graphs, which they refer to as “loss porn.” It’s kind of a psychotic place for beginning degenerate gamblers to commiserate.

I find the site kind of amusing, and in the spirit of contribution, I offered up the same chart on their site as I did here on Slope (this is from the start of December). I titled the chart “You Are Here”:

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Overstock Wipeout

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Patrick Byrne, the CEO of Overstock, has had a bug up his ass against short sellers for years and years. As I’ve written before, I think the weakness of his company has a lot more to do with its dreadful customer service than the mean old bears. In any case, these guys tried to save themselves earlier this year by hitching themselves to the crypto-craze. I’ll let the chart speak for itself about how well that went.

A Really Bad Day

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No, not for me. I’m doing just fine. I’m talking about THIS guy (click the image to see it larger…………duh.):

For those unacquainted with WSB parlance, an “FD” is a “Faggot’s Delite.” (Hey, it isn’t my term; I’m just telling you the truth). This is the puerile way they describe very high-risk weekly options.

It seems to me the guy basically raised a million bucks from friends and family and decided to go “all in” on Micron technology calls. Incredibly, he has embraced the “it’s not a loss unless you sell” insanity.

I’ll just save you all the suspense and tell you this guy is utterly screwed.

Teats on a Boar

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At the end of each year, the extremely-well-paid analysts of the world’s leading investment banks issue their projections for the S&P 500. You can be sure of two things:

  1. The projections will all be bullish;
  2. None of them will come true

In spite of this, the banks continue to pay them huge salaries, mainly to keep the gullible investing public fully involved in the “markets” so they can keep skimming those sweet, sweet fees. It’s worth paying some dude a million bucks to lie for you if you can make a billion in return.

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