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.
I know how it feels. Oh, yes, I know all too well.
There you are, watching things go your way. You can practically taste it. All you need is a breakout. And – – it DOES break out! Yes! We’re gonna scorch those America-hatin’ bears. Jim Cramer wins! Cathie Wood wins! Oh, yes!
I am doing a little trimming here and there this morning. My cash is up to 17.7%. An example of what I’ve taken profits on is Abercrombie & Fitch (symbol ANF) on which I own August 19th $40 puts, which are up 77% from my purchase. I have sold 40% of the position based on this midline touch, but I’m sticking with the rest.
Don’t let my suave demeanor fool you. As you well know, I am massively, massively, massively short this market, and having a binary event like the CPI come out had my heart racing. I literally pulled the covers up, gripped the iPhone, and let my three dogs surround me to guard my spirit.
Sorry to do this to you, but when I stumbled across oh-my-God incredible ideas I offered in the past, I have to share them. I have to have SOME way to compel people to, ya know, actually PAY me for my hard work 365 days a year. Anyway, the stock in question is Wayfair, which I fervently suggested as a short idea in a post from December 6 2021. As I describe it at the time, it was “at the cusp of breaking below a fantastically well-formed topping pattern.” Yeah, I’d say so……….arrow marks the sell spot: