Before the market opens each weekday, the first thing I do is a “disaster check” – that is, I see if any of my short positions are suffering big double-digit percentage gains due to an earnings blowout, a takeover, or what-have-you. These are pretty rare, but on occasion the opposite happens too: I get a disaster delight, like DLLR this morning. I came into the day short, having opened the position due to a terrific gap-fill, and it’s down 25% today. I covered and chalked up another victory to gap-fill trades. (more…)
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.
Skanky Tanky Success
Well, our old favorite Abercrombie & Fitch got knicked for a 20% loss this morning; I covered and took profits straightaway. For some reason, this stock and I usuallly get along really well.
Positions are Kickin’ It
So many stocks that have struck me as gorgeous short setups – – yet did nothing for weeks on end – – are at long last finally starting to melt down, as God intended. Of my 93 positions, 28 of them are jumping-up-and-down shorts, one of which, TCK, is shown below. I am delighted that things are starting to crack. Let’s just hope the jokers at the Fed don’t poop in the punch bowl now that things are finally working out. (more…)
