The criminal bulls did their best to bid up this grotesquely overvalued house of cards, but at the moment, they have totally failed.
Grease the Skids
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.
Sweet Baby Tesla!
Good God. I should just stop trading ANYTHING but Tesla. I think every single call I’ve made for the past 14 months has been dead-nuts-on accurate. The latest, which I was too stupid to believe, called for $213.15. It went to $214 and then into a hard reversal. If I had half a brain, I’d have gone ALL IN calls when the stock was about to break $100. I just can’t seem to trust my own insights! Anyway, my puts are happy (I am a total ghey boy, so they are Junes, so the rise is muted). I truly am a limp-wristed sad sack.
Short-Term Target Met
Don’t get me wrong. I hardly think TSLA has slipped one day and that’s the end of it. On the contrary, my first meaningful target price is $165. For the immediate moment, however, it did a great job nailing its measured move for its head and shoulders top based on the minute bars.
Perfection!!!
Just Like the Old Days
Last Wednesday, January 18th, was like a cool drink in a horrid desert. Today, a week later, may be exactly the same. This so-called “market” has been raging higher since January 6th with almost no down-tick in sight. Mornings like this are a welcome relief, particularly since the explosive rally driven by Microsoft (see red box) was smeared off the face of the Earth, Epstein-style.
