I am already short IBIT and long BITI, but I wanted to highlight how precarious Bitcoin’s position continues to be. I dream of the day when this scam is worth just a few thousand bucks.
Three Words: Bit. Coin. Sucks.
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.
Palantir About to Plunge?
With all due respect to Alex Karp and his stupid hair, I think this preposterously overvalued company (which has already lost almost half its value) is getting ready to go into a free-fall.
An AXTI To Grind
Some of the “go up every single day” stocks (like Micron) are still pulling their stunts, but some of the former highfliers are, at long last, getting hit. Out of my 35 shorts, one of my best performers this morning is AXTI, which is down over 7%.
New Treaty of Versailles
Happy Juneteenth Eve, everyone. I’m not sure how much of your attention I’m going to get, what with the preparations and festivities and festoonery and whatnot, but perhaps a few of you are still trading, in spite of the big holiday looming.
Equity futures, such as the /ES below, have recovered a portion of the drop we’ve witnessed over the prior two days.
But It Pays a Dividend!
