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.

Self-Inflicted Wound

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Well, that was stupid.

I’ve got a bias against Carvana. The company was founded by a convicted felon (well, he had to have his son do it, but that’s another story) and it just reeks to high heaven. Yet inexplicably it has gone up massively. Based on little more than spite, I shorted this thing a few days ago.

Last night, they came out with earnings, and my eyes bugged out when I saw they were roaring 10% higher. How can they keep getting away with this? I couldn’t stomach it, so I covered 75% of my position at a nasty loss.

You don’t need to be told what happened this morning………..

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