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.
Microsuck
I’m incredibly busy, but I’ll just say one thing about my one huge screw-up: Microsoft. See the arrow? That is when any kind of bearish pattern was wrecked. I bought puts yesterday based on a broken pattern, and I should have known better. My 36% loss is my reward. The good news is that my other 17 positions weren’t idiotic, and I just sold my short-term QQQ puts for a 50% profit. Anyway, shame on me. That put a damper on the day, although it’s going pretty damned great so far.
Super Strong Semis
Oh, well. I’d say the dream is dead when it comes to the semiconductor index. I soured on this one last week, and one simple chart of the SMH shows why:
Bull Revenge Bar
XLU OMFG
There’s no doubt about it. My declaration to go bearish on Utilities was one of the greatest calls of all time and, simultaneously, one of the most poorly-executed in my life. I made 144%, but this sucker has continued to collapse, and I don’t think it’s even done yet. I am SUCH an idiot. I hope you people have done better with my genius trade, having not been burdened with my empty head!
