Best Trade of the Year So Far
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.
Embracing Failure
Well, it’s been a great morning so far. I had a really sad “one that got away” however – – the Dow Utilities fund, symbol XLU. It look absolutely juicy for a massive put position. The bid/ask was 4.45 by 5.00, and I figured I could get in at, let’s say, 4.60 or so. Nope. The market moved quickly, and the whole thing got away from me. Oh, well.
Oil’s Failed Breakouts
Interesting day so far, eh, folks? Looks like we bottomed about half an hour into the day, and the bulls have been gobbling up stocks ever since. That’s A-OK! I want a grind-it-out decline, not a crash. I think July is going to be fantastic for the bears, and for all the bulls buying up stocks at these prices – – thanks!
Energy is a favorite sector of mine, and I am fully loaded up there. The war has been the driver, largely, but we keep getting one false breakout after another. I agree with the notion that we’re back in the summer of 2008 again. In other words, oil is the last man standing, and as it falls, all assets are going to come along for the ride.
Resurrecting Energy
Below are the energy-related companies against which I own puts; energy was very good to me a number of weeks ago, and I’m back for a second helping.
Trying To Avoid Tops
