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.
As a follow up to yesterday’s GameStop post, there was another big spike this morning. The blue trendline I’ve drawn shows the long-term resistance spanning 2007, 2013, and today. My view is that the short squeeze is over, and GME will just complete another lower high, remaining beneath the long-term blue line.
One of the meme-iest of all the meme stocks is GameStop (symbol GME) which had been battered down to 2.57 on April 3rd of last year and closed today at 31.49, a gain of about 1100%. Not bad for a retail store that sells games. You can plainly see the jaw-dropping short squeeze that took place today on this intraday chart, which pushed prices over 57% higher.
One sector on an absolutely relentless tear has been anything associated with electrical power storage. The valuations are reaching absolute nosebleed levels, but the 1,000% gains don’t seem to be slowing things down. I wouldn’t touch any of these with a ten-foot power pole, but they make for fascinating charts:
For years, it’s been very difficult to park in Palo Alto’s “second” downtown, which is the area surrounding California Avenue. The restaurants and other retail simply attracted too many people, so it took a while to find a spot.
Well, Palo Alto set out to build a very modern four story parking garage, and at long last, it’s finished. I parked there yesterday to pick up some take-out. I was the only one in the entire complex. The only one. And why? Simple.
Everything’s closed still. I know it may be different in your area, but it’s basically March 2020 all over again here, right down to the line of people waiting to get groceries, stretched around the block.
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