Polaritite, Inc. (COOL) jumped $3.90 to $30.95 on 1 million shares Wednesday. The biotech and regenerative biomaterials company announced on June 4 a public offering of common stock. The stock has nearly doubled from a mid-April low below $16, and recently broke out of a 2-week consolidation pattern, suggesting it is ready to continue the run. Wednesday’s close was the highest since late August, and a break through that level ($31.68), its highest close ever, could take the stock to the mid-to-high $30’s next.
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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.
Stock Market Superheroes
Whenever someone argues against short-selling, they often bring up two very scary words: Infinite Risk. In other words, the most you could lose on a long position is 100%. But there is no mathematical limit to short losses. You could short a stock at $10 and it opens the next day at – – what – – let’s say $500,000. Shriek, right?
Well, yeah, but that doesn’t happen. I think the most horrendous wipeout I ever suffered was a 50% gap up, and since my positions are typically 1% of my portfolio, it wasn’t devastating. If someone is going to argue against short selling, I think a far better and more realistic argument is not that losses are unlimited but that profits are limited.
In other words, the most you can possibly make on a short is 100% and, let’s face it, stocks never go to zero. Hell, I think even Lehman Brothers is still trading in some form to this day. A gain or 20% or 30% – – maybe 50% once in a blue moon – – is a terrific success.
However, the profits on long positions are unlimited. Making more than 100% – – be it 500%, 1000%, 5000%, or even 100,000% – – is absolutely possible, and it’s been done by people all over the world. The main ingredient is timing and patience.
I’ve used SlopeCharts to create some percentage charts below, to illustrate some long-term winners as Intel……
Apple the Unbreakable
There are some stocks which are simply impervious to pain. Yesterday, for example (which feels like about a decade ago at this point) was a big down day, but if for some reason you were only looking at Amazon or Netflix, you would have had zero idea. None. They just keep going up or, at worst, go down a few pennies.
The same can be said for Apple. The world’s most crowded trade hasn’t suffered any negative effects from its crowded-ness. I mean, just LOOK at this:
The Not-So-Small Caps
After last week’s breakout in small caps, they keep on keeping on (and the moving averages never even threatened a reversal, even through all the mayhem earlier this year):
Energy Stocks Powering Higher
Brent crude pushing past $80 per barrel is doing wonders for the energy sector:
