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.
The public companies in the quantum computing space aren’t dummies. During the few months they were white-hot with the (ill-advised) excitement of the public, they sold lots of stock for billions in cash. Investors won’t be seeing those greenbacks again.
I’ve long held that shorting stocks is the most fun you can have with your clothes on. This pleasure is only accentuated when I am short stocks to which I have a fundamental moral objection.
An excellent case in point is Royal (!) Caribbean (RCL) and Carnival Cruise Lines (CCL), the “section 8 of the seas.” These organizations market brief chunks of time when lumbering, porcine guests waddle their gigantic ‘mericuhn asses onto giant floating hotels and gorge themselves on fat and alcohol while briefly distracting themselves from their tortured lives. The charts are as lovely as the passengers unsettling:
Remember when shorting Chipotle (CMG) was as stupid as shorting Nvidia (NVDA) today? I sure do. Boy, have times changed. Chipotle is finally getting the treatment it deserves, since the purveyor of overpriced, mediocre burritos never deserved its lofty valuation. It is worth a small fraction of its former peak.
