Semis have had an amazing run, but they’ve reached pretty crazy levels and today’s action feels like the beginning of the end (at least, the end of this run before needing to develop a long base). The past three trading sessions days since Warsh’s Fed comments were interesting. While there was an initial pullback with the rest of the indices, this bucked the trend, gapping up each day (frustrating the crap out of me and, I’m sure, many other bears), and refusing to fall even a tad. The days were grinding sideways and drifting higher in an environment where everything else, including all other tech stocks, were starting to fall apart. I mentioned it in a comment yesterday that I found it unusual and notable that all of the “trending tickers” on Yahoo yesterday were semiconductor stocks.
(more…)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.
Stocks Vandalized!
In a rare act of propitious timing, I shorted South Korea in size for the first time in my life yesterday. Their market is limit-down, so I’d say things worked out swimmingly.
Apollo 12
It’s quite, quite obvious that the thrill and exhalations surrounding rocket companies has been totally spent now that SPCX is public………..sort of 100% precisely like I predicted.
The diminishment has only just begun:
Lexus Leads
