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 big earnings event on Thursday afternoon was Netflix, and although it had a brief heart attack (in red, below) generally speaking the stock was heading lower, which is precisely what I guessed based on no particular reason.
Super Micro (SMCI) makes rack servers. Boring, right? Well, not if they got the privilege of riding the silly AI fad, which they did to great effect. Clearly, the bloom is off this rose, because in just a month’s time, a full ONE THIRD of the market cap has been laid waste. I’d say there’s plenty more downside to this overvalued fad-beneficiary.
It’s late, but market action compels me to do a post. Thanks to what is apparently a massive attack from Israel against Iraq and Syria, the S&P 500 futures are collapsing:
I’m still keeping things light and mellow. I have just five short positions, by way of September in-the-money put options. These positions are as follows:
A viewer of my tastylive show wrote me this morning to suggest Shopify (SHOP) as a short. I’m inclined to agree, so I bought a bunch o’ September puts this morning. It’s a love head and shoulders top.
