Well, here’s a big fish that got away. I explicitly pointed out this resistance on the BIDU trendline, yet I did nothing about it. In any case, all the Chinese internet stocks are, once again, getting blown to pieces.
Bye Bye, Baidu
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.
CNK Is Gonna Sink
Is it a meme stock? Yes. Then short it. I am long January 2024 $20 puts.
Really In Vidia
Until yesterday, I was too nervous to short NVDA, since it was such a Hercules in the market. There comes a time, though, when the assumption that AI is going to take over the world, and the P/E is measured in the hundreds, that it becomes irresistible.
Tesley Crusher
It was a profitable, but very frustrating, day. I’ll save my bitching for later. Let’s get to the immediate news, which is that TSLA is tumbling after hours. As the proud owner of August puts, this suits me just fine. My puts are quite deep in the money ($235, believe it or not) so the drop should translate with a high level of purity to my bottom line, assuming nothing idiotic happens (which is not out of the question in this psychotic, government-controlled house of mirrors).
Back into Boeing
I sold my Boeing (BA) puts on March 14th, after the stock gapped lower, taking good profits thanks to the magic of the porcine Jim Cramer. Now that BA has pushed within spitting distance of its price gap, I have re-entered my position, this time acquiring August 18th $220 puts.
