I offer the bearish chart below for two reasons. First, MOV clearly has a habit of topping out and rolling over. And two, the pun was just impossible to pass by.
Movado Watch
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.
Utilities Cruising Along
It isn’t often that my ideas nail an exact top or bottom, but this is an exception: on December 14 of last year, I did a Premium post cleverly titled Utilities, Utilities, Utilities, and at the time I wrote quite plainly, “My view is that this sucker is about to roll over in a massive way.” Let’s see how that worked out:
SAVA Some For Me (by Xerxes)
This is a quick short idea. I have a special place in my heart for meme stocks. While the moves they made back in 2021 were truly remarkable (I admit I was extremely jealous at the time), those days are done. I’m sure some day we will see something like this happen again (much fewer and far between I think since now everyone is looking for it). But now any sort of “squeeze” attempts are being met with selling holding the resistance.
Attacking the Castle
In my portfolio spreadsheet, I always tuck away positions I close so I can see what they do later (I update the data so that the “entry” price is whatever price I got at the exit). Just now, I sorted all these ex-positions by percentage gain, and the biggest ‘one that got away” is Crown Castle (CCI). Looking at the chart, it doesn’t seem that impressive, but the puts I sold on it have gone up an additional 221%.
Your Majesty!
I went long GDX puts yesterday and sold them about half an hour ago for a nice profit. I wanted to point out that a very heavily traded miner, symbol AG, just broke its lifetime trendline and could be an intriguing long-term short. I give to you: First Majestic Silver Corporation.
