Just traded this for the first time in my life today: Bloom Energy (BE). In fact, not only did I short it, but I bought April puts on it for good measure.
Let It Be
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.
Some Lesser-Knowns
Errrr, so your hero was supposed to make some kind of announcement at 1:00 EST,. but after nearly a full hour past that time, nothing. So………here are five interesting short set-ups from my secondary watch list that I wanted to share:
Tempus in a Teapot?
Here’s a short-sale idea for a relatively new stock: Tempus (TEM), which is an AI-based medical company. This is quite a clean topping pattern:
Pigger Rich (Again)
On this otherwise grim day for any bears out there, I must once again push some charts forward on my desk and pound my fist about one particular item: Progressive Corp. (PGR). True, this is a boring old insurance company with a ho-hum, not-at-all expensive P/E of 12, but this is seriously one of the cleanest looking topping patterns I’ve ever seen. Indeed, this is my largest non-ETF short position and the only equity on which I’ve “doubled down” and bought put options.
Floor About to Buckle
It’s a quiet morning so far. I’m just nipping and tucking my positions here and there. One item I’ve added is a short in Floor & Decor (FND), which is a fairly young stock but has a fantastic topping pattern and a P/E of over 30. I’ve set my stop loose at $67.
