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.

Gameslop

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In late 2020 and early 2021, Gamestop (GME) was the man. EVERYBODY wanted a part of it, and the sensation around it warranted a full-length feature movie called, fittingly, Dumb Money. In the years since, GME has fallen out of favor as a meme stock, replaced by the likes of Strategy (MSTR).

Desperate for renewed attention, GME decided to steal MSTR’s playbook and, you guessed it, announced they would spend a ten-figure sum of Bitcoin since, ya know, store of value. That had the intended effect, blasted the stock higher for about a day.

As usual, and has been done so many times before, the lovely people at GME decided to take advantage of the higher price and announced a ton more stock for sale, which had the effect of totally destroyed the stock price. Congratulations to those who bought into the BTC announcement and, just hours later, are looking at a 30% loss in value.

The Best and the Brightest

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When I was a lad, I honestly assumed that the top leadership in government must be comprised of the most intelligent, accomplished, well-spoken, and wise men in our nation. Now, as a not-lad, I realize that they’re basically a bunch of 7th graders. It’s sickening we are forced to pay taxes for this clown show, but the threat of prison always looms for those who don’t submit to the extortion.

It’s Cathie’s Bounce, Too!

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From February 18th to March 13th, a period of less than a month, Cathie D. Wood’s ARKK fund lost one-third of its value. (Keep in mind, this is NOT a leveraged fund!) Since then, it has bounced, erasing a portion of that substantial loss. I would suggest that, while it might bounce some more with the rest of the market, we’re already past the vast majority of whatever recovery Ms. Wood is going to enjoy.

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