I strongly suspect this piece of garbage Reddit (RDDT) will be in the single digits within a year and a penny stock not long thereafter. Anyway, it’s just a few days old and has already crashed to lifetime lows.
Shred It
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.
My Cousin Vinny
Just to dust off something from last August, I wrote about a red-hot stock, an electric car maker from Vietnam, whose valuation I described thus:
VinFast, has raced up in value to nearly $200 billion. Let me put that fact another way: (1) take the value of General Motors (2) Take the value of Ford (3) Combine them (4) DOUBLE that figure (5) That’s LESS THAN the value of VinFast, which is a new electric car maker from Vietnam. Feeling woozy yet?
It was market manipulation, pure and simple, although it got the world chattering around this Hanoi-based maker of poorly-reviewed vehicles. The stock is down about 95%, which suggests it has about 5% to go.
GME Shelter
Here’s a very typical WSB tale.
Gamestop (a garbage company I’ve had in my Bear Pen for many, many months) was to announce earnings after the close on Tuesday. In anticipation of that, a young “trader” decided to put his entire account into short-dated, way-out-of-the-money calls. He was actually showing a profit on them at the time.
Farewell, Fisker
Remember 2021? I sure do. In fact, 2024 feels a lot like it. Here are a couple of bright investment ideas from back then:
Oh Say, Can You See?
Every morning, I wake up to a weirder world. P. Diddy’s houses are raided, and he flees to the Carribean in his private jet. Nicole Shanahan beats out Jesse Ventura as RFK’s VP pick. And giant container ships are taking out massive, vital bridges.
