It’s happening……..
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.
Decamp
Two weeks ago I suggested American Outdoors (AOBC) as a short. Looks like a winner! I’ve tightened my stop up to 6.95 and am sitting tight. Another victory for SlopeCharts.
Legends of the Fall
What a superb day. We were all worked up about Powell, but Powell didn’t mean dick. It’s all about China again. And as delighted as I am that bulls are losing money, we must keep in mind that this is still a series of higher lows. We must break the prior low to get some real action going.
Kicked in the DX
My big winner this morning is DXC Technology. I’ve gone ahead and covered it for a great profit, although knowing me the damn thing will just keep plunging. Anyhow, it lost a third of its value instantly this morning.
The Roof Blows Off
Remember our old friend Beacon Roofing? I first started talking about this chap when it burst above its uptrend late in 2017. I think there was a lot of chatter about hurricanes, and people seemed to reach the conclusion that everyone would need a new roof. Since this hurricane-fueled mania, this sucker has been grinding lower, and I was delighted to see it plunged 20% this morning. Here is BECN:
