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.
Why I Shorted Tesla
I first offered up the insane idea of shorting Tesla back on September 15th, then I followed up with the same notion on September 22. My reasons were simple: (a) their persistent delays in rolling out the Model X were pissing off their most loyal devotees, like yours truly; (b) failed bullish breakout, shown in yellow below; (c) affirmation on the failure with a trendline break and retest, highlighted in magenta. It all added up to a great reason to short the stock and go long the put options, both of which have paid off nicely. Elon, you really should focus on getting the X out the door before you start monkeying around with new models that aren’t that important to people!
Best. Day. Ever.
Well, after yesterday’s (absolutely ridiculous and pointless) rally, it was certainly delightful to see the Dow get crushed by a third of a thousand points. Deeeeeeeeeeelicious! I’m going to lay down for a bit and recover from a very frenetic day, but congratulations bears, one and all!
Energetic Success
UNRELATED NOTE: I did a podcast interview last week which you can listen to here. The sound quality isn’t so hot (this was over the phone), but if you just can’t get enough of me yammering on about bubbles, you can enjoy it!
One of the ironies of “good times” like these (that is, when the market just keeps melting, in spite of the enfeebled efforts of the you-know-who crowd) I don’t have much in the way of ideas or suggestions. My “ideas” are essentially: (more…)
Social Toldjaso
I mentioned the social media ETF (symbol SOCL) being a good short based on its Fibonacci retracement. Yep. See, this chart stuff actually does work from time to time.
