I just bought September puts on this money-losing $47 billion beast, which just closed its price gap:
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.
A few days ago, based on some long-term ratio charts, I fell back in love with gold. As a short-term trade, I am long GDX July 2 calls. My belief is that we have a good chance of pushing back toward this price gap with gold……..(more…)
My crypto obsession, I think it should be said, is forgivable given the state of equities. I mean, take something like the semiconductor index. This is a dynamic, exciting, volatile industry. And yet, over a period of over four months, what is its net change? Zero. Zilch. Zippo. It’s the SOX, for goodness.’ sake.(more…)
Normally I would be completely ticked off at yet another day of stocks-all-green, but these frustrations are negated by my delight at how my crypto accounts are doing. All the same, my desire for equities to burst into a horrible firestorm remains unabated. I am mindful of several important price gaps. Specifically, on the Dow Composite:(more…)