On a percentage basis, this is my second-best performing short (second only to EZPW). I’m just crazy about this analog. I can see much, much lower prices ahead.
Many of you know that yesterday morning I had two small positions in GDX and GDXJ on the short side. They got instantly stopped out due to an explosive gold rally. However, in the middle of the day, when gold was up nearly $19/ounce, I did a Slope Plus post called How to Handle Miners […]
On the 22nd of December, I gave a heads-up about shorting Micron if it got close to its gap. Specifically, I said I’m going to be watching this, because if it can stay below (or at least not far above) 23.66, it may be a very interesting new short based on its gap closure. So how […]
Abercrombie & Fitch (usually referred to here on Slope as simply “Skank”) has been in a slow burn for a long time. I’m a big fan of retail shorts these days (KATE, PIR WSM, etc.) and this is the absolutely king of the clobbered.
Back on November 2nd, I suggested to my Slope Plus subscribers to “Short the Continent” (that is, sell short the Euro). So far, so good………we’ve got another major break this morning. The trade has thrown off about an 8% profit in a short amount of time, and I think we’re simply going to continue chopping […]
Back on November 2nd, I did a Slope Plus post called Shorting the Continent, in which I suggested shorting the Euro. You can see what’s happened since then: The referendum in Italy, it appears, has lost, which is causing some nasty slippage as I type this on Sunday afternoon: I had thought – – erroneously, […]