Friday, June 26, 2009

A great looking Long Double Short QID

I feel real confortable in this Long position on QID.

QID is the double short on the QQQQ. Per other readers, it has a good expense ratio for buying leverage, limited theta burn. So you could keep it past a swing trade. My current thinking is we get a week or 3 of whipsaw, so take profits relentlessly.

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Insightful and Useful Comment!