Tuesday, September 14, 2010

Short term short, again, well if support is thrown under the bus

Laying in wait is better than an overzealous top call....

And see chart below, wouldnt the QID holder wish that was QQQQ, but alas it is not.

however, it was a good short call by Breakpoint Trades....but notice the volume, often 250,000 daily so that is a bit spooky, 5 people holding 5000 shares would control 10% of the daily volume.

That was my comment the other day, these Breakpoint Trades guys come up with great ideas, but for the most part you need to watch them like a hawk.

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Insightful and Useful Comment!