In for QID

Discussion in 'Stocks' started by ByLoSellHi, May 24, 2007.

  1. Just bought it, just above it's 52 week low.

    I usually only short individual stocks but can't resist the QID.

  2. yesterday this would have been a good play but now its trading on its second white candle which appears overextended compared to the first candle.

    Not a good idea JMHO
  3. It's near it's 52 week low. Only if you believe the Naz will continue its run would you not like this.

    I will hold it through the summer.

    I'm not trading it.

    I'm looking for a index decline on the Naz between now and August.
  4. S2007S


    QID is a nice play on a day like today, it did volume of over 31 million this past week which was a record. Today it could easily close in on 28 million about double its avg volume.

    Also take a look at the Proshare Utility 2x bull today:

    UPW 2:39PM ET 86.82 Down 5.18 Down 5.63% 23,600 Chart, , More