SHort going into the fed meeting

Discussion in 'Trading' started by musicman, Sep 18, 2007.

  1. I may get my ass handed to me a bit but I took a small short position on the QQQQ at 49.02 going into the fed decision. There has been a steady rise over the last week and I think that even if the fed does drop the rate by ½ a point the market will still sell off at some point today. I am hoping for no change or just a ¼ point move which will for sure mark a sell off. Any thoughts ?? I do not want a rate cut , I have to much money sitting in CD’s :-}
  2. i think were gonna get a cut :)

    good luck $$ all or nothign trades are awesome
  3. Savers are punished and risk takers are rewarded.
  4. S2007S


    Should have went with PSQ, no need to short QQQQ when you can trade PSQ instead.

    If there is no change expect these gains to head south in a matter of seconds, could close down over 100+ points.... if there is a 1/4 point cut I think the markets will close .5-1% higher, a 50 Basis points cut and I think the DOW can add on 250+ points.

    I would think a .25 cut is most likely, however they should not cut to begin with.
  5. S2007S


    You better be hoping for .25 because .50 IS NOT HAPPENING.
  6. I see the PSQ is the short way to do the QQQQ . Same effect shorting the QQQQ or buying the PSQ I would think ??
  7. yes
  8. i wouldve bought a couple puts, this is a more of a lotto play
  9. “Savers are punished and risk takers are rewarded.”

    Sad but true . Screw the litte guy to bail out the rest .
  10. QID has better volume.

    #10     Sep 18, 2007