Shorted 1000 QQQ at 25

I agree that the bottom hasn't been reached. But I don;t think it's worth shorting. There is much more potential going long.

 

If you think the bottom isnt reached, why dont you sell short and make money?

 

He's afraid of a short squeeze.

 

Not only a short squeeze but a trend reversal. Selling short near the bottom isn't a smart thing to do.

 

No one knows where the bottom is. So don't be afraid of short selling.

 

Still has a long way to go. Japan was booming too fast with chips and electronics and see what happened? The same thing happened with the dotcoms in our country.

 

I bought PALM and LU. Will buy QQQ as well.

 

I got to litwicks.com but it doesn't seem to be a trading site.

 

There are stocks with much more potential than PALM ready to break out. Let me check and let you know. Didnt know there were long term investors on this board. Will PM you.

 

There are so much uncertainties right now. Stick to daytrades and swing trades. It's safer. There is no guarantee that the one dollar stocks will survive. Trust me. Bought tons of ITWO and CMGI when they fall to 5. I consider that money gone and now do strictly daytrades. You will get that feeling of well being at the end of the day. No worry about bad news. Management can lie as much as they want and you dont have to care about it.