Timing QQQQ

MAY 5, BUY @48.63
NEW (+1000)

 

MAY 6, BUY
Hold (+1000)

 

MAY 7, BUY
Hold (+1000)

 

MAY 8, SELL @48.40
New (-1000)

 

<table><tr><td>Date </td><td></td><td>Action</td><td></td><td>Price</td><td></td><td>P/L</td><td></tr/><tr><td>FEB 19:</td><td></td><td>SELL</td><td></td><td>@44.35</td><td></td><td> Start</td></tr><tr><td>FEB 22:</td><td> </td><td> BUY</td><td></td><td>@43.46</td><td></td><td>+0.89</td></tr><tr><td>MAR 13:</td><td></td><td> SELL</td><td></td><td>@43.00 </td><td></td><td>(-0.46)</td></tr><tr><td>MAR 19:</td><td></td><td> BUY</td><td></td><td>@42.32 </td><td></td><td>+0.68</td></tr><tr><td>MAR 24:</td><td></td><td> SELL</td><td></td><td>@44.68 </td><td></td><td>+2.36</td></tr><tr><td>MAR 25:</td><td></td><td> BUY</td><td></td><td>@44.82 </td><td></td><td>(-0.14)</td></tr><tr><td>MAR 26:</td><td></td><td> SELL</td><td></td><td>@44.67 </td><td></td><td>(-0.15)</td></tr><tr><td>APR 8:</td><td></td><td> BUY</td><td></td><td>@45.41 </td><td></td><td>(-0.74)</td></tr><tr><td>APR 10:</td><td></td><td> SELL</td><td></td><td>@45.56 </td><td></td><td>+0.15</td></tr><tr><td>APR 14:</td><td></td><td>BUY</td><td></td><td>@44.08</td><td></td><td>+1.48</td></tr><tr><td>APR 16:</td><td></td><td>SELL</td><td></td><td>@45.36</td><td></td><td>+1.28</td></tr><tr><td>APR 18:</td><td></td><td>BUY</td><td></td><td>@46.7</td><td></td><td>(-1.34)</td></tr><tr><td>APR 21:</td><td></td><td>SELL</td><td></td><td>@47.04</td><td></td><td>0.34</td></tr><tr><td>APR 30:</td><td></td><td>BUY</td><td></td><td>@47.2</td><td></td><td>(-0.16)</td></tr><tr><td>APR 30:</td><td></td><td>CLOSE</td><td></td><td>@48.9</td><td></td><td>+1.7</td></tr><tr><td>May 5:</td><td></td><td>BUY</td><td></td><td>@48.63</td><td></td><td>0.0</td></tr><tr><td>May 8:</td><td></td><td>SELL</td><td></td><td>@48.40</td><td></td><td>(-0.23)</td></tr>
</table>

 

MAY 9, SELL
Hold (-1000)

 

Answer:

Based on the following news, they spent yesterday because they were expecting the rebate checks. Just like 2001, they will pay off credit card. That's why I shorted AXP puts before earnings report.

-Old news:

 

Paying off credit card is good for AXP,MA,V in near term - peak within 3 months. The street will cheer the news in July that card holders pay in time, after that I expect AXP,MA,V will lose at least 1/3 of value as people realize there won't be rebate check any more.

For AXP,MA and V stock holders, let's party I am happy to provide the insurance for you - only to July.

 

MAY 12, SELL
Hold (-1000)

 

MAY 13, SELL
Hold (-1000)