With ORCL missing the earning, watch QID shoot back up to 54+ in few weeks, no brainer.I am holding my QID for the next few months..LEH and WM are releasing earning soon. One of this companies is going under water due to heavy exposure to sub-prime..Majority of saving and checking accounts are hold by blacks and Hispanics for WM. When recession hits, this group will get hit the hardest. More up side down mortgage means more foreclosure. The only way to make big big money is to long QID, and SKF. SKF is to short the whole financial sectors..I made so much money today..SKF is going back up to 150++.in two weeks..
I hope you are right. I bought at $48.45. I'm in!!
I bought back in this morning as well. Easy 15 percent gain coming up shortly.