While QID is also near 52 weeks low. Why? It should be double short, right?
What gives this am? QQQ strong and AAPL down. When was last time this happened?
AAPL is now only 10% of the NDX100. It use to be 20% before the rebalancing. So now AAPL has a smaller impact on QID.
you keep forgetting I am the one who control the share price of QID. I have taking the price of QID up today
One year ago SPY was @114 range same today. And QID was @70+ range. Now SPY is @114 QID @50. QID Lost 30% of its value. The reason I think is Aapl. Aapl is to huge tobe in the NAZ. It should be be in the DOW.
I see QID under 40 if Aapl goes to 500, eventhough other 500 companies loose the value.
Aaple just added 100B to its walue in three months. 100b is enough to safe the Greece.
It pathetic Aaple has more cash than the FED. It is seems unreal. But it is the reality.
because QID loses value when held more than one day when correlating it to QQQ, you will automatically lose money holding QID over period of time even if the QQQ go down in price
The reason is I contol the share price.
Because Aapl is near 52 high, that is why QID near 52 weeks low. Aapl is 400b powerhouse.