Long time reader - first time poster (or at least one of the first).
Gotta say that Astral is one of the best and most determined posters in Yahoo history. I was thinking of holding on to $20 (bought at $13 a year ago) but with you gone it just won't be as much fun dude!
Well, it's possible that we'll see a correction in the qqq's but every time the bears have tried to call a top, they've been smoked. While it's true the market is overbought, I'm not sure the time is right (right now) to short the qqq. We're really in a situation where the market was so oversold (in March) that the public was essentially 100% cash. The institutions were the ones driving the prices up since March for the most part. It's now the public's turn to buy the shares. I don't think many institutions are selling right now because there's still a lot of money that is in cash that could be brought to work any time here. I agree that this bull market will be short lived, but not that short lived. I would be surprised if there's a 20% plus correction this year. Maybe next year. Right now, I'm sticking with my leveraged to the hilt position in S&Ps and speculative turn around plays like NLS. It's done me right so far.NLS, not whatever stock you feel like pumping to unsuspecting NLS message board readers
Current Open Interest Information
Current Call OI: 1,211,985
Current Put OI: 2,091,701
Current Put/Call OI Ratio (SOIR): 1.73
Previous Trading Day Volume Information
Call Volume: 88,341
Put Volume: 233,571
Volume Put/Call Ratio: 2.64