Perhaps not to sell. It might be wise to look at the calls for QID. I have the mar 52 calls and mar 51 puts expiring tomorrow. I expect to buy back the calls for small profit as the puts expier worthless. I may write the Apr53 puts and the apr54 calls at that time.
We shall see.
Thanks for the help. I'm still confused....
What I see is just a daily crap-shoot with the huge moves either way. When can you spot the low today that doesn't continue tomorrow, just to reverse at the end of the day from manipulation? I've kept my powder dry for so long it's rock hard (the only thing that gets that way anymore).....
I'll keep watching and reading. Thanks again, Doug
Right on Peet. Everybody utilizes the blackberry technology via business, now the IPHONE is aiming for share of voice in that arena.
Looks to me that AAPL and RIMM won't be growing, may have trouble maintaining.
What did you get in at Peet, if you don't mind my askin'?
What will quadruple witching do to QID?
I smell a sell off this pm and tomorrow prior to the week-end.
No trading Friday, right?
BTW, windtaken I am selling above 54; order is in!
Good luck to all.
I have a little different style than most on this board, as I don't try to time every minute by minute action of QID. My core position was bought under $40. I trade a little in an IRA (hate paying taxes).
I play trends, and the trend is still down, as it did not change because the fed pulled a few tricks out of its hat.
It seems the market has stalled, after a bear market rally yesterday (could the buyers be exhausted already?). The DJIA has met heavy resistance at its 10 week line. The Nasdaq is still the laggard in this market, and has about 75 points upside at most before it is met with heavy resistance.
In regards to Quadruple Witching, I have no idea as to what that will mean for the markets. I will say that QID is a buy at the $51 level. The selling will probably continue next week, and I suspect QID will trade at $55-$56 again!
Looking at a longer term view, I see QID trending higher this summer...