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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote ()2/8/2000 4:42:00 PM
From: Investor2  Read Replies (4) of 15132
 
I know there has been a lot of talk on this thread about hedging via shorting QQQ, etc. I hope there aren't too many in this position, taken from another SI thread:

"I hate QQQ with a passion. I shorted a parabolic move, up something like 40% in 2 months, double in 12 months, about 100 times earnings. Seemed like a good idea at the time.
Then the damned thing went up another 25 or 30% in another parabola. It flattened out for a while but now is making new highs again.

This is gone beyond absurd - we have put a mania on top of a mania. This isn't some small-cap overhyped stock, this is a diversified index that makes up about 25% of the market cap of the S&P 500.

Am I thinking about covering. Yeah."

Best wishes,

I2
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