>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.
jim.
as a possible point of interest, have you considered ProFunds UltraShort OTC? in essence, by using options and futures, it seeks to provide investment returns that are twice the inverse performance of the NASDAQ 100 Index.
no, i didn't intend this as a joke.
"Investors who anticipate a downward trend in the NASDAQ 100 Index can establish a position that seeks to capture twice the magnitude of any decline. For example, during a 5% decline in the NASDAQ 100 Index, the UltraShort ProFund seeks to produce a 10% gain in the net asset value."
an index fund on steroids if you will.
fwiw, they have similar UltraBull and -Bear funds for the S&P 500.
fair warning: UltraShort just pulled the ol' reverse split:
profunds.com
can you short the UltraShort?
ok, this was a joke.
cheers,
-chris.
full disclosure: i'm a ten-month holder of UltraOTC (double the Naz 100), which was intended as my "conservative" IRA play, but rather frighteningly became a triple. |
