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Non-Tech : QQQ - Nasdaq 100 Trust
QQQ 608.40-2.0%Nov 13 4:00 PM EST

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To: hdl who wrote (269)3/9/2000 9:15:00 PM
From: Bill Hardison  Read Replies (2) of 840
 
When I first shorted Q I was looking at it as a hedge on some of my portfolio. In hindsight I'm glad I was looking to hedge only a portion.

The reason for hedging was I hated to sell my longs but was nervous about the market, so shorting gave me the fortitude to stick with my long positions even though I had large gains. Fortunately the longs have gone up much much more than I've lost being short.

At this point on QQQ I'm not thinking its going to revisit the 130's anytime soon, but the real question is how high is it going to go and if there's a correction, where it will go down to. Anyone with psychic ability is welcome to help me out here. Absent that, if someone can just give me a hand removing that stick....
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