QQQ - Nasdaq 100 Trust Message Board

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Non-Tech : QQQ - Nasdaq 100 Trust

QQQ 621.08

-0.1%

Nov 12 4:00 PM EST

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To: Matthew L. Jones who wrote (352)	8/23/2000 3:10:51 PM
From: Cosmo Daisey	of 840

Matt, Any analysis of QQQ MUST include watching the Naz Comp. The Comp and the cubes move together and about 40 comp points is equal to one QQQ point. If you are inclined to day trade the cubes, watch for the opening price. If the market is strong and rising put a limit order in one point below the open. ( The price dips about one point below the open price every up day, around 10 AM )Today you could have bought the cubes @ 94 and written Sept 95 @ 5 for 6% if called or just day traded for 2.5 points. I do both CC and day trades. The CC's give me freedom from the screen and any time I want to day trade I have a system that works. If you get caught in the stock too high you can write two months out and still be ahead. CD

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