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Strategies & Market Trends : Rande Is . . . HOME
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To: KevinThompson who wrote (49475)3/20/2001 4:50:21 PM
From: maverick61  Read Replies (2) of 57584
 
"No where was it a low risk play to be a buyer today. The only buying would have been to catch it in and out, but I don't consider that low risk."

Kevin - well said. Thats why on my post on playing the QQQ's after the rate cut - I noted that its not for anyone without a direct access broker. Their was extremely fast moving action, and data congestion. I felt confident in my ability to hit a bid or ask on the ISLD ecn - and instantly execute - but without direct access, I would never do this.

ANd even with that, buying the QQQ's as a short term dip play was still high risk -

In the 5 minutes after the Fed - I had made 3 round trips going short, going long, going short again before going flat. All were profitable (just scalps - but on a siazable number of shares) but risky and not something I recommend for most
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