Hi Dealer: QQQ versus single issues.... I am staying with playing QQQ.
Since last late fall when I adjusted my plan, that strategy has proven best for me. Play the swings, both puts and calls, stay away from single issues which can get clobbered individually. Granted, after getting slammed, some single issues come back 50-100% in days.
However, with market uncertainty, economy in question, nobody sure about tech or specific sector recovery, I am not going to look at single issues until it is more clear about them, which may be Q4 or into 2002. That's not to say that I absolutely won't play a single issue along the way, as I played JDSU the past few weeks and lost on it due to bad timing on my part, but my focus will be watching the Naz, playing the swings using QQQ options, and trying to take that 20% profit over and over and over again until stinking rich.
Trying to keep it simple.....
RR |
