One of the reasons I use the Q is that often they move in sequential tandem (most recently the order is EMLX, QLGC, BRCD, BRCM, GNSS), when my daily indicators say "jump" they are often with ten minutes of an actual lunch tactic bottom (more so when the lows are between 11:15 and 11:45, less so when they are precipitated early due to a gap and crap.) When I am right, I sometimes get them within a quarter of the local low, when I am wrong, I am often forced to take a loss. Many times, I jump in after the turn has happened already (check my most recent jumps in CCMP and KLAC, particularly the string of very minimal gains in KLAC despite some major moves in the stock, and you will see the flaw of your observation <g>), all missing the bottoms by yards.... I think that many here have selective memory and remember only the lucky entries. In the first half of May, without the May 7th lucky stay overnight in the Q, my Q trading results would have been negative (they were a loss of $.18/share for BRCM despite the $2 gain on May 8th, luckily, that overnight stay yielded a big $7 or so for just QLGC and more than $4 for EMLX).
Zeev |
