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Strategies & Market Trends : Playing the QQQQ with Terry and friends.

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To: sandintoes who wrote (149)5/18/2005 12:00:57 AM
From: MJ  Read Replies (1) of 4814
 
There are crocodiles also waiting for stocks to collapse from lofty levels. If you are buying at those high levels then the risk is there for a sell off to the crocodiles.

I sold short against the box at the end of the year a few times to protect profit. That worked----I did not want to take the profit in the current year so sold short to take the profit in the next year.

Don't let me confuse you on BEAS or SIRI------if you are in a position to buy some of each ----perhaps some of each. That gives you a 50% chance of being right with at least one of them. Just thinking as I write-----truly don't know.

mj
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