Playing the QQQQ with Terry and friends. Message Board

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

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To: Walkingshadow who wrote (581)	6/3/2005 12:49:09 AM
From: stock2005	Read Replies (1) of 4814

Terry, I went short with all I could, short calls, short stock, I think QQQQ could go up to 39 but it will reverse fast, I think today was the high for current move. I will give it two weeks if I am wrong then I will scale back, and will take my lump, we all may be right but as a trader, we need to make money. Short-term traders mostly trade QQQQ so decline will not be more then 36.80, JMHOP. I need your opinion on this, if I hedge my position against long July calls which obviously limit my loss in case I am wrong "(By the way I was wrong many time and I will be in future also' I have no doubt about that)”, but will they be able to recover some value in that time frame?

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