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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (9205)	12/9/1999 10:30:00 AM
From: James Clarke	Read Replies (2) \| Respond to of 78603

QQQ trades just like a stock. You can buy it, you can short it. Ticker is QQQ.

To: jeffbas who wrote (9205)	12/9/1999 2:31:00 PM
From: Madharry	Read Replies (1) \| Respond to of 78603

QQQ emulates nasdaq 100. traded on AMEX. Trust me not a hedge against my stocks which are smaller tech stocks. Many of my stocks were down 10% earlier today. They have recovered somewhat and are now down around 7%. BTW and OT my technical indicators tell me that QQQ has a ways to run. If I were to short anything today it would be Microsoft.

To: jeffbas who wrote (9205)	1/4/2000 4:34:00 PM
From: Bob Rudd	Read Replies (3) \| Respond to of 78603

QQQ Shorted this yesterday on nutty response to higher rates, way overbought, and anecdotal indications that forward PE was way high like 150 to 200. Slightly underwater last night I punched in the numbers and came up with a next year PE of 55 reflecting expected earnings growth of 50%. Now I know that analyst estimates trail off as the year goes on so that 55 PE isn't realistic. But it isn't 150 to 200 my preliminary 'research' [comments on the net] had indicated so I covered this morning with a modest loss. After I covered the Nasdaq fell out of bed. Maybe I should publish a newsletter called the 'Contrary Indicator' with my timing calls <g> R