Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (62911)	11/21/2000 12:19:16 AM
From: Doug Clapp	Read Replies (3) \| Respond to of 99985

Hi LG and all... I used to be a frequent poster here, but haven't posted in many many months. I will tell you why. I found a method that works for me, and has worked for many many months...since late in 1999, as I remember. I will share it with you all. But first the premise: In the giddy mania days, the NASDAQ made a very stupid decision. They created QQQ and filled it with happy stupid stocks with stupid valuations. So I did this: I shorted lots of QQQ and balanced that with an equal dollar amount of "longs" in the QQQ that I felt were reasonable "real companies" with reasonable (well, sorta, anyway) valuations. i.e.: no Yahoo, etc.; no silly PE's. I've had that position for many months and it makes money (very good money, too!) most everyday. I present this to you for your consideration. Thanks again, LG...though I haven't said it in a long time...for a great thread! best, doug