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Strategies & Market Trends : Playing the QQQQ with Terry and friends. -- Ignore unavailable to you. Want to Upgrade?


To: Walkingshadow who wrote (939)6/21/2005 8:28:51 AM
From: Stock2006  Read Replies (1) | Respond to of 4814
 
Terry,
Thank you, Your posts are always full of insight, After reading your post I shorted against the box and covered near the low, and sold around 16 now I wanted to go short but I will wait a bit, Institutions hold 88 % of the stock and 10 % is short. So I will short against a hedge, Long 17 1/2 calls and short Stock which will limit my loss to price of the call I am hoping it will drop more then my call price. fundamentally there is window of 4 months to short it, They are in phase 3 of clinical Trial. One thing scare me that the product they are developing is a wonderful product and that will be treating soft tissue Carcinomas, which by the way are most difficult to treat so far. So if it works It will be great service to humanity.
By the way I think QQQQ will try to test 38.20 to 38.60 area in next 4 days.