Anyone else long QID?

[einai]

I've been quietly riding this down for the past few days, trying to figure out whether to cash out or stay in for the longer haul.

I'm incredibly bearish on this market but I'm worried about a sudden oil-driven rally.

Any thoughts are, always, appreciated.

DH

 

[USAtrader]

Yes, QID and SDS. Nobody wanted these when they were bottoming a week or so ago.

 

[einai]

Any idea why the naz is showing such resilience? Thought it was AAPL, but that wasn't the problem yesterday.

D

 

[xflat2186]

pretty easy to say that nowLOL

 

[einai]

something snapped, that's for sure

 

[S2007S]

haha I was long this at 37.95 and sold it for a tiny profit at $38.50 only to see it run up $2.00 in the last 3 days....




Im waiting patiently for something under $38.50 to get back in....

 

[S2007S]

sold QID mid week as of today now long AMR, GM and UYG.

 

[Landis82]

Quote from S2007S:

sold QID mid week as of today now long AMR, GM and UYG.

Some super "strong" chart patterns you got there . . .
New lows (AMR), New lows (GM), New weekly lows (UYG).

It's obvious you aren't a "technician".

 

[MrDODGE]

Long QID as a hedge

 

[S2007S]

Quote from Landis82:

Some super "strong" chart patterns you got there . . .
New lows (AMR), New lows (GM), New weekly lows (UYG).

It's obvious you aren't a "technician".

I have bought and sold AMR twice for a profit, everytime you think technicals, you get it wrong, I remember what you said about SMN when I sold it around 33 and change you said it was going higher it went up another buck and change and dropped to the upper 20's where I bought again and sold within a week for a gain.

I sold AMR

still long GM and UYG,

I had the opportunity to sell UYG this morning for about a $1.00 profit and didnt, dont care though because UYG moves quick. Will be buying more UYG on the way down, pays a nice 4% DIV as well. UYG will be back in the low to mid 30's.



SOLD MY AMR this morning at $7.30 bought at $6.27