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Shorted 1000 QQQ at 25
- Thread starter jturner
- Start date
I like EBAY and MIK. I also get daily picks from longbulltrading.com. GS is good too but has a higher price.
If you follow the trend, you don't care where the bottom or top is.
That's what Mutual Funds managers have been saying for the past two years: the market has reached a bottom, it's time to buy.
This is a common fallacy made by many investors/speculators, i.e. "how low can it go? it can't go to zero". First of all, yes it can get pretty darn close to zero (see Enron, Global Crossing, Worldcom, Williams Communication, Kmart, etc.) .Originally posted by csco12358
I think the market is bottoming out. How lower can it go? Prices cant have negative numbers as quotes and most of the dot coms have been delisted. Time to go long.
And secondly, declining stocks approaching zero can and often perform reverse splits, then the decline continues, then reverse split again, pete & repeat.
Other stocks just keep on the steady decline. Look at SUNW- how many people thought "it can't go much lower" when it was at $10, $7, $5, $4, $3.... Why not just hold your short trading the trend?
Originally posted by csco12358
I think the market is bottoming out. How lower can it go? Prices cant have negative numbers as quotes and most of the dot coms have been delisted. Time to go long.
is that your theory??
Theoretically prices can keep getting cut in half and not go to zero.
Ever heard of a reverse stock split?
For a stock, the bottom is 0. Sounds funny but look at the highfliers of the 90s: CORV, AMCC, TERN, VTSS, WCOM.... As far as QQQ is concerned, it will probably exist forever but at what price?