Timing QQQQ

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<table><tr><td>Date </td><td></td><td>Action</td><td></td><td>Price</td><td></td><td>P/L</td><td></tr/><tr><td>FEB 19:</td><td></td><td>SELL</td><td></td><td>@44.35</td><td></td><td> Start</td></tr><tr><td>FEB 22:</td><td> </td><td> BUY</td><td></td><td>@43.46</td><td></td><td>+0.89</td></tr><tr><td>MAR 13:</td><td></td><td> SELL</td><td></td><td>@43.00 </td><td></td><td>(-0.46)</td></tr><tr><td>MAR 19:</td><td></td><td> BUY</td><td></td><td>@42.32 </td><td></td><td>+0.68</td></tr><tr><td>MAR 24:</td><td></td><td> SELL</td><td></td><td>@44.68 </td><td></td><td>+2.36</td></tr><tr><td>MAR 25:</td><td></td><td> BUY</td><td></td><td>@44.82 </td><td></td><td>(-0.14)</td></tr><tr><td>MAR 26:</td><td></td><td> SELL</td><td></td><td>@44.67 </td><td></td><td>(-0.15)</td></tr><tr><td>APR 8:</td><td></td><td> BUY</td><td></td><td>@45.41 </td><td></td><td>(-0.74)</td></tr><tr><td>APR 10:</td><td></td><td> SELL</td><td></td><td>@45.56 </td><td></td><td>+0.15</td></tr><tr><td>APR 14:</td><td></td><td>BUY</td><td></td><td>@44.08</td><td></td><td>+1.48</td></tr><tr><td>APR 16:</td><td></td><td>SELL</td><td></td><td>@45.36</td><td></td><td>+1.28</td></tr><tr><td>APR 18:</td><td></td><td>BUY</td><td></td><td>@46.7</td><td></td><td>(-1.34)</td></tr><tr><td>APR 21:</td><td></td><td>SELL</td><td></td><td>@47.04</td><td></td><td>0.34</td></tr><tr><td>APR 30:</td><td></td><td>BUY</td><td></td><td>@47.2</td><td></td><td>(-0.16)</td></tr><tr><td>APR 30:</td><td></td><td>CLOSE</td><td></td><td>@48.9</td><td></td><td>+1.7</td></tr><tr><td>May 5:</td><td></td><td>BUY</td><td></td><td>@48.63</td><td></td><td>0.0</td></tr><tr><td>May 8:</td><td></td><td>SELL</td><td></td><td>@48.40</td><td></td><td>(-0.23)</td></tr>
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By MADLEN READ, AP Business Writer Sun May 11, 5:18 PM ET

NEW YORK - With millions of stimulus checks going out to taxpayers, Wall Street wants to know where that money will be spent — and this week's data could help investors gauge the mind-set of the average consumer...
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Answer:

Based on the following news, they spent yesterday because they were expecting the rebate checks. Just like 2001, they will pay off credit card. That's why I shorted AXP puts before earnings report.

-Old news:

Consumer borrowing rose in March at the fastest pace in four months; 'Grand Theft Auto IV' reaches more than $500 million in first week
COMPILED FROM WIRE REPORTS
Thursday, May 08, 2008

ECONOMY

Consumer borrowing doubles in March, Fed reports

WASHINGTON — Consumer borrowing rose in March at the fastest pace in four months, more than double the increase of the previous month, in what was seen as a sign of rising economic stress.

The Federal Reserve reported Wednesday that consumers increased their borrowing at an annual rate of 7.2 percent, compared with a 3.1 percent rate of increase in February.

The gain was much larger than economists had been expecting and reflected strong borrowing on credit cards and also in the category that includes auto loans. The increase in consumer debt totaled $15.3 billion at an annual rate in March, much bigger than the $6 billion increase that economists had been expecting.
More...
 
Paying off credit card is good for AXP,MA,V in near term - peak within 3 months. The street will cheer the news in July that card holders pay in time, after that I expect AXP,MA,V will lose at least 1/3 of value as people realize there won't be rebate check any more.

For AXP,MA and V stock holders, let's party I am happy to provide the insurance for you - only to July.
 
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