Monday, November 19, 2007

Quicke Trade Update

Quick note that I am long MA ($181.04) and QLD, leveraged long Nasdaq ($99.63) and closed out QID, leveraged short Nasdaq ($40.80). I am using weakness today in anticipation of a bounce based on oversold conditions and the holiday tendencies. I picked MA because it has held up well at the earnings breakout level and has some room to bounce when considering the high.

If we do get the bounce, I will likely add some more short plays in the coming days.

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