November 9, 2006
UltraShort Q’s Update
The UltraShort QQQ ETF (QID) had its biggest day ever yesterday. Volume was 3,948,700 shares (around three times the 65-day average volume) and did over 8,000 trades. Impressive. It will be an interesting day when the QQQQ (now $43) and the QID (now $54) cross paths — maybe then TraderMike will begin to like the ‘R’ situation. ;-)
I first featured the QID as an ETF to Watch back in July and then brought it Front and Center in August.
Cat: | Time: 10:59 am (utc+8)
November 9th, 2006 at 9:30 pm
Did I say I didn’t like the risk:reward related to QID before?
November 9th, 2006 at 9:59 pm
Michael: Yeah, you dissed the QID in the comments to one of my earlier posts.
November 9th, 2006 at 10:07 pm
I thought I was pretty neutral towards it. I think all I said was that I didn’t see much of an advantage to it vs. just using the Qs for daytrading. Never said anything about the risk:reward, and especially not on a longer term time frame like in your chart here.
November 9th, 2006 at 10:09 pm
Michael: Those anti-R people have made you pretty touchy. ;-)
November 9th, 2006 at 10:11 pm
I just don’t like being mis-quoted in the press
November 9th, 2006 at 10:14 pm
Michael: OK, I’ll delete the reference to TraderMike in true revisionist fashion. ;-)
November 9th, 2006 at 10:17 pm
I accept all links though… just spell the URL correctly and don’t use “nofollow”. :-)
November 9th, 2006 at 10:20 pm
Michael: I have no idea what “nofollow” is but it doesn’t sound very nice, and my speeling is impekable as you no.
November 9th, 2006 at 10:28 pm
If your haveing trubble wif you’re spelling and/or grammer you should check out dictionary.com. Their is lots of help over they’re.
November 10th, 2006 at 12:56 am
Are you guys going to step outside? ;-)
January 12th, 2007 at 2:36 pm
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