There is room for gains in the ProShares UltraShort QQQ (QID)
Stockmasters, reposting this article from October 1st, however the QID is still super low, something to think about. Talk about an oversold ETF. In the face of the best quarter on Wall Street since '98, shares of the ProShares UltraShort QQQ (ETF) (NYSE:QID) have fallen to a 52-week low in the low $20's.
(Oct 1st) If today's correction continues, investors could literally cash in on the QID. I may be being a "Debbie Downer" or "Negative Nancy", but I know I'm not the only one who thinks that 2009 gains are unsustainable.
(Originally Posted on Oct 1st, 2009) One of the best ways to know if the market is topping and ready for a correction or a crash is when your list of stocks to short starts growing longer than your buy list. When your long list is getting longer and your short list is getting shorter, look out above.
Fellow Masters, here are the facts:Since 11 of the last 12 autumns resulted in significant market declines and even several crashes, none of us should be surprised if we soon have another big fall sometime this fall.
There is a lot of upside potential in the QID right now, and not a lot of downside. Get in while shares are still in the $20 range.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Dr. Gary Small on "The Alzheimer's Prevention Program" | Financial Sense
- Gold & EUR Drop After ECB's Coeure Counters Weidmann's Warnings | ZeroHedge
- Mapping Recent "Incidents" Between Russia And NATO | ZeroHedge
- The U.S. Shale Breakeven Price Debate | Financial Sense
- The Tragedy Of Propping Up The Matrix Of Lies | ZeroHedge
- "We Fired Some Folks..." President Obama Discusses Chuck Hagel's Resignation - Live Feed | ZeroHedge
- Who’s Ready For $30 Oil? | ZeroHedge
The most relevant financial news and articles from the Internets
- Amazon's Hit Man | BusinessWeek
- Slack, The Popular App That Aims To Replace... | Business Insider
- 15 Surprising Foods That Americans Like to Eat on Thanksgiving | TheStreet.com
- Starz May Finally Be Sold in Yet Another Killer Deal for John Malone | TheStreet.com
- A Startup Figured Out How To Print Light Just Like Paper — And It Looks... | Business Insider
- ROBERT SHILLER: This Is What Finance Actually Is | Business Insider
- Google Is Closing Its Google Glass Stores — Here's What They Looked... | Business Insider