Update: ABAT, QID
Posted on June 10th, 2008 in Stock Market |
I got stopped out of ABAT at 3.73 and the low of the day was 3.72. Volume was low so this may bounce higher but I’ll watch for now.
QQQQ looks weak and wants to retest $41. I will buy the QID (2x short of QQQQ) at around $39.50. My first target is $44, then up to $48. Stop at 38.70.
Look at the daily QQQQ which look weak.
QID is now showing strength.
One Response
Thanks so much for the tip. I just started to look at GS and QQQQ.
I was also thinking what about shorting C? Their earning is about to come out next month, and from what happen with WM, it might be similar? What do you think?