So I've been tweeting how OB we are for a couple days but the hammer hasn't come yet. I don't even think it comes today so I actually bought some $QQQ this morning when we were down and I am already showing profit. I'll be selling out of them a day end and will be in about 70% cash. I've lightened up on all my longs since I think I can buy them back cheaper in a few days. I still have my $EDZ and $VXX which I'll add to them if we rally hard. Many stocks are cheap but they could be cheaper. We've come up pretty fast from 1074 and we need a breather.
This is not a recommendation to buy or sell any securities. DAK was long QQQ, EDZ and VXX at time of publication but positions can change at anytime.
No comments:
Post a Comment