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Close end exchange traded fund
View All Commentary (QID)
Recs
12bagger (66.16) Submitted: 6/10/08 8:06 PM : Start Price: $39.91 QID Score: 17.15
On 5/22/08, when Investor's Business Daily switched from positive to negative in the "Big Picture" column, I closed my underperform pick on QID and opened this outperform pick. At the time, the Nasdaq Comp was about 2450. This is an ongoing test of IDB's market timing, using the QID as a surrogate (on steroids!) for the reverse of the market's general movement. I'll close this pick when IBD's position changes back to an unequivocal positive.
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