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Shorting the shorts!
http://caps.fool.com/Blogs/ViewPost.aspx?bpid=26483&t=01006356876738124895
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PSQ has a too low valuation compared to the weakness of the Nasdaq-100 Index with a too high P/E (16) and a too low yield (0.67%).
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The market should see a pullback through the election.
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Same as others
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I wouldn't try this with *real* money!!
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I'm "all in" betting on a correction sometime over the next 2 Quarters.
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Stocks go up.
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short nasdaq.
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Technology and biotech stocks are looking a little pricey to me right now.
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Testing a theory here with this account, shorting all short ProShares for starters.
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Fading every pick made by Ultralong
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proshares
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etf short
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Short QQQ
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bad for stocks is the housing mess.
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shorting the shorts
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S&P at resistance at 1395 will pull back. I'm calling a temporary top today in the S&P at 1395 (yes I know I'll look like an idiot if I'm wrong but that hasn't stopped me before) It's 2:13 PM we'll see.
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PSQ is an inverse ETF: "The Short QQQ seeks daily investment results, before fees and expenses, that correspond to the inverse (opposite) of the daily performance of the NASDAQ-100 Index."
The NASDAQ-100 has a lot of economically senistive stocks. This is a bearish US economy bet. It goes up when almost everything else goes down; so everyday something is up in my portfolio.
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Nasdaq goes down 10% my PSQ goes up 10%. Nasdaq is and will be going down. Especially if the bond market insurers MBIA and AMBAC tank.
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