Stock market question

dno

> Hi Boyd,

> I've been a regular watcher of most of the
> financial programs for quite awhile. It's
> been my experience that most people who
> profit off of the 'move', after the
> "expert" mentions the various
> stocks, are those who are already positioned
> in the stock and are eager to sell
> (distribute) to the new buyers who rush in
> after the 'tip'. Of course, investors who
> are in for the long haul are not
> sellers...only those looking for a good
> opportunity to take some profits and
> reposition at a better price once the
> excitement fades.

> Something I am having very good luck with is
> trading QQQ options - calls and/or puts. My
> broker faxes me a daily chart of the Nasdaq
> 100 Index... which the QQQ tracks. I moniter
> the daily numbers which are the support and
> resistance levels with my data feed... and I
> also usually hedge my plays...which has been
> profitable in this often choppy market.

> There have been some nice channels to trade
> up and down in recent weeks... and trading
> the Q's has provided some really good
> opportunities to create some nice weekly
> cash flow if that is of interest to you,
> rather than long-term investing.

> I keep an eye on some of the larger stocks
> in the Nasdaq 100 index, such as Microsoft,
> during the day...which also helps my
> confidence in the direction of my play. It
> has really been a nice way to trade 100
> stocks at once, instead of picking one or
> two stocks that may be looking good...but
> then get hit by a sudden 'downgrade' --or
> other bad news which can quickly turn
> profits in the trade into losses.
> Considerable ones...if you aren't able to
> use a stop loss. The Q's don't move that
> fast, usually...so losses can be minimized
> easier than on some other faster moving
> stocks if the trade moves against you. All
> of this, of course, is JMHO.

> Hope this is helpful to you...
> Best Wishes,
> Amber