The cubes: QQQQ
Regular readers know that I enjoy mountain hiking every week. There is no better way to improve your health than hiking in the mountains. Today, along with my hiking group, we went to a place called "Mohonk Reservation" in New York. A beautiful 100 year old hotel & restaurant in the middle of mountains. The view was spectacular! Some areas of mountains looked like it was on fire! The color of the leaves ranged from light yellow to deep fire reds. I sincerely hope that you can enjoy these kinds of beauty too. Soon, most of the leaves will fall to the ground, providing much needed nutrients for the trees, the cycle of life will begin once again.
Most investors look at various indices to gauge the health of the market. The Dow30 / SP500 / Nasdaq composit / Wilshire 5000 are some of the most widely followed indexes people look at. Of course I, too, look at all of them as well but do you know which index I follow most closely? It is no secret that I follow the "Cubes" (QQQQ) very closely. The cubes are consist of the top 100 Nasdaq stocks in one basket. How convenient? Basically, these are the companies that will transform the future of our lives. Allow me to name the top 10 of these guys for you:
Microsoft / Qualcomm / Apple / Google / Cisco / Starbucks / Intel / Amgen / Oracle / Comcast
All of above companies are the kinds that we all wish to own if money was no object. Actually, you can own all of them by simply owning the cubes. Where am I going with this? The big picture: QQQQ is an excellent long term investment - it will usually lead the market on the upside as well as the downside. The small picture (next few days or weeks): Cubes look to be extended, pricy, too much too soon.
Traders: I have established a short position in NDAQ at $37.4 8/share.
P.S: Hold on to all of the stocks in the Acetraders portfolio. I will let you know if any one of them is a sell candidate. Try to be patient with our investments. Step back and ask yourself "How long have I had them?" and "Am I giving this investment a fair chance to perform?" I personally do not like to sell unless the business plan has changed. Be patient.
Most investors look at various indices to gauge the health of the market. The Dow30 / SP500 / Nasdaq composit / Wilshire 5000 are some of the most widely followed indexes people look at. Of course I, too, look at all of them as well but do you know which index I follow most closely? It is no secret that I follow the "Cubes" (QQQQ) very closely. The cubes are consist of the top 100 Nasdaq stocks in one basket. How convenient? Basically, these are the companies that will transform the future of our lives. Allow me to name the top 10 of these guys for you:
Microsoft / Qualcomm / Apple / Google / Cisco / Starbucks / Intel / Amgen / Oracle / Comcast
All of above companies are the kinds that we all wish to own if money was no object. Actually, you can own all of them by simply owning the cubes. Where am I going with this? The big picture: QQQQ is an excellent long term investment - it will usually lead the market on the upside as well as the downside. The small picture (next few days or weeks): Cubes look to be extended, pricy, too much too soon.
Traders: I have established a short position in NDAQ at $37.4 8/share.
P.S: Hold on to all of the stocks in the Acetraders portfolio. I will let you know if any one of them is a sell candidate. Try to be patient with our investments. Step back and ask yourself "How long have I had them?" and "Am I giving this investment a fair chance to perform?" I personally do not like to sell unless the business plan has changed. Be patient.
posted by Jaewoo | 11:14 PM
3 Comments:
Any idea why UTK dropped like a rock today (down 26% at this point)? I cant find any negative news about UTK in the news feeds.
-Jo
I have followed your blog for a few months. Very informative. What do you think about today's Utek drop? Is this an over reaction or real due to the ShareSleuth article. TIA.
Michael
see updates on the blog.
Post a Comment
<< Home