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Re: wadegarret post# 70099

Friday, 04/13/2007 11:05:46 PM

Friday, April 13, 2007 11:05:46 PM

Post# of 173815
Wade, I think I recall that you said you had 70% of your investment assets in QID about a month ago. QID is down much more than 2.8% since then. If I had negative vibes about the market I would go to mostly money market funds but I would never ever short the market as a whole. As a group we excel at finding undervalued and undiscovered microcaps on this board but there is no way that I believe that any of us are smarter than the market as a whole when it comes to interpolating and extrapolating the gazillions of dollars that move the market in general. Our advantage is that even in a down market the undervalued microcap will still rise as it is discovered and in an up market it will rise even faster.


Buying QID is like betting against the house and that usually never works out, excepting if one gets lucky in the short run. Definitely, not worth the risk, IMO.

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