Invesco QQQ Trust Series 1 (QQQ)

[Devoid_Lucci]

Roy, didn't mean to distract your trading with my QQQQ vs NDX message.

Please feel free to ignore me any time.

Nor did I mean to imply that you are not successfully trading this etf day in and day out. You certainly are.

Let me try one more time and then I'll shut up. In the simplest terms, when I look at QQQQ and its trading volume on a chart, I have to remind myself that I am seeing only 10% of what's moving my etf price. That is, the buying and selling of my etf itself. 90% of the influence on my etf price is outside of what I am looking at. It is in the trading of INTC, CSCO, MSFT, AAPL, etc.

When I look at my chart of AAPL, otoh, I am truly seeing 90% of what is affecting its price...the actual trading in AAPL. Whereas 10% of the force is unseen to me...the trading in QQQQ.

In the end, you're probably right. I just don't matter. A purely academic point.

Have a good day!

Dave