Invesco QQQ Trust Series 1 (QQQ): Long WFR for a trade @ 34.77 Just loo...

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Re: pstuartb post# 2722

Tuesday, 09/09/2008 12:35:50 PM

Tuesday, September 09, 2008 12:35:50 PM

Long WFR for a trade @ 34.77

Just looking for an oversold bounce. Very tight stop. The last time WFR popped thru its lower BB, it rallied/consolidated for a month.

Fundamentally this price is silly, of course. WFR's midQ update affirmed guidance while hinting at possible future softness in their growth rate. But the price is 60% off its high of just 5 months ago. At some point here I'll add a longer term position.

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