Replies to post #2762 on Invesco QQQ Trust Series 1 (QQQ)

[grow]

oversold SMH bouncing nicely after hours on the update from TXN.

looks like I missed the cheap shares, ie the lowest price I would have ever paid for SMH longs, ie under 26.00

should cause a bounce for the QQQQ as well tomorrow.

Paul makes a valid point about how oversold the QQQQ is.

Whether or not the apparant bounce showing after hours amounts to more than that remains to be seen, ie rsi and macd must improve.

Internet at work had been down for 2 straight days till this afternoon. Nice to see so many familar names here.

Given that AAPL closed at rsi 30 on the daily, Dave may just get a bounce on his new AAPL shares.

[suffolkst]

Nasdaq, Mini-Nasdaq, & S&P futures all up strongly already this morning. Dave should get his money back on the APPL he kept.

[Devoid_Lucci]

rationale as to why you draw such a line in the sand for AAPL right here, and with no protective stop.

Sorry, Roy, my first chance to answer.

You know me. I always use stops. What I was saying yesterday was that I was entering a long term position that I wasn't interested in stopping out of yesterday. So I wasn't placing a tight stop that might take me out. I want to watch the position for a few days, let it bounce around the $150 mark (which I believe will represent support...I might be wrong about that), and then set a stop. But I'll watch with a looser "mental stop" in mind, of course. I'll never lose more than 5% on any entry.

Hope that answers your question.

Dave