Sunday, February 27, 2005

QQQQ on the rise

It looks like QQQQ is on the rise. Big Chart is increasing. The market outlook for the short and medium term is bullish. I will go ahead and buy the bull call spread of $36 (buy) and $36.625 (sell) at $0.55. Profit is 14% (0.625-0.55/0.55). Breakeven is $36.55. I do not expect the price of the stock to fall below $36.55.

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