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shorting the qqqq's

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#1 S.I.M.O.N.



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Posted 28 December 2006 - 12:07 PM

is the new hip thing to do, i guess, too bad i'm such a sQuare... :lol:
Highest short interest this year and just in time for managers shifting back into tech growth... :bear: :bones:
interestingly lowest short int was around may15th, just when the q's took a big dump... :wacko:
*previously known as pnfwave

#2 dcengr



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Posted 28 December 2006 - 12:23 PM

You should look at SPY and DIA.
Qui custodiet ipsos custodes?

#3 kaiser soze

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Posted 28 December 2006 - 12:36 PM

To pnf's point, the high relative short interest on the Qs may suggest that tech will hold up better than the rest of the market if there is a correction ? Besides Qs suffered almost a 5 % correction already from peak to trough. One more thing. Qs exhibit tightest correlation to GDP (according to several studies) and are less interest rate sensitve. Todays's economic data says economy is okay and likely to get better. If TNX rises and stocks correct in response, again SPY and DIA will probably feel the heat more.

Edited by kaiser soze, 28 December 2006 - 12:40 PM.

#4 kaiser soze

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Posted 28 December 2006 - 01:23 PM

I did some quick calculations. QID net assets work out to about 30 million QQQQ shares short. But I am pretty sure this is not part of the 190 million QQQQ shares short because the Proshares website makes it clear that QID assets are managed by shorting the individual stock components of QQQQ. If this is correct, that brings effective QQQQ short interest to atleast 220 million shares.

Edited by kaiser soze, 28 December 2006 - 01:23 PM.

#5 Vector



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Posted 28 December 2006 - 08:13 PM

its funny how everyone is still short and bearish I guess that's what causes huge never ending rallies. 2007 looks bright indeed as the buildup of short poositions in mid 2006 still hasn't burned off. anyone who wants the market to go down either missed the last bottom(s) or bought the 80-90's bull around 1999/2000 and is looking for revenge. They're not going to get it. :redbull: :redbull: :redbull:

Edited by Vector, 28 December 2006 - 08:15 PM.