[Placing Stop on Ultrashort QQQ (QID)]
Dear Member:
With the continuing precipitious market drop, the Ultrashort QQQ (QID) position has become quite profitable. I am placing a stop to attempt to preserve profit. My stop to sell is placed at $39.40.
DISCLOSURE: At the time of publication, I own shares of QID.
Sincerely,
Bill Kraft
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