[Opening Position in ProShares UltraShort QQQ ETF (QID)]
Dear Member:
The Nasdaq 100 are dropping some more and the ProShares UltraShort QQQ ETF (QID) that are designed to move twice the opposite of the daily performance of the Nasdaq 100 index have moved up and remained above a new support level. I am placing an order to buy shares of QID at a limit of $57.15.
DISCLOSURE: At the time of publication, I do own shares of QID.
Sincerely,
Bill Kraft
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