POWERSHARES QQQ (QQQ): PLAN TO SELL PARTIAL
Plan is to sell another tranche of PowerShares QQQ (QQQ) on any spike up from here.
August 10, 2011
Plan is to sell another tranche of PowerShares QQQ (QQQ) on any spike up from here.
Our thesis behind buying Penson Worldwide (PNSN) was two fold: Penson Worldwide was drastically undervalued and it was an acquisition target. Penson Worldwide still is drastically undervalued from a long-term perspective. From a very short-term perspective, the blood bath in the stock market has put Penson Worldwide’s earnings
We are exiting a 10% tranche, ( from last night’s buy at $49.64), at $51.97
We are taking partial profits on our short silver futures trade SI right here at $37.65. Equalent on SLV is $36.70.