Betting on the NASDAQ

Tech is getting hit hard: everyone is down on Google’s IPO, it’s August, terroism fears, and Yahoo’s earnings got them spanked. OK, I’ll bite just bought 300 shares of the NASDAQ 100 Index QQQ at $32.80. I think there will be a nice bounce after the election, Holiday spending and the year-end IT spending.

Also, I like buying when everyone else is depressed and on vacation. 🙂

Note: This is not advice, I’m not telling anyone to do anything I’m just telling you about what I’m doing/thinking. If you’re an investor don’t just copy what I do, go think about things and figure it out for yourself. Heck, you could even hire someone to work on this for you.

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