Richard Croft ProSh Ultrashort QQQ E.T.F. QID-N DON'T BUY Jul 11, 2007

A double short on the NASDAQ. It performs twice what the NASDAQ would do on the down side. Doesn't think the NASDAQ is going down.

Richard Croft

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If you believe the market is weakening it's a good hedge, but he wouldn't have it on right now.

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A double short on the triple Q. He uses the QID calls (a proxy of the NASDAQ) as a cheap insurance proxy against a fall in the market.

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Using this in his portfolios as a bit of insurance hedge against his small cap stocks that he doesn't want to sell into this market. Doesn't think we are fully out of the woods yet.

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Richard Croft ProSh Ultrashort QQQ E.T.F. QID-N DON'T BUY Jul 11, 2007

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