Howard Sutton ProSh Ultrashort QQQ E.T.F. QID-N TOP PICK Jun 17, 2008

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.

Howard Sutton

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DON'T BUY

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

DON'T BUY

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.

TOP PICK

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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Howard Sutton ProSh Ultrashort QQQ E.T.F. QID-N TOP PICK Jun 17, 2008

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