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Expecting a 3pm "Stick Save" with a call play on the QQQQ

|Includes: GOOG, MSFT, PowerShares QQQ Trust ETF (QQQ), TLRD
From PSW Member Chat:



Phil
- June 7th, 2010 at 2:49 pm |

Hiring/Fizz - Clearly things are improving.  The problem is if things aren’t ALL BETTER instantly, the media considers it a failure , as does a population raised on expecting people to wave magic wands and away go all our troulbes by the end of a 30-minute show… 

GOOG/Iflan - War with MSFT can get expensive.  If they do go lower I will like them more. 

MW/David - I like them.  They do well when people are job hunting and need cheap suits.

Setting up for 3pm stick with volume only 113m at 2:44 (after a good start this morning).  Maybe the Consumer Credit data gives us a lift…. 

RIMM right on the 5% line so I like the Qs here at $44.50 to hold this line and the $45 calls are .75 with a stop if they lose a dime.



Disclosure: Positions as indicated but subject to change