The QQQQ (old QQQ), also known as the "Cubes", is
what is known as an exchange-traded fund. An ETF tracks a major
stock index, but it can be easily traded just like a stock. The
QQQQ (old QQQ) track the NASDAQ 100 index, which contains the biggest and
most important stocks of the NASDAQ Composite Index. Buying a
share of the QQQQ (old QQQ) ETF is just like buying tiny fractions of 100
NASDAQ companies including Microsoft, Intel, Cisco, Dell, Amgen,
etc.
Because popular speculator sentiment yearns for
the euphoric NASDAQ bubble days to return, because the QQQQ (old
QQQ) are
the most traded financial instruments on Earth, and because the
QQQQ (old QQQ) are incredibly volatile, they have become the perfect vehicle
for naked speculation.
For QQQQ (old QQQ) traders, it doesn't matter if the NASDAQ
and QQQQ (old QQQ) go up or down, all that matters is that they are
The QQQQ (old QQQ) speculator doesn't care at all
whether the NASDAQ soars or collapses, only that he makes the
right bet on what will happen in the near future.
Trading the QQQQ (old QQQ) options is not for everyone,
as fortunes are made and lost daily, but they are perfect for
speculators who can fully understand
and handle the immense risks.
