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Wednesday
Dec052012

Verifone Spread Gaining Momentum

DateWednesday, December 5, 2012 at 8:03AM | by AuthorMichael Bigger | CommentPost a Comment
I think if this 5 * QQQ - 7 * PAY $spread, which is currently trading at $106, trades below $100, we should have the momentum in place to push it down to its average of $70 or much lower. If you look at the chart of QQQ vs PAY (graph at the bottom of the image located below), you can see how much potential energy is embedded in the spread. We are short this $spread.
 
Makes sense? Click here to view this spread in the Spread Analyzer.
 

Written by Michael Bigger. Follow me on Twitter and StockTwits. 

 
 

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