Rydex Nova/Ursa, Make money in both up and down markets. Message Board

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Strategies & Market Trends : Rydex Nova/Ursa, Make money in both up and down markets.

RYURX 93.84

+0.4%

Jan 7 4:00 PM EST

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To: Raymund W who wrote (156)	9/8/1998 11:24:00 PM
From: Richard Mazzarella	of 195

Raymund, if you are buying, especially for an IRA, Ursa is a way to "short" the S&P. The bogey for Ursa is the inverse of the S&P and Nova is 150% of the S&P. The trading mechanics are to swap between the two based on market direction. Good luck.

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