Jim's Nasdaq100 Special as a basket. Message Board

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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.

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To: Compadre who wrote (866)	6/9/1999 9:23:00 PM
From: James F. Hopkins	Read Replies (1) of 2103

Jaime; & ALL , I'v decided these Pro-Funds on the NDX are not worth the hassle. techstocks.com While I'm still in the USPIX I intend to lock her off tomorrow and unwind. ( that may not happen if we have another Up day and no dips..but the first good dip day I'll get out of her ) --------------- Trading the QQQ is work enough , and when I use my spare money to lock off the FUNDs, it defeats day trading to some extent. Well most of it, Today I went long qqq at the open.. then sold , then shorted, then covered ; then shorted again just before the close. All the trades just did offset the down side of the USPIX, With out being in the FUND , then I would have had a fair daytrading day. Last week when in the UOPIX while I came out ahead but it was a hassle to do it, and feel I could have done just as good with the QQQ and with less trouble. ----------------- Jim PS BTW the QQQ hasn't really done squat ( on a buy and hold style ) if you take in the picture from it's start up. I think it's Time to buy bonds , and just play this daytrading on margin, margin rates cost me nothing if I'm in and out the same day.

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