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Strategies & Market Trends : TIMING INDEX MUTUAL FUNDS
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To: donald sew who wrote (90)2/8/2000 6:30:00 PM
From: yu   of 428
 

>>>Per our trading account we also have a USPIX postion which is >>>losing but
>>>fortunately we have it partially hedged yesterday with an UOPIX >>>position
>>>which will minimize our losses.

Don,

I wonder why did not you just reduce the size of USPIX.
Having both USPIX and UOPIX is well, interesting.
Does not one cancel the other? It is almost like having
both long and short positions on QQQ.

yu
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