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Pastimes : All Clowns Must Be Destroyed
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To: Bald Man from Mars who wrote (15918)3/9/2000 5:23:00 PM
From: Zach E.  Read Replies (1) of 42523
 
since it moves twice as much as Nas100, it is like shorting 30K

Well, that's only partially right, since if the NAZ doubles again and you just shorted 30K of the index with "full margin", you would owe 30K (or be down 60K from the original investment). With the mutual fund, you are only out 15K max no matter how many times the NAZ multiplies (small comfort, I am sure).

Zach
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