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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Rich1 who wrote (7623)4/30/2000 6:48:00 PM
From: Tigress  Read Replies (1) of 9427
 
Well, the two which had a similar downside Beta to the NAZ decline were the BDH (down 39%) & IAH (down 37%). So with a tax rate of of 28-33% only the BDH & IAH might be worthy of a buy & hold strategy in a taxable account, IMO.

The other Holdrs (incl the QQQ & the new SMH) should probably be traded.

Otherwise, the 8 foot Easter Bunny might visit with carmels, leave gapping cavities and disappoint all in its path during any future NAZ hurricanes or tornados.

I think the large caps minimized the downside slide in the BDH & IAH - this time at least. Next time is TBD.

My analysis, did not incl the PPH (Drugs) or TTH (Telephone) due to time constraints, but I believe their Beta was significantly less than the NAZ (the PPH might have lost +/- 25%).

On the upside after this NAZ crash, the IIH & BHH had the larger percentage increases, but the worst declines during the crash. It stands to reason as the majority of underlying stocks are classified as Internets.

I found it extraordinarily interesting however, that it did NOT matter if the majority of underlying stocks were on RS Sells or not. The U/L stocks + the Holdr popularity = Momo.

Tig

P.S. So sorry to hear about Mac. I own 2 (tiger-striped) cats, and can understand your dilemna. Feel the pain, but know that you might have saved someone from being maimed in the future.
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