SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Boca_PETE who wrote (13981)5/28/2000 2:58:00 PM
From: Justa Werkenstiff  Read Replies (3) of 15132
 
Pete: Re: "Instead of buying QQQ, what are your thoughts about buying UOPIX to get twice the return bang for the invested buck ?"

No problem with the UOPIX IMO. I should add Brinker is not on record at this point for this kind of strategy.

In your position -- looking to buy --- I would shop the QQQs hard during the day. If it looks like we are going to a bad close, hold off on anymore QQQs and go with the UOPIX. Just make sure you find out the latest you can put an order in to get the closing price.

FWIW, May 31st and early June is historically a strong period in the Naz. I have mentioned this seasonality issues previously and they have not made any difference probably because the bear was biting over the past few months. Assuming the market has bottomed short term, perhaps the market will behave more in line with historical norms. Keep this in the back of your mind.

Also keep in the back of your mind that the minimum gain from Naz 3174 is projected to be 20%. IMO, the magnitude of the gain over and above that -- if any -- will be determined in large part by the amount of mania accompanying the rally.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext