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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Follies who wrote (14112)6/1/2000 1:33:00 AM
From: Alan Bell  Read Replies (3) of 15132
 
Dale,

The two alternative strategies I was faced with in January was to buy USPIX or sell short twice as much QQQ. This was to hedge a long position in tech heavy stocks and funds.

As a simple example of underperformance, consider the purchase on Jan 13 of either USPIX or selling short 2x QQQ. And then selling both on May 16.

1/13 QQQ=$91.25 USPIX=$45.95
5/16 QQQ=$90.82 USPIX=$33.32

QQQ gain = 0.5%
USPIX loss = 28.5%

-- Alan
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