Ultra OTC Fund - UOPIX Message Board

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Strategies & Market Trends : Ultra OTC Fund - UOPIX

UOPIX 132.30

-4.7%

Nov 20 4:00 PM EST

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To: Todd Reichardt who wrote (797)	11/5/2000 2:16:44 PM
From: bob wallace	Read Replies (1) of 2063

ok now I followed up from 5/1 when the market started to decline in earnst, and instead of taking cash profits in the following trades, each sell was for the same amount as the buy, thus taking profits in shares and not cash... end result was that by 6/9 I had 750 shares at an average price of 82.50, compared to 406 shares at an average price of 133 on 5/1 - at that point the account was up 35%, meaning that the account had a 4% gain during the period that the UOPIX declined from 91 to 82.50 what to do with the now cheaper shares is up for grabs, a person scared by the big decline might be inclined to sell at a modest profit and start again... of course the optimist would keep the shares for the next big parabolic rise Bob Bob

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