Ultra OTC Fund - UOPIX Message Board

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Strategies & Market Trends : Ultra OTC Fund - UOPIX

UOPIX 149.70

-0.5%

Dec 8 4:00 PM EST

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To: Dante Sinferno who wrote (1038)	12/28/2000 7:30:00 PM
From: James F. Hopkins	Read Replies (1) of 2063

Wow; Distribution OF CAP GAINS ? But That's no small amount either !!! Large redemption's could have caused them into the forced selling of positions that hurt their spreads. ------------ They deal in futures a lot and they warn that they may not be able to match the relative 2X.., ( they normally don't do 2x but more like 1.8; however this today is about the worst anomaly I've seen. Wow.. They had profits early this year so it's one more of thoes that if you didn't have UOPIX it in your IRA , you wind up paying tax on a fund that's down for the year. Just think of them who just bought and now get a TAX bill to boot. Jim

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