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: bob wallace who wrote (1085)	1/3/2001 5:30:45 PM
From: John	Read Replies (1) of 2063

Hi Bob, Congratulations on a well-executed scale in/scale out. I did not purchase more UOPIX yesterday. I intended to buy additional shares today, but something funny happened on the way to the ProFunds... :-) My break-even point for UOPIX is now 28.13. It's hard to believe my initial UOPIX purchase was made early last year near 132. I managed to lower my cost through a few well-timed (lucky?) USPIX buys, and repeatedly reinvesting USPIX proceeds back into UOPIX at lower and lower levels, plus I frequently sold UOPIX for relatively small profits and bought back in at later at lower levels. I last used USPIX back in mid-November. I've been too afraid to use USPIX since then, mainly because I feared a day like today. It's odd to consider, but I think most people (including me) fear shorting because the market's downside is finite, terminating at zero, but the upside is infinite. I wonder what tomorrow will hold? Best Regards, John in Iceland Clear, 18°F Wind Chill -15°F

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