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Strategies & Market Trends : Ultra OTC Fund - UOPIX
UOPIX 143.70+0.5%Dec 16 4:00 PM EST

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To: John who wrote (1106)1/4/2001 11:15:24 AM
From: bob wallace  Read Replies (1) of 2063
 
oh John, you wrote:.....

I ran a test a while back that focused on how UOPIX would have performed since 1985, if it existed then. In my test, it gained something on the order of over 10,000%. I'm very afraid of missing any part of that.

this is a very common sentiment, you read it all the time as the mantra for the buy and holders "if you are out of the market for the best 30 days of the year, you loose your ass [or whatever]"

but look at your own situation:
1) you did not buy the night before the rally
2) the rally increase in price did not reach, much less exceed, your average price
3) you would have had a lower average cost if you had been in cash and then bought UOPIX after the rally

so just being "invested" is not enough - all of us waiting for a sale in UOPIX from AIM did not benefit from yesterdays rally [except that we felt better looking at our balance sheet]

positioning for the next move is the most important thing

Bob
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