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Strategies & Market Trends : ahhaha's ahs

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To: SouthFloridaGuy who wrote (2081)	4/20/2001 12:38:27 PM
From: ahhaha	Read Replies (3) of 24758

It is very similar to January. I just made that comment to my associate. You should wait to initiate a short or effective short, for the right side of the price structure to become apparent. We are still on the left side of the structure. Also, you shouldn't speculate in an IRA. Shorting is a speculation, not a hold for the longer term. I know you can always sell it, but you should do that in a regular account. The laws concerning in and out with respect to IRA will soon be changed because the quantity of trading in IRA accounts is making lawmakers concerned about abuse. In general I advise people not to get involved with IRA. Pay the tax. You'll never miss it later. IRA forces you into all sorts of contortions that make you a hostage of money. You won't benefit much if at all in the long run with it. USPIX is opaque. I don't know what they hold. They seem to be doing an LTCM with down side bias. The problem with this approach is that if it was really successful, you might not be able to get your capital back. I do like the idea of a short fund, but diversification on the short side is even worse than it is on the long side. Better to be a Qunatrille Raider and operate on one noteworthy POS.

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