Ultra OTC Fund - UOPIX Message Board

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Strategies & Market Trends : Ultra OTC Fund - UOPIX

UOPIX 127.64

-2.5%

Jan 30 4:00 PM EST

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To: James F. Hopkins who wrote (2059)	8/19/2003 2:53:06 PM
From: OldAIMGuy	Read Replies (1) of 2063

Hi Jim, I think UOPIX's internal costs eat them alive when the market flattens out. We experienced this sort of erosion a couple of years ago as well. I've switched to QQQ for now to stabilize the value as its carrying costs are ziltch by comparison. I can continue to trade the Qs until such time as we see a "high risk" bubble again. Then again if risk drops back to low risk, I'll rejoin the chase. Maybe I'll look at RSIFX instead. Looks like the same pattern, but the decay in a flat market seems to be less. My Speculation component has been bearish for some time. It is less this week than in recent history, but still not great. aim-users.com Overall it's the only one of the four components of the Idiot Wave that's bearish. The other three are still mildly bullish. Here's what the summary graph looks like. As you can see, Speculation has been the main component driving the IW's current recommendations. aim-users.com Thanks for the update and the suggestion on RSIFX. Best regards, Tom

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