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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (6391)10/15/1997 11:12:00 PM
From: Bonnie Bear   of 94695
 
Haim: I have the same need. I'm holding BEARX and RYURX. bearx is actively managed short sales and RYURX is a derivatives fund that mimics an inverse S&P. BEARX is more volatile, on the average he mimics an inverse S&P. The design of RYURX (rydex ursa) would give spectacular return in a big kahuna, goes down less than the S&P goes up but goes up a lot more than the S&P goes down in a bear :). Rydex has several funds : Ursa (inverse S&P), OTC (Nasdaq 100 long), Precious Metals, Bond fund (120% long bond),
Juno (inverse long bond), Nova (150% long S&P) and money market. The prospectus claims they are designed as hedge vehicles for money managers. They have strange notes in their prospectus about taxation so read first before using outside of an IRA. Rydex phone 800-820-0888
Some of the smallcap funds will also do short sales in bear markets, I think Kaufmann and Heartland contrarian (about to close soon) keep some shorts. I'm looking for something similar in a global small-cap fund to get good risk/return but haven't found one yet. Robertson Stephens Contrarian was supposed to do this but I'm not impressed.
Hope this is useful to you. regards, B
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