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Strategies & Market Trends : Shorting SPY for fun and profit.

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To: studdog who wrote (1)11/1/1997 8:57:00 PM
From: Esteban  Read Replies (1) of 346
 
Karl,

I like your idea, been picking up selected techs. So far AMAT QCOM SGI, looking at WDC ORCL ANDW. Missed SYMC. I'm only spending 1/2 my cash, in case of further weakness.

I suggest you define SPY's for those of us unfamiliar or slightly familiar with spiders.

What do you think the advantages are of hedging over holding cash reserves. How much do the the costs/losses of purchasing SPY shorts reduce one's return from the techs if the market rebounds?
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