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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Kailash who wrote (16927)1/12/1999 1:27:00 PM
From: Eric Klein  Read Replies (1) of 18691
 
Take a look at USPIX instead of BEARX.

Pro Funds Ultra Short OTC USPIX tracks the NAS 100 times 2. That is if the NASDAQ goes down 5% USPIX rises 10%. (of course if the NAS rises 5% USPIX drops 10%).

I have a problem with BEARX in that it doesn't track the indexes very well. In December when the market had a couple of 1 day drops, BEARX did not go up much, but USPIX did.

P.S. BEARX was short AMZN last year, but I don't know what their current position is.
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