Hi Monty; wasn't that IBM a blast, the old shorts covered then
more jumped on who knows were it will stop , I told Mike she was
going to $300 or $400 , he shorted her yesterday <G>
Well I missed this qqq twice trying to play the USPIX fund,
so that backed me playing her with a fund.
Having to take closing price makes me too nervous, at least on the
short side and the fund is 2X the qqq. Also I have to get the order
in by 2:15 and often she don't show her real colors till just
after that.
I'm turning over in my mind another way to play her but haven't
worked out all the details.
Using The Mc for the main signal to go long in the UOPIX, and
being the Mc is sometimes slow, and with the handicap of getting
in and out of the fund , I'm thinking to try to short term trade short/cover on down swings the qqq itself.
Also playing the longside in the IRA , and the short one in my
regular account, but I don't know.
Where I may lose some money on the shorts, I get a write off
and I think the long in term the IRA long will over time do
better if I use the Mc signal, so I defer the tax there,
however , I don't know ( later when I take money out of the IRA
is it taxed more or less than capital gains ? )
Or does that depend on what I make that year ?
The idea of shorting while long is to offset some of the down days
and I can short/cover faster than getting in/out of the
fund & maybe get some of the mid day breaks.
I'll have to study on it more as it still sounds a bit
confusing to me, that takes the cake when you can confuse
yourself , and I think I just did. <G>
Jim
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