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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (25459)	6/17/1999 6:37:00 PM
From: Nemer	Read Replies (3) \| Respond to of 44573

SPY vs ES9x PS - I knew you would not let that go without comment! LOL! I, myself, found Pat's response to be mild mannered, so I feel the urge to chunk out a few figures on this matter ...... Forget the PREM burn...chump change...and the divids to boot...... hmmmm .. premmie is gonna average about 16 points per quarter ... that amounts to $800 then there is the loss of money market interest for the margin/maintance for one emimi .... lets call that about $200 and four commish .... about $100 appx total for one emimi for one year ... >>>>>>>>>> $1100 Now, on the SPY side of expenses ... loss of interest on tied up money ... about $130 commish ... about $20 dividends (off the top of my head, and I'm not going to waste time looking it up) is about a plus $30 appx total expenses for 20 SPY for one year ... $120 If I didn't forget anything, which I know this brickhead did .. it cost appx $1100 to own an emimi and it cost appx $120 (second year cost would be lessened by the 20 buck commish, but we'll put that into chump change dept ..... gggggg) so that is a difference of appx $980 now this is the amount that, it appears to me the ol brickhead, that the leverage of the emini will have to overcome ... and I am now feeling overcome with fatigue from all these figures so I'll leave the determination of how far the market has to rise to compensate to others here on the tread ... and for the sake of discussion, we will assume the market will rise ... but in a down market, the figures will be altered, but remain fairly "respectively" balanced , for one could be short the emimi and short the SPY .... but that is another matter of debate .. and I don't know how to act when I find myself in agreement with the Blue Celt Warrior ...... gggggg BrickheadNemer ps -- I have purposefully implanted ONE serious error into this dissertation ... who's going to find it AND the others ...... gggggg

To: SE who wrote (25459)	6/17/1999 9:31:00 PM
From: Patrick Slevin	Respond to of 44573

No, I'm just more reluctant to hold a Futures position through drawdowns than I would be equity. Personal preference. I like to sleep at night, although it may not look that way as I often Post at odd hours.