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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: B.K.Myers who wrote (6069)	6/20/1999 3:45:00 AM
From: Puna	Read Replies (1) \| Respond to of 9818

RE: What are the best and worst case scenarios Y2K could have on the Stock Market? Etc… B.K., Thank you for your thoughtful and thought provoking response. I will muse over your ideas and give this further study. It is too late for me to respond to your comments here tonight. Perhaps I'll PM you in the coming days. You are right on your sense that I may be a little off balance in my Tech/Net heavy portfolio. I felt compelled to down average through this ‘correction' period to the point of being very heavy weighted there and cash-short. I broke the cardinal investment rule “Do not invest more than you can afford to lose” whoops… I am in the green on all of my stocks at the moment and anticipate a bit of a rally through July, at which time I will lighten the load. Yes that is the time I will move into the money market at least. Thanks again for your knowledgeable feedback B.K., Puna

To: B.K.Myers who wrote (6069)	6/20/1999 9:58:00 AM
From: flatsville	Respond to of 9818

B.K.-- One option to consider when formulating a market strategy for the months ahead is bear/short funds. Rydex Ursa--RYURX, ProFunds UltraShort OTC--USPIX, Prudent Bear Fund--BEARX, could provide substantial gains on the downside. Rydex and ProFunds also offer a pair of funds that are designed to move in the opposite direction from one another so you can hedge. For example, Rydex Ursa tracks the S&P 500 with an almost perfect negative correlation. Rydex Nova attempts a beta of 1.5 relative to the S&P 500. A good strategy for the truly confused, perhaps? The worse that could happen is that you'd just about break even? (minus those hefty fees of course.) If it turns out to be TEOTWAWKI or the economic equivalent, as someone once said, "In the end we're all dead anyway. So what, me worry?" See: fnews.yahoo.com The problem is of course none of us know what to prepare for. I'm going short in a bear fund with a good chunk of my $$$. I think the market will go down and stay down for a while. I agree with you my friend...recession dead ahead. Duration? Got me. But I doubt that I'll be scrambling to redeem those shares in that bear fund. My list of short stock victims grows ever longer. I'm looking at specialty retailers and other companies that cater to the wealthy. No matter what happens, the "feeling" of economic uncertainty will dampen the desire on the part of the rich to buy baubles IMHO. A sure bet on my part? Hardly. You pays your money and you takes your chances. I'll be holding some cash to buy at discount prices. I have yet to determine the risk with U.S. Treasuries. I think there is all the trouble in the world out there waiting for bond holders. That's where I am at with this to date. Bear in mind I am not a financial advisor (nor do I play one on T.V.)