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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: KM who wrote (36650)1/4/2000 8:20:00 PM
From: NickSE  Respond to of 99985
 
PX ProFunds UltraShort OTC Fund - Investor Shares seeks investment results that correspond each day to twice of the inverse of the performance of the NASDAQ 100 index. The fund primarily engages in short selling, stock index futures contracts, options on stock index futures contracts, and options on securities and stock indexes. It typically invests in securities traded on the over-the-counter markets, and instruments with values that are representative of such securities. The fund is nondiversified. Investor Shares are for general investors; Service Shares are for qualified investors.

biz.yahoo.com



To: KM who wrote (36650)1/4/2000 8:24:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
USPIX is the profunds ultrashort otc fund, it is about 1.8% inverse the nasdaq 100.

On the thread we were discussing the implications of index component revisions to the Dow, but quietly the Nasdaq 100 had re-invented itself almost completely in the last 3 years (85 changes), it now contains mostly stocks that have no (or negligible) earnings, which have been the best performing stocks of the last three years.

uspix touched the bottom line of a parallel channel from the jan/april lows on new years eve and i believe made a terminal throwover yesterday.

b