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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Alan Bell who wrote (13978)	5/28/2000 9:56:00 AM
From: Chris J. Horne	Read Replies (2) \| Respond to of 15132

"the best ways to hedge a portfolio" For a short term opportunity like this, why not use QQQ puts?

To: Alan Bell who wrote (13978)	5/29/2000 10:56:00 AM
From: Gary D	Respond to of 15132

Alan, You pointed out that USPIX has substantially fallen short of its objectives since January. I hadn't actually worked up the numbers for my own case until I saw your post. Here's what I did: Purchase 2/4, sell 5/24. QQQ was down 20%; USPIX up 6%. (Consistent with the numbers you gave--USPIX should be up around 40%). I'm not very pleased. <g> I wish I could answer your question on why this happened. But seeing these numbers makes me hesitate to buy UOPIX, their UltraOTC fund (seeks to correspond to twice the performance of the Nasdaq 100 index).