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Strategies & Market Trends : Ultra OTC Fund - UOPIX -- Ignore unavailable to you. Want to Upgrade?


To: bob wallace who wrote (1001)12/19/2000 8:11:31 PM
From: bob wallace  Respond to of 2063
 
oops, more bad vibes

I have now read in two different places, projectons for the NDX to rally to about 3500 in 1st half 2001, and then retrace and back and fill for an assult on 4000 in 2002...

by my calculations, NDX 3500 would result in UOPIX $51, or thereabouts

cartainly not a god sign for those of us hoping to recycle funds in 2001....

Bob



To: bob wallace who wrote (1001)12/20/2000 9:13:36 AM
From: John  Read Replies (1) | Respond to of 2063
 
Hi Bob,

I agree with your bond fund sentiments. I wonder if ProFunds has ever looked into a hyped up bond fund, or even a regular bond fund for our cash to rest in while not in use?

Also, I ask ProFunds every now and then about setting up an ACH (clearinghouse) cash transfer medium. They are dead set against it. They either want the money wired in or sent via snail mail. It's a slow pain to add funds to my account. The last time I sent them a check via overnight mail, it still took 4 business days to appear in my account. The most important thing to me though is the fact they have never botched a single trade I've placed. E*Trade was a 50/50 proposition at best. ProFunds' execution has been flawless, and their ability to meet their objectives has earned them a 5 star Morningstar rating.

Season's Greetings,
John in Mild Iceland
Mostly Cloudy, 40°F



To: bob wallace who wrote (1001)12/20/2000 11:39:39 AM
From: OldAIMGuy  Read Replies (1) | Respond to of 2063
 
Hi Bob, This particular bond fund (GSF) is made up of long maturity debt. It follows a trendline that correlates with FED policy of raising or lowering interest rates. I don't think there's any correlation with UOPIX, however.

Generally it's a very long slow sine wave for the bond fund. It did have a serious change from that usual pattern back with the Russian bond crash as they were holding some of that paper at the time.

As a substitute for money market funds, it's better to use a short term govt. bond fund as the price/share doesn't vary as much. You don't want to be caught with the bond fund price/share down and have to sell to buy more of the stock fund which is also down.

Best regards, Tom