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

To: Todd Reichardt who wrote (1197)	1/22/2001 1:22:16 PM
From: bob wallace	Respond to of 2063

yes, well after I wrote I decided that I had forgotten about the 1.5 times option; however, I thought TOom pointed out the crux of the two times move the other day that UOP{IX went from $150 to $18... I think that the 1.5 works pretty well if you buy at the botom and sell at the top [ie, fund rotation]- but I am trying to think of a way to rethink if scaling in (either my way or the AIM way) is the right approach without a short option as I have said before, I dont like the short option because I am not that good a trader (John seems pretty good at it). I think I will turn out ok on my UOPIX scales because I am really focused on bringing down my average cost - but doing that sacrifices my trading income, so things arent working out perfectly - which brings me back to why I am interested in your getting in and out strategy! <G> Bob