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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (3332)	4/13/2001 7:47:56 PM
From: upanddown	Respond to of 23153

Jim You might want to take another hard look at that Profund. They may claim it goes up or down at 2X the QQQ but they haven't come close. They are up 17.7% YTD. The QQQ's are down 26.6% YTD. Shouldn't that translate into close to a 50% gain in the fund? The amazing thing is that the entire gain in the fund was on Jan 2 since it gained 18% that day. If you had bought after the close on Dec 29 (or in the case of my broker, inside two hours of the Dec 29 close), you would actually be down almost 1% in a wicked tech bear. A straight short of the Q's would have been much more lucrative. I just think having the ability to cover in 30 seconds provides far more safety than going thru the hassles of buying/selling mutual funds prior to the close. I may be biased since I am very negative on mutual funds. I think the performance of the aggressive funds in protecting customer assets during this bear market bordered on criminal negligence. Good luck whatever you decide. John