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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: 4rthofjuly007 who wrote (6363)	11/17/2001 1:07:33 AM
From: mishedlo	Read Replies (2) \| Respond to of 99280

How many QQQ puts did you buy. I bet you might have lost the same amt if you were 100% in the 200% down RYDEX fund. I am guessing here. You can achieve the same results yourself by shorting 100% of your portflio in the QQQ's. That obviously equates to the 100% fund. Some mix of that plus a few long term puts (not sure exactly what) equates to the 200% down. This really all depends on what you make of the "turnips" forecast. there are other approaches. Short the "Q" BRCM EMLX JNPR BRCD and go long the QQQ's or buy QQQ calls as a hedge. These past couple weeks that play was a winner. QQQ calls up nicely but much of the "Q" went sideways. Since the "Q" generally moves faster than QQQ then you can also just short a portion of the amt you would put into RYDEX funds. M

To: 4rthofjuly007 who wrote (6363)	11/17/2001 10:33:21 AM
From: Baton	Respond to of 99280

4th: Actually there is another option w/ Rydex. All of the leveraged funds can be bought or sold in the morning. Trades must be made by 8:30AM and are effective at 8:45AM PST. I have found that a great way to lock in a ST profit on a gap up or down. The leveraged funds are: Titan - 200% of the daily performance of the S&P 500 (RYTNX) Tempest - 200% of the inverse performance of the S&P 500 (RYTPX) Velocity -200% of the daily performance of the NASDAQ 100 (RYVYX) Venture - 200% of the inverse performance of the NASDAQ-100 (RYVNX) Leveraged funds are great if you are right, but very humbling if you are wrong. Baton