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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Follies who wrote (58948)	7/25/2002 2:33:52 AM
From: Greg Jung	Respond to of 94695

Dale you gotta trade with that sucker or it will just sink with market volatility. Message 17684901 Markets dont go one way forever. I started my positions 8/01 & lowered cost basis into the 10/01 rally & took profits, maybe a little early but not by much, a few weeks ago. I noticed that from month xx/00 to 9/01 these leveraged funds hadn't made much progress even though the underlying index had tanked. Volatility kills them because unlike round trips when simply holding stocks, you lose on the round trips with these; if the market goes down 6% tomorrow (after +6% today) the NAV will be lower than yesterday's close. & the bigger the moves, the worse the leakage gets.