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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Challo Jeregy who wrote (36691)	4/14/2003 5:45:58 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 57110

it doesn't seem as meaningful as a stock where the price of the stock can determine whether or not it stays listed or if it is out of the buying range of retail investors. To be honest, it doesn't make sense to me that they are splitting a rydex fund, but if they want to...ok. Do you see it as being meaningful?

To: Challo Jeregy who wrote (36691)	4/14/2003 6:45:15 PM
From: James C. Mc Gowan	Respond to of 57110

RE: Rydex Funds reverse split, it does seem odd, but take a look at the current NAV's on those that are in line to reverse split. Telecom is down in the $3 range, and the SP500 proxy/Titan has a $6. handle. OTOH, the bear funds, and especially the 2x versions for SP500 and NDX100 are way up there. rydexfunds.com Any reverse split is a red flag to me, even a faltering mutual fund. The way these index proxies are calculated, more downside could push some of these down to $1 or less in NAV. Wouldn't want that, would we,gggggg May mean little, may signify the wear and tear of the Bear, and that it ain't over. James