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

To: OldAIMGuy who wrote (2048)	6/2/2003 3:49:57 PM
From: tsigprofit	Read Replies (1) \| Respond to of 2063

Tom, have you or anyone here tried hedging with USPIX, the bear fund mirror of UOPIX? My technical indicators show the Nasdaq could be in for a pullback from here, so I have hedged my long plays by buying USPIX. We shall see if it works out... Best, Matt

To: OldAIMGuy who wrote (2048)	6/3/2003 9:16:38 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2063

Hi Tom; Thanx for the kick back, I bid on some land today but was outbid, seems a lot of people have more money than I thought. --- I'm short term ( very short term long the qqq ) I may dump it in the morning. All the stocks I picked back at last years low, I hedged by selling 2005 calls, at the time the calls were paying good , I expect that the panic selling of stocks had the call prices high as people were buying back covered calls to dump stocks, I know that since then call prices ( in respect to the stocks ) are not paying near the premium they were at the bottom. --- My plan to exit stocks in 2005 was the main part of my reason to sell covered calls. In most cases I got back as much as 50% of the cost and on paper because of the run up all but one stock ( sunw ) has exceeded my call out price. ( $5 ) on her. at a cost $2.33, like wise just about all the others will yield over 100% if they don't fall back below the call prices. -- I can't seem to find any more that I can hedge off as good so I just dip at the qqq from time to time, when I have time to watch her. --- I watch the qqq via the NDX ( vs a self made index of the 12 Most Dollar traded stocks in it ) it's very short term and if I'm going out on the boat it don't work. But if I get to watch it, then it works good short term. the 12 most dollar traded stocks set the pace..it's like follow the money and watch for divergence. -- Mid term we are over bought, ( it don't do long term ) short term it's still going up due to momentum. ---- One thing your idiot wave may not have considered is the more resent effect of INDEX funds, IShares and Spiders ...in the last 5 years these type of funds etc have gained and are gaining a lot of investors. AS they do they create a momentum both up and down. when the market gets in gear they must track the index and big caps get more and more of the action... So far this has been more of a small cap rally than a big cap one.. so the index funds are not yet in an up momentum stage. ( but getting close ). ---- In simple terms , longer term Due to the increase in Indexing any "Real" bull market will be marked with Big caps leading the way up, when they kill the Big caps they take out the liquidity and it's time to exit. ---- Short term I watch the stocks that trade the most dollars on a 3 mo average. Jim PS recently since I went back on the boat I haven't had time to watch market like it should be watched by a trader.