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


To: OldAIMGuy who wrote (2053)6/4/2003 4:56:20 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 2063
 
I think the recent momentum is from shorts covering,
when 90% of them get covered we will pull back.
--
I took out a few puts on the qqq late today.
Jim



To: OldAIMGuy who wrote (2053)8/18/2003 11:43:16 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 2063
 
Tom my speculation indicator "had pulled back some " but it's back higher than
it was in June..It pecked about 7/11 then pulled back..but it's headed
back to the 7/11 point..a good run up tomorrow will do it..
----
I swiched from playing this UOPIX thing..
I found RSIFX just about as good on the up side..
and it don't crash as hard on the on the down swing..
finance.yahoo.com
----
I can't do a long term chart comparing them as UOPIX did a reverse split
that messes it up..
Right now it seems if UOPIX gets much ahead of it then
it's time to pull back..( a day or two more, maybe go to the end of the week if we don't
bust a seam to the upside tomorrow. ) I see another Gap up in the morning if things
don't change.
finance.yahoo.com
Jim