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Biotech / Medical : The thread of life -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (537)	3/18/2004 1:26:30 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 1336

Hanging on to Rydex Juno, which shorts the 30 year bond. I own it around $20, and would get stopped out around $19. Looking for the long bond to rise to around 7% within a couple years and Stagflation. I am 60% convinced higher rates are coming. When I bought Rydex Juno, I felt more like 100% convinced...but the case for deflation is interesting too... This is the only bet I've made of late, except for a shitty trade in VRTX which cost me a few hundred bucks. All my biotech profits are stuck in the TSP G fund, earning the ten year bond rate--so I cannot spend that money unless I leave the government. From now on, I play in my wife's roth for trading.