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Strategies & Market Trends : Shorting SPY for fun and profit. -- Ignore unavailable to you. Want to Upgrade?

To: Premier who wrote (55)	11/8/1997 5:51:00 PM
From: Pancho Villa	Read Replies (1) \| Respond to of 346

Premier: I think your idea is neat. However you may want to trow in a little bit of flexibility. I do not know what the federal model is or what it would have said about the market but I have been hearing the market is at least 10% overvalued since the DOW hit 4000. Your strategy would resulted in you missing [some] of the tremendous market raise as you would have been holding cash. I was 100% equity [sometimes even leveraged] during the whole period. One more thing I just moticed I never finished the message you are responding too. Last september 30-October 1, last time I made a drastic shift in my portfolio [went from 30% margin to 30% treasuries]. Of course always two weeks two soon!]. I decided to frezze (sp?) my portfolio as it was on September 29 [Margin and all] in the internet. Now that has become my paper portfolio benchmark. I plan to check it again one year from now and see what has happen. My hunch is that my paper pasive paper portfolio will easily beat my daily tinkering with the real one. Regards, Pancho