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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Robert F. Newton who wrote (9277)	2/1/1998 3:49:00 PM
From: IVAN1	Read Replies (5) \| Respond to of 13949

Another way to hedge or short. Rydex Ursa Fund I have very interesting materials from the Rydex fund. They have a fund called Rydex Ursa that uses puts and futures to give you the exact OPPOSITE return of the S&P 500. If the S&P goes up 24% the fund goes down buy the same amount, The reverse of course, is true. I may use it as a hedge against a downdraft or an outright way to short. (I am not knowledgeable about how to do the futures/puts thing on my own) Any thoughts on this fund/approach? Best, Ivan1