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Strategies & Market Trends : Rydex Nova/Ursa, Make money in both up and down markets. -- Ignore unavailable to you. Want to Upgrade?

To: Raymund W who wrote (156)9/8/1998 11:24:00 PM
From: Richard Mazzarella  Respond to of 195
 
Raymund, if you are buying, especially for an IRA, Ursa is a way to "short" the S&P. The bogey for Ursa is the inverse of the S&P and Nova is 150% of the S&P. The trading mechanics are to swap between the two based on market direction. Good luck.



To: Raymund W who wrote (156)9/9/1998 7:01:00 AM
From: Cage Rattler  Read Replies (1) | Respond to of 195
 
Ray:

I was told last week by Waterhouse that the entry fee for a non retirement-type account in Rydex was $10K. Remember he reverse split. If you're a bear now's the time for URSA. The question, a fool's rally or a real run up?

Ciao, Ted


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