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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: flickerful who wrote (6668)	10/18/1998 12:23:00 PM
From: Patrick Slevin	Respond to of 44573

Trading Rydex, I would imagine, is a lot less risky than trading the Future as one final thought. I imagine being long URSA Thursday afternoon would be somewhat less painful than being short the spoo. On the other hand, being long NOVA would have a lot less reward than being long the spoo. There is the tradeoff. Checking my individual services, so far I have only checked Camp and it appears his advice was to be long Thursday with a caution to be careful in the last hour. Just checked McMillan, who was about to signal a buy signal for Friday, so he was a step late. He also pointed out that Thursday night saw a large Put exercise which he viewed as bullish for Friday. Friday's suggestion was to be long OEX with the sale of an offsetting spoo in the proper proportion to the strike and quantity of calls. He also postulated a more aggressive strategy for bullish accounts. And, as long as I was at it, it appears T. Williams went long at 3:08 EST at 1025 just before the blur so he was a happy camper as well.

To: flickerful who wrote (6668)	10/19/1998 7:41:00 AM
From: Stoctrash	Read Replies (3) \| Respond to of 44573

Flick...RYDEX--- Nova is designed to be a 1.5 beta fund for more bang on the upside than other pure index funds that follow the SPX trying to get that 1.0 beta. BTW...you wanna hear scarry...I was at the Bills game (go Flutie!!) with some college buddies for our annual booze & Bills thing. The accountant of the group just took a "BIG" job at one of the LARGE firms we've all heard of. He's been in the finance/accounting biz since 1991 & has passed his CPA exam. We'll one thing led to another and we started talking shop..., I started preaching about the dangers of funds and that they DON"T HAVE TO COME BACK, etc, etc. I hit the Beta topic and he had no idea what a beta was!! Funny part is that his firm does like 2/3 of all the major mutual fund company's books!! ...Typical...don't ask any accountant for investment advice.