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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: Monty Lenard who wrote (512)	4/24/1999 12:10:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

Hi Monty; wasn't that IBM a blast, the old shorts covered then more jumped on who knows were it will stop , I told Mike she was going to $300 or $400 , he shorted her yesterday <G> Well I missed this qqq twice trying to play the USPIX fund, so that backed me playing her with a fund. Having to take closing price makes me too nervous, at least on the short side and the fund is 2X the qqq. Also I have to get the order in by 2:15 and often she don't show her real colors till just after that. I'm turning over in my mind another way to play her but haven't worked out all the details. Using The Mc for the main signal to go long in the UOPIX, and being the Mc is sometimes slow, and with the handicap of getting in and out of the fund , I'm thinking to try to short term trade short/cover on down swings the qqq itself. Also playing the longside in the IRA , and the short one in my regular account, but I don't know. Where I may lose some money on the shorts, I get a write off and I think the long in term the IRA long will over time do better if I use the Mc signal, so I defer the tax there, however , I don't know ( later when I take money out of the IRA is it taxed more or less than capital gains ? ) Or does that depend on what I make that year ? The idea of shorting while long is to offset some of the down days and I can short/cover faster than getting in/out of the fund & maybe get some of the mid day breaks. I'll have to study on it more as it still sounds a bit confusing to me, that takes the cake when you can confuse yourself , and I think I just did. <G> Jim