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

To: Stoctrash who wrote (745)	5/27/1999 12:02:00 PM
From: James F. Hopkins	Respond to of 2103

Well it sure has been a challenge , but with the negative in the market I may switch to USPIX ( the short fund ) but even so I will hedge it off at times with the QQQ.. --------------------- I hope to get fund switching down , but still have not worked out akk the kinks , going from UOPIX on UP days to USPIX, then hedging or pegging them off using the qqq . ---------- It's like I buy the long fund on down days and the short one on up days to get in cheaper, but calling the close can be hard, so I'm trying to fix my effective close using the qqq interday. It's not an exact thingy by any means, the funds are 2x the NDX , so you have to use 2x the qqq and balance the cash you put in the funds to make it come out close. Jim PS I see some advantage to using the short fund, when the market goes down, as it has you short ( but also is seen as equity in my account so if things do get nasty it lets me go short a lot more than I could other wise. ----------------- There is extra expense to all this so It takes some pratice to make it pay off. Jim