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Post# of 704019
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incognito

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Alias Born 07/10/2002

incognito

Re: None

Saturday, 10/12/2002 10:39:10 PM

Saturday, October 12, 2002 10:39:10 PM

Post# of 704019
Rydex Funds.

These long (200% return) Velocity Funds are too cool.

I got long RYVYX and RYTNX on 10/09 (close).

RYTNX 5.29 to 6.47 in 2 days

RYVYX 7.12 to 8.63 in 2 days

Since they were in Roth the gains were tax free. I sold them at the close on Friday for around a 20% gain on two day rally. They did perform as advertised by returning 2 x the move.

Only problem is getting in and out. Once a day at the close. That last minute rally on Friday was heart stopping for me since the close was my sell price. Plus there are some minor fees.

I will buy these back again when we retrace.

incog

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