OT: Kipp: RYVNX:
I believe I may have mistyped it somewhere along the line. It isn't RY d NX, it is RY v NX. Sorry about that.
This is a double beta inverse of the NAS 100. In other words, it will go twice as far in the opposite direction.
BUT PLEASE REMEMBER: I do not own any. I am 80% cash. That is my hedge. I decided, and have no reason to question my decision, that I am going 10% in RYVNX to hedge my 20% long position WHEN Brinker makes his call or some other catastrophic event happens.
I have never been (overall) SHORT the markets. I consider being market neutral to be great position enough -- if the markets tank.
Len
Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.
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