Replies to post #42797 on A.I.M. Users Bulletin Board (AIMUSERS)

[Firebird400]

Hi Tom. Sells / Poof Funds
Got in a couple nice sells yesterday and that puts my cash at 65%, not bad for a crummy day for the overall market... It would seem to me that any "TRUE" 3X fund that had a -34% loss in the underlying stock shares would indeed go "POOF"... There wouldn't/ couldn't be enough left to work your way out of that mess... As a side note, when my son was in high school one of his classes had a stock contest... So he came to me... We picked up a few GE, Disney, Coke, Microsoft, etc just to throw everyone off, the rest, bulk of his funds went into the Rydex 2X funds both bull and bear, and we played them off each other... He won the contest easily, nobody close! Short time frame so I thought we'd use those Rydex funds, it worked... Profit from your ideas! Best regards, Ken