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Omega List:
I did not get any response from the discussion group where
this thread was started. Consequently, I am posting the
message to this group for your perusal and commentary.
Thank you.
Charles
> Group:
>
> If there is an interest I would like to throw open for continued
discussion
> the thread which someone posted to another forum a few days ago on the
> above subject. I believe what prompted someone to post the information
> about 1/2 hourly pricing at Champion Capital was the discussion about
> volatility, liquidity, and risk management using eod mutual fund pricing
> as opposed to trading vechicles where one can enter and exit intra-day
> such as the Spyders, options, futures, etc. Of course there were good
> points made by both sides of this issue and I think the parties involved
> had a meeting of the minds that it was an individual choice based on
> personal psychology as it relates to one's trading skills and level of
> comfort regarding the management of risk.
>
> Now, least anyone gets the wrong impression, I am certainly not a
> high roller NOR an accredited investor but I did call Champion Capital
> to request information out of interest and as a learning process. There
> will soon be a mailout which explains how the program works. It seems
> to me this concept has the potential to offer the best of both worlds.
> About the only thing I could understand on the phone was that the min-
> imum was 100K to start with and the provo of adding 150K to total 250K
> after a period of orientation. The investor has the choice of leveraging
by
> as much as 3x the SnP 500 Index. I didn't ask but I suppose that one
> also has the ability to hold overnight as would a mutual fund investor.
> Also, I didn't ask whether one could sell short.
>
> Perhaps someone could provide further details? More importantly, is
> the issue of whether those who like to trade the Fidelity Selects
> on an hourly basis would still feel they had an edge since there would
> be no other sector choice? How important is the issue of sector choice
> an issue regards risk and an edge when the only choice one has is
> 'when not what': market timing as opposed to fund selection.
>
> Another issue here is that this vechicle appears comprable to futures
> without the disadvantages of having to worry about the fear of unlimited
> losses, slippage, and the dirty little tricks that the floor plays with
> running
> stops.
>
> The advantages/disadvantages of using intra-day vechicles versus eod
> pricing were clearly pointed out in the previous posts and it can be seen
> that there are tradeoffs. Do these trading vechicles incorporate the best
> of both worlds without the shortcomings of the other? Comments?
>
> Charles
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> P
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