Prudent Bear Fund (BEARX): contrarian investing Message Board

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Pastimes : Prudent Bear Fund (BEARX): contrarian investing

BEARX 4.050

0.0%

Dec 8 4:00 PM EST

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To: Tommaso who wrote (369)	10/7/1998 6:42:00 PM
From: Dermot Dunne	Read Replies (1) of 793

<Are we the only two people who are enjoying this? > Nope! I got into BEARX about the same time as you did and have suffered along in silence for the year down . I meant to post some encouragement to you (and for myself) along the way, but could muster no enthusiasm. I got bad misgivings when I saw Tice depart from his declared plan of shorting overvalued stocks and instead start fighting the S&P 500 with options, and Horrors! a flutter on the side in gold. We can lose money in those areas ourselves without paying for help. I did take a modest profit to avoid all the eggs in one basket and put it into Rydex Arktos (RYAIX). Another leg up and I'll roll another quarter into Profunds Ultrabear (URPIX). Neither of these were available at the time last year when I became a convinced bear. This lack of choices left those with IRAs in a virtually no win situation. For now BEARX liveth. I hope Tice sticks to his knitting. Dermot

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