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Strategies & Market Trends : Value Investing

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To: Daniel Chisholm who wrote (7914)	7/31/1999 2:29:00 AM
From: peter michaelson	Read Replies (1) of 78787

Daniel: I've been very bearish since the summer of '96 Don't feel bad, I've been bearish since 1989! By the way, although my interest in it has wavered, I used the arbitrage short to great advantage in closed end country funds for two years. Personally, I don't understand how value investors can not short in this environment. This environment allows for the scam companies, which are the best shorts. In a bear market, those companies can't even get started. This is why so many of the very well known personages on SI are shorters. It's their track record, silly. peter

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