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Pastimes : Prudent Bear Fund (BEARX): contrarian investing
BEARX 4.080+0.7%Nov 5 4:00 PM EST
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To: Don Westermeyer who wrote (677)2/23/2001 9:36:36 AM
From: Hawkmoon  Read Replies (1) of 793
 
My problem is that Tice has WAY too much of a gold fixation and apparently now, inflation indexed bonds. If I want to own a bond fund, I buy a bond fund. If I want a fund that acts contrary to market conditions I buy a contrarian fund.

But with BEARX, he should have been margining to the hilt last April, when it was clear the trend was down and going short or buying LEAPS on the QQQ puts (I'm assuming he can buy puts for this fund)

I just don't think he has what it take to properly manage a bear fund and return excellent value. The nasdaq is down over 50% since last spring and BEARX is only up a fraction:

siliconinvestor.com

And it looks like it will top out again at $5.12/share, especially if the dollar doesn't get crush and spur his gold holdings.

I just believe Tice needs to be more nimble and take on some gutsy moves (properly hedged of course) when it looks like the market is topping or bottoming.

And I would like to see him diversify some of the core holding into energy stocks because that is one sector that should remain in uptrend until we see energy commodity prices decline (which I don't anticipate happening).

Regards,

Ron
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