Prudent Bear Fund (BEARX): contrarian investing Message Board

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Pastimes : Prudent Bear Fund (BEARX): contrarian investing

BEARX 4.050

-0.5%

Nov 3 4:00 PM EST

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To: Allen Furlan who wrote (761)	8/7/2003 11:57:25 AM
From: Tommaso	Read Replies (2) of 793

Hope your strategy works for you. I don't go any farther than buying a few LEAP puts on things I think might decline drastically, such as JPM, and calls on natural gas suppliers. I do not like using margin right now. I have never been forced to sell anything on margin, but I have had to meet margin calls in the past and it was not fun. If I ever see stock values again the way they were in 1982, when I was margined to the hilt and paying over 20% interest, I will do so. If I were to use margin right now, I think I might buy more Canadian energy trusts, where much of the 15-20%return is non-taxable, and deduct the margin interest as an investment expense. But I just like the feeling of owing nothing to anyone and not being under anyone else's thumb in any way. Un-American, of course. <G>

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