Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jack Clarke who wrote (9768)	11/15/1997 10:44:00 PM
From: Tommaso	Read Replies (1) of 94695

Iam pretty sure that there's no closed-end fund like BEARX. But you could get the same effect by shorting a closed-end technology fund. If you could borrow the shares. I went looking recently for a suitable closed-end that was selling at a premium to the market that I could short, but nothing seemed quite right. Years ago I did very well (1974-1982) trading closed-ends long when they were at very deep discounts to the market. I would have done best just to buy and hold. I did do the experiment about 1978 of putting $25 into each of a wide array of closed-ends through the Merrill Lynch sharebuilder program. With reinvestment of dividends some of these are now worth nearly $200, or an 800 percent gain. Others did not do so well. But on the whole my original $250 portfolio is worth about $1500. I did this just to get all their quarterly and annual reports. If I had only just put all my assets into the same funds and left them there, I would be much more wealthy. Proves the buy-and-hold for a long bull market. I am pretty confident now about the bear and about BEARX.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next