Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tommaso who wrote (10249)	11/23/1997 12:43:00 PM
From: Greg Jung	Read Replies (1) of 94695

Tommaso, right or wrong about the market I don't like the use of BEARX as a short-play. Why can't it make money even during the "fair" times of the market. Its short history is a downtrend with two minor up-surges representing major market moves. The chart pattern looks like a biotech (although faster cash decay) and the spring market downturn, which should have resulted in a major step up in the NAV, looks like a minor news event in a biotech that really didn't catch. If you like this sort of stock... why not buy a biotech! (or two or three). It has been a while since they've been a favored sector, so you will still enjoy the advantage of commiseration with your fellow investors. In any case, diversify one way or the other. BearX may be an ok place to be when/if it all tanks, but you have no idea how the fund would cash in on it. So far they haven't cashed in on much. Greg

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