Prudent Bear Fund (BEARX): contrarian investing Message Board

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Pastimes : Prudent Bear Fund (BEARX): contrarian investing

BEARX 3.810

+1.1%

Feb 6 4:00 PM EST

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To: drsvelte who wrote (245)	5/27/1998 10:27:00 AM
From: Tommaso	Read Replies (2) of 793

I mean that stocks can only go down so much even in the worst of bear markets and thereore short positions are not for holding long term. I think BEARX is an excellent holding right now. It's my own major position. But if I get to where I have a substanatial profit on BEARX I am going to go to cash. I think the market could work its way down by fifty percent or more. After it's down to about 5,000 on the Dow, I may start gradually putting money back into long positions. But I will be looking carefully at everything at that point. As we all know, the Nikkei deflated gradually from 40,000 to under 16,000 presently--a 60% decline. I'll be looking for stocks with P/Es of 8 or less before I get back in. Except for the oil stocks that I do hold as insurance against another oil crisis.

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