Prudent Bear Fund (BEARX): contrarian investing Message Board

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Pastimes : Prudent Bear Fund (BEARX): contrarian investing

BEARX 4.100

-1.0%

Nov 26 4:00 PM EST

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To: Mosko who wrote (398)	10/14/1998 2:27:00 AM
From: James C. Mc Gowan	Read Replies (1) of 793

Mosko, you can buy/sell BEARX in Schwab right up to 4pmEastern; at least I have been able to recently. This is an advantage, as you indicate. On last Thursday, I watched the sell off to DOW support at about 7400, and then the rally to close. Decided to sell my position in BEARX, thinking that a rally into expiry week might occur. Was able to capture my 21% profit with this approx. two week hold. Then started buying back in on Friday at close and again Monday. This fund is a trading vehicle in a Bear Market/ now big question is when Dow support at 7400 is touched again(soon!) whether to sell and take short term profit or bet on further declines. Maybe next drop I'll sell 1/2 and hold 1/2, as my gut tells me we are soon approaching a capitulation selloff, and BEARX profit could be significant, and very rapid. JMHO Good luck to all BEARXers vocex

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