Prudent Bear Fund (BEARX): contrarian investing Message Board

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Pastimes : Prudent Bear Fund (BEARX): contrarian investing

BEARX 4.080

0.0%

Nov 6 4:00 PM EST

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To: Michael July who wrote (477)	12/5/1998 12:25:00 AM
From: Syd Deem	Read Replies (1) of 793

BEARX down .11 and Rydex URSA down .22. URSA has about 2X NAV of BEARX, so it is having the same problems. Jumped in with half my reserves Thursday and based on Friday's action almost bailed back out, but I can't believe all the good news the market reacted to was valid. The jobs report is distorted due to seasonal activity. The way the Globex ended tonight I am probably wrong but I think now I will leave what I have done alone and watch for the opportunity to kick in the rest of the reserves. PS. Just noted that Tice has a new message out (second this week) prudentbear.com

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