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: Peter V who wrote (532)	1/13/1999 8:48:00 PM
From: Tommaso	Read Replies (2) of 793

Like everyone else who holds BEARX, I am disappointed. But it is true that after all the gyrations today, the NASDAQ was hardly down at all and the Philadelphia Semiconductor indesx was actually up. There has to be a real crash that sends the indexes way down (i.e. at the very least 25%) to bring the BEARX portfolio fully into action--and it is an intrinsically wasting investment without that. Over the years I have paid in what could have, at compounded interest, been half the value of my house in insurance, and I have never collected a penny from the insurance company. BEARX is for the short term and those of us who have misjudged the start of the bear market (i.e. a 24-36 month period, in my opinion)are suffering the consequences of our inability to allow for the insanity that has kept this thing going.

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