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: Don Westermeyer who wrote (559)	2/10/1999 10:24:00 AM
From: Tommaso	Read Replies (1) of 793

I finally switched from adding more money to BEARX (where, unfortunately for the time being, I have a LOT) to buying my own LEAP puts on a basket of what I hope turn out to be basket cases. At least basket cases in price: AMZN, INTC, MU, LU, YHOO, AOL, and DELL. So far it's working--the basket is up 28%, which makes me feel a little better about sitting on all that BEARX. But right now I have no alternative to BEARX because my Quick and Reilly IRA doesn't allow purchases of any other bear funds. My nightmare would be for Tice to chicken out and lock in losses by buying T-Bills, but it doesn't sound as if he plans to do this. He must have got spooked and done something to reduce volatility for a while, because as you say, the fund isn't doing as well as an inverse of the NASDAQ--and it ought to be doing about 50% better.

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