Prudent Bear Fund (BEARX): contrarian investing Message Board

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Pastimes : Prudent Bear Fund (BEARX): contrarian investing

BEARX 4.080

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Nov 6 4:00 PM EST

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To: Dale Baker who wrote (595)	4/29/1999 6:25:00 PM
From: Don Westermeyer	Read Replies (1) of 793

I am only shorting AMZN during an expected 'profit taking' phase. I do not 'short to zero' the i-nuts like scam stocks. In fact I keep stop losses on them pretty tight. I don't really think most of the i-nuts are any more of an investment than 'Beanie Babies', but trying to time the end of a craze can be suicide. When the revenue growth shows signs of slowing, the tulips that have little real earnings will take a unbelievable beating. All manias in the past have ended badly, but like I said, are most impossible to time and I will probably be on the sidelines.

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