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 (606)	6/1/1999 3:10:00 PM
From: Tommaso	Read Replies (1) of 793

Yes, I have still got some LEAP puts on AMZN, YHOO, etc. They don't jump the way near-term ones do, but every time I have a 50% profit I take it and look for something better. I think I am settling into a long-term short position of the technology index spyder, XLK. Made the awful mistake of thinking I could shift into the Internet index and then discovered it was only good for puts (which have really high premiums), so I did a losing roundtrip out and in of my XLK short position--the stupidest short term move I have ever done. I just did not research the IIX index thing carefully enough and because I was getting quotes on it, thought I could short it. My trading account is up 25% for the year, and that includes a big loss on BEARX and fighting a rising market, mostly. But I still feel awfully dumb today.

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