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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: JDinBaltimore who wrote (4560)	10/8/1999 11:10:00 AM
From: John Dally	Respond to of 5676

Hi JD, The BEARX fund is the least painful way to short the market. Puts often go to zero, shorting seems to inevitably lead to margin calls. -g- I was also impressed that the BEARX fund did quite well during this latest market "melt up." As an alternative to BEARX, one could buy gold stocks. With gold up 20% from a 20-year low, the weakening dollar, etc . . . it seems like a good time to buy. After the initial pop, it seems that the gold sector has settled back down to where there are good buys again. There are knowledgeable people who can point out the better picks. FWIW, I chose TVX ($160 million in cash & cash production cost at $168/oz), KRY (very low P/E & P/CF), MAENF (market cap = 2/3 cash). Best regards, JDinSaratoga.