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Pastimes : Prudent Bear Fund (BEARX): contrarian investing -- Ignore unavailable to you. Want to Upgrade?


To: rails99 who wrote (709)2/22/2002 5:37:54 PM
From: Tommaso  Respond to of 793
 
Tice seems to be doing pretty well recently. BEARX was only down 2 cents today, with all the indices up a good bit more than the .35 percent that that represented.

The BEARX I bought for my daughter on January 7 is up 20%.

I would rather be a bull, but the valuations don't allow it.



To: rails99 who wrote (709)2/28/2002 6:42:03 PM
From: Tommaso  Read Replies (1) | Respond to of 793
 
BEARX is doing its thing--up 2%, which is more than the indices went down.

The times it REALLY performs are when there's a one-day drop of 5% or more in the general markets. Then all the shorts and the limited amount of puts kick in, with a bonus if gold goes up at the same time. It is quite possible for BEARX to be up 10% on a 5% down day in the market--as riskier issues tank.

EDIT: I must sound like a shill for TICE, but with about 25% of the family's net worth, aside from the house and vested pensions, in BEARX I have to be a true believer.