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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (16330)2/26/2002 1:45:04 PM
From: Alan Smithee  Read Replies (1) | Respond to of 23786
 
Isn't David Tice the manager of the Prudent Bear Fund?



To: Jorj X Mckie who wrote (16330)2/26/2002 3:04:33 PM
From: Junkyardawg  Read Replies (1) | Respond to of 23786
 
Yeah but the called the melt down for 10 years during the 90's while the market made new highs and it was the biggest bull market in history.

Was he right in the end? If you ask me hell know. He lost hundreds of millions if not billions of billions in potential money made. Everyone will be right at some point and now he is still telling everyone to short short short short short just like he said short the Nasdaq at 400 a few years ago. He is a clown if you ask me that just happens to be right at this point in time. We will get another bull market at some point and he will still tell everyone to short all the way up, losing hundreds of millions for his clients and then when the top hits he will say I told you so but shit, anyone can do that. Hell, I can do that...geeeezzzz

I remember last year he said the Nasdaq would be below 1000 by the end of 2001 and you could take that to the bank. Ok, the Nasdaq closed in 2001 at 1950 which puts him off his target buy almost 100%. Now why is he so smart if he can miss his #1 call by 100%?



To: Jorj X Mckie who wrote (16330)2/26/2002 4:07:06 PM
From: John Pitera  Read Replies (2) | Respond to of 23786
 
Yes Tice, has found a number of companies with inflated accounting techniques.

Tice started his funds at the end of 1996, right at the time that Greenspan was openly talking about irrational exuberance. Many have theorized that the market really would have broken down into a bear market in 1997, if it had not been for Clinton's Crash Protection Team and also all the best efforts of the Investment Bankers, Tech stock CEO's and others who were able to expand the bubble over those final few years of the 1990's