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

To: Arik T.G. who wrote (733)	10/18/2002 3:56:22 PM
From: Tommaso	Respond to of 793

At $7.68? You can bet I will be buying more if it gets down to $7 again. I will start selling if and when it hits 9, will be completely out if and when it hits 11, though it could go a good bit higher. I have never been especially happy owning BEARX, but it is the only way that an IRA with Quick and Reilly can go short the market.

To: Arik T.G. who wrote (733)	10/18/2002 4:49:21 PM
From: Hawkmoon	Respond to of 793

I wouldn't advise purchasing BEARX at this moment based upon technicals. The Bond bubble is crashing and money if flowing back into stocks from hedge funds scrambing to reverse their position (according to rumours) fron short stocks/long bonds to the opposite.. And the monthly DOW chart indicates this rally could have legs if it doesn't reverse and break below the neckline on the right shoulder of this H&S: bigcharts.marketwatch.com The Nasdaq is due for a major rally as well, maybe up to 1700: bigcharts.marketwatch.com Now the SPX looks a bit more concerning... It could still go down, and that would obviously put pressure on the other indices. But it could head back up to bounce it's head off the 1,000 mark. The Unhedged gold index looks pretty shaky as well: bigcharts.marketwatch.com As does the XAU: bigcharts.marketwatch.com Which leaves BEARX looking like this: bigcharts.marketwatch.com Odds are that BEARX will see $7, and likely $6.00 before it finds any support. Hawk@my.02worth.com