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

To: AurumRabosa who wrote (779)	3/12/2004 8:23:25 AM
From: Tommaso	Read Replies (1) \| Respond to of 793

Yes, BEARX is disappointing right now. I don't quite understand it. A couple of months ago I sold half my BEARX and put the money into RYVNX. This does what it claims to (or almost), which is 200% inverse of the NASDAQ 100. BEARX did do much better than other bear funds during the 2003 minibull market, for which I am grateful. But RYVNX is the better pure play on a market decline. (And remember, loses twice as much when the market rises). Anyone who has held RYVNX for the past year has been badly hit.