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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Rogue French Trader who wrote (7914)	10/27/1997 8:32:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 94695

Just don't give up if the market bounces. Keep in mind the terrific overvaluation. The in-and -out gets you killed. I really am perhaps too fond right now of BEARX, which I have owned for a few weeks, and which went up 11% today. It gives you diversification in overvalued stocks that they short, so you won't lose too much too fast when the market rises. I do not think BEARX is for the long haul unless they change their investments totally after a huge market decline. Because of their strategies their overhead is high and eats up capital (not too fast, but maybe at 2-3 percent a year). So as presently set up it is strictly a bear market vehicle. But what a great idea!