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

To: Jack Clarke who wrote (9768)	11/15/1997 1:15:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

Jack: I don't. It would be worth writing to Tice to suggest it. Redemptions and trading of stocks make a messy nightmare for fund managers, I might think he'd like the idea. Trading MDY or SPY might be worthwhile. Or, if you think the market is going nowhere, buy some MDY on a bad day and some BEARX on a great day, so you bought the dips of both. If you're going to buy BEARX study its behavior for a while, it's better to buy it at the top of a short-covering rally when its looks the worst. On Friday the BEARX portfolio of desperate losers was up sharply. MDY collects the best of the midcaps and BEARX shorts the worst, so you have potential to make money in both directions by 15% a year just by picking your device and preying on the volatility.

To: Jack Clarke who wrote (9768)	11/15/1997 5:32:00 PM
From: Paxb2u	Respond to of 94695

Jack, I've spent some time looking for one and havn"t found it, but here's a good site to search--- site-by-site.com Have a good weekend Peter :o)

To: Jack Clarke who wrote (9768)	11/15/1997 10:44:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 94695

Iam pretty sure that there's no closed-end fund like BEARX. But you could get the same effect by shorting a closed-end technology fund. If you could borrow the shares. I went looking recently for a suitable closed-end that was selling at a premium to the market that I could short, but nothing seemed quite right. Years ago I did very well (1974-1982) trading closed-ends long when they were at very deep discounts to the market. I would have done best just to buy and hold. I did do the experiment about 1978 of putting $25 into each of a wide array of closed-ends through the Merrill Lynch sharebuilder program. With reinvestment of dividends some of these are now worth nearly $200, or an 800 percent gain. Others did not do so well. But on the whole my original $250 portfolio is worth about $1500. I did this just to get all their quarterly and annual reports. If I had only just put all my assets into the same funds and left them there, I would be much more wealthy. Proves the buy-and-hold for a long bull market. I am pretty confident now about the bear and about BEARX.