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

To: Tommaso who wrote (10249)	11/23/1997 12:43:00 PM
From: Greg Jung	Read Replies (1) \| Respond to of 94695

Tommaso, right or wrong about the market I don't like the use of BEARX as a short-play. Why can't it make money even during the "fair" times of the market. Its short history is a downtrend with two minor up-surges representing major market moves. The chart pattern looks like a biotech (although faster cash decay) and the spring market downturn, which should have resulted in a major step up in the NAV, looks like a minor news event in a biotech that really didn't catch. If you like this sort of stock... why not buy a biotech! (or two or three). It has been a while since they've been a favored sector, so you will still enjoy the advantage of commiseration with your fellow investors. In any case, diversify one way or the other. BearX may be an ok place to be when/if it all tanks, but you have no idea how the fund would cash in on it. So far they haven't cashed in on much. Greg

To: Tommaso who wrote (10249)	11/23/1997 8:26:00 PM
From: Investor2	Read Replies (2) \| Respond to of 94695

RE: "I have been waiting out a much-delayed rollover into an IRA and finally got it all into Prudent Bear as of the close on Friday." I've been reading several peoples' posts about BEARX with interest over the last few weeks. I'm a long-term investor. So far, I've either been long or in cash. I've never been short, but I'm trying to evaluate potential risk-reward of BEARX fund should I become bearish in the future. Given the above, I wonder if you would mind sharing your thoughts with me about a possible scenario: What will you do if the market moves to new all-time highs in the months ahead? For instance, if the market moves up to a level of about 8,500 DJIA, will you still maintain your holding in BEARX? Thanks, I2