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

To: Investor2 who wrote (10273)	11/23/1997 9:17:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 94695

Yes, I will just hang on grimly and suffer. (Hang onto BEARX). After all, 8500 on the Dow would only be another ten percent, and when one is avergaing down at the end of a bear market one has to be prepared to sit on losses of at least that much for a while. It will not be fun if that happens. BEARX might go down more than the market goes up. But what you have to guard against is being sold out at a total loss in case you are right somewhat too soon. And that cannot happen with this mutual fund. (unless you borrow on a credit card are sell out in a panic to preserve your credit rating). Incidentally, right now it does NOT look like an especially bad day or week downward on the US stock market so there's more time to think it over. It's terribly boring to wait out these secular reversals on the market. A capacity for boredom helps to make money.

To: Investor2 who wrote (10273)	11/24/1997 11:50:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

Investor2: re BEARX: BEARX does not inversely track either the DJIA or the S&P, it more closely mimics the inverse of the russell 2000 or the Nasdaq composite. So if the indices move up and the speculative stocks get hit, BEARX can turn a tidy profit. Note that bearx is up with the S&P up in the last few months. So the concern on BEARX is to get out at a time when value returns to the nas (as in July of last year) rather than try to evaluate it on the basis of what the indexes are doing.