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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Lone Star who wrote (10233)	12/5/1997 9:32:00 AM
From: Cynic 2005	Read Replies (3) \| Respond to of 18056

Lone Star, I think it really depends on how disciplined Tice (fund manager) is. I am in BEARX since July and so far, I have been impressed with his performance. However, I didn't like the fact that on one occasion he chickened out on his short positions on box makers yielding to the BS about Christmas sales. But hey, he is only human. My target is to stick with BEARX until we see indexes get yanked about 15-18% (I think they will) and then re-evaluate from then on. Perhaps that is good enough for at least 15% on BEARX. Considering all this can happen within 3 months, it is pretty darn good return. IMHO! -Mohan

To: Lone Star who wrote (10233)	12/5/1997 10:07:00 AM
From: Tommaso	Respond to of 18056

I don't have the link to post at the moment, but if you run a chart of PRSCX, a T. Rowe Price tech fund, against BEARX, you get an almost perfect inverse correlation. I think that if there were a 30% correction on the major avergages, and more intense drops on tech stocks, you could easily see 50% appreciation on BEARX. I think that I would get out sooner (maybe, or at least partly) and just be grateful for coming out ahead. BEARX is by far my largest holding now. I am up about 6 percent. But in case of a resumed bull market anyone who wants to gloat about my discomfort will get a lot of pleasure out of it!