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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Terry who wrote (8732)	12/22/1997 10:58:00 AM
From: Jon Tara	Read Replies (2) \| Respond to of 9285

(Referring to Prudent Bear Fund performance, -16% since 1996) Terry, I don't buy that. Does Tice really see his benchmark as the inverse of the S&P? Does he really think he's beaten the appropriate benchmark by losing 16%? Prudent bear is NOT a "short fund". The stated goal of the fund is to make money in BOTH up and down markets. He hasn't met that goal. The fund can go from 50% long to 100% short. It is suppose to invest long in stocks that are undervalued invest short in stocks that are overvalued. It is suppose to set allocations according to Tice's judgement as to whether we are in an up market or a down market. Seems to me that he mis-judged what kinda market we were in, for a couple of years. ;) BTW, any of the shorters here beat Prudent Bear Fund's performance? If you didn't you should consider why you continue to keep shorting. If you have, you should probably not consider following Tice's lead...