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


To: Investor2 who wrote (12595)12/30/1997 11:39:00 PM
From: Otimer  Respond to of 18056
 
Zeev,Thanks for your reply on CYMI and GATE.For whatever reason you
> were exciled from Silicon Investor I hope it isn't to long because I
> also enjoy your input.
> With the market going up the was it's been doing in the last few days
> do you still feel that it will start moving down soon and then go to
> the low of 6200 you projected on the dow by March?

Oltimer, the current market rise (while a little delayed) was an integral
part of my forecast. It is going up too fast, thus in lieu of starting
around the middle of next month, the decline could start as early as next
Wednesday, IMHO.

You can post this response on the Mohan thread if you so desire.

Zeev
.



To: Investor2 who wrote (12595)12/31/1997 7:28:00 AM
From: Tommaso  Read Replies (3) | Respond to of 18056
 
As a for-the-moment-not-too-proud owner of BEARX, I am afraid they were just on the wrong side yesterday, losing probably 2.5% on their shorts and maybe the rest on puts. Maybe I am not reading the figures correclty, but I think the fund has losses to write off or absorb before it will make any distributions. This might be a tax advantage to some owners. My holdings are in IRAs so I don't bother with the paperwork.