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

To: Tom M who wrote (17134)	4/23/1998 5:42:00 PM
From: Dwight E. Karlsen	Respond to of 94695

Tom, BEARX refers to a fund called the Prudent Bear Fund, run by David Tice & Associates. The fund is predominately short, I presume, though I dunno, I suppose they go into cash at times. Here's the url: prudentbear.com Here's a blurb from the web site: "The Prudent Bear Fund is managed by David W. Tice & Associates, Inc., an investment research and management firm whose primary business has been providing "sell" recommendations to more than 100 institutional money managers. Our clients include some of the largest institutions in the country which collectively manage more than $1.5 trillion. This web site gives us the opportunity to share our expertise and insight with individual investors for the first time. Our intent is to help provide investors the tools necessary to make knowledgeable investment decisions."

To: Tom M who wrote (17134)	4/23/1998 7:11:00 PM
From: James F. Hopkins	Respond to of 94695

Tom; BEARX is a hedge type open end no load fund that shorts a lot of stocks, they have long positions also but focus more to the short side. It does poorly in a bull market, so you need to be careful but today it was up .06 to 6.20, while almost all long funds were down today. If you think the market is going down you can hop in it, and thus spread or reduced your risk of picking just a few shorts, but again it's not a good place to be if the market goes up. I buy via my broker..by 2:15EST , and you get the closeing NAV that day. Same with getting out. I almost bought in yesterday but wanted to confirm the down turn first..and was just to lazy today to do anything. Jim