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Pastimes : Prudent Bear Fund (BEARX): contrarian investing -- Ignore unavailable to you. Want to Upgrade?

To: S. maltophilia who wrote (319)	8/30/1998 12:24:00 AM
From: Bonnie Bear	Read Replies (2) \| Respond to of 793

Khalil: the smart money seems to have fled the scene while various kinds of debt derivatives crashes go on. We've seen CMOs, junk, low-grade corporate, and sovereign debt crash this week, equity is sold to meet margin calls and the potential buyers are watching until the selling panics subside. It would seem there's another shoe to fall with some kind of big derivatives meltdown tied to Japan. Convertible funds have been taking big hits but are probably a good place to be long near some kind of bottom. For some kind of upside indicator take a look at MUHLX- he's holding the best value longs (IMHO) in his fund , a bunch of his longs just showed up on my scan as having a p/e of 6-7. So doing TA on his fund might be useful- it's at a resistance level here.