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To: limtex who wrote (2100)	8/30/1998 3:17:00 PM
From: martin davies	Respond to of 6846

I know of a couple Prudent Bear Fund (BEARX) which shorts stocks, buys puts and buys undervalued stocks. It has done well during the recent slide but does poorly when internet and high flying momentum stocks do well. I own a bit of this as a hedge right now. I forget the name of the other fund - I think the company might be Rydex. I know that this fund is a pure short of the S&P 500. Good luck, Martin

To: limtex who wrote (2100)	8/30/1998 4:55:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 6846

<Is there a fund that specializes in shorting and shorting the market?> Index funds are mirrors of the market. You can short index funds if you want to short the market. Sergio

To: limtex who wrote (2100)	8/31/1998 5:06:00 AM
From: zebraspot	Read Replies (1) \| Respond to of 6846

There was an article about two new short funds in a very recent Forbes or Fortune. Some of these new short funds are leveraged to perform at 150% and 200% of the market move. One is: quote.yahoo.com I've also been in BEARX for a year or so. It's not great, just recently has it been doing much. Even on most past down days, their relative performance has not been good. Best thing is index puts. Try the DJXOJ's (DJ Mar '99 88's) They are trading at around $10 as of Friday close, and go up a $1 for about every 100 pts. the Dow Jones 30 go down. It's more fun (and riskier)than Vegas, but they will hedge you a lot better than these funds if things really go down. Good luck.