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To: Joseph G. who wrote (7528)	10/3/1998 11:41:00 AM
From: Tommaso	Read Replies (2) \| Respond to of 86076

prudentbear.com You are correct. The Turnover rate last year was over 400%. Now let me check the most recent report. prudentbear.com OK, the rate for the past six months was 274%. Not surprising, in a fund that is moving in and out of short positions. What I like is that you get diversification, so that some earning surprise or merger can't suddenly wipe you out on an uncovered short position. Also, as with an option, you know exactly what you are risking (i.e. 100%, but not more).