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

To: Peter V who wrote (376)	10/8/1998 3:16:00 AM
From: James C. Mc Gowan	Read Replies (1) \| Respond to of 793

Tommaso; and thread: I am up approx 30% by purchasing gradually over the past month; average buying price of $7.10/Share Thought I might by another 20K yesterday but felt I had enough; now regret it I believe Dow cracks and dumps to support at 7400 plus or minus; it might be a good time to lighten up; but only to buy back in after a reflex rally, as it will surely go to 6900-7000 range in this month or by 1st week of Novermber at the latest I know its tough to time with this volatility, but support at 7400 may be a good spot to corral profits and go back in again. Hats off to Mr. Tice; he sure has picked some amazing short positions; eg. PVN, VRTS, GE, BBY, HI, et al. By the way, I did post a request for more frequent updates of short list by I was politely rebuffed, an of course, with some good reason. Talk about "spys"; and it makes a lot of sense. Actually, Tice's top 10 short for August 30 were excellent plays, as above, for shorting. Good luck to all Bears. vocex AH