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

To: Tommaso who wrote (381)10/8/1998 6:14:00 PM
From: Syd Deem  Read Replies (1) | Respond to of 793
 
Wonder how Bonny Bear is doing? Some of her posts got me into BEARX too soon and I wished for a while I had jumped out when she did but with the doubling at $6 things look great now. (Did I say a trillion - I meant a billion shares and today we had 1.1 billion shares traded but still not a washout as the tick did not get quite low enough.) Still holding for a washout large volume and tick below -1,800 day.



To: Tommaso who wrote (381)10/9/1998 8:32:00 AM
From: StaggerLee  Read Replies (2) | Respond to of 793
 
>>can't seem to decide whether long term or short term is better for holding a fund. <<

Long term, a diversifed fund with a net short position is destined to become insolvent. Almost by definition, isn't it? It might take 5 years, or 10 years, or 50 years, but no fund can survive betting against the long term trend forever. Since markets normally go up, BEARX will normally go down. Eventually, net assets become zero.

Enjoy the blip.


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