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

To: StaggerLee who wrote (392)	10/9/1998 6:02:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 793

But what do you own? It's not an impertinent question to ask someone who is critiquing what I own. What do you own, what price did you buy it at, and when did you buy it? This information would add credibility to your claims. As for me, I bought a great deal of BEARX at different prices, including some at about the price you seem to have sold it. I have held it through some hard times, until the losing position finally changed into a winning one--about 25% on the average. I see it's down today more than 8%. Well, yesterday, I sold 10% of my position, as I announced, and if I wanted I could now get back in with that money and buy more shares than I had yesterday. But I am going to wait until I can buy 20% more before I put that money back in. And if that doesn't work out, I am even happier because that means the remaining 90% is worth more. And I'll sell some of that when BEARX is up another 25% from where it is now.