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

To: TradeOfTheDay who wrote (400)	10/13/1998 4:27:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 793

Have been out of town and not even able to get quotes, else I would have bought my BEARX back after trading yesterday (the 10% I sold plus another 15% new money). Was hoping the market would continue up today, but it didn't; as of yesterday I could have got back in for about 14% less than what I sold at, but today probably shaves 5% off that. With such big moves, the temptation to try at least a little short term trading isngreat; I remain convinced that a total market decline off last July's highs of 50% is likely and 70% is possible, but it might take five years (half as long as Tokyo has taken) and there could be many dramatic moves of BEARX both ways.