Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: S. maltophilia who wrote (462)	12/2/1998 7:29:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 793

I hadn't thought about the effect of the golds, but that probably did hold it back after Monday. I agree with Penni that it was disappointing to see such a small gain and puzzling to see no change yesterday. But unlike the Profunds bear funds, which track the inverse of the S&P much more closely, BEARX has such a range of shorts, options, and golds that on any given day it can go either with or against the market. Sometimes when there's a huge drop in one of its shorts it can rise even as the sverages rise. But I have seen what it can do in major downturns, and so far it works dramatically well when those occur. Still, it's true I'd be more into some of the other bear funds except I can't get them through Quick and Reilly. BEARX seems to be the only one they handle and so the only one available for IRAs.. Yesterday I downloaded an application form for Profunds and am thinking of sending some cash directly to them for their Ultra bear stock and OTC funds. As Far as I can tell, Tice is sticking to his plans, though he must worry at times about having the fund wiped out entirely by some replay of the original tulip craze. As do I. People who are not prepared to live on boiled crow for a while, or maybe for the rest of their lives, might be happier in cash than in BEARX.