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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: gbh who wrote (44346)	1/22/1999 4:50:00 PM
From: Cynic 2005	Respond to of 132070

<<With performance like this, I can't see how he is still in business. >> Gary, many people invest in BEARX as a hedge. Not necessarily it is meant to be the only investment in a portfolio. I was in the fund prior to the october 97 crash and until Jan 98. It did ok during that period. So, if you can time the market, BEARX can be a good vehicle in your IRA - it may the only way to short. I think he has better grasp of the economy in general and some busineses in particular. As with his performance, I sympathize with him because he is fighting a mania. Besides, the stocks he is short (he discloses in his fund prospectus and he has an advisory service which sells short-recommendations) become subjects of short-squeeze by the likes of Jeff Vinik. Regardless, I can't see why a professional money manager can lose so much in such a short-time. Good luck!