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

To: Hanney Yin who wrote (585)	3/29/1999 6:15:00 PM
From: Don Westermeyer	Read Replies (2) \| Respond to of 793

I think you are late to get into the energy sector. The time to get in was about two months ago. I'm basically a fan of the seemingly undervalued sector, but I'd wait for a pull back. I don't think oil prices will climb much until demand picks up now. FWIW - I dumped BEARX last week mostly because of the stupid (IMO) position he has on gold. I think most tech stocks are priced to Mars so I can hardly blame in for shorting those but I really hate holding gold when there is so much selling going on. Maybe I should just short QQQ. :)