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OK guys; it's my own fault for not analyzing their portfolio
right?
Charles.
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> From: charles meyer <chmeyer@xxxxxxxx>
> To: marketing@xxxxxxxxxxxxxxx
> Subject: PRUDENT BEAR NOT PRUDENT?
> Date: Wednesday, July 22, 1998 5:44 PM
>
> The performance of your fund has been; well putting it kindly, horrible.
> To add insult to injury I bought shares in your fund a few days ago;
> specifically on July 17 when the NAV was 5.65 in order to hedge a
> portion of my portfolio thinking the market was too high. I felt com-
> fortable that my decision was a correct one for soon thereafter the
> market tanked. As of today, the S&P has declined 1.91% and the
> OTC has declined 1.94%. And what do I have to show for my judg-
> ment for buying Prudent Bear? Well, tonight's NAV is UNCHANGED.
> I think you should either do a better job or change the name of your
> fund. Next time I'll know to make a more 'prudent' chocie in my
> selection of funds that will perform according to expectations. When
> the market declines, I expect a fund whose name is Prudent Bear
> to make money. I am alerting one of my discussion forums about
> this obvious flaw.
>
> Sincerely,
> Charles Meyer.
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