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David Tice talks a good game but is full of crap. The Prudent Bear fund is
down over 60% since 1996 under his "management". Eventually he will be
right (after all, a broken clock is right twice a day) but oh, the
opportunity that has been loss in the meantime's. Frankly, I'm mystified
how one man can miss so many opportunities. Even when the big, supposedly
over-valued net names get creamed occasionally, the PB fund still doesn't
gain much if any NAV, indicating that he is not short these names.
JW
-----Original Message-----
From: owner-realtraders@xxxxxxxxxxxx
[mailto:owner-realtraders@xxxxxxxxxxxx]On Behalf Of Larry Muir
Sent: Sunday, July 25, 1999 11:56 PM
To: realtraders@xxxxxxxxxxxx
Subject: Fwd: David Tice - Too Much Paper and Too Much Leverage
You might find this interesting
>From: lepatron@xxxxxxxxxxxxxxxxxxx
>To: trdoptions@xxxxxxxxxxx
>Subject: David Tice - Too Much Paper and Too Much Leverage
>Date: Sat, 24 Jul 1999 09:46:14 -0400
>
>Le Metropole members,
>
>David Tice has served commentary at the
>Hemingway Table, entitled, "Too Much Paper and
>Too Much Leverage".
>
>Cafe members that have followed David's commentary
>the past few months can clearly understand the
>financial landscape scene as it now evolves. This
>piece is as articulate and informative as his others.
>
>"the middle of the curve - sharper losses"
>"derivative situation scary"
>"yen carry trade crowd having problems"
>"liquidity the name of the game"
>
><A HREF="http://www.lemetropolecafe.com/scripts/products.cfm";>Le Metropole
>Cafe</A>
>
>
>All the best,
>
>Bill Murphy
>Le Patron
>
>
>
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