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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: bill who wrote (2428)1/15/2002 11:05:56 PM
From: trustmanic   of 11633
 
Bill,
Those brokers' recommendation means nothing, probably they hold a large position of the stock, so they recommended a BUY. The near term of energy trusts not look good, but may be not so bad for mid or longer term. Some of the trusts are in buying mood, they bought many O & G properties. People are now looking into income trusts like CBF.UN or DHF.UN, the new livingston International Income, I phoned TD this afternoon and they told me that its gone. ICE is priced @9.25 to $10 per unit.It was $5 a month ago.
Too many people lost their jobs, I don't think people could afford to buy anymore. Victoria decided to cut 1/3 of the government work force, I bet a lot of these people earned $5-70000 per year. If these people lost they buying power, you don't expected those who earned below 20K to buy expensive 45 inches TV or new car. The Liberal cut tax too fast and they have big trouble now.

George
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