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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: Peter W. Panchyshyn who wrote (1593)10/1/2001 9:11:43 PM
From: sportsman  Read Replies (1) of 11633
 
Peter,
I have to agree totally with Stan. These trusts are very volatile and trading can be a much better strategy than holding. I purchased Prime West, Enermark, and NCN early this year approximately at the same time. I sold Enermark about the middle of this year for an approximate 20% gain. I traded NCN four times since my initial purchase for approximately a 40% gain. I still hold Prime West and even with the distributions I am down about 10%. It is possible it will take years for my investment in Prime West to equal my NCN trading.
Happy trading,
Sportsman
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