What surprised me were some of the other stocks that were
on the largest percentage drop in price.NCF.UN
-------------- Although I have one REIT (REF.UN) which I have held and accumulated for nearly 2 decades. I concentrate more on the oil and gas trusts Have several different ones now ( AE, AY, ERF, FPG, NCA , NCF, PGF, RTU ) as well as on the trusts of trusts ( EIT, SDT ). As for RPC don't ,and have never followed it. So can't say too much about that one in particular. As for the drop in NCF that is to be expected since it had that big runup recently from $10.80 (where I last bought/accumulated see my past posts # 1603 and 1570 ) to go to $14.80 A runup which another poster here (LORNE) missed out on big time. His post # 1421 where he said he shorted it (NCF) along with SHN. And then later denied in his post # 1599 where he said he was avoiding it both short and long. Just goes to show how these traders with their superior returns from trading are """REALLY""""" doing compared to people like me who accumulate on weakness. Stan had said he would take his superior returns from trading against my accumulating anyday ( his post # 1592). Big mistake. Since with my holding these trusts and accumulating on the weaknesses presented, I am not only neutral but well ahead of the game, gains wise. Because of lowering my cost base down with the lower priced purchases. And I have collected some good income as well in the meantime. I took the liberty of copying the following from one of Stan's posts # 1623 ----------
{{{{{{"""""" If oil and gas prices recover strongly soon and stay there, current trust longs will do okay, maybe even look like geniuses.""""""""""""" My personal belief is that there are painful, as yet unannounced distribution reductions waiting in the cards that will ultimately lead to selloffs in a number of trusts. I expect that to coincide more or less with the cycle bottom, and that's when I plan to buy them."""""""""""""""""""""""""""}}}}}}
--------------- The problem is with all this waiting around. He and others are just missing the boat. And when the signs all point to a bottom, it will be that you know what it already occurred, and guess what, you missed it, its gone. So they have no high income and no units at or near the real lows. All that is the real track record of the majority of those that think they can time the market. The sad truth is that they just can't. They miss much more often then they hit. And when they do hit its usually well after the fact.----------------
-------------- As a bit of an aside I noticed that natural gas has taken quite the jump today. Up over $0.20. And look to the article below from this link rudyard.ab.ca --------
Canadian gas prices closed the
week up $0.49 (19.6%) at $2.99
Cdn/GJ on October
12th. Friday's close is up $1.12
(59.9%) from 33-month low set
on September 21, 2001 at $1.87
(the lowest close since the $1.11
posting set on December 4,
1998)
Not only are these trusts taking a hit but so are preferreds with good returns. Is there a market connection?
Can't complain, though, was a good day for my trust units.
Is this the next step down that you've been talking about?
----------- The prime thing to remember is that there will always be a next step down followed by a step up then followed by a next step down and another step up and so on and so on. And the only TRUE way to capitalize on that is to ACCUMULATE ON ANY WEAKNESS. Of course you could fool yourself into thinking your the best trader around and will hit every low (buy) and high (sell) point that comes around and end up making ENHANCED RETURNS. But that just doesn't happen in the real world, as we have seen by the "traders" here. |
